CARRIERS OF HOPE. COVENTRY CIO Registered Charity 1180105 A charitable incorporated organisation REPORT OFTHE TRUSTEES AND FINANCIAL STATEMENTS Year ending 31 December 2024 The Queen s Award forvoluntary Service eRS OR Circle Friends ei/kERERS
Carrief5 of Hope, Coventry CIO CONTENTS Page Report ofthe Trustees Relerence and Administrative Information 14 Report of the Independent Examiner 16 Statemenl of Financial Activities 17 Statement of Cash Flows 19 Notes forming part of the Financial Statements 20
Carriers ol Hope, Coventry CIO REPORT OFTHE TRUSTEES forthe year ending31 st December 2024 MESSAGE FROM THE TRUSTEES In 2024 Carriers of Hope faced a bigger task than ever. but the mission remained the same to welcome, support and empower people coming to Coventry as asylum seekers, refugees and migrants. To face the challenges, we had to increase the size and the complexity of our organisation,. we have taken on more staff and increased our use of information technology. While doing this we have constantly reminded ourselves of our underlying values. We are only getting bigger and more organised so that we can continue to offer friendship and compassion to more people. We must always treat the people we support with respect, and we must befriend the people we are seekingto empower. Crucial to keeping us focussed on our basic mission and our core values are the many people who first came lo know us as clients and who are now supporters, volunteers and even members of staff. Their experiences of coming to Coventryseeking refuge and asylum underpin all the work that we do. Because the focus of our activities is so grounded and so practical, many organisations have trusted us with their support again in 2024. We are grateful for the grants we receive from Coventry City Council, the National Lottery Community Fund. the West Midlands Development Agency and others. We are also grateful to large numbers of people in and around Coventry who continue to support us, especially with donations of food. furniture and household equipment. Gettingthrough the Covid years has been a challenge for us. Reaching 8 Stage where we are confident that our services are thriving has not been simple. Many people have been important in this, but I would like to mention three. Sue Sampson, our founder, gave us a clear vision and a strong set of principles; Andrew Sayers stepped in to give us wise leadership - on a voluntary basis - at a time of huge change and uncertainty,. Steffi Price. our new Operations Director comingto us from outside Coventry, has embraced ourvalu8s and invigorated the whole organisation. We are very appreciative of 811 they have done. This Annual Report will give you a lot of detail about what we have been doing over the past year. May l just add one personal observation- being part of the Carriers of Hope fa mily is a joyful and Iife-enhancing experiencel Peter O'Brien Ichair of Trustees}
Carrieis of Hope, Coventry CIO Report of the trustees continued OBJECTS The objects of the charity as set out in the constitution are.. To promote any charitable purpose, primarily for the benefit of Asylum Seekers, Refugees and New Migrants living in Coventry, in particular but not exclusively the advancement of education. the protection of health and relief of poverty and to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure ti me occupation of individuals who have need of such facilities by reason of their youth. age, infirmity or disability. financial hardship or social circumstances with the object of improving their conditions of life. PUBLIC BENEFIT The charity constitutes a public benefit entity as defined by the accounting standard FRS 102. The trustees have paid due regard to the Chaiity Commission's guidance on public benefit. The Charity meets its public benefit obligations by responding to requests from refugees, asylum seekers and migrants for support for thèmselves and their families. The support is provided either financially, in foodstutts. household requirements. baby requirements. education or support advice. VISION, MISSION AND VALUES OUR VISION That Covently is a place where Asylum Seekers, Refugees and Migrant Families are welcomed and inspired to rebuild thèir lives for a better future. OUR MISSION To provide a warm welcome, practical support and care to Asylum Seekers, Refugees and Migrant families in need. To befriend and empower individuals to be active citizens. To engage in Coventry's vision to become a Migrant Friendly City by working in partnership with other organisations. OUR VALUES Carriers of Hope offers.. Friendship and Acceptance and treats everyone with.. Respect 8nd Dignity, Love and Compassion. Honesty and Integrity, carried out in a spirit of Peace and Harmony. CHARITABLE ACTIVITIES AND ACHIEVEMENTS A Year of Grovrth and Progression In 2024. we proudly marked the 15th anniversaryof Carriers of Hope Coventry, reflecting on our incredible journey from a humble nappy drive to a vital lifeline supporting thousands of families with their practical needs. We welcomed our new Director of Operations. Steffi Price. who succeeded Interim CEO, Andrew in leading and taking Carriers of Hope fotward. Our new Food Hub Leader. Dani,
Carriers of Hope. Coventry CIO Report ofthe trustees continued implemented significant changes to our membership strategy. while our new Child Well- Being Worker, Liz. elevated the Let's P18yprogram. providingeven greater supportto young families. Carriers of Hope has grown and expanded notjust as a team but in ourfocus. This year, our focus has been on growth and progression - both in empowering our clients to achieve independence and in strengthening our organisation to meet rising demand and evolving needs with agility. We also ref ined our approach to data collection. ensuring the information we gather from clienrs is both relevant and comprehensive. This has enabled us to make more evidence- based decisions regarding project eligibility. helping us navigate increasing demand effectively and work more successfully with partner organisations to support our clients ever increasingly complex needs. In 2024. one of our biggest challenges was the sharp rise in demand for our services. This surge was driven by the government's accelerated processing of asylum applications and the growing number of people choosing to stay in Coventry. drawn by the city's exceptional support services. As a result. our client base expanded significantly. We received 378 referrals from professionals-an increase of 24% Compared to 2023 and registered 600 more client families than the previous year. This rapid growth underscored the i ncreasing need for our support and the vital role we play in helping families settle and thrive in their new community. Securing funds has also bean a major challenge in 2024. With the conclusion of EU funding for other organisations. more groups are now competing for a shrinking pool of available grants. Meanwhile, the cost-of-living crisis has placed greater strain on our clients while a150 reducing charitable donations from our community. Client Facing Events 2024: In 2024. we continued to host three weekly client-facing community events, each designed to meet a specif ic need. These events were developed with a focus on progression, bringing i n more professionals to support clients in a safe environment. With the added benefit of volunteer translators. we improved communication and removed barriers to access. Th is was made possible by our continued work on partnership that began in 2023. Beyond providing essential support, oui events also fostered a sense of community, giving clients the opportunity to build social eorkS and enhance their well-being. Our Weekly events: Community Drop In: During 2024 we transitioned our drop-in sessions to a fortnightly system. alternating between two distinct services. One week, we offer stalls and collections of essential household and children's items, while the following week focuses on community, connection, and registration.
Carriers of Hope. Covantry CIO Report ofthe trustees continued Our community registration sessions provide clients with social activities. time to register for our services, and direct access to our team. Partner organisations also attend with their own stalls, offering essential support. These organisations are supported by volunteer translators. who are available to help bridge language and cultural gaps, ensuring meaningful engagement. This approach improves accessibility. removes barriers such as transportation challenges, and provides direct support going beyond simple signposting, which is often ineffective due to the challenges mentioned above. In 2024. our Community Drop-ln was visited 2,334 times, distributing 1.739 crates of essential items to our clients- helping to alleviate the effects of poverty and isolation. World Foods Food Hub: The c05t-of-living crisis in 2024 led to an increasing demand for food support. In response, we adapted our membership structure, introducing Ihree levels: weekly support Ifor those with no income), fortnightly support and monthly support. To further empower our clients, we partnered with Mosaic Hope Centre to offer budgeting and cooking courses. helping individuals prepare nutritious meals. Additionally. through our collaboration with the Household Support Fund. we provided clients with access to public funds for ad-hoc sUPPOrt during diff icult times. We also strengthened partnerships with local charities and shops, rescuing perfectly edible food from Coventry's landfill. This initiative not only reduced food waste but also ena bled us to otter high-quality fresh food to all our mèmbers and grow our membership to 150 families. In 2024, our Food Hub was visited 1902 times providing a week's worth of food to 5,924 individuals. Through the Food Hub we also delivered 10 our clients. 52 rails of clothes, 670 dental packs, 210 blankets, 648 packs of cleaning wipes, 2,440 toilet rolls, 3.000 soaps and shampoos, 400 toys and 368 Sim Cards supporting digital inclusion. Like all OLtr client events, partner organisations attend with their own advice stations supported by our client volunteers: these include Watch Digital Inclusion, Citizens Advice, St Francis Employability and others. L8t'$ Play: With the introduction of our new Children's Wellbeing Worker, Let's Play has flourished, with attendance increasing by 170%. We now offer specialised education sessions on key topics such as potty training and collaborate with family support organisations, including Women's Law specialists, Family Hubs. libraries, and health professionals. These partnerships help break down barriers our clients face. empowering families to build brighter futures for their children. We have also developed 8 singing program thal encourages both mothers and children to learn English, alongside craft sessions designed to introduce essential classroom skills from an early age
Carriers of Hop8. Coventry CIO Report of the trustees continued PROJECTS AND SERVICES PROVIDED IN 2024: Furniture Project: House to Home, our furniture project, focuses on repurposing high-quality furniture, appliances, and household items to support clients as they move into their f irst homes in the UK. Our dedicated team of volunteers and drivers collects large items from the local community. while donors also deliver goods directly to our warehouse. In 2024, we furnished 304 homes. delivering 2.551 items to families in need. To help clients settle in quickly. we provide emergency packs containing essential items.. Something lo sleep on Something to sit on Somethingto cookon Bedding and a kitchèn packwith pots, pans, plates. and cutlery Through this initiative. we ensure that every household starts with the comfort and dignity they deserve. Baby Project: Our Baby Project supports mums and babies from pregnancy through to toddlerhood, providing seamless care in collaboration with our Let's Play event. As children grow, we connect families with Let's P18yto ensure ongoing support and engagement. We provide ourwell-knownyellowbag. packed with everything a mum might need for giving birth in the hospital. Beyond that. we supply essential equipment for every stage of early childhood, including cots. highchairs. baby baths, bottles, and nappies. Working closely with the Asylum Seeker and Refugee Midwife, we ensure that every mum has a safe car seat to bring her baby home for the first time. In 2024, our project helped welcome 141 newborns and supported an additional 157 families. delivering a total of 864 essential items. School Uniform Project: This year we used the detail on our database to ensure we invited the parents of every child changing schools for our uniform support. 215 families in total vvere invited and 102 families collected. We distributed £2,705 to enable pupils to attend school with pride and build a bright future. Christmas Project: This year, we reimagined ourchristmas project as two separate events-a festive partyand a dedicated toy collection-creating an even stronger sense of community during the Christmas season.
Carriers of Hope. Coventry CIO Report of the trustees continued The party was a tremendous success, bringing families together with multicultural food, Santa's grotto. games. live entertainment. and engaging children's activities, all fostering the warmth of one big family celebration. Using our database, we carefully identified families in need with children aged 0-18 and reached out directly. ensuiing that support went to those who needed it most and that no child went without a gift. In total, we supported 396 children from 173 families. This was all made possible thanks to the incredible generosity of Mission Christmas, which supplied 600 gifts for our young clients. Additionally, extra gifts for teenagers were donated to the Positive Youth Foundation, ensuring their clients also felt the generosity of the season. Communlty Allotment: Our community allotment continues to offer volunteering and wellbeing opportunities for our clients and food for our World Foods Food Hub. HARP: This year. we proudly took part in the ciwide Health Access for Refugees Progr8mme, a vit31 initiative designed to connect our clients with GPS the essential gateway to thè NHS- by breaking down the barrieis theyface in accessing healthcare. Through this project, we provided hands-on support, helping families understand medical letters, register with GP practices, navigate the NHS app, and book appointments. Our work exiended beyond one-on-one assistance, aswe also offered guidance through a dedicated help desk and by beingpre58nt at Let's Playand BabyM8ssage sessionsforyoung mothers. In total, this initiative made a meaningful impact on 212 familie5, ensuring they could access the healthcare they need with confidence. OTHER WORK I ACTIVITIES: Client Conne¢tion Team: This year, we expanded our client connection work, focusing on ensuring we collect meaningful data to better support and empower our clients as they build bright, independent f utures in their new home. Collaborating with partners across the city. we developed clear referral pathways to essential services. ensuring families could access support for legal. educational. financial, and health-related challenges. We registered over 1,700 families. representing more than 4,500 indiwduals, strengthen ing our ability to connect them with the resources they need to thrive.
Carriers of Hope, Coventry CIO Report of the trustees continued Volunteers: In 2024. we strengthened our volunteer training programs, equipping our team with essential employability skills. This included a five-week. in-person volunteer training program and access to Flick Training. an online platform offering accredited workplace courses. These courses provided foundational English support through both written content and narrated guidance, ensuring accessibility for all. We also enhanced our induction process by introducing structured sessions and one-on- one buddy support. fostering a welcoming and supportive environment for new volunteers. Additionally. through our membership of the Voluntary Action Coventry network, we expanded our reach, creating a more inclusive and diverse volunteer team that brings a wealth of skills and knowledge to support one another. By the ènd of 2024. wè proudly had 128 dedicated volunteers, including 90 client- volunteers, all playing a crucial role in our mission. Clrcular E¢onorny: We actively participated in the WMCA Circu18r Economy project, aligning with Coventry's environmental goals to Teduce waste through our House to Home project. Baby Proj8Ct, World Foods Food Hub, and Drop-ln event5. A standout achievement was our collaboration with Warwick University, where w8 repurposed kitchenwaie, food. and household items from outgoing international students. This initiative led to a Pay.What-You-Feel sale for incoming students. raising È6.000 for our services, diverting 8.5 tonnes of waste from landfill, and ensuring Surplus items werg distributed to our clients. This partnership has now evolved into a year-round initiative. with Warwick University donati ng useful but unneeded items to Carriers of Hope, further supporting our families while promoting sustainability. Partnership$= In 2024, we proudly joined the Our Coventry project. a new initiative bringing together key Support services for refugees and asylum seekers across the city. By streamlining our support, we are ensuring that clients have greater opportunities to progress and build bright, independent futures. We also remained active in the Migration Network and Coventry Food Network, strengThening partnerships with like-minded organisations. Through networking and outreach, we extended our reach to engage additional services eager to connect with our client base. This collaboration has also provided opportunities for agencies to benefit from our dedicated volunteer translators, further enhancing support for those who will benef it. Accommodation: Our main premises remain at Unit 4B. Lythalls Lane Industrial Estate. Lythalls Lane, Coventry CV6 6FL. This site seNes as ourcentral hub, providing storage forfood and
Carriers of Hope. Coventry CIO Report of the trustee$ continued e$sentl81 items for our clients. as well as housing our off ices. In 2024, funding for this site utilised all our designated premises reserves: however. moving into 2025, we have secured grants that will cover the full costs for the next 18 months. allowing us to rebuild these reserves. Our responsibility for Clothing Coventry's Warehouse at 19 Napier Street continued in 2024 and the lease was formally transferred on October 26 , 2024. We continue to host Let's Play and the Community Drop-ln at Hillfields Church, Waterloo Street. Our partnership with St Mark's Church and YWAM also continues, where we deliver the World Foods Food Hub at St Mark's Church, Bird Street. Thanks to the generous provision of these spaces by the churches. we can offer support to our clients right in the heart of their community, making our services highly accessible across the city. Lead8rship and governance: In 2024, we appointed a new Director ot Operations and Partnerships. along with a Client Response & Warehouse Manager and a Food Project Leader, in line with the plans we set out in 2023. We also recruited a new Child Wellbeing Worker following the resignations of our Children's Team Leader, Alysia Cannock, and our Education, Training, and Employment Worker, Dr Lin Armstrong, Andrew, our interim CEO. stepped back to allow the Director of Operations to take on full leadership. Additionally. Sue Sampson. who founded Carriers of Hope 15 years ago. retired from the organisation. By the end of2024, ourteam had included 14 paid staff members. The structure of ourtearn at the close of the year is outlined below. their employment accounts for 6.2 FTE: OUR PLANS FOR THE FUTURE The needs of our client base and the environment in which we operate continue to evolv8 rapidly. In 2025, our focus will bè on strengthening the organisation through enhanced financial. physical. and human resources., while building greater agility to ensure we can quickly respond to changes and better support our clients. Money and Funds: Our Director of Operations continues to actively identify and secure large grants and will begin a community fundraising focus in 2025. Strengthening ourTeam and Leadership: In 2025 we will undergo a full strategic restructure of our team, ensuring all our roles still actively support our mission and current client needs. We will look to place our current staff in positions where their skills will be most valuable to the organisation and recruit new skills. We will place an active preference on our client volunteers and lived experience when recruiting for new roles improving progression opportunities within Carriers of Hope. io
Carriers of Hope, Coventry CIO Report of the trustees continued Pathways to Progression: With the successful allocation of a 3-year grant from the National Lottery's Reach Communities Fund, we will place greater emphasis on our pathways to progression work. This will involve strengthening our client connection team. incorporating a focus on progression into the design of all our projects. developing stronger partnerships, and inviting more relevant organisations to our client-facing events to provide additional support. Cllent Volunteers: We will continue to enhance our volunteer programme for our clients, incorporating employability skills to support them in securing paid employment and achièving greater independence. Database of Local Support Services: We will centralise the information our team members gather through individual networking, sharing our knowledge clearly and simply, allowing each client to get the best support available in Coventry. whatever their issues and whichever team member they approach. Active donor funding agreements.. receipts during the period. Fund Natlonal Lottory-community Fund (Cost ol Living Fundl Coventry Food Network WMCA Environmental Fund Alan Higgs Fund Coventry City Coun¢ll HARP Si Mark5 Church Coventry Buildin8 Soelety Coventry City Coun¢il VoluntaryAction Coventry Soothern & Cranor 8al$all Common Llons Amount Purpo80 £75,000 Grant to support families with Food E26,854 £25.000 £15,000 E15.¢)00 £5,750 £5.000 E3.333 £3,000 £2.500 £650 Food atworld Foods Food Hub Circular Economy Project Children's Well Being Worker Health services access foi our clients General project support Food at World Foods Food Hub Our Coventry Migration Project Volunteering lairs and events School Uniforms project for girls World Foods Food Hub Support APPRECIATION The trustees wish to record their very grateful thanks to all our staff and volunteers, our partners, our business supporters, the City Council, the funders and the regular donors, without whom we couldn't do this work. These people make the charitythe success that it is. The trustees are also indebted to all the volunteers who have generously given their time to carry out the charity's activities. li
Carrters of Hope. Coventry CIO Report of the trustee$ continued FINANCIAL REVIEW Comparative data for the previous year 8re (brack8ted) The result for the year was net expenditure £132.812 (net expenditure £5,232) Although income was around £183,000 lower than the previous year. we managed to cushion the eff ect on charitable expenditure which fell by around £65,000. The overall net expenditure of £132,812 was largely attributable to costs which. in the absence of specific funding receipts during the year, had to be covered by reserves brought forward, namely salaries £107,100 1500h of total salaries) of which 29% was covered by specific restricted funds brought forward. and warehouse rent £32,686. This is the first year for which warehousing costs were not funded by Specific restricted donations. Total Income was made up of cash-based sources £263.3081£443,8191 supplemented by receipts of donations-in-kind. both of used household items £53,074 1£52,5251 and foodstuff s received under an arrangement with Fareshare £29.0501£31,9041. Note that the receipts-in-kind are in turn expensed in the accounts at the same value. The majority of the cash income was donations É235.5001£422.0381. of which £165,241 1£297,2321 was restrict8d. The remaining ¢a$h income comprised £10,2321£17,0171 arising from voluntary nominal contributions made by beneficiaries for food donated to them, trading income £11.729 (explained in note 3 to the accounts) and investment income £5,847. Total expenditure was £478,2441£533,4801 of which cash spend accounted lor £384,261 1É449,0511. The remaining expendirure comprised donations of amounts-in-kind described earlier, depreciation £3,535 IE12,2271 plus fund-raising costs of £131 1£2,3481 borne by being netted off the income received. The overall expenditure on charitable activities was £466,3851£531,1321. Closing funds totalled £270.0511£402.8631. ofwhich bankand cash balances amounted to £239,9731£339,2631. Risks The trustees have ex8mined the major risks which the charity faces and confirm that through a combination of public liability insurance. the development of int8rnal policies especially on child protection and health and safety, internal financial controls and prudent investment policy, exposure to those risks is minimised. Regerves Policy: The Finance. Risk and Audit Committee of the Board of Trustees IFRAI keeps the reserves policy under review to ensure it meets the charity's changing needs. The breakdown of funds can be found in note 11 to the accounts on pages 23 and 24. Restricted funds- Almost half the f unds carried forward are restricted, therefore obliging trustees to apply them only to specific purposes. Much of the remainder is designated by the trustees in recognition of the need to protect the ongoing capability of the charity against a background of uncertain income streams. 12
Carriers of Hope, Covgntry CIO Report of the trustees continued Designated reserves: Only 5% or so of monetary income is on a structured, recurrent basis. The remaining 95% arises trom trusteeslstaff making opportunistic applications for funding, and general appeals for donations. plus the spontaneous initiative of generous donors who support the charity. The consequence is that the financial structure is not as robust as we would like for a charity on which so many people are dependent. Most of the charity's beneticiaries are critically dependent on its ongoing support, so the charity feels vulnerable to the unpredictability of its sources of income. It aims to safeguard its ability to meet critical spend by designating certain reserves. Given the central role of stafl, we wish to protect our ability to meet payroll costs, which amount to £220,000 annually. In addition, our storage premises. with annual overheads of over £58,000. are also critical to our operations. Whilst restricted donations do cover some of these costs, we have therefore designated reserves to piotect our ability to meet six months of that amount to allow a measured approach to 1dent1.ng a means of recovery. To that end the designated reserves fund at the end of 2024 was £90.000. This will be reviewed and topped up fiom general unrestricted funds during 2025 if neèded. New tunds: In the face of the risks and challenges describéd above to maintain the existing level of operation5, trustees need to seek new sources of significantly incremental income. In late 2024 a three-year funding arrangemant wa$ secured with The National Lottery starting in 2025. Golng Concern: The trustees consider that there arè no material uncertainties about the charity's ability to continue to meet its financial obligations during the 2025 financial year through to the issue of the next Annual Report in 2026. The comments above under Reserves Policy explain the trustees. concern over the risk associated with the charity's dependence on uncertain income streamsand includes an explanation ofhowthey manage that risk. INVESTMENT POLICY There are no restTlCtions on the tiustees, powers to invest. The investment strategy is prudent. Other than working capital requirements. funds are placed on intefest-earning deposit. STRUCTURE, GOVERNANCE AND MANAGEMENT Carriers of Hope, Coventry CIO is constituted as a Charitable Incorporated Organisation under the Charities Act 2011 and a registered charity, number 1180105. The charity originally commenced its activities in 2011 as a charitable trust. which continued until the end of 2019 after which the CIO. newly created for the purpose, assumed 811 its activities, assets and liabilities. The charitywas created by Mrs S M Sampson. now retired; to assist asylum seekers and in its re-constituted form it also embraced the needs of refugees and new migrants living in Coventry with a primary aim of improving their conditions of life Ihrough donations of household requisites. furniture and equipment. More recently those aims have been supplemented by helping families based on home visits to assess their needs. In the 15 years since its formation it has steadily grown, enabling it to SUPPOn more and more refugees and asylum seekers. 13
Carriers of Hope, Coventry CIO Report ofthe trustees continued The trustees are co-opted and seNe for a term of 3 years after which period they may put themselves forward for re-appointment. Newly appointed trustees undertake induction and are f8 miliarised with trustee responsibilities by reference to the publications of the Charity Commission and to the latest Annual Report ofthe Trust. The full board of trustees meet at least four times each year and determine the broad strategy and areas of activity Ot the charity. They approve all expenditure except that spent for one off items by the Treasurer under delegated authority up to £500. In addition, sub- committees of the board exist for both HR and Finance Risk & Audit and each of them meet quarterly ahead of the board meetings. Operational activities such as fundraising and charitable activities are perlormed by voluntary helpers who themselves include beneficiaries of the charity. All trustees give their time voluntarily and receive no benefit from the charity. REFERENCE and ADMINISTRATIVE INFORMATION R8gistration details The charity is a Charitable Incorporated Organisation ICIOI registered with the Charity Commission under rhe name of Carriers of Hope, Coventry, registration number 1180105. Trusteoswho Sorved durlng 2024 Name of Trustee Date of appointment 6 September 2023 CurrentTerm expires 6 September 2026 Elizabeth Ann Thomson Val Lewis 29 Sèptember 2021 11 September 2027 Dillion Duma 29 September 2021 11 September 2027 Peter O'Brien 29 September 2021 11 September 2027 Andrew Sayers 29 September 2021 11 September 2027 Lucinda Croft 19 September 2022 09 September 2025 Hava Foric 21 February 2024 21 February 2027 Patricia Towner 21 February 2024 21 February 2027 Gloria Adusu 4 March2024 4 March 2027 Guteh Blandine Babey 21 February 2024 21 February 2027 Resigned September 2024 Resigned September 2024 Alvaro Grana Kirsty Mabbott 27 September 2021 29 Septembef 2021 14
Carriers of Hope, Coventry CIO TRUSTEES, RESPONSIBILITIES IN RESPECTTO FINANCIAL STATEMENTS This annual report and statement of financial activities have been prepared on an accruals basis and satisfy the requirements of the Charities SORP 2015, Accountingand Reporting by ch8rities in accordance with the Financial Reporting Stand8rd 102. The trustees have selected suitable accounting policies and intend to apply them consistently have made judgements and estimates which are reasonable and prudent confirm that the attached statement of accounts has been Pfepared on a going concern basis and complies with applicable accounting standards and statements of recommended accounting practice The financial statements have been independently examined,. they have been prepared in accordance with the accounting policies set out in Note I to the accounts and comply with the charity's trust deed and the Charities Act 2011. The trustees ale responsible for keeping accounting rècords which disclose with reasonable accuracy 8t any time the financial position of the charity and enable them to ensur8 that the financial statements comply with the Charities Act 2011 . They are also responsible for safeguarding the assets of the charity and for taking reasonable steps to prev8nt and detect fraud or other irregularities. Approved by the trustees and signed on their behalf by Date... Andrew ayers. trustee 15
Carriers of Hope, Coventry CIO INDEPENDENTEXAMINER'S REPORT TOTHE TRUSTEES OF CARRIERSOF HOPE, COVENTRYCIO I report to the charity Injstees on my examination of the aCUnIS of the charity for the 12 months ending 31 December 2024 on pages 17 to 24 following, which have been prepared on the basis of the accounting policies sel out on page 20. Responsibilities and basis of report As the charity's trustees land ils directors for the purposes of company law) you are responsible for the preparation of the accounts in ac£ordance with the requirements of the Companies Act 20061.lhe 2006 Acl'l. Having satisfied myself that the accounts of the CIO are not requId to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity s accounts as Caled out under section 145 of the Charities Act 20111'lhe 2011 Acl'l. In carying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement Since the CIO'S gross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Instilule of Chartered Accountants in England and Wales, which is onè of the listed bodies. I have cornpleled my examination. I confirm that no matt8rs hav8 come lo my allenlion in connection with the examination giving me cause lo believe: 1. accounting records wère not kept in respect of the CIO 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 sèciion 396 of thè 2006 Act other than any requirement that Ihe accounts give a 'lrue and fairf 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 th8 Slalement of Recommended Practice for accounting and reporting by charTlies lapplicable 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 concems 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 accounls lo be reached. Signed Dale Michael Pery BA Hons, FCA. Chartered Accountanl. 1 Beechwood Croft, Kenilworth, Warwickshire CV8 1 GX 16
CarrieTs of Hope. Covanlry CIO CARRIERS OF HOPE, COVENTRY CIO Restered Charity No. 1180105 STATEMENT OF FINANCIAL ACTIVITIES 12 months ending 31" December2024 37 08c¢mbor2023 31 December2024 Note Totsl INCOME from: Unr•sthÈ¢•d Total 124.806 297.232 422.0 Monetary donations 70,259 165.241 23S.$00 Non-monetary donations- 52,525 52.52S -used goods 1c 53.074 53,074 31,904 31,904 -foodstuffs IFareSharel 29,050 29,050 17,017 17.017 Other Chafitabl& Aciivities 10,232 10.232 324 Trading income 11,729 11,729 4,440 440 Investment Income.. 5,847 5,847 213.999 314.249 28,248 Total In¢om8 169.958 175,473 345.432 EXPENDITURE on". 188.642 342.490 $31.lJ2 Charitable aciivities 235.635 230.750 488,385 2,348 Fund r8ising costs Trading costs 131 11,729 11,729 19,99Q 342.490 533.uo Total Expenditure Net lexpenditur81 I Incoma 1£5.2321 during the year Add.. Releaso of income deferred from 2022 Total Id•¢reasel l incr8a$e in funds during the year 247.494 230,750 478.244 È23,009 IE28,2411 177,53SI 166.2771 1132,8121 131.866 131.U6 .É2J,009 É103.425 É126.434 177.5351 155,2771 1132,8121 STATEMENTOF FUNDS J1 D•cernbér 2023 31 December 2024 AtrIct•0 Total 23.009 103,425 126.434 Net Idecreasel l increase in funds reported above 177.5351 155.2771 1132.8121 146.933 129.496 276.429 Add total Funds brought forward at beginning of the ear Total Funds carried forward at end ofthe year 169.942 232,921 402.863 £169,942 E232.921 E402, £92,407 £177.644 È270,051 lffjinoi thscrepanoe5 inadditiorts areduetorguDdingi 17
Carriers of Hope, Coventry CIO CARRIERS OF HOPE. COVENTRY CIO Regi$iered Ch8r1ty No. 1180105 BALANCE SHEET at 31" Dacember 2024 Not8 31 December2024 De¢*mb•r 2023 4,129 TANGIBLE FIXEDASSETS 10 593 Current assets Prepayments & Debtor8 67.067 40.859 10.5 103.325 IG4.267 116,136 47,279 52,151 24,3SI 56 Redwood Bankdeposit account Natwesr Bank Current Account Reliance Bank Current Account Cosh in Hand 81.415 49.876 379 339,263 Total 88nk8nd Cash Total current assets Current liabilities.. crediiors Net current as$818 239,973 280.833 111.3751 400,3 17,6981 398,734 269,458 E402.863 TOTAL ASSETS É270,051 FUNDS OFTHE CHARITY Balance at bèginning of the year 276.429 402.863 131.6 Release of deterred income 15,2321 Net Idecreasel in funds during ihe year: _ 1132,8121 E402.863 TOTALACCUMULATED FUND CARRIED FORWARD É270,051 Approved on behall of the t¥usiees, signed Andrew ayers, trustee 18
Carriers of Hope. Cover)try CIO CARRIERS OF HOPE. COVENTRY CIO Reg15tere(J CharityNo. 1180105 STATEMENT OF CASH FLOWS 12 months ending 31 Docomber 2024 31 Dec•rnboi 2023 31 Lle¢4mbar 2024 Cash provided by op8iatingActivitie$ Net lexpenditurel during the year as reported in the Statement of Financial Activities Adjustments to giiminate non•operating activtties from the above result: Investmènt activity= bank interest 15,2321 1132,8121 14.4401 15,8471 18.8941 Change in debtors Change in cr8ditofs 26.208 16,5961 3.779 12,227 Non-c8sh transactions.. fixed assets, depreciation 3,535 112,9351 Net cash Icon$umed} I provlded by Oporatlng Activrtl•s {105,1371 Reconclllatlon of net Income to net cash flow trom •ll ocllvltle8 31 D¢¢embor 2023 31 D•£•mb•r 2024 Cash flows arislng from all activities 112,93SI Net cash Iconsumedl by operating activities18s above) Additional c8sh flows during the year.. from investing activities.. bank interest income {D•¢reag01 in cash durlngthe perSod Add ¢ash brought forward from previous yeai 1105,1371 4.440 5,847 18,4951 {99,2901 347,758 339,263 2339,263 Total cash at the gnd of the year £239,973 19
Carrter5 of Hope, Coventry CIO NOTES FORMING PARTOFTHE FINANCIAL STATEMENTS 1. Principal accounting policie$ al Basis of preparation The financi81 statements are prepared under the historic cost convention. The accounts have been prepared in accordance with the requirements of the Charities SORP IFRS 1021 effective January 2019, the Charities Act 2011 and with the charity's founding constitution. bl Resour¢e$ recelved and expended Income and expenditure are included on an accruals basis except for voluntary donations income which is accounted for only when received or pledged I contractually owed to the charity at the end of the financial year and is known to have been received subsequently. c) Donated Goods Used furniture, equipment and other household goods received from donors for onward distribution to beneficiaries are in the accounts as both income and expenditure at an estimate of their open market purchase cost. Donations received of bags of foodstuffs. toiletries and other personal r8quir8ments for onward distribution are likewise included in the accounts, at an estimated replacement cost of £15. Income from the above donations is recognised in the accounts at the time of onward distribution, so there is no carrying value for goods still on hand at the balance sheet date. dl Re$our¢e$ Expended Expenditure is included on an accrual's basis inclusive of irrecoverable VAT. Expenditur8 on charitable activities comprises costs incurred in the delivery of its activities and services for its beneficiaries. e) Governance and support ¢o$ts These costs are apportioned to charitable expenditure proportionate to expenditure on each Charitable activity. fl Fixed asset5 Capital items costing £1,000 or over are written off over 4 years. 20
Carriers of Hope, Coventry CIO Notes forming part of the financial statements 2. Charitable Expenditur• Charitabl¢ Activity Totol grnbol 202J 0pr. Cost4 HtvJ**. 182,998 Furnitr• ProS•ct 188,328 29,360 1.937 53.074 40.356 45.39S 3,535 1.071 13.598 178,237 Food Hub & Assoc. ¢ost8 131.002 20,423 52.$29 29.050 22.002 1.672 2.839 66,683 CIIonteonl4ct IHorn• Vi¥lt8 105,826 16.490 2.7 74.128 2,018 1.405 51.838 Chlldf•n's Work 38,803 6.049 25.831 119 46,012 Clothlni Co¥•n 847 L•irnln¢l 2,427 378 so 1.988 4,260 Oihor C&¥h DonaiioTr8 457 City Aicad• 531,132 TOTAL 486.38S 72,70. •4.171 83.074 111317 1•,9eo Minowth8crepancJea ltn&te duetDrountting ' ADalys1s of support cos Salaries. Managtsmènt &Admini8tI• $8.873 IOTAL 72.709 3. Trading A payroll service is provided to a Ioc81 charity and is invoiced at cost. The charity was created in 2021 to carry out clothing collection and distribution activities originally performed by Carriers of Hope CIO. The charity is otherwise totally independent of Carriers ot Hope CIO and does not share trustees. 4. Prepayments & Debtors 2024 2023 Accrued income Irec8iv•d J8nu8rylM8rch 20251 HMRC GiftAid Prepayments- insurances Reimbursement TOTAL 35.298 3,916 1,645 55,271 4,678 2,118 5,000 £67,067 £40,859 21
Carriers of Hope, Coventry CIO Notes forming part of the financial statements 5. Delerred income: release in prior year12023} A new off ice of paid Chief Executive was created in 2022. The role was funded by a specific donation, received in 2022. which was restricted to the purpose of covering approximately the first three years, costs of the incumbent. The position was taken up by a probationary appointee but was vacant at the end of 2022. With no prospective candidate in sight the amount of unspentfundingat the end of 2022. £131.666. wasdeferred in the 2022accounts until such time as the fund could be capable of being spent in accordance with the terms of the restriction. With the appointm8nt of a new Chief Executive in 2023 the deferred balance was released to that year's income, but on a separate line to enable the underlying net income for that year to be distinguished. 6. Creditors 2024 2023 HMRC NI & Smart Pensions: Decernb8r 2024 payroll Clothing Coventry Charity: clothing supplies St Marks Church: cleaning M Perry: Independent Examination fee Daisy Communications Ltd.. mobile phone Mosaic Brew Calé- catering Tom White Waste Ltd= skip service Coventry City Council: rent 5,477 3,000 1,237 950 356 275 80 3.851 950 2.795 £7,596 £11,375 7. Remuneration, Independent Examinerfee and staff costs The Charity employed an average full-time equivalent headcount of 6.2 12023: 5.11 during the period for a total cost, including employer costs. of £219,190 12023: £223,287). AII individuals worked in supporting the charitable activities of the Trust. No other salaries and no employee benefits were paid in either period. The independent examiner's fee was É950. 8. Payments to trustees Three trustees claimed reimbursements of expenses totalling £935 12023: 4 trustees £1,9961 which were incurred in the performance of the charity's charitable activities. The amounts were reimbursed for purchases of goods on behalf of the charity and for travel costs. 22
Carriws of Ho. Coventry CIO Notesforming part of the financial statements 9. Volunteers The Charity has a pool of approximately 128 volunteers 12023.. 1531 whose role is fully described on page 9. 10. Flxed As$et$ T¢)tsl otor VehiclB¥ Wara- hov$¢ Fixtur*5. Fitting9 & Equipment OffKe Food Hub Equlom¢nl FittinRs & Equipmont COST Fixed Asset5 at bewnningand end of ihe year 48.914 21,054 24.502 2,219 1.140 DEPRECIATION Provi8ions at begirbninqof fheyeor Additions to pro810n9 duringtheyear 144.7861 I20.7)) 120.7291 12.2181 13,6351 13521 13.1831 Total piovlsloThs at •nd of Ih•y••r 148.321 121.0531 123,9121 Net Book V¥lue 31 De¢¢mb¢r 2023 4,129 353 3.774 Not BookV•lu• 31 D•c•mb•i 2024 693 FUNDING OF FIXÉD ASSETS Totsl mOr Vohicies W•r•- house Fixtyr•$, FiiiiDy & Equipment oitic Fix¥uie5. Fittin8s & Eguipirwfii Food Hub Equlpment NETBOOKVALVÉ Restricted Funds Unresiricied Funds Tot8131 D•eèmb•t 296 297 295 295 2024 11. Funds The reserves policy ol the charity and explanation of the designated fund 1$ set out above on pages 12end 13. Unrestrieted Gan8ral R8Stricred TOTAL Designated FurTrd5 blt 1 Janupry2024 Net lexpenQitur¢l tluringtheyegr Transfers Subioials Unrestricied lunds Funds cll 31 Decqmber 2024 56.011 177,5351 34.000 12.477 102.477 124.000 222,852 155,2771 402,863 1132.8121 134,0001 167.574 270.051 23
Caniers of Hope, Coventry CIO Notes forming part ofthe financial statements Summary byfund Opening balance 1 January 2024 Ner Income IExpendiwrw} in 2024 Capital.. 0eprecia1 ch4rgq Tian$lers In lout) Funds clmd 310etÈfflber 2024 FUND Unrestri¢ted Funds General Designated Subtoial- unre8trletedlund$ A•8trletod Fund A E Higgs ARM TIu$i Benefactor.. WMiehou8olShop to$t Baby 8885 appeal Big Loit8ryCommunity FunLI Carriers Bgfrifjnding Chiisimas Appe81 Cost of Living Community Coventry City Council HARP Coventry City Coun¢ilOur¢oventry Cl¢rhingCoventry Eveson Trust Food Hub N8tionalGrid- Fuel Poverty Start tor Life (Car seat projecti Trav81 Suppoit Fund Uniform$ appeal WMCA Circular Economy Project Subtotal réAtrlet•d lund $6,011 124.OfKI 180.011 175,0621 12,4731 34,000 134.OODI 12,477 90,000 102.477 175.0821 12.4731 4.689 131.9661 19.1631 4.689 68,037 100.593 9,183 6.167 321 11.226 5.285 377 15901 5,051 19,2521 1,974 3,354 2,696 6,198 27,123 2,319 2.518 27.123 13541 354 5,001 66,886 8.6*) 2,598 126,2861 11501 40.450 15951 525 11,4001 4.365 154.5361 155,2771 2,003 688 4.365 187,574 222.852 17401 Memo.. ner•xpenthtwe.iest11Cted luDdg TOTAL FUNDS 402.863 1129.5981 13.2131 270,051 Memo nel ineom• r•gth¢i•dlund¥ 24