Charity registratlon number: 1170734
SUIT
WORKS..
Appearance. Confidence • Success
ANNUAL REPORT AND UNAUDITED STATEMENT OF ACCOUNTS
For the year to 31 March 2024

The Suit Works
Contents
For the year ended 31 March 2024
Legal and Administrative Information
Trustees, Annual Report
Structure, Governance and Management
Objectives and Actlvlties for the Public Benefit
Our Values and How We Operate
Data and Performance
Activitie5 and Achievements
Financial Review
Reserves Policy
Pla ns for Future Periods
Tru gtees, Responsibilities
Independent Examiner's Report to the Trustees of The Suit Works
Statement of Receipts and Payments forthe year ended 31 March 2024
Statement of Assets and Liabilities as at 31 March 2024
Notes to the Accounts
io
li
12-13

The Sult Works
Legal and Administrative Information
Forthe year ended 31 March 2024
Trustees
Mick Nott Ichair & Treasurerl - Resigned April 2024
Janet Harwood (Governance & Chair from April 20241
Sharon Fudge
Alexis Foster
Ben Wright
Samantha Headford- Appointed 4 May 2023
Tim Jeffery-Appointed 22 June 2023
Charlty registration number: 1170734
Registered off5ce
Third Floor Suite
Carver House
4 Carver Street
Sheffield
SI 4FS
Accountants
Beyond Profit Ltd
G104 Bolton Arena
Arena Approach
Bolton
BL6 6LB
Independent Examiner
It Doesn't Have to Cost the Earth Ltd
47 St. Dunstans Close
Worcester
WR52

The Suit Works
Trustees, Annual Report
For the year ended 31 MaTch 2024
The Trustees of the charity submit their annual report and the statement of accounts for the year
to 31 March 2024.
Strurture, Governance and Management
The Suit Works was registered with the Charity Commission as a Charitable Incorporated
Organisation 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 this at
Board meetings and through regular communication with the CEO. Each Trustee has an area of
expertlse and an area they provide support with.
The Board of Trustees meets together every quarter and covers stsndard agenda items:
• Trustee updates
Directorfs Report Iperformance, progress, risks, opportunity)
Financial Report (income, expenditure, funding sources and 5treamsl
Review and amendments of strategic plans and development
Risk Register
Regular policy reviews
Strategy meetings take place annually. Extraordinary meetings take place as and when required.
In April 2024, Mick Nott resigned from the Board and Janet Hanwood was voted in as Chair by the
Board in April 2024. The Board will review, amend or change Trustee roles as required by mutual
agreement.
Objertives 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 interview wear, interview coaching and preparation.
The Trustees confirm that they have referred to the guidance contained in the Charity
Commission's general guidance on public benefit when reviewing the charitvs aims and objectives
and in planning future artivities and setting the grant making policy for the period.

The Sult Works
Trustees, Annual Report- contlnued
For the year ended 31 March 2024
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 can be of benefit to everyone not just those who can afford it.
We are respectful of individuals and their personal tastes, and we aim to style and
accommodate all those who wish to access 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 outfit 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 Iwhere availablel to build confidence in workplace skills.
Contributing to reducing rates of employment
Collaborative working with other organisations and other charities to ensure that
employability support is 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 reducin8 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 suitsble for use by The Suit Works are given to other charities to assist
with their fundraising or clients.
Data and Performance
The Suit Works is pleased to report an 12% increase in the number of clients supported during the
financial year 202312024. Our client base grew from 258 clients in the previous year to 289 clients
this year. of these clients, we are pleased to report that 63% were successful in securing a job in
the month following their visit to our service. This growth reflects our ongoing commitment to
supporting individuals in need of smart wear for job interviews and new job roles.

The Sult Works
Trustees, Annual Report- wntlnued
For the year ended 31 March 2024
A key factor in our continued growth has been the beginning of our strategic expansion into
community outreach and collaboration with employability groups. Over the past year we have
reached an additional 66 individuals through visits to various community organi5ations, including
Sheffield U￿lted Community Foundation, Street League and Together for Sheffield. Whilst these
individuals did not receive our primary service of smart wear provision, these partnerships allowed
us to connect with more individuals who can benef it eventually from not only our primary service
of smart wear provision, but also benefit from our interview presentation and preparation guidance
service.
In addition to working with employability groups, we have actively participated In more community
events. This increased presence has not only expanded our reach but also boosted the number of
referrals we receive. As more people become aware of oijr services, we expect this trend to
continue, leading to further growth in the number of referrals received.
Gender
A significant aspett of our client growth involves understanding the gender dynamic of our
referrals. Almost three quarters of our clients are males162%1. 37Yo are females, with the
remainder identifying as non-binary. This is interesting as last year the gender balance was more
equal. The increase in male referrals may be a result of the community groups we support. These
figures highlight the importance of analysing our partnerships and outreach strategies to ensure we
are effectively reaching and Supporting both males and females.
Age
The highest percentage of clients we Saw were aged 21-30, followed by 20 and under. This can be
attrlbuted to the number of organisations we work with who support younger people into work.
We saw an increase in the number of referrals for people aged 41-60. This increase can be
attributed to various economic factors, including the c05t-of-living crisis, targeted outreach efforts,
and specific challenges faced by older job seekers. By continuing to understand these factors, we
can continue to tailor our service and outreach strategies.
Location of clients
Whilst the majority of our clients are from the Sheffield area, we have received an increase in
referrals from outside of Sheffield. Notable areas include Doncaster, Leeds, Wakefield and Hull. Thi5
is due to the lack of provision in these areas.
Of clients that stated their permanent address, two of our top three postcodes IS5 & S21 were also
featured in data from the Office of National Statistics as the most socio-economic deprived areas in
Sheffield. This is important because these areas have lower income levels but also people living in
these areas are more likely to be facing inequalities.

The Suit Works
Trustees, Annual Report- continued
For the year ended 31 March 2024
Where our referrals come from
The Suit Works receives referrals from over 30 organisations. Sheffield City Council accounted for
2890 of referrals this year. The couftcil'5 extensive reach across variou5 services allows us to serve a
diverse range of clients. The Growth Company accounted for 24% of referrals (last year this was
12¥01. They have become a key partner in our mission to support more individuals over the past
year and we predict a further increase in the next year. The Princes Trust accounted for 20¥0 of
referrals Ilast year this was 13%1. This growth is due to an increase in employability programmes
run by The Princes Trust.
Activities and Achievements
During the financial year 2023 to 2024, as well as an increase in referra15, The Suit Works achieved
several significant milestones in our continued mission to support unemployed individuals into paid
employment.
l. ServitÈ Location: Due to rising rents, new premises were required part way through the
financial year. Our priority was to maintain a presence within the city centre to ensure
clients are able ro reach us with minimal transport costs. We also wanted to remain close to
our referral agencies le.g DWP, SCC Provider services) to ensure we could arrange same day
appointments where needed. In October 2023 we secured new premises that aligned with
our budget and location needs. It has been a successful move with positive feedback from
both clients and referrer5.
2. Corporate Partnerships: In order to diversify our income stream, we strengthened our
corporate partnerships package. This enabled local businesses to have a clear understanding
of what we were providing and how their support would assist us in the delivering our
service. An example of this was an invitation to a large networking event where all proceeds
were donated to The Suit Works. This resulted in a donation of over £2,000. Moving forward
to the nexr financial year, we have secured a large sponsorship package from a local IT
provider and we continue to build on relationships built over the past year.
3. Client Success Stories". Numerous client success stories were shared, demonstrating the
transformative effect of the charity's services. This in turn has attracted the support of local
businesses. Many clients expressed increased self-esteem and confidence, which
significantly improved their chances of securing employment.
4. Increased Communlty Engagement: The Suit Works saw a rise in community engagement,
with more volunteers, donations, and participation in events. Notable events include being
involved in the BBC Bitesize schools tour, along with playing an active role in employability
forums around South Yorkshire. We also featured in local press, took part in several
interviews for BBC Sheffield and was nominated for a Sheffield Community Award.

The Sult Works
Trustees, Annual Report- contlnued
For the year ended 31 March 2024
5. Partnershlp Working: We continue to build partnerships with local referral agencies, which
allows us to increase our reach and extend our Services to a broader range of individuals
who need assistance. Referral agencies often provide various forms of support such as job
training, housing assistance and interview coaching. By partnering with these agencies, we
can offer a more holistic support System. This collaborative approach ensures that cllents
not only received much needed smart wear and confidence building, but also other essential
services that address multiple challenges. Referral agencies such as DWP, Sheffield United
Community Foundation, Princes Trust, Depaul and SCC are just an example of the many
agencies we work collaboratively with.
We would like to thank the people of Sheff ield for their support and clothing donations, and we
would in particular like to thank:
South Yorkshire Community Foundation
Sheff ield City Council
Sheff ield Town Trust
First Degree Ltd
Shoe Aid
Grant Thorton
Baird Group
Sheffield Futures
Network King
HSBC
Financial Review
The Suit Works has seen very positive results this year. The charity had net receipts of £12,324
12023.. £12.3581. Thi5 meant the charity finished the year with total cash funds of £42,71212023 -
£30,388) of which £38,040 are unrestricted.
The income for the year, when compared to the prior year is showing an Increase of £24,270 whith
can be accounted for by the £38,000 in additional grant income recelved this year compared to last.
The expenditure is over budget for the year by £9,775. This is largely due to the unexpected moving
costs and rise in rent. There is also a slight overspend to budget in relation to supplies. However,
thls Is the kind of cost that is difFicult to budget with any degree of accuracy as it 15 dependent on
both stock being held as well as the requirements of the clients using the service. In contrast there
has been a significant underspend in budgeted staff costs.
Whilst the charity again ends the year in an improved financial p051tion, the Trustee5 recognise that
in the cijrrent economic climate, it is vital to maintain and develop the charitws 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 Sult Works
Trustees, Annual Report- continued
For the year ended 31 March 2024
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 particular needs, and/or particular outcomes or smaller
unrestricted grants,.
statutory funding;
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
¢ommitment5,'
legacies,.
community fundraising:
on-line trading.
Diversifying 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 ordinarily see us.
Reserves Pollcv
The Suit Works Reserves Policy is to maintain sufficient level of reserves to enable normal operating
activities to continue 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 reserves
required is three months, core operational costs, which is approximately £18,000. As at the end of
this financial year the Charity had £38,040 of unrestricted cash funds.
Plans for Future Periods
Whilst 2023/24 has been stable, the Board realise that moving into 2024125 changes in the external
economy, municipal funding and the priorities of funding agencies; mean that TSW'S strategies
should be regularly evaluated by the Board as the financial year progresses.
The Suit Works contlnues 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 financi31lvolurntary
assistance through our Corporate Partnership Package.
To assess the need for The Suit Works to have a presence in other areas of the country.

The Suit Works
Trustees, Annual Report- continued
For the year ended 31 March 2024
Trustees. Responsibilities
The charity Trustees are responsible for preparing a Trustees, annual report and accounts. The
accounts have been prepared as receipts and payments as allowed under section 133 of the
Charities Act 2011.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial p051tion of the charity and to enable them to ensure that the
financial statements comply with the Charities Act 2011, the applicable Charitie5 IAccounts and
Reports) Regulation5, and the provisions of the Constitution. They are also responsible for
safeguarding the assets of 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 f inancial
information included on the charity's website in accordance with legislation in the United Kingdom
governing the preparation and dissemination of statement of accounts.
Declaration
The Trustees declare that they have approved the Trustees report.
Signed on behalf of the charivs Trustees:
Name:
Position-
Date..
Jan Hanvood
Chair

Independent examinerfs report to the Trustees of The Sult Works ('the Charitrf)
I report to the Trustees on my examination of the accounts of the Charity for the year ended 31
March 2024.
Responsibilities and basis of report
As the charity Trustees of the Charity you are responsible for the preparation of the account5 in
accordance with the requirements of the Charities Act 20111" the ACY'I.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the
2011 Act and in carrying out my examlnation I have followed all the applicable Directions given by
the Charity Commission under section 14515llbl of the Act.
Independent examinerfs statement
I have completed my examination. I conf irm that no material matters have come to my atter¢tion in
connertion with the examination giving me cause to believe that in any material respect..
l. Accounting record5 were not kept in respect of the Charity as required by section 130 of the
Act,. or
2. The accounts do not accord with those records.
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.
Teresa Fennell, ACMA
It Doesn't Have to Cost the Earth Ltd
47 St Dunstans Close, Worcester, WR5 2AJ
Date.. 12th December 2024

The Sult Works
Statement of Receipts and Payments
For the year ended 31 March 2024
31 March 2024
Unrestricted Restrl¢ted
tund5
funds
31 March 2023
Unrestrictsd Restricted
funds
funds
Notes
Totalfunds
Total funds
Receipts..
Grants, Donations and Other
Lotal Authority Contract
Tgtol
Payments:
Charitable Expenditure
Totol
48,129
26,029
4,672
52,801
26,029
78.830
30,133
19,803
49.936
4,672
34.805
19.803
54.608
4,672
4.672
61,834
61,834
4,672
4.672
37.578
37,578
10,570
10.570
48.148
48,148
66,506
Net re¢eiptsllpaymentsl
12.324
12.324
12.358
{5.898}
Cash Aund5 Ot31 March 2023
Transfers between funds
Cush lunds ot31 M¢7rch 2024
25,716
4.672
30.388
13,358
10.570
23,928
38,040
42.712
25,716
4.672
30.388
io

The Suit Work5
Statement of Assets and Liabilities
As at 31 March 2024
31 March 2024
Re$tri¢ted
Income
funds
31 March 2023
Restrfcted
Income
lund$
Unre5trfcted
funds
Total
funds
Totsl
Cash Funds
Cash at bank
38,040
38,040
4,672
4,672
42,712
42.712
25,716
25,716
4.672
4.672
30,388
30.388
Liabilttie5
Independent Examlnation Fee
Pension contribLrtions
Social security costs
440
128
290
858
440
128
290
858
440
440
113
223
776
113
223
776
These accounts were approved by the Board of Trustee5 on .....
behalf by-.
and signed on their
Jan Harwood
Chair of Trustees
li

The Suit Works
Notes to the Accounts
For the year ended 31 March 2024
11 Recelpts and Payment Accounts
Receipts and payments accounts are Statements that summarise the movement of cash into and out of the
organisation during the financial year. In this context 'cash" include5 cash equivalents, for example, bank
accounts where cash can be readily withdrawn to pay debts as they become due.
These accounts present both the current and prior year figures as receipts and payment5.
2) Grants, Donation5 and Other
2024
Unrestricted Restricted
fund5
funds
2023
Unre5tritted Restflcted
funds
funds
Totsl fund5
Total fvnds
Donations
2,504
44,000
618
1,007
48,129
2.504
48,672
618
1.007
52,801
23,270
23,270
10.672
132
731
34.805
Gonts
Other Income
The Boutique Work5 Sale5
4,672
4,672
132
731
30.133
4.672
4672
3} Charltable Expendlture
2024
Unrestrfcted RestrKtsd
funds
funds
2023
Unrestritted Re5trirted
funds
funds
T¢rtal funds
Total funds
Accountancy and Payroll Fees
Clothin& Suits and Shoes
General Expensos
Independent Examiner Fee
Insurance
Legal and Professional
Office Cost5
Rent and Rates
Salaries
Staff Travel and Expense5
Subscriptions
Telephone
Volunteer Expenses
3,909
1,030
43
440
330
175
i.oii
27,600
26,705
38
55
472
26
61,834
3,909
1,030
43
3,907
593
224
400
319
3.9)7
593
224
4(Y)
319
330
175
i.oii
27.6(KJ
31.377
38
55
472
26
1.473
14,136
15,699
256
1,473
14,136
26.269
256
4.672
10.570
432
139
37,578
432
139
48.148
4.672
10,570
12

The Suit Works
Note5 to the Accounts - contlnued
For the year ended 31 March 2024
41 Funds
Transfers
between
fund5
Balance at
31 March
2024
Balance at I Incomlng
April 2023
Resourtè5
Resources
Expended
Restricted Funds..
Moving On Up
Total Rest¥Scted Funds
4,672
4,672
4,672
4,672
4,6721
14.672}
4,672
4,672
Unrestricted funds
Total Funds
25,716
30,388
74,158
78.830
161,8341
166,506
38,040
42.712
Transftts
between
funds
Balance at
31 March
2023
Balance at I Incomlng
April 2022
Rèsources
Resources
Expended
Prioryeorcompamtive
Restricted Funds..
Covid Recovery Fund
Moving On Up
Total Restricted Funds
5,898
4.672
10,570
153981
14,6721
{10,570
4,672
4.672
4,672
4.672
Unrestricted funds
Total Funds
13,358
23.928
49,936
37.5781
148,Wl
25.716
30,388
5} Related party transactions, Trustees, expenses and remuneratlon
The Trustees all gtve freely thelrtime and expertise wtthout any form of remuneration o¥ other benefit in cash
or kind12023.' £nill.
No Trustees, or person related or connected by business to them has ￿ceiVed any payments or other benefits
from the charity during the year.
Trustee indemntty Insuran￿ is covered in the CharTty insurance policy.
6) Guarantees and Securities
At the year end, there were no potentlal Ilablllties for which the charity had provided guarantees nor did the
charity have any debts that had been secured by a charge on assets.
13