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 ￿e￿orkS 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 aC￿UnIS 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 requI￿d 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 Ca￿led 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
Re￿stered 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
A￿trIct•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
0￿pr￿.
Cost4
HtvJ**.
182,998
Furnit￿r•
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 ￿l￿￿t￿n&￿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$¢
Fixtur*5.
Fitting9 &
Equipment
OffKe
Food Hub
Equlom¢nl
FittinRs &
Equipmont
COST
Fixed Asset5 at bewnningand end of ihe
year
48.914
21,054
24.502
2,219
1.140
DEPRECIATION
Provi8ions at begirbninqof fheyeor
Additions to pro￿810n9 duringtheyear
144.7861
I20.7￿))
120.7291
12.2181
13,6351
13521
13.1831
Total piovlsloThs at •nd of Ih•y••r
148.321
121.0531
123,9121
Net Book V¥lue 31 De¢¢mb¢r 2023
4,129
353
3.774
Not BookV•lu• 31 D•c•mb•i 2024
693
FUNDING OF FIXÉD ASSETS
Totsl
mO￿r
Vohicies
W•r•-
house
Fixtyr•$,
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