REGISTERED COMPANY NUMBER.. 11869649 {Engl#nd and Wales) REGISTERED CHARITY NUMBER: 11826YJ R£PORT OF THE TRUSTEES AND UNAiJDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR OPEN HANDS OPEN HEAVENS 1111 illiiii 114JVQN2R 1811W2021 COMPANIES HOUSE A19
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Fallhurst CIw1eTed Acwunwits Douglas Bank Hous¢ Wigan IAne Wigan WNI 2TB
OPEN HANDS OPEN HEAVENS CONTENTS OF THE FINANCIAL STATEMENIS for the Year End¢il 31 March 2021 Pa Report of the Trnstees Indep¢ndent Exxminer'i Report St•temen¢ of Fin•n¢ial A¢fivit5es Statement of Fin8n¢iAI P05i¢ion Noies to ibe FlnAelai SttemeDts
OPEN HANDS OPEN HEAVETrS PORT OF TUE TRUSTEES for th¢ Year EDded 31 .March 2021 The tnEsiees who are also direciors of the Charity for the purposes of the C(mpanics A¢1 2W6. present their report with the financtal statements of the charity for the year enlkd 31 March 2021. The tTuses have adopted the provisions of Accounting and Reporting by Chariti¢s.' Ststement of Recommended Prnctice applicable io charities pparing their accounts accorda¢ wrth tbc FinancLal Reportin8 Sondard appkncabie in the UK aTwJ Republic of Ireland IFRS 102) {effeclive l Jatluary 20191. 0ECTIVEs AND ACTIVITIES Objectlves and aims The objects of the charity aTe to advance 5u¢h charitable purposes #s the fflteeS stt fil from time to time, in particular: but not limited to Lhe advancement of the Christian faiih for tht public benefit and in parti¢uLv by SuppOng initlafLV¢S and institutions atxi making grants in rtherart of such charitable wrp05e ACHIEVEMENT AND PERFORMANCE Review of busiDe55 The charity is expecting to continue be a solely gTant tntikiDg orwdnisatioll for the foreeable firture. providing 8rnnts to other established charilies who are well pled io cnsure that funding is us¢d to reach ihose mosi in need. Despite continued lo¢kdown5 a5 a result of the COVItkl 9 panderniG thr Tnjstees totitinued 10 manage rhe activities of the chanty remotely. with a parfirular ff5 on safrguaiding invcsthnts given the volaiiliry of current matets. The TTUSt¢r$ ar¢ plea5¢d that inve$thi¢nt Yalu¢s hove increased dun.ng the year. whtch h&$ allowed the charity to make signifi¢ani onBoing grnots to S>pOrt Its Jr)i¢nded aims. FINANCIAL REVIEW Reserve$ policy At 31 MaT¢h 2021. the reserves of the charity were £394.978 (2020: £162,455}. Th¢ board of tnL5tee5 continue to seek new source$ of unrEStri¢t¢d income lo ulcrease ibe charity's res¢Tres to an appropriare level. This is to help provide sufficient fvTrJs cover mana8emtDL administraiion and swrt costs. STRUCTURE. GOVERNANCE AND MANAGEMENT GoverTriTrg document The company is registeTed as a charitable CLMnpany limited by guaran atsd 1$ governryi by a Memordndum of Association dared 8 March 2019. ReCrltmeD¢ and appointiiieD¢ of new trustee5 Tht mana¥emeni of the charity 15 the resnsibIlIty of tht truts who are clecttyj under the tcrn)s of the consiitution.The charity rnU5t consist of at leasi three tru¢¢5 at any time. Orgini$t6ofjAI $trrycture The trustees m¢ei regUrIY manage ihe affaiTS With the day to day opemion and management being undert*en and ov¢rsezn by all the tr1¢¢$. REFERENCE AND ADMINISTRATIVE DETAILS Registered Cornpany number 11869649 (England and Wales) Reglstered Cha4Ity number 1182650 Registered Office Pump House Thornhill Siandish Wigan WNI 2RZ Trnstee5 R D WJnslatMI D l Mty)re Ms J R Moore Page I
OPEN HANDS OPEN HEAVENS REPORT OF THE TRUSTEES for ithe Ye#r Ethdtd 31 Mrch 2021 REFERENCE AND ADMINISTRATIVE DETAIIS Independent Examioer John B S FairhuN BA {Hons) FCA Ind¢rKndent examiner FairhuT5t Chartered Arcountsnts Douglas Hous¢ Wigan tAne Wigan Lancashire WNI 2TB Bankers Barclays Bank PLC Wigdn Brdtlch Market Place Lan¢ashir¢ WNI IQS Thi5 rewrt has been prepared in accordatKe with the rKovision5 of Part 15 of ihe Companie5 Act 2006 relating io small ¢omp2ni¢> i I It..1.2 oll................ Approved by order of the tK*ard of ttusiees ott.... alld signed on its half by". re. Tru5ttt Page 2
DEPENDENT EXAhtlNER'S REVORT TO THE TRUSTEES OF OPEN HANDS OPEN HEAVENS ldepend¢t examiner's report to th¢ trustees of Op¢D Hands OptD HeaveLs I'tht ComnY.) I report to the charity trustee5 on my examinaiion of the accounts of the Company for the year ended 31 Mar¢h 2021. Responsibilitie$ #nd basis of report As ihe chariws tru5tee5 of the Company (al also it5 directors for the purposes of company 12w) you are resp)n$ible for the preparation of the aOUnt$ in accordauce 7( the requirement5 of the Companies Act 20061'the 2(V)6 Aci'l. Having satisfied myself that the accounts of the Company not L¥qued to be audited under Part 16 of lh¢ 2006 Act and are eligible for independent examination. I rerx)rt in reyci of tny examination of your¢harity'S accounrs as SrIed out under Kction 145 of the Charities Act 2011 fthe 2011 knv). In Carrying out my examination I have followed the Directions giycn by the Charity Commission under seciion 145(5) (b) of thc 2011 Act_ Independent examineT'$ StatemeDI I have completed my examination. I confirn that no matters have Come to my attention in connertion with the ¢xaminaiion giving me cause LO believe.. accounting rccords were noi kept in re5P¢Ct ofthe C(xnpany as tequired by section 386 of the 2006 Act." or the accounts do noi acc(Kd with t5¢ records. or the accounts do not comply with the accountin8 requircmcnts of 5eaion 396 of the 2006 Art oiher iljan any rcquir¢ment that the accounts gi a true and falr view whhch is not a matter considcred as part of an indrytndertt exarninarion" or the a¢counis have not ly¢en prtpartd in a¢¢ordan¢e with the methods and principles of the Staiemenr of R¢commended Prn¢iice for a¢eouniing and pOrtIng by charities (applicable ro charities PTeparin8 their accounts in c(nce with the Financial Reporting Stsndard appIable in the UK and Republic of Ireland (FRS 102)). I have ¢on¢ems and havc come across no (rfher matters in conn¢¢tion with the examthation to wljich aneniion should b¢ drawts 10 this report in order to enable a prr under5¢aTh"ng of the xcounts to rt*hed. John B S Fairhurst BA (HOAS) FCA IndepeTh(knt examiner Fairhutst Chartered AcLouniants Douglas Bank Hous¢ Wigan Lane Wigan Lancashire WNI 2TB OIM Page 3
OPEN HANDS OPEN HEAVENS STATEMEIYT OF FINAIYCIAL AcfiviTIES ror the Year EDded JI March 2021 Period 813119 Year Ended 3113121 Unrestricted fund to 3113rio Total nds Notes INCOME AND ENtK)WMENTS FROM Donations atld legacie5 50.(KK) 225.0(X) Invesknent income 97 Total 50.097 225,007 EXPENDITURE ON ChAritable i¢VitieS Grants pa]d General 32.950 2.940 41,091 4.170 Tothl 35,8 45.261 Net gain(lo$s¢S) cffi irtve&ments 218,316 17.2911 NET INCOME 232,523 162.455 BICONCILIATION OF FUNDS Total funds brought forward l62.455 TOTAL FUNDS CARIUED FORWARD 394.978 162.455 The notes form part of these financial Staternts Pa8e 4
OPEN HANDS OPEN HEAVENS STATEMENT OF FINANCL4L POSITION 31 March 21121 2021 Unre5tri¢d fund 2020 Total funds Noies FIXED ASSETS Investtnents 344234 157.809 CURRENT ASSETS Cash ai bank 51,744 5,146 CREDITORS Amounis falling due withit) year {i.000) (500) NET CURRENT ASSETS 50.744 TOTAL ASSETS LESS CURRENT LIABILITIES 394.978 162,455 NET ASSETS 162455 FVIYDS Unrestricted fun¢ts= General Amd 162.455 TOTAL FUP4DS 162.455 The cbaritable company is tutitled io exetnption frn audit under Srftion 477 of th¢ crpanic$ A¢L 2006 foT th¢ year ended 31 March 2021. The mcmber5 have requircd tk ¢ompany to obtaLn an audii of its finala1 ststements for the ye4r cnded 31 Mawh 2021 in aE¢ordance with tstion 476 of the ComrAnies Act 2¢KI6. The ttust¢es acknowledge their rEspJnsibiliti¢S for (a) et)suring the charitable ComtIY keeps ac¢oumiDg records that comply wirh Sections 386 and 387 of the Companie$ Act 2006 and preparing financial statemtnis which give a tDJt and fair view of the state of ofFdif5 of the charittble company as at the end of eacb financÈal year 3JLd of its surplu5 or deficit for c3ch finKial year in acconlan¢e with the requirements of Sections 394 and 395 and wJHch otherwis¢ ¢omply with the requirements of th¢ Compames Act 2006 rElating to financ1 5tatemertts. so f¥as alable to the ¢hanrabl¢ company. Ib} These finaTKial staternents have bEen prepaTed in ac¢oTdarKe wtih &Yovision5 appliuble io charitable compantes subject to ihc Small compatsie$ regime. The fin al stattrnents We approv by Board of TTuMees and awhoris¢d for iss and were signed on its behalf by. l Moore. The nNes forni of these finwial statements Pa8e 5
OPEN IIANDS OPEN HEAVENS NOTES TO THE FINANCIAL STATEMENTS for tbe Year Ended JJ March 21121 ACCOUNTING POLICIES Ba$is of preparing the financial staterneftts The financial siaiemenis of ihe chan"tsble company. W"¢h is a public ivKfii entiry under FRS 102, have been prepared in accordanee wirh the Charities SORP IFRS 1021 'Aceounting and Reporting by Charities.. Statement of Recornmellded Prdctice applicablt 10 chan.ties preparing thtir accounts in accordance wilh the Financial Reporting Standdrd appltcable ID the UK and Republic of Ireland (FRS 1021 (effective l January 20191,. Financial Reporting Standard 102 Tr Financial Rewrting Standard arvlicable in the UK and Republi¢ of Ireland. and the Companies Act 2006. The financial 5tht¢ments have Efen PTEpar¢d under Ihe histon¢al cost conventtott. with the exceoion of irtvestsnrnts which are iTKluded at rtyarket value. &$ modified by the revaluation ofcertain assets. Tn¢on)e All income is recognised in the stament of Fina11[ Activities once the clwity has entitlement to the fids, 1¢ is probable that the iTome will k re¢¢ived and the amountun bc rncasured reliably. Expenditure Liabilitics are recognised as cxpcrEditure as SO as ihere is a legal or constnLCtive obligation cItting the charity to that expenditure. li is probable that a trdnsfer of economic Ixnefit5 wll E¢ requiltd in settlement and the amount of thc obligalion can k measurcd reliably. ExFtnditurr is accounted for on an accTuals basis and has been Classifi un(kr hcath.ngs that agggate all cost related to thr Category. Whrre costs cannot be di¥e¢tly atiribuied particular h¢ath"ngs th¢y hav¢ b¢en allocated to a¢tiwii¢s on a b3sis ¢onsisient with the use of rcsources. Grants offcred 5ubjecl to condition5 which have been met at t yearend date Dod as a comrnitment IIOL 3¢¢ru¢d as ¢AnditurE. Support Cllsts Support C05ts are tlwjse funcrions ihai assist the work of the charity bui do not direxdy relate to charitable activitrcs. Support co$ include office c05t¥ financc. I¢StMent management fccs and governJncc costs W"¢h support thr ¢harJ"ty ad1viti. Taxation The charity is exemy from ¢orKw)ration tsx on 11$ ¢hari¢able activities. Fund c¢owitiDg Unrestsicted fijnds can be uxd in awordan¢e with the ¢haritabk (knjextivu at the dis¢TetiOD of th¢ tnLStee5. Restricted funds can only be used for particular stricted purposes within the objects of the charity. R¢stri¢tis anse when 5pe¢ified by th¢ donor or when funds arc rdised for partiCUr restricted Purposes. Further explanion of th¢ Tratse and purpos¢ of fijnd is included in th¢ no to the financial 5tsternents. Fin*ttcial instruments Short term financial askts arc measured at ttansacti¢Jn price le55 any impairnKDL Sknrt tcnn finla[ liabilities are measured at tratwiLOn price. FinarKial liabhlities that have Aated interest rdte and are payabk within year thall k measured at the udiscOUntd amount d. Fixed asset investments Fixed asset investrneftis in quoted shares. traded bon& aftd similar tnvestrnenLS are valued at iniually at eost and subsequently ai fair value {Iheir market Vdlue) at the year end. The same mtTneni 15 applied to unlisted knves¢mettrs unless fair value cannot be measured reliably in which case it is Meas * cost less impairnient Page 6 continued...
OPEN HANDS OPEN HEAVENS NOTES TO THE FINLNCIAL STATEmErs- continutd for ihe Yt*r EBdtd 31 Marth 2021 INVESTMENT INCOME Period 813119 io 3113120 Year Ended 3113r21 Intetem rx¢ivable 97 TRUSTEES, MuNERATIoN AND BENEFITS There were no trustres. mwi¢rdtion or (thr benefits for the year ended 31 March 2021 nor for the P¢Tiod ended 31 March 2020. Tru$tees' expenxs There were no 1The$. expenses paid ftsr the year ended 31 March 2021 nor for the peri1 ¢nd¢d 31 March 2020. FIXED ASSET INVESTMEP4TS Listed investmeors Unliwed investm¢nis Tota15 At l April 2020 Additions Disp05als Revaluation$ Transfer 18.8(Y) 19.984 {51.874) 47.943 309.372 I39.) 157.809 19.984 (51.874} 218,315 170,372 309 3721 At 31 Marcb 2021 344.2M 344.234 NET BOOK VALUE At 31 March 2021 344.234 At 31 Marth 2020 18.809 There were no invethnt assets ouisid¢ the UK. PaÈe 7 continuwL..
OPEN FtAI¥DS OPEN HEAVENS NOTES TO THE FINANCIAL STATEMENTS- ¢wtinll¢d for the YeAr Ended 31 March 2021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 AccnKd exnseS 500 MOVEMEIYT IN FUNDS Nei movement in fimds At 3113121 Ai 114120 Unrestrictrd frtd$ Genenl 162.455 232.523 394.978 TryfAL FUNDS 162 455 232 523 Net movemeni in funds. iDcluded in the above are as follows.. Incoming Resources expended Gains and losses Movement in funds UDrestTiettd fuDdJ General fund 50.fY)7 (35.89)) 218.316 232.523 TOTAL FUNDS 50.097 35.890) 218.316 232,523 Comparalive5 for movement in fuDth Net OVnent in hmds At 3 113f20 Vnrestricted [ndS Generdl fvnd 162,455 162,455 TOTAL FUNDS 162.455 162,455 Compa1¥¢ net movement in fu 1]l1td in the al are as follo R¢sow¢es resource5 expended Gain$ and Movemeni in V•res¢ricted funds Gen¢ral fiLnd 225.¢X)7 145.261) (17.291) 162.455 TOTAL FUNDS 225.007 162455 Page 8 continuEd...
OPEN IIANDS OPEN HEAVENS F40TES TO THE FINANCIAL STATEME14TS- eontinued for the Yev Ended 3] M•r¢h 2021 RELATED PARTY DISCLOSURFS During the year the company expended resou of £42LNJ (2020: £30.99]) with entities that have a common dire¢tor or tnjstce. Page 9