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|||Page|
|---|---|---|
|Reference and administrative<br>details|||
|Trustees'<br>report||2to 9|
|Independent<br>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|





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|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<br>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<br>for|Digital, Culture,|||Media R Sport (DCMS),|||Food|||||f21,000|
|facilitated<br>by Action Homeless||||and Reaching People|||||||||
|Love Your Neighbour:<br>Love Christmas|||||||Christmas<br>Hampers|||||E1,200|
||||||||General<br>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<br>Foundation|||||||Unrestricted|||||E5,000|
|The Helen Jean|Cope Charity||||||Pie Night Utilities|||||E1,000|
|The National<br>Lottery Community|||||Fund: Awards for All||2023 Mentoring||Pilot|||E9,978|
||||||||Year 4of 5|multi-year||||E17,500|
||||||||grant for the||||||
|The National<br>Lottery Community|||||Fund: Reaching|Communities|Furniture<br>pro ect||||||





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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Unrestricted||Restricted|Funds|Funds|
|||||Funds|Funds|31.12.22|31.12.21|
|Income and endowments||from||E|E|E|E|
|Donations<br>and legacies||||168,062|63,436|231,498|403,392|
|Charitable<br>activities||||||||
|Hand<br>in Hand Pre-School|||||182,739|182,739|189,764|
|Open Hands||||7,405||7,405|4,716|
|Investment<br>income|||||147|147|82|
|Total income and endowments||||175,467|246,322|421,789|597,954|
|EXPENDITURE ON||||||||
|Charitable<br>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<br>funds||19||356|(356)|||
|Net movement<br>between|funds|||(19,057)|683|(18,374)|183,062|
|Reconciliation<br>offunds||||||||
|Total funds brought<br>forward||||354,701|59,630|414,331|231,269|
|Total funds carried forward||||335,644|60,313|395,957|414,331|
|CONTINUING<br>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<br>from|operations|||||||3,896|272,860|
|Net cash provided<br>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<br>by investing<br>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<br>RECONCILIATION<br>OF NET INCOME TO NET||||||CASH|FLOW FROM OPERATING||ACTIVITIES|
|Net income for the|reporting||period (as per the Statement||||ofFinandal|Activities)<br>31.12.22|31.12.21|
|Net increase/(decrease)||fn cash and cash equivalents||||||(18,374)|183,062|
|Adjustments<br>for:||||||||||
|Depreciation<br>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<br>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|





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## 

|DONATIONS<br>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<br>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,<br>postage and||telephone||1,103|996||
||Staff expenses||||1,071|2,063||
||Professional<br>fees|||||2,047||
||Catering,<br>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|



## 



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## 

|||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|





## 

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## 

|11|Comparatives<br>for|th|e|st|atem|ent<br>of f|inancial activiti|es|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Restricted||
|||||||||Funds|Funds|Total Funds|
|||||||||E|8|E|
||INCOME AND ENDOWMENTS|||||FROM|||||
||Donations<br>and legacies|||||||82,409|320,983|403,392|
||Charitable<br>activities||||||||||
||Hand in Hand Preschool||||||||189,764|189,764|
||Open Hands|||||||4,716||4,716|
||Investment<br>income||||||||82|82|
||Total|||||||87,125|510,829|597,954|
||EXPENDITURE ON||||||||||
||Charitable<br>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<br>between||funds|||||322,291|(322,291)||
||Net movement<br>in|funds||||||303,893|(120,831)|183,062|
||RECONCILIATION<br>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<br>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<br>fees 8 bank||||charges||6,142||5,662||
||||||||248,633||206,428||
||(Deficit)/Surplus<br>-|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<br>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<br>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<br>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<br>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<br>one year:||||||
||Trade debtors||||1,681||
||Other debtors||||696|4,760|
||Prepayments<br>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<br>lease payments<br>under non-cancellable<br>o|perating<br>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)<br>~696|(34,855)<br>~66,31|(50,567)<br>~KV37|(64,568)|





## 

|19|MOVEMENT<br>IN FUNDS||||||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||, movement|between||
||||||At 1.1.22|in funds|funds|At 31.12.22|
||||||E|E|E|f.|
||Unrestricted<br>funds||||||||
||General||||354,70i|(19,413)|356|335,644|
||Restricted funds||||||||
||Hand in Hand Preschool||||33,157|(8,680)||24,477|
||The National<br>Lottery Community|||Fund||807||807|
||Open Hands<br>Building Project||||23,697|(8,007)||15,690|
||The Vichai Srivaddhanaprabha||Foundation||1,100|(1,100)|||
||Asda Foundation<br>(Clothing)||||1,000|(1,000)|||
||Asda Foundation:<br>Cost of Living|||Grant||400|||
||M&5 Gifting Grants||||||||
||TNLCF: Awards for All|||||9,474||9,474|
||Maud Elkington<br>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<br>for 6 Degrees|||||356|(356)||
||LCC Sustainable<br>Travel Grant|||||1,244||1,244|
||||||59,630|1,039|(356)|60,313|
||TOTAL FUNDS||||414,331|(18 374)||395,957|
||Net movement<br>in funds, included|||in the above, are as||follows:|||
|||||||Incoming|Resources|Movement<br>in|
|||||||Resources|expended|funds|
|||||||E|E|E|
||Unrestricted<br>funds||||||||
||Generalfund|||||175,467|(194,880)|(19,413)|
||Restricted funds||||||||
||Hand<br>in Hand Preschool|||||182,850|(191,530)|(&,680)|
||The National<br>Lottery Community|||Fund||17,500|(16,693)|807|
||Open Hands<br>Building Project|||||513|(8,520)|(8,D07)|
||The Vichai Srlvaddhanaprabha||Foundation||||(1,100)|(1,100)|
||Asda Foundation<br>(Clothing)||||||(1,000)|(1,000)|
||Asda Foundation:<br>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<br>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|Love Christmas|||1,200|(1,200)||
|---|---|---|---|---|---|---|---|---|
|Asda Foundation:|Empowering||Local|Communities|Grant|793|(793)||
|LCC Sustainable<br>Travel Grant<br>Crowdfunder<br>for 6 Degrees<br>The Mead Educationai<br>Trust||||||1,244<br>1,250<br>2,494<br>246,322|(894)<br>(2,494)<br>~/245. 2|1,244<br>356<br> ~9|
|TOTAL FUNDS||||||421,789|(440,162)|(18,374)|
|Comparatives<br>for movement|||in funds||||||
|||||||Net|Transfers||
|||||||movement|between||
|||||At 1.1.21||in funds|funds|At 31.12.21|
|||||||E|E||
|Unrestricted<br>Funds|||||||||
|General|||||50,808|(18,398)|322,291|354,701|
|Restricted<br>Funds|||||||||
|Hand<br>in Hand|||||67,481|(18,647)|(15,677)|33,157|
|National<br>Lottery|Community||Fund||1,901|1,963|(3,864)|0|
|Open Hands Building|||||75,416|238,141|(289,860)|23,697|
|Affordable<br>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<br>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<br>IN FUNDS -|continued|||||
|---|---|---|---|---|---|
|Comparative<br>net movement|in funds,|included|in the above are as follows:|||
||||Incoming|Resourses|Movement<br>in|
||||resourses|expended|funds|
||||E|E|E|
|Unrestricted<br>funds||||||
|General fund|||87,125|(105,523)|(18,398)|
|Restricted funds||||||
|Hand<br>in Hand|||189,817|(208,464)|(18,647)|
|National<br>Lottery Community|Fund||33,981|(32,018)|1,963|
|Open Hands building|||254,185|(16,044)|238,141|
|Affordable<br>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<br>Power|||0|(750)|(750)|
|Asda food|||0|(639)|(639)|
|Sainsury<br>Neighbourly|||500|(500)|0|
|Asda clothing|||1,000|0|1,000|
|VAL Safe communities|||4,985|(4,309)|676|
|Judge Meadow<br>Cycle Challenge|||625<br>300|(625)<br>(300)|0<br>0|
||||0, 29|09,369)||
|TOTAL FUNDS|||597,954|(414,892)|183,062|





## 

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## 

## 



## 

## 

||||31.12.22|31.12.21|
|---|---|---|---|---|
||||E|E|
|Donations<br>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<br>income|||||
|Deposit account|interest||147|82|
|Charitable<br>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<br>activities|||||
|Staff salaries|||252,305|244,015|
|Social security|||10,600|8,976|
|Pensions|||10,843|11,030|
|Charitable<br>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,<br>postage ft telephone|||1,033|996|
|Staff expenses|||1,370|2,063|
|Professional fees|||70|2,047|
|Catering,<br>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|