Charity registration number." 1170734
SUIT
WORKS.
Appearance. Confidence * Success
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
For the year to 31 March 2023

The Sult Works
Contents of the Flnancial Statements
Forthe year ended 31 March 2023
Legal and Administrative Information
Trustees, Annual Report
Structure, Goverr¥aTrce and Management
Objectives and Artivities for the Public Benefit
Our Values and How We Operate
Data and Performance
Activities and Achievements
Financial Review
Reserves Policv
Plans for Future Periods
Trustees. Responsibilities in relation to the Financial Statements
Independent Examiner's Report to the Trustees of The Suit Works
Statement of Financial Activities for the year ended 31 March 2023
Balance Sheet as at 31 March 2023
Notes to the Financial Statements
io
li
12-21

The Sult Works
Legal and Administrative Informatlon
Forthe year ended 31 March 2023
Trustees
Mick Nott Ichair & Treasurerl
Janet Harwood (Governance)
Sharon Fudge Resigned as Chair Dec 2022
Alexis Foster
Ben Wright
Registered office
Star House
43 Division Street
Sheffield
SI 4GE
Accountants
Beyond Profit Ltd
G104 Bolton Arena
Arena Approach
Bolton
BL6 6LB
Independenl Examiner
It Doesn't Have to Cost the Earth Ltd
47 St. Dunstans Close
Worcester
WR5 2AJ

The Suit Works
Trustees, Annual Report
For the year ended 31 March 2023
The trustees of the charlty submlt thelr annual report and the financial statements for the
year to 31 March 2023.
Structure. Governance and Management
The Suit Works was registered with the Charity Commission as a Charitable
Incorporated Organi5ation on 14 December 2016. The liability of each member
in the event of winding up is limited to £5.
The trustees work with the CEO on the current and future strategies for the
charity. They do thls at Board meetlngs and throuBh regular communication
with the CEO. Each Trustee has an area of expertise and an area they provide
support with.
The Board of Trustees meets together every quarter and covers standard agenda
Items..
• Trustee updates
Director's Report Iperformance, progress. risks, opportunity)
• Financial Report lincome, expenditure. funding sources and streams)
Review and amendments of strategic plan5 and development
Risk Register
Regular policy reviews
Annual strategy meetings take place every March. Extraordinary meetings take place as and
when required.
In December 2022, Sharon Fudge stood down as Chair and remained as Trustee.
Mick Nott, the Treasurer, was voted in as Chair by the Board in January 2023.
The Board will review, amend or change Trustee roles as required by mutual
agreement.
Objectives and Activities for the Public Benefit
The objective of the charity is the relief of unemployment for the benefit of the public in
such ways as may be thought fit, including assistance to find employment. This includes the
provision of suitable inteNiew wear, interview coaching and preparation.
The Trustees confirn7 that they have referred to the gijidance contained in the charity
commission's general guidance on public benefit when reviewing the charity's aims and
objectives and in planning future attivities and setting the grant making policy for the
period,

The Suit Works
Trustees, Annual Report- conttnued
Fofthe year ended 31 March 2023
Our Values and How We Operate
Supporting Vulnerable People
We provide a warm welcome and a relaxed atmosphere to help our clients feel
comfortable.
We give the individual the same experience they would expect from a paid styling
service as we believe it is of benefit to everyone not just those who can afford it.
We are respettful of individuals and their personal tastes, and we aim to style and
accommodate all those who wish to a¢￿5$ the service.
Building Confidence in the Unemployed
Educate people about their style so they can be confident in making future styling
choices for interviews and when they start work.
Work with them until we find the right outfwt SO they can be proud of their personal
presentation helping them to be at ease in their interview.
Encourage people to invest in quality clothing.
Our Customers should always leave with an outfit that gives them a good feeling.
Working with clients on basic interview skills. This can include providing mock
interview.
Provision of volunteering roles (where available) to build confidence in workplace
Contributing to reducing rates of employment
Collaborative working with other organisations and other charities to ensure that
employability support 15 provided where needed.
Helping the environment
We are supported by a local company who Clean our suits for free, wherever
possible they wet clean which is more environmentally friendly than dry cleaning
and they provide us with recycled suit bags.
Clothes are donated saving them ultimately from landfill and reducing the need for
more production and manufacture of clothing.
Clothes that are not fit for purpose are recycled.
Students work with us to upcycle fabric that is no longer wearable in its current
state.
Clothes that are not suitable for use by The Suit Works are given to other charities to
assist with their fundraising or clients.

The Suit Works
Tru5tee5' Annual Report- continued
For the year ended 31 March 2023
Data and Performance
In the wake of Covid-19, we have continued to support Clients in the Sheffield City region.
In 202212023 we helped 258 clients with formal wear and a much-needed confidence boost.
Of those clients, an amazing 62% were successful at interview and returned to the
workforce.
The total number of clients referred was 287, with 258 attending. This equates to an 89%
attendance rate. We're really proud that so many clients attended their appointments,
which is testament to the importance our referral partners place on our service when
explaining it to clients.
The majority of those who didn't attend were uncontactable, SUEgesting that for some
reason. they didn't engage in the process.
Gender
The clients we helped were 41% female, 49% male, 1% trans, 1% gender neutral and 1%
non-binary. Although gender data is not available from 202112022, anecdotally the biggest
increase has been from female clients.
The highest percentage of clients were in the 21-30 age bracket. Following this, were the 31-
40 and 20 or under, age ranges. The latter can be attributed to the close working
relationship we have with the Prince's Trust.
Nationally. those aged 16-24 have the highest rate of unemployment, which appears to be
mirrored in our clients.
Ethnltlty
The ethnicity of clients (where data was collected) was predominantly white British170%1.
7% stated their ethnicity as Black or Black British-caribbean, 7% stated they were Asian-
British and Asian or British Asian-Bangladeshi, Block British, other-Asian, and Mixed each
represented 3% of our clients.
Nationally, only 4% of those out of work class themselves as white British, wlth the highest
levels unemployment in those who say they are Pakistani/Bangladeshi, Black or Mixed iii.
Note: Data is dependent on the information we receive from referral agen¢ies and maybe
incomplete dependent on client Ilisclosure.
Location of clients
Clients came to us from a range of postcodes within Sheffield City region. Of Clients who
gave a permanent address, the top three p05tcodes feature two which were highlighted by
the Office of National Statistics as having the lowest annual household income in Sheffield

The Suit Works
Trustees, Annual Report- continued
Forthe year ended 31 March 2023
IS5 and S81. Interestingly, the highest number of clients we helped were from the $6
postcode. which is not traditionally regarded as a low-income area of the city121.
Where our referrals came from
We've maintained good links with a number of referral partners. This year referrals came
from our traditional referral partners Sheffield City Council120%1 and the Department of
Work and Pensions116%1. Newer re13tionships have also started to yield results with 13% of
referrals coming from the Prince's Trust and 12% from The Growth Company. 6% of clients
self-referred themselves to us.
111 Gov.co.uk- Unemployment Ihttps.'/lwww.etFTni¢ity-facts.flgures.servlcÈ.gov.uk/work-pay-an&
benefits/unemploymènt-and-economic-inartivitylunemploymentllatest#by-
ethnic1ty-over-tlme-16-to-24-year-olds￿n1Y-Whlte-2nd-Other-ethn1c-g[auP5)
121 ONS- People, populètion and tommunlty
Ihttps..Ilwww.ons.8ov.uk/peoplepopUlationanLlcommunWlpersonalandhouseh￿df1￿dnceS/lncQme3ndWeaIthIbUIIetlnsIs
mallareamodelbastdln¢omeestimates/flnancialyearending201
Actlvlties and Achievements
This year has seen continued partnerships and a growth in engagement.
Notable 2Ctivities and achievement5 include:
Expanding the staff team by recruiting a aient and Wardrobe Co-ordinator
Continuing to establish new partnerships and further develop existing ones. The
Princes Trust, Sheffield United Community Foundation, Together for Sheffield and
Street League are just some of charities and organisations we work with. This has
ensured we take a collaborative approach to supporting people into employment.
SUCF nominated us for the Partnership of the Year award and involved us in their
strategy panel.
Introducing a r>ew reporting tool, which has allowed us to provide more specific data
to funders.
Collaborative working with Shoe Aid and Shoe Zone. This has meant we have had a
provision of brand-new shoes at no C05t to The Suit Works.
Visited Smart Works Leeds. This enabled us to share best practice and to discuss
service provision in other regions.
Development of the new logo and branding
Recruitment of new volunteers to assist with client, branding and client feedback.
We continued to provide our interview coaching service to deliver mock interviews.
Partnership with local IT tompany to provide u5 Wlth IT systems.
We attended numerous job fairs across the clty that were hosted by the DWP and
Opportunity Sheffield.
Continued partnership with Barnsley College that has enabled us to develop our plan
for our online charity shop> The Boutique Works. Students design and create items
from unwanted donations. This generates funds for The Suit Works.

The Suit Works
Trustee5' Annual Report- continued
For the year ended 31 March 2023
We would like to thank the people of Sheffield for their support and Clothing donations, and
we would in particular like to thank..
South Yorkshire Community Foundation
Sheffield City Council
Sheffield Town Trust
The Company of Cutlers in Hallamshire
Aviva Community Fund
Sheffield Futures
Together for Sheffield
Co op Members
Goodman Sparks Dry Cleaners
Financial Review
The Suit Works has seen very positive results this year. The charity has developed new
sources of unrestricted income (Aviva Community Fund and Co op Members) and so has
seen an increase in excess of 20% in its income levels when compared to the prior year.
There was a surplus of £9,335 tompared to a deficit of £8,642 in the prior year. This meant
the charity finished the year with total reserves of £30,79012022 £21,455) of which
£26,118 are unrestricted.
In addition to the growth in income, the charity has also achieved approximately an 8%
reduction expenditure which can largely be attributed to it5 move to new premises in
October 2021 which ensured that rent and rates tosts were stabilised. Unfortunately, the
lease on the premises ended on 31 March 2023, however the charity's management team
successfully negotiated an affordable interim payment for the six-month period to 30
September 2023. New premises were secured in September 2023 and The Suit Works now
resides in premises located in the heart of Sheffield City Centre, making it a prime location
for clients to reach.
Whilst the charity ended the year in an Improved financial position, the Trustees recognise
that in the current economic climate, It is vital to maintain and develop the chariW5 sources
of both restricted and unrestricted incomes in order to ensure long term stability. The
Trustees therefore review funding opportunities at every Board Meeting and continuously
review income and expenditure to ensure the charity continues to be financially viable.
The Suit Works considers that its funding for the short and mid-term future will be made up
of a diverse blend of restricted and unrestricted income from..
larger grants restricted to partlcular needs, and/or particular outcomes or smaller
unrestricted grants,.
partnership funding workinE Wlth companies and corporations,.
statutory funding.

The Suit Works
Trustees, Annual Report- continued
For the year ended 31 March 2023
corporate support, both in-kind and financial. This would ideally cover our core
costs-
individual givin& through one-off donations and through long-term regular giving
Commitments,.
legacies,.
community fundraisill81
on-line trading.
Dlversifying the income streams in this way will make the charity more robust and resilient
to future funding challenges as well as increasing the visibility of TSW to prospective
supporters that would not ordinariby see us.
Reserve5 Policy
The Sult Works Reserves Policy is to maintain sufficient level of reserve5 to enable normal
operating activities to corktinue over a period of up to three months should a shortfall in
income occur and to take account of potential risks and contingencies that may arise from
time to time.
The Trustees consider that for the current level of operation of the Charity the level of
resetves required is three months, core operational costs, which is approximately £12,000.
As at the end of this financial year the Charity had £26,118 of ur)restricted reserves.
Plans for Future Periods
Whilst 2022123 has been stable, the Board realise that moving into 2023124 changes in the
external economy, municipal funding and the priorities of funding agencies; mean that
TSW'S strateEies should be regularly evaluated by the Board as the financial year progresses.
The Suit Works continues to grow, and we want to ensure we continue to engage with
services and individuals to ensure everyone is reaching us. In addition, our future aspirations
include..
To continue to build partnerships with organisations within the employability sector
to ensure we are maximising the potential of clients by providing complete wrap
around support.
To strengthen retail partnerships in order to maintain the level of stock needed to
meet the requirements of all clients.
To forge stronger links with the local business community to provide
financiallvoluntary assistance through our Corporate Partnership Package to be
launched in 202312024.
To continLte building our online trading arm, The Boutique Works.

The Suit Works
Trustees, Annual Report- contlnued
Forthe year ended 31 March 2023
Trustees. Responsibilities In relation to the Financial Statements
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom AccountinE Standards
(United Kingdom Generally Accepted Accountin8 Practice).
The law applicable to charities in England and Wales require5 the charity trustees to prepare
financial statements for each year which give a true and fair view of the state of affairs of
the charity and of the incoming resources and application of resources, of the charity for
that period. In preparing the financial statement5, the trustees are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any
material departures that must be disclosed and explained in the financial
statements;
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity wlll continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the f inancial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities IAccounts and Reports) Regulations, and the provisions of the Trust deed. They are
also responsible for safeguarding the asset5 Qf the charity and taking reasonable steps for
the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial
information included on the charity's website in accordance with legislation in the United
Kingdom governing the preparation and dissemination of financial statements.
Approved bythe Board on
and signed on its behalf by..
Mick Nott
Chair

Independent Examlner's Report to the Trustees of The Suit Works
I report to the trustees on my examination of the accounts of The Suit Works 1.the Charitf I for the
year ended 31 March 2023.
ResponslbilltTe5 and basls of report
As the charity trustees of the Charity you are re5tJon5ible for the preparation of the a¢counts in
accordancè wlth the requirements of the Charities Act 20111'the ACYI.
I report in ￿SpeCt of my examination of the Charity's accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charlty Commission under seetion 14515llbl of the Act.
Independent examlnerfs statement
I have completed my examination. l Confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 130 of the
Act.. or
the accounts do not accord with those records- or
3. the accounts do not comply with the applicable requirernents concerning the form and
content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other
than any requirement that the account5 give a 'true and fair vièw. which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matter5 in connection with the examination to
which attentlon should be drawn in thls report in order to enable a proper understanding of the
accounts to be reached.
Date.. 23rd November 2023
Teresa Fennell, ACMA CGMA
It Doesn't Have to Cost the Earth Ltd
47 St Dunstan's Close,
Worcester, WRS 2AJ

The Sult Works
ststement of Financial Activities
For the year ended 31 March 2023
Z023
2022
Unr•strlet•d R•strl¢t•d
Funds
Funds
Total
Funds
Unr•%tricted Re5tri¢ted Total
Funds
Funds
Fundj
Notes
Inwm¢ and Endownjents:
Donations and Legacies
Charitable Artivities
34,678
16,470
51,149
4.864
39,542
12.768
16.667
29.435
15.397
28.165
16,667
44,832
4,864
56.013
15.397
Exp•ndltur•:
Raising Funds
Charftsble Actlvltles
27
35,888
35,915
27
46,650
46.677
19
48.628
48,647
10,762
10.762
4.827
4,827
53.455
N#t Éncom•ll¢¥p¢ndlture}
15,234
5.898
119.2121
10,570
TfAnst•r l)•twwn funds
Net movement In fvnds
15,234
5,898
119.212
10,570
R¢tontlll&tlon oAfvtr7d8.'
Total fund5 brought forward
10,885
10.570
21A55
30,097
30,097
Totsl lunds e•rrl•d fon¥•rd
26.119
4,672
30,790
10.570
The statemènt of financial actlmties Includes all 8alns and losses recognised the yÈar.
All income and expenditsire derfve from continuing activities.
io

The Suit Works
Balance Sheet
As at 31 March 2023
2023
Notes Total Funds
202Z
Total funds
Tangible assets
Total fixed assets
276
276
Current a55ets
Debtors
Cash at bank and in hand
Totsl current assets
2,266
30,389
32,655
11.733
23.928
35.661
io
Credtiois.. amounts falllng due wtthin one￿at
Net currentassèts/(kbiltie5)
li
14,482
21,179
30.790
Totsl assets less current labilths
Totsl netassetsI(f￿bllit1e5j
Funds of the (haiity
Unrestrirted fund5
Restrlcted funds
Total funds
12
12
26.118
4,672
10.885
10,570
The note5 on pages 12 to 21 form an Integral part of the financlal 5talements.
1.1. I:..1 kn Is.........
Approved by the trustee5 Oft.......
- and signed on their behalfby:
ID,N•-
Mlck Nott. chair of Trustee5
li

The Suit Works
Notes to the Financial Statements
For the year ended 31 March 2023
Note I: Accountlng Pollcles
The principal accounting policie5 adopted, judgements and key sources of estimatlon
uncertainty in the preparation of the financial statements are as follows:
al Basis of preparatlon
The financial statements have been prepared in accordance with the Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities in
preparing their accounts in accordance with the Financial Reporting Standard appllcable in
the UK and Republic of Ireland IFRS 1021, second edition - October 2019 (Charitie5 SORP
IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2016.
The charity has applied the exemption available to small charities in the Charities SORP IFRS
1021 and does not include a Statement of Cash Flows in these Financial Statements.
The Suit Works meets the definltion of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical c05t or transaction value unle55 Otherwise
stated in the relevant accounting notes.
bl Preparation of the accounts on a going Concern basis
The trustees consider that there are no material uncertainties about the charity's ability to
continue as a Boing concern.
The tr¥Jstees do not consider that there are any sources of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities within the next reporting period.
c) Incorne
Income is recognised when the charity has entitlement to the funds, any performance
conditions attached to the itemlsl of income have been met, it is probable that the income
will be received and the amount can be reliably measured.
Income for government and other grants, whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entitlement to the funds, any performance conditions have
been met, it is probable that the income will be received. the account can be measured
reliably and is not deferred.
Donations are recognised when the charity receives the funds.
12

The Sult Works
Notes to the Financial Statement5 - contlnued
For the year ended 31 March 2023
dl Fund accounting
Ljnrestricted funds are available to spend on activities that further any of the purpose5 of
the charity.
Designated funds are unrestricted funds of the charity whlch the trustees have decided at
their discretion to set aside to use for a specific purpose.
Restricted funds are funds which the donor has specified are solely to be used for particular
activitie5,
e) Interest receivable
Interest on funds held on deposit is included when receivable 2nd the amount can be
measured reliably by the charity,. this is normally upon notification of the interest paid or
payable by the Bank.
n Expenditure
Expenditure is recognised once there is a legal or construrtive obligation to make a payment
to a third party, it is probable that settlement will be required, and the amount of the
obligation can be recognised reliability.
All expenditure Is shown inclusive of VAT.
g) Allocation of support costs
Support Costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Support costs include back-office costs, finance, personnel.
payroll and governance costs. Support costs have been allocated between governance tosts
and other support. Governance costs comprise all costs involving public accountability of
the charity and its compliance with regulation and good practice.
h) Operatlng Leases
The charity classifies the lease of photocopying and printing equipment as operating leases,.
the title to the equipment remains with the lessor. Rental charges are charged on a straight-
line basis over the term of the lease.
11 Tangible Fixed Assets
Individual assets costing £500 or more are capitalised at cost and are depreciated evenly
over their estimated useful economic lives, as follows..
Equipment
25% straight-llne
13

The Sult Works
Notes to the FinancSal Statements- continued
For the year ended 31 March 2023
Il Debtors
Debtor5 lincluding trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other consideration expected to be
received.
k) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Credltors and
provisions are normally recogni5ed at their settlement amount after allowing for any trade
discounts due.
l) Corporation Tax
The charity is exempt from tax on income and gains falling within sectlon 505 of the Taxes
Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that
these are applied to its charitable objectives.
ml Key estimates and accounting Judgements
In applying the charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions in determinin8 the carrying amounts of assets and liabilities. The
Trustees, judgements, estimates and assumptions are based on the best and most reliable
evidence available at the time when the decisions are made and are based on historical
experience and other fattors that are considered to be applicable. Due to the inherent
subjectivity involved in making such judgements, estimates ad assumptions, the actual
results and outcomes may differ.
nl Donated goods
During the year, donations of clothing and shoes were received for dlstribution to clients.
Howevèr. no value has bèen assigned to these donations within the financial statements
because it is not practicable to quantify the value of these without considerable time and
expense.
14

The Suit Works
Notes to the Flnancial Statements- continued
For the year ended 31 March 2023
Note 2: An•lysS$ of Don*tlon$ and L•ga¢ies
2023
Unrestrlcted Restrlcted
Funds
Funds
2022
Unrestrirttd RestTirt•d
Fund$
Funds
Total
Funds
Total
Funds
sheffield Town Trust
Movin8 on Up
Covid Recovery
Brelms Trust
Hobson Charity
The Forrester Family Trust
Sales - Boutique Works
Cutlers
South Yorkshire PCC
Shoezone Vouchers
Donations
Total
2,000
2,000
4,672
2,000
2.(M)O
4,672
7,866
4,672
4,672
7,866
2,500
2,5(X)
192
5.000
891
1,000
5,000
192
82
82
5.000
891
2,777
2,777
789
22,498
34,678
789
22,498
39,542
5,768
12,768
5.768
28,165
4,864
15,397
Not¢ 3: Income from Charltable Actlvltl¢s
2023
Unr•strlcted Restrlrted
Funds
Funds
2022
Unrestrlcted Restrlrted
Funds
Funds
Total
Fund$
Totsl
Fund$
Sheffield City Council
Other income
Totol
16,470
16,470
16.667
16,667
16,470
16.470
16,667
16,667
Is

The Sult Works
Notes to the Financial Staternents- contlnued
For the year ended 31 March 2023
Note 4: Analysls of Charltable Arti¥ltie$
2023
Unre$trlcted Restrlrted
Funds
Funds
2022
Unrestrl¢ted Restrlrted
Fund$
Funds
Total
Funds
Total
Funds
Suits and other clothing ttems
Salaries
Staff travel cosis
Volunteer expenses
Rent and rates
Light and he3t
Other office costs
Office equipment depreciation
Insurance
Printin& posta8e and stat￿Onery
General expenses
Support and 8overnance costs
1,421
15,647
1.421
26,217
I61￿}
26,486
195
536
14.841
67
815
603
301
1.272
257
3,856
48,628
682
3,400
82
29,886
195
536
IS,586
67
815
603
301
1,272
257
3,856
53,455
10,570
146
11.596
253
448
276
319
1,399
32
4.348
35,888
146
11,596
253
448
276
319
1.399
224
4,348
46,650
745
192
10,762
4.827
See rbotè S for the allocation of support and Bovernance costs.
Note 5: Support and Governance costs
2023
2022
Accountancy and payroll fees
Independent Examination INote 61
3,948
400
3,456
400
Not• 6: Detalls of certaln Items of expendlture
2023
Independent examiner fees
Total
400
400
16

The Sult Works
Notes to the Financial Statements- Continued
For the year ended 31 March 2023
Note 7: Employee5
7.1 Staff costs
2023
2022
Salaries and wages
Social Security costs
Pension c05t5 Idefined ctrntribution scheme)
Total rtaff cost5
25.761
29.191
456
26,217
514
29,887
No employee5 received employee benefits lexcluding employer pension
costsl for the reporting period of more than £60.C¥Jo12022: nonel
7.2 AveraEe head ¢ount Inthe year
2023
2022
Total
73 Key Management Personnel
The remuneration of the key management personnel is=
2023
2022
Salaries and wage5
Social Security c05t5
Pension costs Idefined contrib￿lon scheme)
21.429
1,618
456
16.544
i.iio
319
23,503
17,973
17

The Sult Works
Notes to the Financial Statements- continued
For the year ended 31 March 2023
Note 8: Tanglble Flxed A55¢ts
Equlpment
Tot?1
Cost or Valuatlon
As at l April 2022
Additions
Disposals
As 4t 31 March 2023
2,779
2,779
2,779
2.779
Depreciation
As at l April 2022
Charge in year
As at 31 March 2023
2,503
276
2,779
2,503
276
2,779
Net Book Value at 31 March 2023
Net Book Value at 31 March 2022
276
276
Note 9: Debtors and prepayments
2023
2022
Trade debtors
Prepayments and accrued income
Other debtors
Total
3,333
8,4(H)
2,266
Note 10: Cash at bank Jnd In hand
2023
2022
Current Account
Petty Cash
Total
30,389
23.928
30,389
23,928
18

The Suit Work5
Notes to the Financlal Statements - contlnued
Forthe yearended 31 March 2023
Note IL. Creditors & PLeruals
2023
2022
Trade creditors
Accruals
Taxes and SDcial security
Deferred income
Total
329
10511
336
379
2.592
14.482
L865
Deferred income comprises ol money found in donated stotk and remains
lance at l Apri12022
Amount5 released to incgme earned frtsm charitable attivites
Amounr deferred in period
Balance at31 March 2023
2,692
12,6921
800
Prioryear Comparison
Balance at l Apri12021
Amounts released to income earned from charitable artivites
Amount deferred In period
Balance at 31 March 2022
5,412
17,7201
2.692
19

The Suit Works
Notes to the Financial Statements- contlnued
For the year ended 31 March 2023
Nots Il. Chaiity fund5
Balance at
IAprll
Balance at
JI March
2023
Income EKpendituiè Transfer
ReslTlrtedFt4nds
Hobson Charlty
Covitt Recovery Funtl
Moving On Up
Total Restricted Funds
192
11921
15,8981
14,672
110.7021
5.898
4.672
10,570
4,672
4,6n
4,672
Unrestrlrted Funds
Total Unre5trlrted Funds
10,885
10.885
51,148
51.148
135,9151
135.9151
26.118
26,118
Total Funds
21
55
56.0
46.677
Balan
at IApril
20
Balance at
31 March
2022
Income Expendlture Transfèi
RestrirtedFund5
Hobson Charity
Covid Recovery Fund
Moving On Up
Sovth Yorkshire PCC
Total Restricted Funds
82
7,866
4,672
2,777
15.397
(821
11.9681
5,898
4,672
2,n7
4.8271
10,570
UnTestrirtedFurttls
Totsl Unre5tsicted Ful￿5
30.097
30,097
29,435
29A35
48.647
48.6471
10.885
Totsl Funds
30.097
53.474
20

The Sult Works
Notes to the Financial Statements - continued
Forthe yearended 31 March 2023
Note 13: Net asset by fund
Unrestrlcted
Funds
Restricted
Funds
Totsl
Fixed asset5
Net current assets
26,118
26,118
4,672
4,672
30,790
Prlor Year Comparative
Unrestrlrted
Funds
Restricted
Funds
Total
Fixed assets
Net current assets
276
10,609
276
21,179
21.455
10,570
10,570
Note 14: Trustee5 rernuneration and expenses
The tr4JStees received no remuneration for the performance of their duties12022.. £nill.
Note 15: Related party transartlons
The Trustees consider its key management personnel to comprise the Trustees and the CEO.
The Trustees all give freely their time and expertise without any form of remuneration or
other benefit in cash or in kind12022.. £nill. No Trustee, or person related or connected bv
business to them has received any payments or other benefits f rom the charity during the
year. The remuneration of the CEO is shown in note 7.3. There were no related party
transactions in the financial year ending 31 March 2023.
Trustee indemnity insurance is covered in the Charity insurance policy.
21