REGISTERED COMPANY NUMBER: 05903490 (England and Wales) REGISTERED CHARITY NUMBER: 1121334 Unaudlted Flnanclal statements for the Year Ended 31 March 2025 for Open Hands Trust {Lelcester) THE ROWLEYS PARTNERSHIP LTD CHARTERED ACCOUNTANTS CHARNWOOD HOUSE HARCOURT WAY MERIDIAN BUSINESS PARK LEICESTER LE19 1WP Open Hands Trust (Le1￿Ster) CONTENTS OF THE FINaNf,IAI STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 Page Reference and admlnlstrative detalis Trustees. report 2to13 Independent Examiners, report 14 Statement of flnancial actlvitles 15 Balance sheet 16 Cash Flow Statement 17 Notss to the Cash Flow Statement 17 Notes to the Flnandal Statements 18to31 Detalled Statement of Flnancial Activlties 32to33 Open Hands Trust (Lelcester REFERENCE AND ADMINislliATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES D H Bennett {Teacher) Mrs S E Hind {Minister of Religlon) Rev D Hfnd (Minister of Religion) C Jewitt (HR hlanager) C E Gardiner (Lawyer) J M Saker (Professor) REGISTERED OFFICE 19 Lower Wlllow Street Lelcester LE12HP REGISTERED COMPANY NUMBER 05903490 (England and Wales) REGISTERED CHARifi NUMBER 1121334 INDEPENDENT EXAMINER The Rowleys Partnershlp Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Buslness Park Leicester LE19 1WP BANK HSBC 2-6 Gallowtree Gate Leicester LE11DA TRUSTEES, ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 Introduction The trustees who are also directors of the charity for the purposes of the Companies Act ZOO6, present their report with the financial statements of the charity for the period ended 31 March 2024. The trustees have adopted the prO￿510n5 of Accountlng and Repui Ilrig by Clidl'ities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 102) (effective 1 January 20191. The financial Statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charitys governing document, the Charities Act 2011 and Accounting and Reporting by Charitie5,' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland published in October 2019. This report provlde5 an overview of our mission, activities, achlevements, and financial performance for the year, aligning with our commltment to transparency and accountablllty as a charity. OBJECTIVES AND ACTIVITIES Who W• Ar• Open Hands Trust (Letester}, known as Open Hands, Is a Leicester-based charity that provlde5 essential support to Indivlduals and families in need. services include practical help, sk1115 trainin81 and volunteering opportunlties, all delivered through a compassionate. person-centred approach. We operate with a clear Christian-ba5ed ethos, whlch underplns our cc*nmltment to love, dignity, hope, and service. While our motivation is fa1th-drlven, our services are open to all, and we support people of all backgrounds with respect and without discrlmination. We believe in treating every Individual with compassion and care - meeting people at their polnt of need and supportlng them on thelr journey towards stability and independence. We offer choice wherever possible, and we prioritise listenlng, so that support can be tailored to each person's unique sltuation. At the heart of our work Is the Compasslon Centre, based In the St. Matthews estate. It serves as a central hub for our charity's services, offeriftg a welcom7ng space where people can access practical support, such as food and household essentials, alongside emotional, spiritual, and practlcal guldance. We see connectlon as a vltal part of recovery and resilience, and we work actively to signpost guests to addltional services and community resources. We refer to those who acce55 our services as 'guests' a deliberate choice that reflects our ethos of hosp1tallty, welcome, and valulns people beyond their current circum5tance5. Our guests come from a wlde range of backgrounds, including low-income families, individuals experiencing homelessnes5, refugees, asylum seekers, and th05e who are unemployed or socially isolated. Each week, over 350 people access our services. This work Is made possible by a dedicated team of over 1 ￿ volunteers, who are central to the delivery of our mission and bring a spirit of care and compa55ion to every interaction. Our work is effective because of a well-designed, person-centred delivery model, underpinned by strong organisational strategy, empowered and commltted stakeholders, and a faith-based approach that influence5 all we do. We strlve not only to provide immediate relief, but to empower indiv7duals to feel valued, equipped, and conr￿cted. Our Journey Open Hands Trust was founded in 2006 by Trinity Life Church Inow One Church Leicester}. Our work began wlth the opening of our preschtJoI in the Highflelds area of Leicester. However. St quickly became clear that there were broader need5 Within the comrnunityj prompting the expansion of our services. TRUSTEES. ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTER} for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES - CONTINUED Inspired by the call to justlce and compa$5ion in Isaiah 58, we have spent the past 18 years responding to practical needs through the love of Jesus. Throughout this journey, we have partnered with local churches, businesses, charities, and supporters to serve our city with care, dignlty, and hope. Some key milestone5 along the way include: 2006 - Opened Hand in Hand Preschool In Highf1elds 2008 - Launched food provision 2009 - Opened our first Compassion Centre In Highfields, alongside the launch of our Tuesday night hot meal provision and clothlng project 2010 - Launched our furniture project and En81ish language classes 2016 - Awarded 'The Queen's Award for Voluntary Servlce, In recognltlon of the dedlcation and impact of our volunteers 2017 - Opened Hand In Hand Preschool In Braunstone 2021- Relocated our Compassion Centre to St. hlatthews Ongoing - Adapt1ng and expandlng our servlce5 In response to evolving communlty ￿ed$ Our Journey reflect5 a continued commitment to loving service, rooted In faith and strengthened through comrnunlty partnership. Our Misslon We alm to SUPPOrt Individuals and famllles experiencing material poverty and social exclusion. We do this by: Meetlng urgent needs through the provision of essential items such a5 food, clothing, household goods, and access to Engllsh language classes. Promoting dlgnlty by offering compass7onate care and personalised support. In5plring hope and helpln8 people believe In the possibility of a better future. ConnÈctln8 people wlth other5, slgnp05tlng guests to wider emotlonal, spiritual, and practical support. Our goal is to help Indivlduals transitlon from cri51S to stability. We want every person to feel valued, equipped, and supported fosterlng both personal agency and deeper community Sntegratlon. Our Values Open Hands Trust Is founded on ChrSstlan prlnciples and is shaped by the followlng core values: Relatlonshlps - We priorlt15e connection and communlty. taking tlme to Ilsten, understand, and walk alongside others. Klndness - We offer care wlthout judgement. Generoslty - We freely share time. resources, and compassion. Empowerment - We support individuals to foster hope, grow in confidence, develop skill5, make informed choices, and build independence. Honour - We treat every person with dignity, respect, and value. These values guide every aspect of our work, shaping how we serve our guests, relate to one another, and build a compasslonate community. TRUSTEES. ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTERI for the year ended 31 March 2025 OBJECTIVES AND AcfiviTIES - CONTINUED Key Service5 We address food poverty through three core servFces: Pie Nisht, the Food Store, and the Sociol Supermarket. Each service is deslgned to rn￿t specific needs within our community. Pie Night provides a free weekly hot meal In a welcoming setting, offering not only nourishment but also opportunities for social connection and support. As part of Leicester's Hornele55ness Charter, the Service complements other city-vAde meal provislons to help ensure no one goes hungry. The Food Store provide5 a week'5 supply of essential food and toiletries at no cost to Individuals and families experiencing hardship. Set up like a shop, it promotes dlgnlty and cholce. The servtce Is intended as a 5hort-term solutioni giving people tfme to proce5S benefit applications where eligible andlor access further support wlth money management or other professional advTCe. The Social Supermarket, delivered vAthin the Food Store, offers a wide range of essential food and toiletries at slgnificantly reduced prices to people on low incomes, including those receiving benefits. It supports those unable to afford full supermarket price5 and encourages budgeting skills. Our aim is to help individuals move towards 8reater flnanc1al Independence by learnlng to prloritise and manage spending on food. Together, these services form a comprehensive approach to tackllng food fn5ecurity and sUPPOrting the wellbelng of those in need. "I met a famlly of slx todoy. rhe crisis teom hove been visiting the famlly dally to support the dod who has been strusylins a lot wlth mental health155ues. The famlly hod been referred to us for food. This was the dod's flrst day out in a few months due to hi5 anxietyi he had made the effort to come with his fomily to find us and they hod wolked a long way because they hod no means of food In the house. There hod been 155ue5 Wlth their Universal Credlt poyments and they weren't recelvlns any current financial support. We supplied prepacked hampers of food and dad said 'thank you so much, It was worth the effort. It's o rellef to have food for the cupboards now.. I'm so slad we were able to help. Open Hands staff member lothln andH Our drop-in provides essential cloth7ng, bedding, and household Items to those fn need, ensurtng Individuals can acce$5 what they require with dignity and support frorn our volunteers. These mornings are also supported by our chaplalncy team, offering pastoral care, and by advlsors from Leicester Community Advice & Law Centre (LCALC), who provide practlcal guidance on legal, housing, debt, and welfare i55ue5. "Open Hands does essentiol work for the communAty. They work hord to occept people os they come and clearly want more for the people who come here" - Feedback from a LCALC worker A team from Community Payback a150 SUPPOrts this work by helplng to stock and organise donations across both our food and clothing projects, ensuring these vltal services continue to run Smoothly. Furniture We provide essential furniture to recently housed individuals and low-7ncome households, helping them tr8nsform thcir house5 into homes. Support is available to those with limited financial means who are unable to obtain furnlture through other source5, including statutory grants. Depending on individual circumstances, items are provided free of charge or at low cost, enabllng people to settle Into safe, functlonal accommodation with di8n7ty and stability. TRUSTEES, ANNUAL REPORT FOR OPEN HANDS TrUST (LEICESTERI for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES - CONTINUED "I just wanted to express my deepest gratitude for your help todoy. Despite your busy schedule, you took the time to aS515t rne, ond I truly appreciate your understanding of my family's situation. With my wife and 3-year.old daughter arriving next week, your effort to Grrange on earller delivery of the item5 rneans the world to me. Thanks to your kindness, I won't be left W7thout essentials when they arrive, and I won't have to feel emborrassed in front of my family." Email from a furnSture guest En Classes We offer a range of English language opportunitles to support asylum seekers, refugees, and other adults in improv7ng their communication skills and integrating into the cornmunity. Provision ranges from conversational and beginner-level classes, which support everyday communication and community participation, to Advanced Academic Skills and IELTS preparation, enabllng learners to access higher education and ernployment opportunities. In additTon to language development, students gain confidence, build Social connections, and develop a greater understanding of life Tn the UK, while also contrlbutin8 their own cultural perspectlves to a dlverse and Inclusive learning envlronment. "One of the 5trensths of our Enslish language progromrne Is our obllity to make our students feel they are part of G family. For years we've orsani5ed different event5 to promote this, and recently we organi5ed o baby shower for one of our Iraql students. All her c105e famlly member5 are in Iraq. The family environment of the class helped her for mony week5 to feel she wasn't completely alone. l asked the 5tudent5 if we could do somethlns to bless her. I suggested a Party after class with brins and share food os well as sift5 for her and her baby. Everything w05 oryanlsed without her knowins. Many of the student5 were touched by this initiative and responded senerou51y. We had o sreat time together. There was, 05 usual, more food than we could eat and bas5 of presents. Best of all, she was deeply touched and sroteful. English Class Volunteer Teacher Hand i Our preschool provides a nurturing and supportive environment for children aged 2 to 4, promoting early development and school readiness. We operate across two settings.. The Redeemed Worshlp Centre in Highflelds and The Oak Centre In Braunstone, servlng famllles In areas of hlgh need. The preschool places a strong emphasis on child development, holds Talk Matters accreditation, and is well recogni5ed in the community for its excellent support for chlldren wlth Speclal Educational Needs and Dlsabilities (SEND), "Children arrive to o warm welcome frorn the kind and nurturins staff. They show they feel safe and secure os they explore the well-resourced environment. When chlldren need reassUra￿e, Staff respond qulckly. They provlde cuddles and kind word5, whlch helps to build on children s sense of belonsing. Feedback from Ofsted reschool U d After nlneteen wonderful years of service to the local community and the privilege of caring for hundreds of children, our Hand in Hand Highfields setting will close on 11 th July. This difficult decision was made after it became clear that we were unable to secure a full staff team in time for reopening in September. We are deeply grateful for the dedicatlon of all the staff who have served at the setting over the years, to the many families who have entTUSted u5 Wlth their children, and to the or£ani5atTons who have partnered with us along the way. The preschool has built a strong reputation as a place of Safety, nurture, and excellence, and we are proud of all that has been achieved. Our preschool will continue to Serve the community through our Hand in Hand Braunstone setting, and we remain thankful for the ongoing opportunities to support local children and families a5 they grow, learn, and thrive. Our preschool VAII continue to Serve the communTty through our Hand in Hand Braunstone TRUSTEES. ANNUAL REpoKf FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES - CONTINUED setting. and we remain thankful tor the ongoing opportunities to suppott local chlldren and farn71ies a5 they grow, learn, and thrive. ACHIEVEMENTS AND PERFORMANCE The 2024125 year was marked by meanlngful milestones, expanded provision, and moments of community celebratyon demonstrating the continued impact of our work across both the Compassion Centre and Hand in Hand Preschool. These achievements were reflected In a number of key moments throughout the year. April - Thank You Nlght We hosted our annual Thank You Night to honour the contributions of our incredible volunteers and partners. The event celebrated the gener051ty and commitment that makes our work possible. July - Graduatlons We celebrated the achievements of our Hand in Hand Preschool chlldren as they graduated and prepared to begin the next stage of their educational journey. We also marked the progress of our Engllsh class students, who completed their year of study and showed meanlngful growth In both confidence and lan8ua8e skills. August - Fridge Donation A generous donation of 140 fridges from the Universlty of Nottingham signlflcantly boosted our abilTty to provide essentTal furniture to indivTduals and families in need. October - Run Lelcester An Tncredible 41 runners took part in Run Leicester, completing elther the 10KM or half marathon ta raise funds and awareness for our work. The event raised over £9,000 for Open Hands - a testament to the dedTcation of our supporters. Novernber - Expanded En81ish Classes We expanded our English language provision wlth the launch of Advanced Academlc English Language Skills classes. These sessions support students in developing key ski115 for higher education and employment, helping them build confidence and future opportunitie5. December - Love Chrlstmas Carnpaign In partnershSp with One Church LeTcester and Love Your Neighbour, we dellvered 221 Christma5 hamper5 to individual5 and famllie5 across the clty . sharing festlve treats and a me55age of hope during the winter sea50n. December - National Lottery Grant Awarded We were delighted to learn that we had secured a £147,800 grant from the National Lottery Communlty Fund (Reachlng Communities), to be received in phased payments over the next three year5. This significant investment will support the development of our volunteer programrne - enhancing administrative efficiency, strengthening comrnunications, improving training, and further strengthening the impact of volunteering at Open Hands, We are excited to begin thls new chapter of investment in transforming volunteering. March - 9,OOOth Furnlture Item Catalogued We catalogued our 9.OOOth piece of donated furniture a milestone that reflects both the scale of need in our community and the generosity of those who give. Although the total number of items delivered over the years is even greater, this figure highlights the breadth of practical support we've provided to individuals and famllles, helping to transform houses Into homes. Together, thesc moment" form part of a wider picture of impact. The following figiires nffpr snapshot of the scale and reach of our Services throughout the 2024125 year. TftUSTEES' ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTERI for the year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE - CONTINUED 2024-5 Highlights: Provided 3,302 hot meals through 'Pie Night,. Supported 3,070 people through our Emergency Food Store. Supplied 7,517 weeks. worth of free food. Assisted 148 households through our Soclal Supermarket. Supported 2,123 household5 wlth essential items. Delivered 773 7tems of furniture. Oelivered a year of academic English classes to 90+ indlviduals. Impact of Our Work A consultatlon conducted In early 2024 with 143 guests and volunteers highlighted the significant and rneasurable impact of our services, demonstrating strong alignment with our mlsslon. Meet Needs: 80% felt thelr practical needs were met 55% reported improved mental health Promote Dl8nlty: 78% felt heard 83% felt valued 75% reported Increased confidence Inspire Hope: 75% experienced a new Sense of purpose 70% felt more hopeful about the future Connect People". 84% felt more connected to others These outcomes underscore the transformative effect of our work - fostering connectlon, enhancing wellbeln8, and promoting d1gnity and hope. They also affimi that our approach remain5 responsive to the real needs of those we serve. Supporters and Partn•rs We are deeply grateful to all our volunteers, supporters, and partners. Your seneroslty, dedicatlon, and belief in our mission is what makes our work possible. Each year, our volunteers contribute over 17,000 hour5 of service. Thls Incredlble commltment directly enables Individua15 and familie5 to receive the support, dignityp and hope they need. To everyone who has shared their time, resource5, expertlse, or encouragement . thank you. Your support continues to transform Ilves and strengthen our community. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Open Hands Trust Is incorporated as a company lirDited by guarantee and 15 governed by its Memorandum and Articles of Association. These documents set out the charity'5 objectives, powers, and the rules for the appointment and operation of the Board of Trustees. TRUSTEES. ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT - CONTINUED Recruitment and Appointment of Trustees In accordance with the Articles of Association, one-third of the trustees Ithose who have served the longest) retire by rotation at each Annual General Meeting. Retiring trustees may be reappointed, and new trustees may be nominated from among Indivlduals who demonstrate a commitment to the charity's rnisslon, are willing to serve, and possess relevant skills and experience. The Board seeks to ensure that the range of skill5 and perspectTves on the Board supports the effective governance and strategic direction of the charity. Rlsk Manasement The trustees of Open Hands Trust are committed to the actlve identification, assessment, and management of risks that may affect the charity's operations, reputation, and abilTty to fulfil its mi5S70n. We ensure that appropriate controls and procedures are in place to provide reasonable assurance against fraud, error, and other operational or strategic challenges. The key risks identified from our risk regTSter include: 1. Safeguardlng Chlldren and Vulnerable Adults saf￿uardfin% remalns a top prlorlty. To ensure the safety and wellbeFng of vulnerable Indivlduals under our care, all staff and volunteers receive regular safeguarding tralnlng. Those Involved in regulated actlvity - as deflned by safeguarding legislation are subject to DBS checks, and we maintain robust safeguarding policies that are regularly reviewed and updated In Ilne with best practice and regulatory requlrements. Dedicated safeguarding officers are in place to oversee concerns and take prompt action when needed. Open Hand51s also a member of Thirtyone:elght, further strengthening our safeguarding framework. 2. Fénancial Resllfjence and Cash Flow Maintaining financlal stabllity and adequate cash flow Is vltal for the contlnuity of our seryice5. Key risks include shortfatls in fundlng and pressures on cash flow. We mitigate these risks through careful financlal planning, robust monitoring of reserves, and monthly cash flow review5. To reduce dependency on any slngle Income stream, we dlversify funding through grants, donor engagement, cornmunity fundraisin8, and partnerships. We also mainlaln clear flnanclal controls and engage regularly with supporters to encouraqe ongoing contrlbutlons. These 5trategles help to ensure long-term resilience and stability. 3. Shortage of Donated Items As a charlty that relie5 on donated good5 to meet essent7al needs, a decline in donations poses a 518nificant risk. To mitigate thi5 risk, we rnaintain relationship5 Wlth multiple suppliers and partners, run targeted donation campaigns, regularly assess our Inventory to proactively anticipate shortages, and maintain a buffer stock of core essentTals where possible. We also engage donors through regular updates and feedback to malntain their connection and support. The trustees are committed to the regular review and development of risk manageTnent strategies to ensure the charity's ongoing resilience. By malntaining oversight and adapting policies as needed, we strive to safeguard our assets, staff, volunteers, and beneficiarie5, ensuring Open Hands Trust continues to operate within a secure and responsible framework. FINANCIAL PERFORMANCE AND POSITION The financial statements for the year reflect our ongoing commitrnent to the responsible and transparent stewardship of resources. We strive to ensure that every donation, grant, and contrlbution is used effectively and efficiently to maxirnise our irnpact and advance our charitable objectives. TRUSTEES, ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 FINANCIAL PERFORMANCE AND POSITION - CONTINUED Throughout the year, we have continued to manage our finances prudentlyj monitoring income and expenditure closely and aligning spending with strategic prioAties. Our financial posltion remains stable, and we are actively worklng to strengthen our reserves to enhance long.term sustainability and resilience. To support thls, monthly financial figures are shared with management and trustees, accompanied by a detailed finance report. Thls report includes key headlines, financlal analysi5, and the status of outstanding funding applications. This regular financial oversight ensures informed decision-making and accountability acros5 the organisation. Charitable Actlvitles and Preschool Accounts Open Hands Trust operates with two dlstinct financlal accounts: one for the Compa5s5on Centre and another for the Hand in Hand Preschool. Thls financial structure ensures a clear separatlon of funds, supporting accurate tracklng, accountability, and reporting across the charity's dlverse areas of work. It enable5 the Trustees to ensure that income is applied in accordance with donor intentions and funding requirements, and that expenditure is appropriately monitored within each operational area. Com assi n Centre Account This account is designated for the services delivered through the Compasslon Centre, including the provision of essentlal Items, access to low.cost essentials, skills training? and volunteering Opp￿tU nities. Funds held In this account are used exclusSvely to support individuals and fam711es In need. This ensures that all funding received for these charitable activities Is allocated wlth transparency, integrityi and in accordance with Its intended purpose. This account IS specif ically desTgnated for the operations of Hand in Hand, our early years education settlngs, It ensures that all financial resources allocated for the preschool are used solely to provide high-quality nursery education for children aged 2 to 4 years. By maintaining thls account separntely from the Compa5$1on Centre account, the Trustees ensure that preschool fundlng is managed independently and does not Impact the financial resources allocated to other charltable activities. This financial separatlon enhances our ability to report accurately on the use of funds, ensuring transparency and accountability to our funder5, donors, and the wider communlty. It a150 enables u5 to meet the specific requirements and expectations of each fundlng source, thereby maintalning the trust and continued support of our diverse stakeholders. Flnanclal Rwllew of the Compasslon Centre The 2024125 financial year presented signlflcant challenges for Open Hand5, Compassion Centre. Economic pressures, including the ongoing C05t-of-Living Crisis, impacted both our income streams and the demand for our 5ervice5. The rlslng cost of food and other essentla15 also reduced the purchasing FK)wer of our budget. Although small monthly deficit5 against expenditure were initially expected - allgned with our planned deficit budget - careful financial oversight and timely income from key donor5 and grants resulted in a year-end surplus. Thi5 Outcome is a testament to both the resilience of our financial planning and the generosity of our 5upporter5. Total income for the year was £287,883, which exceeded our original budget projection5. This uplift was largely due to several significant donation5, successful grant applications, and income from Charitable trust5 and foundatlons. This support played a vital role in enabling u5 to maintain our core services and respond to increased demand. TRUSTEES, ANNUAL REpoirr FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 PAarch 2025 FINANCIAL PERFORMANCE AND POSITION - CONTINUED Expenditure totalled £297,774, reflecting both the operational demands of our services and the increased costs a550ciated with supporting more individuals and families. In addltion, the cost of malntalnlng our building has risen dLJe to the commencement o15erwce contracts now requlred lui ongoing maintenance, Inspections, and compliance . expenses that were not present during the initial period following the building'5 renovation. Thanks to the faithful support of our community and our commitment to careful financial stewardship, we were able to meet our immediate operational needs. Looking ahead, we remaln focused on strengthening our financial resilience by Increasing reserve levels. Doing so will help us to navigate future uncertainties and ensure the long-teim sustainability of our mission. In concluslon, whlle the year brought financial strain, it also hTghlighted the strength of our planning, partnerships, and shared purpose. The Trustees remain committed to securing a stable financial future for the Compassion Centre, enabling us to contTnue delivering vital support to those who need It mst. Grant Acknowledgernents Open Hands is grateful to have received generous support from the following funders and trusts during this financial year. Thelr contributlons have played a vltal role in enabllng us to contlnue and expand our work 7n the community.. Funder Pur Department for Digltal, Culture, Media & Food Sport {DCMS), facilitated by Reachlng ose Arnount Recelved £19,550 Souter Charitable Trust The Ed ar Milward Charit The Garfield Weston Foundation The Hearth Foundation The National Lottery Communlty Fund: Awards for All The National Lottery Community Fund: Reachirn Communitles Pro 'ect Runnin Uns ecified Core Costs Uns eclfied Food Project Costs £1.500 £500 £20 000 £10 000 £20,000 Transforrning Volunteering £26,762 We a150 continued to beneflt from a Natlonwlde Community Grant awarded In 2023, whlch played a valuable role In sustalnlng and strengthening our furnlture provlslon throughout this reporting period. We deeply appreciate all the funders listed above for their commitment to our mission and thelr confldence in the impact of our work. Their support has helped us to deliver essentlal services, respond to increasing need, and plan more sustainably for the future. Additlonal Thank You Acknowledgement5 We would like to thank every individual and organisation who supported our work in 202415. The generosity and commitment shown by our communlty has been especially valued durfng challenging economlc period that continues to impact not only those we serve but atso many of our supporters. Whether through volunteering time, donating items, providing financial C￿tribUtIOns, offering prayers, raising awareness of our work. or collaborating with us a5 reterral partners, every act of support has made a tangible difference. Your involvement has enabled us to continue delivering our servTces and offering hope to those who need it m05t. Thank you for standing viith us. io TRUSTEES, ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 FINANCIAL PERFORMANCE AND POSITION - CONTINUED Thank you Specifically to the followlng organisations: Abbey Mead Primary Academy Arnold Wills & Co Ltd Asda Abbey Lane Superstore Asda Oadby Superstore Avantl Fields School Avenue Communlty Church AXA Health Barratt t)evelopments PIC Bethel Church Wig5ton Birstall Guides Bosworth Academy Brook Mead Academy CarLey Evangellcal Baptlst Church Castle Mead Academy Catherine Infant School Central Baptist Church Centrica Clarendon Park Congreqatlonal Church Claybrooke Magna PCC Co-op Fleckney Co-op London Road Community Payback Dawoodi Bohra Muslim Communlty Earl 5hilton Bullding Society Fernvale Primary School Fleckney New Life Church Friends of Open Hands Fosse Mead Primary Academy God's Nation Church GOOD NEWS for Everyonel Goodwood Evangellcal Church Hastlngs Dlrect Holy Trinity Hinckley HSBC Humberstone Infant Academy Humberstone Junior Acaderny Hun5 Vegan Kestrel Mead Primary Academy Kibworth Mead Academy KingsGate Community Church Lelcester Klngsway Prlmary School Knighton Free Church Knighton Mead Primary Academy L2D Limited Lelcester City Council Leicester Community Advice & Law Centre (LCALC I Leicester Preparatory School and Nursery Leicester Wholefood5 Life Abundant Pentecostal Church Loughborough Students, Union Love Your Neighbour LUtte￿Orth College Merrydale Infant and Junior School Mu5ton Garden5 Nationwide NEXT North Evington Free Church North Mead Primary Academy Oadby Evangelical Free Church One Church Leicester Orchard Mead Academy Passion Healthcare Ltd. Pukka Pies Pure Table Top Reachlng People Rotary Club of Lelcester Rotary Club of Leicester Novus Rowlatts Mead Primary Academy Rowley5 Run Leicester & all our runners Rushey Mead Academy Sainsbury's Fosse Park Superstore Sainsbury's London Road Local Scraptoft Valley Primary School Selfridges Shoe Zone Slsters of St. Joseph of Peace Smeeton We5terby: Christ Church Souter Charitable Trust 5t. Barnabas C of E Primary School St. Catharine's Church, Houghton on the Hill St. Christopher's Church St. Franc15 Prlmary School St. Guthlac's Church St. Luke's C of E Primary School St. Margaret's Church St. Mary's Church (Humberstone) St. Theresa's Roman Catholic Church St. Wllfrid's Klbworth Taylor Wimpey East Midlands The Access Group The Chapel Centre The Department for Dlgltal, Culture, Media & Sport IDCMSI The Edgar Milward Charity The Garfield Weston Foundation The Hearth Foundation The Mead Educational Trust The National Lottery Communlty Fund The Oak Centre The Univer51ty of Leicester Midwifery & Nursing department The Well Kibworth The Win5tanley School The Wygge5ton Lodge Thurnby Mead Primary Academy Tudor Grange Samworth Academy Tugby C of E Primary School Universal Textiles Univer51ty of Nottinsharn Wigston Academy Willowbrook Mead Primary Academy Wilten Construction li TRUSTEES, ANNUAL REpoKf FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 FINANCIAL PERFORMANCE AND POSITION - CONTINUED Financial Review of the Preschool Tlie 202412fJ liiidllLldL yvdl Was lildi ked LJY a iiurTiber uf fiiidllLlal pre55ures for Hand In Hand PreschooL, most notably the increase in the national minimum wage, which led to a rlse in staffing costs and placed added strain on overall expenditure. In addition, fluctuations in pupil headcount created uncertainty around fee income, raising concerns about potential cash flow challenges at varTOUS points during the year. However, through careful financial oversight, responsive budget management, and the timely use of existing reserves. these pressures were effectively mitigated. As a result, the preschool was able to malntain flnanciaL stability and meet all of its operational and financTal obligatTon5 throughout the year. Total income for the preschool for the year was £232,319, expenditure totalled £217,866. The Trustee5 remaln focused on ensurlng the ongolng financial health of the preschool. Regular financial monitoring and prudent planning wlll continue to be key prSorttles in the year ahead. Reserves Policy The Trustees of Open Hands Trust have adopted a reserves pollcy that requlres the Charlty to hold unrestricted reserves equivalent to three months of operating expendlture. This policy is deslgned to ensure that, in the event of a significant reduction in income, the Charlty is able to continue operating for a minimal period whlle alternatlve fundlnq Is sought. The level of reserves is monitored regularly in light of income and expenditure pattern5, and the policy itself Is revlewed annually as part of the budgeting process. We are actively working to build our reserves further. Strengthening our reserve5 is essential to improve flnancial resilience, safeguard the continuity of our servlces, and ensure we can respond effectively to unforeseen challenges. The Trustees remaln cornmitted to Sound financial effectively to unforeseen challenges. The Trustees remain committed to Sound financial management and strateglc planning to secure the long-term sustainabillty of Open Hands and the cornmunitie5 we serve. Total unrestricted rese￿eS at 31 March 2025 £316,162 (2024.. E335,535} and the restricted reserves at 31 March 2025 £73,320 (2024: £49,385) as shown on the Balance Sheet. £264,218 relates to tsnglble fixed assets. Publlc Beneflt The trustees conf1rm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commi55ion's guidance on publlc benefit. All our essential seNices are designed to benefit indlvTduals experienclng poverty, housing insecurity, or social exclusion. In line with our charitable aims to relieve poverty and f inancial hard5hipi promote and preserve good health, advance educatlon, and support those facing addiction, distress, or deprlvat70n we provide essential items. skil15 trainingi and volunteering opportunities to those in need. Our preschool promotes the education of young children, laying a strong foundation for Ilfelong learning and helping to reduce disadvantage from an early age. Future plans We will continue to deliver and strengthen our core service5, ensuring consistent support for those experiencing homelessness and housing insecurity. Alongside this, we are preparing to pilot a new, co.delivered initiative 7n partnership with Actlon Homeless (RCN 702230), One Roof Leicester (RCN 11590181, and Leicester's Homelessness Charter.. the Home E55entia15 Hub. This project 15 designed to SUPPOrt people movTng from homele55ness into permanent housing by providing everything 12 TRUSTEES, ANNUAL REPORT FOR OPEN HANDS TRUST (LEICESTER) for the year ended 31 March 2025 FINANCIAL PERFORMANCE AND POSITION - CONTINUED Future plans continued needed to make a home Including fumiture, carpets, decorating support, and kitchen starter packs. The pilot aims to assist 50 ind5vSduals over 12 month5, building on the strengths of existing resettlement services and helping to reduce repeat homelessne5S through a blend of practical support and tailored guiéance. We will also be growing our connections wlth local support and advlce agencle5 to enhance our drop-in mornings, enabling us to offer a broader range of support and guidance to our guests. This 11 include access to specialist services coverlng debt advlce, budgetlng Support, housin8 and tenancy issues, and other key areas affecting people experiencing homelessness or housing insecurity. In addition, we aim to work more closely with education and training providers to support guests in explorln8 opportunities for learnlns, skills development, and employment. By bringing multiple services together in one accessible setting, we hope to offer more holistic, person-centred support that meets a wide varlety of needs. 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 95and slgneé on its behalf by: RevD ind - Trustee 13 Independent Examiner'5 Report to the Trustees of Open Hands Trust ILeicester) Independent Exarniner'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 Cornpany for the period ended 31 March 2025 which are set out on pages 15 to 31. Responsibilities and basis of report As the charity trustee5 of the Company land 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 Cornpanles Act 20061'the 2006 Act. I Havlng satisfied myself that the accounts of the Company are rK)t 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 company's accounts as carrled out under section 145 of the Charities Act 2011 I'the 2011 Act.). In carrylnq out my examination I have followed the Direction5 given by the Charity Commisslon under section 145(5l 24,685 4,562 {11,0371 Transfers between funds 19 750 {750) Net movement between funds 119,373) 23,935 4,562 111,037) Reconciliatlon of fund5 Total funds brought forward 335,535 49,385 384,920 395,957 Total funds carrled forward 19 316.162 73,320 389,482 384,920 CONTINUING OPERATIONS AIL income and expendlture has arisen from continuing activities. The notes on pages 14 to 31 form part of these flnanclal Statements. 15 Open Hands Trust {LeTcester) (Regtstered number: 05903490) BALANCE SHEEr ASAT 31 MARCH 2025 31.03.25 31.03.24 Note Flxed Assets Tanglble assets Investments 13 14 264,218 302,569 30 ,57 Current Assets Debtors Stock Cash at bank and in hand 15 5,526 826 146,345 9,8Z7 90,418 100,245 Llabllltles Creditors". amounts falling due wlthin one year 16 27,433 17,895 Net Current A$5ets 125,264 389,482 82,350 384,920 Total Assets less Current Llabllities NET ASSErs Funds Unre5trlcted funds Restricted funds Total Funds 19 316,162 73,320 9,482 335,535 49,385 4,920 The charitable company Is 8ntitl8d to exemption from audit under Section 477 of the Companies Act 2006 for the peri¢Jd ended 31 March 2025. The members have not requlred the company lo obtain an eudlt of Its flnanctal stat8rnenls for Ihe period ended 31 March 2025 in a¢¢ordance with Section 476 of the Companles Act 2006. The trustees acknowledge thelr responsibilities for (a) ensuring that the charltable company keeps accounting records that compty with s8ckn.ons 386 and 387 of the Companies Act 2006 and {b) preparing flnancial statements which give a true and falr view of the state of affairs of the charltable company as at Ihe 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 wSth the requirements of the Companies Act 2006 relating to financial statements. so far as appllcable to the charitable company. These financial ststemenls have been prepared in accordance with the provisions applicable to charitable companies subject to Ihe small companies reglme. The finan ial slal ments were a ved by the Board of Truste&s and authorised for issue on wer signed on ts behalf by.. Rev D Hind Trustee The notes on pages 14 to 31 form part of these financial statement5. 16 Open Hands Trust {Lelcester> STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Year to 31.03.25 15 months to 31.03.24 Note Cash flow from operatin8 actlvltles Cash generated from operations 57,023 17,216 Net cash provided by operating activltfes 57,023 17,216 Cash flow from Investing artlvftles Purchase of tangible fixed assets Interest received Investment written off (1, 573) 476 145,249) 623 Net cash {u5ed In)IproYlded by Investlng actlvltles {1,096) 144,626) Change In cash and cash equlvalents In the reporting perlod Cash and cash •qulvalents at the beglnnlng of the reportlng perfjod 55,9Z7 90,418 127,410) 117,828 Net cash flow from ffnandn8 activitles 146,345 90,418 1 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Net Income for the reportlng perlod (a5 per the Statement of Flnandal Activltles) 12 months ended 31.03.25 4,562 15 months ended 31.03.24 111,0371 Net fncrease/ldecrease) In cash and cash equlvalent5 Adjustmanls for: Depreclation charges Interest received Increase in stock Decreasel{increase} in d8btors Increasel(decrease) in credilors 39,924 1476) (8261 4,301 9,538 60,418 {6231 1,130 (32,672) Net cash provlded by operatlons 57,023 17,216 2 ANALYSIS OF CHANGES IN NET FUNDS At 1.04.24 Cash flow At 31.03.25 Net cash Cash at bank aThJ in hand 90,418 55,927 146,345 Total 90,418 55,927 146,345 17 Open Hands Trust (Lefcester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 ACCOLINTINC. pni Ir.IFS Basis of preparing the financial statefflents The financlal statements of the charltable company, which is a public benefit entity under FRS102, have been prepared in accordance vAth the Charitle5 SORP (FR5102} 'Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 ieffectlve 1 January 2019)., and the Companies Act 2006. The financial statements have been prepared under the historic cost convention, with the except70n of Investments ￿lCh are included at market value. Open Hands Trust (Lelcesterl is a private c(Jnpany limited by guarantee registered in England and Wales. The address of the registered office Is glven In the charity inforfflation on page 1 of these financial statemènts. The s18nificant accounting policie5 applied in the P￿paratiOn of these financial statements are set out below. These pollcles have been conslstently applled to all years presented unless otherwise stated. Preparation of consolldated flnanclal statements The financTal statements contain Infonnatlon about Open Hands Trust (Leicester) a5 an 7ndivtdual cornpany and do not contaln consolidated finandal Informatlon as the parent of a group. charbty Is exempt under Section 399(2A) of the Companles Act 2006 from requirernents to prepare consolldated financial statements. Income All income Is recognised in the Statement of Financial ActiYStles once the charfty has entitlement to the funds, It Is probable that the Income will be received and the amount can be measured reliably. Expenditure Liabilitles are recognised as expendlture as soon as there is a legal or constructlve obllgation committlng the charity to that expenditure, Tt is probable that a transfer of economic beneflts will be requlred in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cLasslfied under headlngs that aggregate all c05t relatin8 to the category. Where cost cannot be directly attributed to partlcular headings they have been allocated to actlvltles on a bas15 consfstent with the use of resources. Tangible flxed assets It is policy that monie5 received relating to buTlding and capital projects are transferred to unrestricted funds once the bullding works and projects have been achieved. DeprecTation is provided at the following annual rate5 in order to write off each asset over Its estimated useful life. Improvements to property Plant and machinery Fixtures and fittin85 Motor vehicles 10% on cost pa 25% on cost pa 25% on cost pa 25% on cost pa Taxation The charity is exempt from corporation tax on its charitable activities. 18 Open Hands Trust (Leicester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 ACCOUNTING POLICIES - CONTINUED Fund Accountlng 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. Hlre purchase and leaslng commitments Rentals paid under operating leases are charged to the statement of Financlal Actlvltles on straight Ilne basis over the period of the lease. P•nsfon Cost5 and other post retlrement beneflts The charity operates a deflned contribution pension scheme. Contrfbutions payable to the charitable company's pension scheme are charged to the Statement of Flnanclal Actlvitie5 In the perlod to which they relate. Debtors and credltors recelvablelpayable wlthfn one year Debtors and creditors are stated at transaction price. Cash and cash equivalents Cash and cash equlvalents comprise cash on hand and cash on deposlt. Investments The investment in the wholly owned subsldiary* Cornpasslon in Action Leicester Llmlted, 55 Included at cost. Going Concèrn The flnancial statements have been prepared on a golng concern basls. The trustees have assessed the charity's financial position and have a reasonable expectation that the charity has adequate resources to continue in operationaL exlstence for at least 12 months frrjn the date of approval of these financlal statements. In reaching this concluslon, the trustees have considered the level of reserves held, the forecasted income and expendlture, and the on80in8 financlal commitments of the charlty. Based on the approved budget and antlcipated fundlng and actlvlties, the trustees are satisfied that there are no material uncertainties that cast slgnlficant doubt on the charlty's ability to continue as a golng concern. Stock Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost5 of conversion and other costs incurred in bringin8 Stock to it5 present location and condition. Cost is calculated using the first-in, first- out formula. Provision is made for damaged, obsolete and 51ow-moving stock where appropriate. 19 Open Hands Trust (LeTcester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2 D014ATIONS AND LEGACIES Year ended Perlod ended 31.03.25 31.03.24 Glvln85 Glft aid Legacles Income from subsldlary Grant fncome 171,298 6,030 182,906 7,496 104,062 81,39 186,081 376, 3 INVESTMENT INCOAIE Year ended Perlod ended 31.03.25 31.03.24 Deposit account Interest 476 623 Of total Income froffl Investments £433 (2024: £352) was unrestrlcted and £43 12024: £271) was restrlcted. 4 INCOME FROM CHARITABLE ACTIVITIES Year ended Perlod ended 31.03.25 31.03.24 Hand In Hand Pre-school Open Hands 232,276 6,060 238,336 230,444 12,760 243,204 20 Open Hands Trust (Lelcester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 M4RCH 2025 5 CHARITABLE ACTIVITIES COSTS Support Direct Costs Costs Isee note 6) (see note 7) Totals Hand In Hand Pre-school Open Hands Support costs 217,866 232,480 217,866 232,480 65,293 65,293 450,346 65,293 515,639 6 DIRECT COSTS OF CHARITABLE ACTNITIES Year ended 31.03.25 Perlod ended 31,03.24 Staff costs Charltable givinqs Small furniture and repair5 Catering c05t5 Craft5 and resources Rent Inwrance Toy5 and books Sundrles Statlonery, p05taqe and telephone Staff expenses Training Professional fees Catering, consumables and sundries Light and heat Repairs and renewals 6 Degrees Costs 297,919 288 303 1,443 834 62,467 1,388 5,771 1,407 1,140 3,068 5,106 70 34,897 17,478 5,796 10,971 4￿,346 352,605 360 227 1,467 964 76,802 1,512 6,107 1,344 1,360 3,264 7,231 70 35,687 19,686 6,750 37,424 552,860 7 SUPPORT COSTS Governancè Costs Flnance Other Totals Support Costs 8 NET INCOMEI(EXPENDITURE) The total fee paid to the independent exarniner was E3,34212024: £2,970) which wa5 for the independent examination, 1.245 60,706 3.342 65.293 21 Open Hands Trust (Lelcester) NOTES TO THE FINANfiAI STATFMFNTS FOR THE YEAR ENDED 31 MARCH 2025 9 TRUSTEES. REMUNERATION AND BENEFITS There were no tru5tee5' remuneratlcm or other beneflts for year ended 31 March 2025 nor for the period ended 31 March 2024. Tru5tee5' expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. 10 STAFF COSTS Year ended 31.03.25 Perlod ended 31.03.24 Salaries and wages Social 5ecurlty costs Pension costs 276.665 12,859 8,395 323,450 14,196 14,959 The average number of persons employed by the charlty durlng the year was as follt)ws: Year ended 31.03.25 Number Period ended 31.03.24 Number Open Hands Hand in Hand Preschool 12 19 io 17 No employees received total employee beneflts (excludlng ernployer pensitjn costs) of more than £60,CW. 22 Open Hands Trust (Leicester NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre5trlcted Funds Restricted Funds Total Funds INCOME AND ENDOWMENTS FROM Donations and legacles 208,256 168,227 376,483 Charltable actlvltles Hand in Hand Preschool Open Hands Investment income 230,444 230,444 12,760 623 12,760 352 271 Total 221,368 398,942 620,310 EXPENDITURE ON Charltable artivltles Hand In Hand Pre-school Open Hands Support Costs 236,439 173,431 236,439 316,421 78,487 142,990 78,487 Total NET INCOMEI{EXPENDITURE) (109> {10,928) (11,037 Transfers between funds Net movement In funds 1109) (10,928> (11,037) RECONCILIATION OF FUNDS Total funds brou8ht forward 335.644 60.313 395,957 TOTAL FUNDS CARRIED FORWARD 335,535 49,385 384,920 23 Open Hand5 Trust (Lelcester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12 ANALYSIS OF INCOME AND EXPENDITURE Year erlded 31.03.25 Year ended 31.03.25 Period ended Period ended 31.03.24 31.03.24 Open Hands Income Total 8ivln8 includlng Gift Aid Income from subsldiary Grants Income from Charltable actlvttles Investment income 1TI,328 190,402 104,062 6,060 433 ,883 186,081 12,760 35Z 389,595 28 nditure Project costs Staff costs Property Costs Travel & transport costs Offlce Costs Depreciatlon Profe55ional fees & bank charges 6 Degree5 C05t5 Investment written off 34,897 129,737 57,433 4,248 3,553 39,924 17,010 10,971 35,687 176,073 67,911 5,095 4,273 60,418 8,027 37,424 297,774 394,908 {DeficTtI Open Hands 19,891) {5,313) Year ended 31.03.25 Year ended 31.03.25 Period ended Period ended 31.03.24 31.03.24 Hand In Hand Preschool Income Fee Incorne Investment income 232,276 43 230,444 271 23Z,319 230,715 nditure Running costs CharitabLe GTVTngs Staff cost5 Travel and tran5POrt costs Property costs OffTce costs 9,902 144 176,323 33 28,800 10,108 360 186,960 69 36,000 2,942 217,866 236,439 IDefTCit) - Hand in Hand 14,453 (5,7241 24 Open Hands Trust (Lèicester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 TANGIBLE FIXED ASSETS Fixture5 and flttln85 Improvernents to property Plant and rnachinery Motor vehlcles Total Cost At 31 st March 2024 Additions Dlsposa15 At 31st March 2025 395,303 41,980 1,363 20,160 210 22.661 480,104 1,573 395,303 2,661 481,677 Depreclatlon At 31st March 2024 Charge for the year At 31 st March 2025 92,734 39,530 2,264 41,980 341 ,321 20,160 53 20,213 22,661 177,535 39,924 17,459 2,661 Net book value At 31 st March 2025 263,039 1,022 157 264,218 At 315t December 2024 302,569 302,569 14 FIXED ASSET INVESTMENTS Shares In group undertaklngs hiARKEf VALUE Investment at 31 March 2024 Investrnent written off 11) Nrr BOOK VALUE At 31 March 2025 At 31 March 2024 There were no Investment assets outside the UK. The companrfs investments at the balance sheet date In the share capital of companles Include the fLAlowlng: Compa55i0n In Actlon L•lcKter Llmlted {Company Number 10587115) Registered office: United Kingdom Nature of business: Restaurant and Café. Pr￿S1On of furnlture Class of share: Ordlnary Holding 100 31.03.25 31.03.24 (7,0631 (lo,9￿) Aggregate capital and reserves (LossllProfit for the year An appllcation to strike off Compassion in Action Leicester Limited was made on 8 August 2024. As a result, the assets and liabilities of Compassion In Action Leicester Llmlted were transferred to Open Hands Trust {Leicesterl. The company was dissolved on 5 November 2024. 25 Open Hands Trust (Leice5terl NOTES TO THE FINANCIJI., STATFMFNTS FOR THE YEAR ENDED 31 MARCH 2025 15 DE8TORS 31.03.25 31.03.24 Due within one year: Trade debtor5 Other debtors Prepayments and accrued income 770 4,708 7,793 2,028 16 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.25 31.03.24 Trade credltors Social securlty and other taxe5 Other credltors Accrual5 and deferred Income 12,694 3,815 463 10,461 3.565 1.775 1,582 10.973 17 LEASING AGREEMENTS Mlnlmum lease payments under non-cancellable operatlng leases fall due a5 follows; 31.03.25 31.03.24 Within one year Between c￿e and five years In more than ffve year5 34,630 172,500 34,020 134,130 61,417 18 ANALYSIS OF NET Assrrs BY FUND Gener41 Funds Re5trlcted Fund5 Total Funds 31.03.25 Total Funds 31.03.24 Fixed Assets Current As5et5 Current Liabilities 264,218 78,461 126,517) 316,162 264,218 152,697 127,4331 389,482 302,570 100,245 (17,895) 74,236 {916) 26 Open Hands Trust {Leicester} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 19 MOVEAIENT IN FUNDS Net movement In funds Transfers between funds At 31.03.Z4 At 31.03.25 Unrestrlcted funds General 335,535 (20,123) 750 316,162 Restrlcted fund5 Hand in Hand Preschool Acts of Kindness DCMS December Nationwide Comrnunity Grant Reaching Communities NLCF: Awards for All 18,753 97 6,4tKi 24,135 14,453 197) (6,400) (24,135) 19,364 33,21)6 19,364 20,OL Gift for Potatoe5 One Church for 6D Access Foundatlon 750 750 750 24,685 17501 1750) 49,385 73,320 TOTAL FUNDS 384,920 4,562 389,482 Net movement in funds, Included in the above, are as follows: Incomlng Resources Resources expended Movement in funds Unrestrlcted funds General fund 215,071 (235,194) 120,123) Restrlcted fund5 Hand in Hand Preschool Acts of Kindness DCMS December Nationwide Communlty Grant Reaching Communltles NLCF: Awards for All DCMS Gift for Potatoes One Church for 6 D Access FO￿datI 232,319 (217,866) {97) (6,400) (24,135) (7,398) 14,453 1971 {6,4001 124,135) 19,364 20,orx) 26.762 20,1]00 19,550 750 (19,550) 750 (5,IXM)) 750 305,131 520,202 750 24,685 {280,446) (515,640) TOTAL FUNDS 4,562 Transfer5 amounting to £750 were made from unrestricted fund5 to restricted to cover the overspend in those funds. 27 Open Hands Trust (Lelcester) NQTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 MOVEMENT IN FUNDS . CONTINUED Comparatives for movement In funds Net movement In funds Transfers between fund5 At 1.1.23 At 31.03.Z4 Unrestrlcted funds General 335,644 {109 335.535 Re5trkted funds Hand in Hand Preschool Acts of Klndness The National Lottery Community Fund Open Hands Building Project Asda Foundation: Cost of Llvlng Grant TNLCF: Awards for All Maud Elklngton Charltable Trust DCMS B&Q Foundati LCC Covid-safe Communities Fund LCC Susta?nable Travel Grant Nationwide Community Grant Acce55 Foundation 24,477 {5,7241 97 18071 (15,6901 (4001 19,4741 11,500) 2,517 12,750) 1881 11,2441 24,135 18,753 97 807 15.690 4fXi 9,474 3,883 2,750 1,244 24,135 60,313 (10,9281 49,385 TOTAL FUNDS 395,957 111,037) 384,920 Net movement in funds, Included in the above, are as follows: Incoming Resources Resources expended Movement in funds Unrestricted funds General fund 221,368 1221,4771 (109) Restrlcted funds Hand In Hand Preschool Individual restricted for 6D Indicidual restricted for English Classes Acts of Klndne5S MS Nationwide Cornmunlty Grant CCLF One Church for 6D 230,715 2,146 800 150 31,700 30,874 50,956 30,1K 1236,439) 12,146) 1800) 1531 129,1831 16,7391 150,956> 130,000} (5,724) 97 2,517 24,135 28 Open Hands Trust (Leicester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 AIOVEMENT IN FUNDS - CONTINUED Net movement in funds - continued Incomlng Resources Movement Tn Restrfcted funds contlnued Asda Foundatlon: C05t of Living Grant Feeding BritaTn George Ernest Elli5 Access Foundation Charity Llnk Julia and Hans Rausing Trust Love Your Neighbour: Love Christmas (via OC) The Natlonal Lottery Communlty Fund Edlth Murphy Foundation LCC Sustalnable Travel Grant Open Hands Building Project TNLCF: Awards for All Maud Elklngton Charitable Trust B&Q Foundation VAL Safe Communities Fund 700 1,5t)J 1,0 938 500 2,578 1,c¥Ja 9,013 11 100 1,5LK)) 11,(XJ)> 1938> 1500} (2,578) {l,c￿lI 19,820} 13,0(Kll 12,6161 115,690> (9,474) (1,5001 12,750) (88) 1409,870> 14(NJ) 1807 1,372 11,244) {15,690) 19,474) 12,750) 188) (10,928) 398,942 TOTAL FUNDS 620,310 (631,347} (11,037) 29 Open Hands Trust (Leicester) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IA4RCH 2025 19 MOVEMENT IN FUNDS . CONTINUED Restricted fund5 Asda Foundatlon C05t of Llvlng Grant Grant to help wlth utility costs Hand In Hand Preschool The char7ty received fund5 to a5S1St with the operatlng of the pre-school. Act5 of Klndness Gifts given to bless Individuals wlth Acts of KTndnes5. DCMS (facllltated by Actlon Homeless and Reachlng People) Grants given for the provision of food Nationwlde Community Grant A Nationwlde Communlty Grant speclflcally to asslst with paying the Salary of the furnitLtre mana8er. The Natlonal Lottery Communlty Fund (TNLCF) The charlty received funds from a National Lottery specifically to a5S15t with supporting the compas51on and sUPPtxt centre Glft for potatoes Gift from an indfvldual to provide potatoes for the Ple Night a year One Church Gift from One Church to assist wlth the wlndlng up of C¢Jmpassion In Actlon Ltd B&Q Foundatlon Grant 87ven for maintenance and decoratlng LCC Covid - Safe Communftles Fund Grant frorn VAL towards cleaning and EnqlTsh class teaching supplie5. LCC Sustainable Travel Grant Grant for the provision of a bike rack. Alaud Elkln8ton Charltable Trust Grant glven towards installation of a lift 30 Open Hands Trust recelved £32,800 {2024: £42,650) donation from this charity. Also during the period costs of £10,391 12024: £18,821) have been recharged from One Church Leicester in relation to admin15tration and accounts costs. One Church Leicester gave £NII12024: £25,000) In restrfcted fund5 to Open Hands In relation to the surrender of the lease of 108 London Road, Lelcester. Hand In Hand preschool pald £28,800 {2024: £36.OC¥)I In rent to One Church Lelcester. Donatlons received In the period from the subsldlary, Ccynpasslon In Actlon Leicester Limited, totalled ENil (2024: £Nill. The charity leased a property at an annual cost of £20,000, and an additionat £Nil wa5 pald to 31 March 2025 (20Z4: £5,0￿1 and formally 5ub-let$11 to the subsidiary company for the Same amount. Open Hands Trust (Lelcester) paid £ Nll (2024: £15,500) towards the rent paid by Cornpa551on In Action Leicester Limlted. Amount owed by Compassion in Action Leicester Limited at balance sheet date £Nil12024: £7,063). The balance of £7,063 was written off durin8 the year in Open Hands Trust ILeicester>. 31 Open Hands Trust {Lelcester) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.03.25 31.03.24 Donatlons and legades Giving Gift Aid Legacy Income from subsidiary Grant5 171,298 6.030 182,906 7,496 104,062 81,390 186,081 376,483 Investment incornè Deposit account Interest 476 623 Charltable aCti￿tIeS Hand in Hand pre.school Open Hands 232,276 6,060 238,336 230,444 12,760 243,204 Total incomlnR resources 520.202 620,310 EXPENDITURE Charltable actlvities Staff salaries Social security Pen51ons Charitable giving5 Small furn?ture and repalrs Caterln8 Costs Craft and resources Rent Insurance Toys & books Sundries Stationery, postage & telephone Staff expenses Tralning Professional fees Catering, consurnables and sundrles Light & heat Repairs & renewals Support of 6 Degree5 and termination of lease 276,665 12,859 8,395 288 303 1,443 834 62,467 1,388 5,771 1,407 1,140 3,068 5,106 70 34,897 17,478 5,796 10,971 323,450 14,196 14,959 360 227 1,467 964 76,802 1,512 6,107 1.360 3.264 7,231 70 35,687 19,686 6,750 37,424 450,346 552,860 Support Costs Flnance Bank charges 1,245 1,245 1,586 1,586 32 Open Hands Trnst (Lelcester> DrrAILED STATEMENT OF FINANCIAL ACTNrriES FOR ThE YEAR ENDED 31 hlARCH 2025 Costs of ralslng funds Costs of raising funds 8,713 8,713 Other Insurance Postage & statlonery Sundries Repalrs and renewals Legal fee5 Depreclatlon of tangible flxed assets Investment wrltten off 2,947 3,553 282 4,740 547 39,924 3,224 4,273 248 5,768 60,418 51,994 73,931 Governance Costs Independent examinatlon 3,342 2,970 Total resources expended 515.640 631,347 Net income 4,562 111,037) 33