Clothing Coventry Trustees, Annual Report and Financial Statements for the year ending 31 De￿rnber 2023 Clothing Coventry is a CIO registered in England and Wales Registered Charity number: 1197270 19 Napier Street, Coventry, CV15PR CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENTS 2023 Pagel I Contents Reference and Administrative Details...... Clothing Coventry Trustees, Annual Report. Independent Examinerfs Report to the Trustees of Clothing Coventry. Receipts and Payments Account............... Statement of Assets and Liabilities....... Notes to the Fihancial Statements . Reference and Administrative Details Registered Charity 1197270 Bank CAF Bank Address: 19 Napier Street Coventry CVI SPR Trustees David Wilson Natasha Leese Gregory Sampson David Budd CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENTS 2023 Page12 Clothing Cnventry Trustee ' Annual Report Objectives and Activities SORP reference Summary of thé purposes of the charity as set out in its goveming document Para 117 The prevention or rellef of povety for the publlc benefit in Coventry and the Surrounding ar8a through the prowsion of donated clothing to individuals In need. Fumishing and rental of storage to store and organise dothes for distnbution, and to provide a central drop off point for donatsons. Purchasing additional clothes for distribution that either could not be donated for hygienic reasons (e.g. underwear) or where there are not enough donations (e.g. men's coats for refugees, or plus-sized dothes) Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services Identifled In the accounts. Parn 1.17 find 1.19 Specific provision for a school uniform project, including a paid co-ordinator to liaise with schools and arrange donation events. Trustees have conb'nuously had regard to the guidance issued by the Chanty Commission on public benefit. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Clothing Coventry is grateful for the work done by volunteers, and none of Clothing Coventry's projects would be possible at the moment without our volunteers. When we survey volunteers they talk about being part of the team, and we want to build on that in future years. Para 1.38 Gontribution made by volunteers CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENTS 2023 Page14 The trustees have declared that they have approved the trustees, report above. Signed on behalf of the charity'5 trustees Si8naturp: Full Name: QAVIO WI Lso Position: C4AIL dK ILwS ItÈ5 Date: CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENT5 2023 Page15 I ndepcndeiit Examiner'.s Report to tlie TrusteL)s of CloLFung Coi, I reportto the charity trustees on my examination ot the accounts of the above charity ("the Trust") for the year ended 31 December 2023 which are set out on pages 6 to 9. ntry Re5ponsibililies and basis ot- report As the charity trustees you are responsible for the preparation of the accounts in accordance with the réqulrèmèhts of the Charltles Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 14S of the 2011 Act and in carrying out my examination, I have followed the Directlons given by the Charity Commission under section 145(5)(b) of the 2011 Act. Iiidepen(lent examiner's sthtement I have completed my examination. I confirm that no matters have come to my attenlion in connectlon with the Èxamlnatlon Eiving frtè tauge to believe that in any material respect: accounting records were not kept in accordance with section 130 of the Charitles Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements regarding the form and contentof accounts setout in the Charities (Accounts and Reports) Regulations 2CK)8 other than any requirementthat the accounts give a 'fair and true, view which is not a matter considered as part of this independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name and Address of Examiner: I b G LCN I wo(Zri* fvb )V=ntrEy CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENTS 2023 Page16 Receipts and Payments Account Unrestricted funds Restricted funds 2023 Total Funds Notes Income From: Donation5 and grants Sale of excess clothes 25,082 4,628 29,709 141,133 166,215 4F28 170,842 141,133 Expenditure on: Charitable activities 20,970 20,970 72,053 72,053 93,023 93,023 Net Incoinè / ExpéndTure 8,739 69,080 77,819 RECONCILIATION OF FUNDS Total Funds brought forward 6,266 15,196 21.462 Total Funds carried forward 15,006 84,275 99,281 CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENTS 2023 Page17 St.Itenient of Assets and Liabilities Unrestricted funds Restricted funds 2023 Total Funds Notes Current Assets Bank 15,006 15,006 84,275 84,275 99,281 99,281 Current Assets Net Liabilities / Assets 15,006 15,006 84,275 84,275 99,281 99,281 Signed on behalf of the charity's trustees Signature: Full Name: D6vi D vi Lsopl Position: df 1£￿j•Et5 Date: 25/1012oL Pale18 CLOTHI￿ COVENTRY ANNUAL REPORT AND FINAN0￿ STATEMENT5 2023 Notes to the Financial Statements l. Expenditure 2023 Wages Storage and racking Direct Clothing Purchases Equiprn￿t Overheads Totsl 41.751 21,605 22J85 1543 5.739 931J23 2. Restncted Funds Stordge f( trainers Reserved for cash for kids op￿ing S days we Volunteer Coordiftator es Children's supp(Yt work Total Unrform Project Pop up events Clothes Purchases Uniform Purchases Racking Lottery Held at 3111212022 Income Expenditure Held at 1 3111212023 14,715 39,169 29,099 480,36 8,029 6,763 15.196 141,133 72.053 3,500 3.500 2.500 2.500 s,0￿) 2,224 20.0(K) 11,798 7,5CX) 49,435 7,990 1,653 4.526 24,785 347 1,747 2,776 (1526) 8.203 7.500 44 84.275 CLOTHING COVENTRY ANNUAL REPORT AND FINANCIAL STATEMENTS 2023 Pa£e19 3 Trustees Cn8ts None of the trustees have been paid any remuneratlon or received any other benefits incurred for being a trustee of the charity, Trusteos'expenses reimbursed durln8 Ihe year were £NIL (2022 NII) 4. Staff Costs Stoff at Clothing Coventry's wa£es were co-ordlnated by C8rrlers of Hope, and staff costs were Invoiced. 5. Related Party Disclosures One of the Trustees Is ￿lated to one of the employees. They were not part of the dlscusslons involving setting wage5 6. Guar.Inlec's There are no guarantees given by the CIO, and there is no secured debt outstanding