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2023-08-31-accounts

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

Registered number: 10156422 Charity number: 1175512

HAND OF LTD

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2023

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charitable company, its Trustees and 1
advisers
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 25

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 AUGUST 2023

Trustees

A C Wright

D M Ashbourne

S E M James

K L Joel

N Iqbal C S Adoo

R A Purvis, Chair

Company registered number

10156422

Charity registered number

1175512

Registered office

9 Akenside Hill Princes Wharf Newcastle upon Tyne NE1 3XP

Accountants

Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Bankers

Lloyds Bank plc 1 High Street Sheffield S1 2GA

Page 1

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 AUGUST 2023

The Trustees present their annual report together with the financial statements of the charitable company for the year from 2 September 2022 to 31 August 2023. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The objects of the charitable company in this time were:

a) To develop new educational outreach projects which:

b) To make our events accessible to everyone, including those who might not normally experience them or other events like them.

c) To explore inter-disciplinary, inter-cultural and inter-generational approaches to creating and experiencing art.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Strategies for achieving objectives

The strategies employed to achieve the Company’s objectives were to:

a) Continue to develop new education outreach projects;

b) Continue to seek out and build relationships with new and established partners;

c) Continue to seek out and build relationships with new and established artists; and

d) Achieve a level of funding which allows us to reduce or remove economic barriers to participation in our projects, wherever possible.

Page 2

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023

Achievements and performance

Review of activities

Between 2nd September 2022 and 31st August 2023, Hand Of continued to work supporting children across the North East.

Number Nine Club

Based at Hand Of’s office, the Number Nine Residency provided a unique opportunity for a young artist to work to pursue their artistic development in a supported environment. Our Young Artist in Residence received regular piano lessons as well as unique masterclasses in performance, piano and composition, and worked on composing, programming and arranging a performance of their work, together with professional musicians. They also learned a variety of vital professional and life skills, including in producing their own work and in identifying, writing and reporting on funding applications relating to their work.

The project also provided a safe and inspiring space for students from disadvantaged backgrounds (PPG/FSM), and for Looked After Children (LAC).

Digression Sessions

Digression Sessions is a 1-to-1 mentoring programme blending cultural, academic and pastoral support for children over the course of an entire school year. The sessions enable students to pursue interests, get support with school work, express themselves creatively, and broaden their horizons, through weekly sessions with Hand Of educators.

This project responds to the needs of schools, many of whom have found that traditional tutoring has not had the impact they hoped for. Data gathered by schools so far indicates that Digression Sessions, by contrast, has had a breadth of very positive outcomes, including dramatic increases in students’ confidence and attainment.

Coastal Explorations

The Coastal Explorations project launched in 2022, and continued in 2023, with students aged 11 - 15 from two schools working together with contemporary folk musician Ceitidh Mac, fine artist Millie Avis, and theatre director Abigail Lawson. In various ensembles, they explored the coastline of the North East, uncovering stories and histories there through music and film photography. The final performance of the project took place at the Common Room, and featured participating children performing live on stage accompanied by their own film photography.

The Rigg & Furrow Project

New for 2023, The Rigg & Furrow Project worked with Year 7 students from Northumberland and Newcastle, exploring our relationship with the natural world, through workshops at Capheaton Hall and its gardens, as well as at Middle Farm, Hexham.

Page 3

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023

Achievements and performance (continued)

North Tyneside Sound Walk 2023

In August 2023, we returned for the fourth iteration of the North Tyneside Sound Walk. Responding once again to the needs of the participating school, the 2023 iteration of the project provided a creative, engaging and positive first experience of school for 45 children, in the last two weeks before they began secondary school. They worked together with theatre directors, actors, fine artists, musicians, music producers, and more. They researched stories from around North Tyneside, took field recordings, developed fiction and non-fiction stories, wrote music, recorded their own narration and drama performances, and created art. The finished North Tyneside Sound Walk 2023 was provided free to participating children, and is available to stream on Spotify, download from Bandcamp, or purchase from the Hand Of web-shop.

Funding

We have enjoyed support from a number of grant makers during the year, including the National Lottery Heritage Fund, the House of Lords, and the North Tyneside Learning Trust. We were also able to raise an increased amount from individual donors this year, through a concerted match-funding campaign, and secured support from new corporate supporters.

Financial review

Financial review

The financial results for the period are set out in the attached accounts. They show a surplus for the year of £19,195 (2022: deficit of £9,479) and funds carried forward of £38,015 which includes restricted funds of £2,500.

This surplus is the result of careful financial management as we built towards our reserves target, and lays the foundation as we work towards the long-term stability of the charity.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 4

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023

Reserves policy

Hand Of’s policy on maintaining reserves is intended:

To meet these purposes, Hand Of has a reserves policy is that the organisation shall seek to maintain general free reserves equivalent to between three and six months operating expenditure.

At the last year end, Hand Of held £32,947 in free reserves after adjusting for non-liquid funds held within fixed assets.

Structure, governance and management

Constitution

Hand Of Ltd is registered as a charitable company limited by guarantee, incorporated on 29 April 2016 and registered as a charity on 2 November 2017.

Methods of appointment or election of Trustees

The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

In the period to which these accounts refer, Hand Of appointed two new Trustees, bringing the total at time of writing to 7.

Organisational structure and decision-making policies

The charitable company in this accounting period was run by a board of 7 Trustees, working closely with two CEOs on strategic and operational procedures. The board meets on a quarterly basis, and is in contact when necessary by phone and email.

Policies adopted for the induction and training of Trustees

New board members receive guidance to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles, the board and decision making processes, the business and strategic plans of the Company.

Plans for future periods

We will continue to support children and schools, especially through continuing and expanding projects such as the North Tyneside Sound Walk and Digression Sessions. We will also continue to develop new projects responding to the needs of disadvantaged children and young people in communities across the North East.

Page 5

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2023

Plans for future periods (continued)

We continue to build on partnerships with organisations such as Newcastle University and the Parliamentary Archives, as well as developing work with new partners including Northumbria University.

We also continue to work on diversifying and growing our income, including by investing in our staff, launching fundraising campaigns, and applying for support form the likes of Arts Council England, National Lottery funding, Historic England and others.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 24 May 2024 and signed on their behalf by:

R A Purvis (Chair)

Page 6

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 AUGUST 2023

Independent examiner's report to the Trustees of Hand Of Ltd ('the charitable company')

I report to the charity Trustees on my examination of the accounts of the charitable company for the period ended 31 August 2023.

Responsibilities and basis of report

As the Trustees of the charitable company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charitable company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charitable company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the charitable company's Trustees as a body, for my work or for this report.

Signed: Dated: 24 May 2024 Mai Mak FCA

Kinnair Associates Limited

Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Page 7

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 AUGUST 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2023
£
47,654
-
47,654
-
45,154
45,154
2,500
-
2,500
2,500		 Unrestricted
funds
2023
£
27,354
39,957
67,311
510
50,106
50,616
16,695
18,820
16,695
35,515		 Total
funds
2023
£
75,008
39,957
114,965
510
95,260
95,770
19,195
18,820
19,195
38,015		 Total
funds
2022
£
52,268
29,382
81,650
454
90,675
91,129
(9,479)
28,299
(9,479)
18,820

The Statement of financial activities includes all gains and losses recognised in the period.

The notes on pages 10 to 25 form part of these financial statements.

Page 8

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD (A company limited by guarantee) REGISTERED NUMBER: 10156422

BALANCE SHEET AS AT 31 AUGUST 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 13,679
27,973
41,652
(6,205)		 31 August
2023
£
2,568
35,447
38,015
38,015
2,500
35,515
38,015		 11,055
21,130
32,185
(16,660)		 1 September
2022
£
3,295
15,525
18,820
18,820
-
18,820
18,820

The charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 24 May 2024 and signed on their behalf by:

R A Purvis (Chair)

The notes on pages 10 to 25 form part of these financial statements.

Page 9

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

1. General information

Hand Of Ltd is a private company limited by guarantee incorporated in England and Wales, registration number 10156422 and charity number 1175512. The address of the registered office which is also the principal place of business is 9 Akenside Hill, Princes Wharf, Newcastle upon Tyne, NE1 3XP.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Hand Of Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees consider that there are no material uncertainties concerning the charity’s ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

2.3 Income

All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

Expenditure on raising funds includes all expenditure incurred by the charitable company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs.

Page 10

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.4 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives .

Depreciation is provided on the following basis:

Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 11

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

(A company limited by guarantee)

HAND OF LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.10 Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the period.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations and grants
Corporate donations
Donations from trusts and foundations
Private donations including gift aid
Public funding
Grants		 Restricted
funds
2023
Unrestricted
funds
2023
£
£
-
500
34,446
250
-
26,604
1,208
-
12,000
-
47,654
27,354		 Total
funds
2023
£
500
34,696
26,604
1,208
12,000
75,008

Page 12

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

3. Income from donations and legacies (continued)

Restricted
funds
2022
Unrestricted
funds
2022
£
£
Donations and grants
Corporate donations
-
2,511
Donations from trusts and foundations
22,000
-
Private donations including gift aid
-
1,790
Public funding
3,348
-
Grants
14,906
-
Government grants
7,713
-
47,967
4,301
4.
Income from charitable activities
Unrestricted
funds
2023
£
Income from charitable activities - Earned income, events programme and
outreach work
39,957
Unrestricted
funds
2022
£
Income from charitable activities - Earned income, events programme and
outreach work
29,382		 Total
funds
2022
£
2,511
22,000
1,790
3,348
14,906
7,713
52,268
Total
funds
2023
£
39,957
Total
funds
2022
£
29,382

Page 13

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

5. Expenditure on raising funds Costs of raising voluntary income

Unrestricted
funds
2023
£
Costs of raising funds
510
Costs of raising voluntary income (continued)
Unrestricted
funds
2022
£
Costs of raising funds
454		 Total
funds
2023
£
510
Total
funds
2022
£
454

Page 14

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

6. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs - Events programme and outreach work
Direct costs - Events programme and outreach work		 Restricted
funds
2023
Unrestricted
funds
2023
£
£
45,154
50,106
Restricted
funds
2022
Unrestricted
funds
2022
£
£
47,967
42,708		 Total
2023
£
95,260
Total
2022
£
90,675

7. Analysis of expenditure by activities

Direct costs - Events programme and outreach work
Direct costs - Events programme and outreach work		 Activities
undertaken
directly
2023
£
74,859
Activities
undertaken
directly
2022
£
61,097		 Support
costs
2023
£
20,401
Support
costs
2022
£
29,578		 Total
funds
2023
£
95,260
Total
funds
2022
£
90,675

Page 15

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Depreciation
Educator, artist and production fees
Freelance staff and contractors
Documentation and evaluation
Workshop materials
Childrens' food
Other direct costs		 Events
programme
and
outreach
work
2023
£
884
57,250
9,927
1,920
2,319
811
1,748
74,859		 Total
funds
2023
£
884
57,250
9,927
1,920
2,319
811
1,748
74,859
Events
programme
and outreach
work
2022
£
Depreciation
884
Educator, artist and production fees
48,568
Freelance staff and contractors
1,450
Documentation and evaluation
2,650
Workshop materials
3,750
Childrens' food
1,184
Other direct costs
2,611
61,097		 Total
funds
2022
£
884
48,568
1,450
2,650
3,750
1,184
2,611
61,097

Page 16

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Events Events
programme
and outreach Total
work funds
2023 2023
£ £
Depreciation 1,096 1,096
Travel and accommodation 2,069 2,069
Rent 8,458 8,458
Insurance 749 749
Repairs and maintenance 2,616 2,616
Sundry office costs 1,161 1,161
Legal and professional 13 13
Governance costs 1,284 1,284
Other sundry support costs 2,955 2,955
20,401 20,401
Events
programme
and outreach Total
work funds
2022 2022
£ £
Staff costs 7,339 7,339
Depreciation 782 782
Travel and accommodation 5,869 5,869
Rent 7,278 7,278
Insurance 502 502
Repairs and maintenance 1,112 1,112
Sundry office costs 1,280 1,280
Legal and professional 517 517
Governance costs 1,560 1,560
Other sundry support costs 3,339 3,339
29,578 29,578

Page 17

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

8. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the charitable company's independent examiner for the
preparation and independent examination of the charitable company's
annual accounts 1,000 960
Fees payable to the charitable company's independent examiner in respect
of:
All taxation advisory services not included above - 180
All other services not included above (2022 includes £600 re 2021) 60 924

9. Staff costs

Wages and salaries
Contribution to defined contribution pension schemes		 2023
£
-
-
-		 2022
£
7,220
119
7,339

The average number of persons employed by the charitable company during the period was as follows:

2023 2022
No. No.
Employees - 1

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the period, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the period ended 31 August 2023, no Trustee expenses have been incurred (2022 - £NIL) .

Page 18

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

11. Tangible fixed assets

Cost or valuation
At 2 September 2022
Additions
At 31 August 2023
Depreciation
At 2 September 2022
Charge for the period
At 31 August 2023
Net book value
At 31 August 2023
At 1 September 2022
12.
Debtors
Due within one year
Prepayments and accrued income
31 August
2023
£
13,679
13,679		 Fixtures and
fittings
£
10,201
1,253
11,454
6,906
1,980
8,886
2,568
3,295
1 September
2022
£
11,055
11,055

Page 19

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

13. Creditors: Amounts falling due within one year

Other taxation and social security
Accruals and deferred income		 31 August
2023
£
-
6,205
6,205		 1 September
2022
£
165
16,495
16,660

14. Financial instruments

31 August 1 September 31 August 1 September
2023 2022
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 27,973 21,130

Financial assets measured at fair value through income and expenditure comprise bank balances.

Page 20

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

15. Statement of funds

Statement of funds - current period

Balance at 2
September
2022
£
Unrestricted funds
General Funds
18,820
Restricted funds
The Number Nine Residency
-
The Coastal Explorations Project
-
The North Tyneside Sound Walk
-
The Tyne and the Tide Project South
-
The Rigg and Furrow Project
-
Youth Music
-
The Pitmen & Bishops Project
-
-
Total of funds
18,820		 Income
£
Expenditure
£
67,311
(50,616)
2,180
(2,180)
11,550
(11,550)
10,340
(10,340)
7,208
(7,208)
6,700
(6,700)
7,176
(7,176)
2,500
-
47,654
(45,154)
114,965
(95,770)		 Balance at
31 August
2023
£
35,515
-
-
-
-
-
-
2,500
2,500
38,015

Page 21

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

15. Statement of funds (continued)

Statement of funds - prior period

Unrestricted funds
General Funds
Restricted funds
North Tyneside Learning Trust
House of Lords
Finn Family Fund
Tesco Groundwork
29th May 1961 Charitable Trust
NTCA Kickstart
National Lottery - Awards for All
Heritage Lottery Fund
Total of funds		 Balance at
2 September
2021
£
28,299
-
-
-
-
-
-
-
-
-
28,299		 Income
£
33,683
12,000
3,348
2,000
5,000
3,000
7,713
5,000
9,906
47,967
81,650		 Expenditure
£
(43,162)
(12,000)
(3,348)
(2,000)
(5,000)
(3,000)
(7,713)
(5,000)
(9,906)
(47,967)
(91,129)		 Balance at
1 September
2022
£
18,820
-
-
-
-
-
-
-
-
-
18,820

Page 22

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

(A company limited by guarantee)

HAND OF LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

15. Statement of funds (continued)

Restricted funds:

The Number Nine Residency received support from the Community Foundation (£1,480), Magic Little Grants (£500), and the Philip Bates Trust (£200).

The Coastal Explorations Project received support from RW Mann (£800), the D’Oyly Carte Charitable Trust (£2,250), the North Tyneside Learning Trust (£8,000), and St Hilda’s Trust (£500).

The North Tyneside Sound Walk received support from Give Inn Back (£1,340), National Lottery Awards for All (£6,000), and the Holiday Activity Fund (£3,000).

The Tyne and the Tide Project South received support from the National Lottery Heritage Fund (£6,000) and the House of Lords (£1,208).

The Rigg and Furrow Project received support from the Wellbank Foundation (£4,000), the Hays Travel Foundation (£2,200), and Ellen’s Gift of Hope (£500).

Youth Music also provided £7,176 of support towards freelance staff costs.

The Pitmen & Bishops Project received support from Durham County Council Community Arts & Culture Small Grants Scheme (£2,500).

16. Summary of funds

Summary of funds - current period

Balance at 2
September
2022
£
General funds
18,820
Restricted funds
-
18,820
Summary of funds - prior period
Balance at
2 September
2021
£
General funds
28,299
Restricted funds
-
28,299		 Income
£
Expenditure
£
67,311
(50,616)
47,654
(45,154)
114,965
(95,770)
Income
£
Expenditure
£
33,683
(43,162)
47,967
(47,967)
81,650
(91,129)		 Balance at
31 August
2023
£
35,515
2,500
38,015
Balance at
1 September
2022
£
18,820
-
18,820

Page 23

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

(A company limited by guarantee)

HAND OF LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
31 August
2023
Unrestricted
funds
31 August
2023
£
£
-
2,568
2,500
39,152
-
(6,205)
2,500
35,515		 Total
funds
31 August
2023
£
2,568
41,652
(6,205)
38,015

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
1 September
2022
£
3,295
32,185
(16,660)
18,820		 Total
funds
1 September
2022
£
3,295
32,185
(16,660)
18,820

18. Pension commitments

The charitable company operated a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £nil (2022 - £119).

Page 24

DocuSign Envelope ID: D6A6957F-47F4-4638-8119-F3348E7B3A7C

HAND OF LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

19. Operating lease commitments

At 31 August 2023 the charitable company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 31 August
2023
£
6,700
-
6,700		 1 September
2022
£
8,044
6,368
14,412

The following lease payments have been recognised as an expense in the statement of financial activities:

31 August 1 September
2023 2022
£ £
Operating lease rentals 8,458 7,278

20. Related party transactions

The charitable company has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the charitable company as at 31 August 2023.

Page 25