2023-06-30-accounts - Clothe ME - Thank You

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date 1[st] July 2022 30 June 2023

From

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1178825

Clothe Me – Thank You

Clothing Collective

1178825	1178825
5th Floor
167-169 Great Portland Street
London
Postcode	W1W 5PF

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
AntonyWroe	Chair
Karen Penney	Trustee
Alan Duncan	Trustee
Natalie O’Hare	Trustee - Treasurer
Annabel Bennett	Trustee	July ’23 onwards
Fiona Wilson	Trustee	July ’23 onwards
Margaret Breen	Trustee
Trudi Ballard	Trustee
Tom Wood	Trustee	Jan’23 - July ‘23

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Chartered Accountants	Bevan & Buckland	Cardigan House, Castle Court, Swansea Enterprise Park, Swansea, SA7 9LA

Name of chief executive or names of senior staff members (Optional information)

Antony Wroe

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document (eg. trust deed, constitution) How the charity is constituted

Constitution

CIO Foundation

(eg. trust, association, company)

Appointed by the existing trustees. Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
t rustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The relief of poverty or financial hardship, in particular but not exclusively, by providing grants via redeemable vouchers for everyday clothing to individuals and families in financial need. The redeemable vouchers are able to be redeemed exclusively at participating charity shops throughout the United Kingdom of Great Britain.

March 2012

TAR

Designed to bridge the gap between people that cannot afford to clothe themselves and their families by providing access to clothing stock held at charity shops. Clothing Collective provides a monetary value gift card redeemable in charity shops, enabling people in need to choose their own clothes with dignity without having to rely on clothing hand-outs.

The gift cards are distributed to people in crisis by our gift card distribution partners which are then redeemed at charity shops. When the cards are spent, a secondary benefit occurs by raising funding for the shops own charitable cause, returning the cash value of the gift cards back to the shops.

How does it work?

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Money raised through donations and online retail partnerships
Donations converted into gift cards
Gift cards distributed to people identified through a network of food banks, support agencies and other charities
Gift cards can be spent in any of our partner charity shops
Charity shops cash in the gift cards to benefit their own cause

Why is it needed?

There are daily studies on the increase of rough sleeping, homelessness and households in poverty, with recent examples showing an increase of nearly a third in rough sleepers over the past year, and pockets in large cities with two-thirds of children living in poverty-hit families. Reports show that more than one in five of the UK population (22%) is in poverty, and whilst food banks have appeared across the UK to provide support, there are less options for finding clothing.

The charity trustees declare that any debts and other liabilities of the CIO have been settled or otherwise provided for in full in accordance with its constitution.

Additional details of objectives and activities (Optional information)

March 2012

TAR

Clothing Collective partners with third party charities such as Food banks, shelters, and support agencies etc. who work with vulnerable people, identifying needs by assessing their requirements accessing clothes. By partnering with these third-party charities, they are able to distribute our gift cards on our behalf in a structured and professional environment which is vital to our operations, as Clothing Collective doesn’t distribute gift cards directly to individuals.

You may choose to include further statements, where relevant, about:

This year we have again managed to attract volunteers to join the charity who have been willing and able to make contributions to our development.

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

March 2012

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

This year has allowed us to continue the task of recruiting additional trustees who are able to contribute to the growth of the charity by strengthening our governance and corporate partnership development. We have managed to attract several celebrities who have been willing to support us in the role of Ambassadors which has aided the promotion of the charity.

We have reviewed and continue to review our social media output including our website and have established professional relationships with a select number of support agencies to help guide us in our digital development.

We are receiving increasing numbers of requests from other organisations seeking to partner with us where they are able to distribute our gift cards.

One of our main focuses in the coming year ahead is to identify corporate relationships to support the charity and the provision of gift cards. The implementation of entirely replacing our paper based vouchers with the Charity Retail Association own gift card has allowed us greater access to their larger network of nationwide shops as well as providing us with a greater financial management facility in terms of accounting for the gift cards redemption rates.

We were pleased to be nominated and won the Acquisition International – “ Non Profit Organisation Award 2023 for the Most Inspiring Nationwide Clothing NPO – UK ”

March 2012

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Section E Financial review

We hold enough reserves to meet any liabilities.

Brief statement of the

charity’s policy on reserves

Details of any funds materially None in deficit

Further financial review details (Optional information)

With the introduction of the CRA gift card, this allows the charity greater You may choose to include control of our finances as we are purchasing gift cards in advance where additional information, where we are able to monitor their use such as redemption or expiry from the relevant about: back-end portal the CRA provides to us.

the chari ty’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

We have met our key objectives this year in recruiting new trustees to the board.

Next year we are looking to secure more sustainable financing.

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charit y’s trustees

Signature(s) Antony Wroe Full name(s) Antony Wroe Position (eg Secretary, Chair, Chair etc) Date 12th September 2023

March 2012

TAR

CHARITY COMMISSIO FOR ENGLAND AND WALE Clothe Me-Thnk You- CollKIIv•- Receipts and payments accounts CC16a For th• pariod from 01107r2022 To 301CW2023 Section A Receipts and payments Unrestricted funds Restricted funds Endowment lunds Total funds LaBtyg•r trtlhg É to tho nvavvit£ to th• rarnBt£ lo n•ar¢•t£ to th¢ ne•r¢Dt£ A1 Recelpts Don8ti0ns & Grants Interest & Other Incorne 15.62 274 274 Sub tOtal(G5$ income forAR) 15,895 15,895 A2 Asset and Inv•%tment saks, (see tsblèl. Sub total IS,895 15,896 34,968 A3P8 m•nts Puf¢hase ofchanty gThl(rts I VOkKts Soaal Media l Mark1 Admin1str8knYe Expenses NPG Granl Startsr Pack 17.075 8.166 4.534 17,070 8,166 4,SJ4 3.785 2.188 1.936 Sub total 29.775 29.775 12,909 A4 Assèt and Inv•sknent purchas9¥, (S tablel Sub total 29,nS 29.T75 12.909 Net of rnceipts/(paymonts) AS Transfers between funds A6 cash funds last year end Cash funds thls yearend 13.880 13,880 33,956 20,076 33.956 20,076 11.896 33.958 CCKX R1 accounts ISSI 10108121y23

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Clothe Me – Thank You	Clothe Me – Thank You	Clothe Me – Thank You

30thJune 2023	Charity no (if any)	1178825

1 – 2 of CC16a

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 June 2023.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

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

Date: 12/10/2023

Signed: Name: Michael Jones Relevant professional ACCA qualification(s) or body (if any):

Address: Bevan Buckland LLP Cardigan House, Castle Court, Swansea Enterprise Park, Swansea, SA7 9LA

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

October 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

October 2018

IER