REGISTERED COMPANY NUMBER.. CE033052 IEngl4nd and Wales) REGISTERED CHARITY NUMBER: 1204093 Report of the Trustees and Unaudlted Flnanclal Statements for the Year Ended 30 June 2025 for Coats4Kids Tearle & Carver Llmiled Chandos House School Lane BLJtkingham Buckinghamshire MK1B 1HD
Cgats4Klds Contents of the Financlal Statemènts for the Year Ended 30 June 2025 Page R&port of the Trustees 1103 Independent Examiner's Report Slalemgnl of Flnan¢ial Act11168 Balance Sheet 6107 Notes lo Ihe Financial Statements 81010 D8lai18d Slalemenl of Financial Activities
Coats4Klds Report of the Trustbos for the Yèar Ended 30 June 2025 The trustgss who ar8 also direclc)rs of Ihg ch8rily for the purposes ol the Companies Act 2006, present IheSr raport th the financial statements of the charity for the year andod 30 Junè 2025. The Iruslees have adopted the provisions of the Staletn8nl of Recommended Practice ISORP)'Accounllng and Reporting by Charltles, issued In March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Reg1St8r8d Gompany number CE033052 IEngland and Wales) Reglstergd Charlty number 1204093 Reglstered office 19 Haztrl Cresgnl Towcesler Norlhamplonshire NN12 6UQ Trustees V Howe Chair S Jackson Trustee O J Richbell Trustee C Scott Trustè6 appointed 91912024 appointed 191712024 Rlsk management The Iruslees have a duly lo idanlify and review the risks lo which the charity is exposed and lo ensurg appropriatè controls are in place lo provide reasonable assurance against fraud and error. The notès lom part of Ih6sa f(nanclal slalemenls Page 1
Coats4Kids Trustees, Annual Rgport for the Year Ended 30 June 2025 Oblèctlvès and A¢tlvltles Coals4Klds exists to ènsufe Ihal &very child living in poverty in the United Kingdom has B¢¢ess to a n, walm winter coal. Working in partnership with schools, local aulhorilies, Rotary Clubs, community organisations, and corporate support8rs, the charity provides new coats directly lo childr6n through a Simple voucher system. Each voucher can be redeemed lor a brand-new coal in the child's size. colour and preferred stOe, ensuring dignity, hoice, and warmth for those who need it most. The chBrity's actlvitlos durlng thè year continued to locus on-. DislribulSng new coals lo children identill&d by schools and community partners as living in financial hardship. Bullding parlngrships wllh Rotary Clubs acr055 Great Britain and Ireland lo expand the a¢h of the programme. Securing grant and corporate funding to sustain and scab our operalK)ns. Enhancing the Systems and prosseS Ihal enable efficient. transparent, and aGoounlable delivery ol our mission. Achlèvèmènts and Performance During the year, Coals4Kids provlded around 5,000 new winter coals to children across the UK. Demand ft)r support remained high, relleclSng the conllnuing ohallenggs fa¢ed tjy families 8ffecled by the rising cost of Ilving. Key achievernenls included.. Securing a £19.000 grant from th8 National Lottery Community Fund, enabling the charity to extènd impact into new reglons. Racoivlng continued support from Wirral Councll, which awarded two grants tolalllng £34,000 In recognition ol IhB programmè's local impact. Achieving significant backing from Rotary. W)s6 metnb915 and clubs conlribuled 26'k of loial income through direct fundraising and dislricl-level support. Partn&ring with ERP Experts to review and reconfigure our systems, resulting in enhane8d aulomation and Improved efficiency across our IDgisllcs 0ratIOns. Operationally. the improved ERP System has gllowed the charily lo manage coal distribution more effectively. ensuring that orders are proce55ed. tracked, and lullilled with minlmal mBnual in19rv&nlion. This investment has created a sliong foundation for future growth and beller donor reporting. Financial Review The charity'5 income for the year came from a combinAlion of gr8nl funding, donations frDm Rolary Clubs and indlvidual supporters, and corporala conlribullons. The Trusl&es arg pleased lo report Ihal incoffle was sufficient lo meet all commitmen15 lor the year, wilh no unmel requests at year-end. Expondilur& primarily related lo ooal purchases, loglslics, and systems irnprovemenls, with modest administrative ovgrhèads. Th& Truslaas continue to moniltsr Costs carefully lo ensure that the majority of funds afe spent direclly on charitable aclivily. A detailed linanciBI slalemenl is providèd in the accompanying accounts prepared by the charity's independent accountants. Reserves Policy The Trusl8es aim lo maintain unreslricled r858N8s equlvalenl lo al least three months of normal operating expenditure. This policy provmles a buffer lo ensurè continLJiIy Df tiperalion5 in the event of funding delays or unexpected &xpondilur8. The notes form pert ol Ihts$& Ilnan¢ial slalemenls Page 2
Restrlc18d funds aro held for specific piojècts or grants, and designated funds may bè allocated from 1Sm8 lo tlme lo support system improvements or capacity buildlng. The Trustees regularly review the lèval and purpose ol reserves lo ensure they remain approprlate to th6 charity's scale and rlsk profi. Plans lor th• Futur8 Looking ahèad, the charity's focus lor 2025-26 Is on buil(Slng capaclly. strengthening partn8rshSps. and deepenlng Rc>tary engagem6nl. Key priorities include.. Further enhancing the charity's systems and aulomalions to support sustainable growlh. Expanding the volunteer team lo strengthen community fundraising and Rotary coordlnallon. I has been suggested that we èmbed Rotary repr8sÈntation into the ch8rlty's governance by 8Stabllshlng Rotary CoDrdinalion subcommittee into the board of trustees, however this has not ygt bpen discussed fully wllh the trustees and has yfyt lo be agreed. 8road8ning oulreach to schools and bcal aulhori118s lo ènsure that mDre children in need can be reached qulckly ond efficl8nlly. Through the89 In18teS. thè Trustéès aim to 8nsur8 that CoBts4Kids remains a trusted and effectlvè partner In tackling chlld poverly and wlnler hardship. Stru¢turè, Governan¢e and Management Coals4Kids a f&gislered Charilabla Incorporated Organisalion ICIOI gtsverngd by a Board of Trustees responsibl8 for the charEty's strategic diTeGlion. governance, and financial oversight. Day-to-day operallons arè managed by the Chlèf Executive Offi¢èr. SLJPPOrted by volunteers and partner organisalions. The Trustees meet regularly lo review progres5 agalnsl objectives, tnonilor Ilnancial perforwance, ond ensure compliance wilh the charity's conslilulion and thè Charitie5 Acl 2011. In addition. an Operalions Board meets monlhty to Smpletnenl stralegy, oversee delivery. and ensure that key performance indicaiors are b8ing acllvely monilDred and managed. From 2025-26, il has been sugg8s1od that the Trustees èstabllsh a Rotary CoordinatiDn Subcommltteè to strengthen the charity's partnership with RDlary and furthgr embed Rotary involvement in the charity's govgrnance and growth, however this has not yet been dlscussed fully wllh the Irusle8s and has yel lo be agrged. TTuslees are appointed Sn accordanc8 with the CIO'S constitution and are inductod into their roles lo ensurg th8y understand Ih61r legal duli8s and responsibi1I118s. Approved by order of the board of Iruslees on behalf by.. .3161 October 2025. and slgned on Ils V Howe- Chalr of Trustees The notès form part of Ih8se flnancial slaltsmènls Page 3
Independent Examlnèr's Report to the Trustees of Coals4Kid5 I rèport lo th& Iruslees on my exatllinalion ol the accounts of Goats4Kids I'the charily'l for the yoar 8nded 30 June 2025, which are set out on pages S 10 10. Rpsponslbllill&s and basls of report As the trustees of the charity. you are respDnsible lor the prBparalion of the accounts in accordance with the rgquiremènts of the Charille8 Act 20111.lhe 2011 Acl'l. I report in respect of my examlnalion of the charity's accounts carrled out urKler section 145 of the 2011 Act and In carrying out my examlnalion I have followed all th8 applicable Dire¢llons given by the Charity Commission under section 14515llbl of the 2011 Act. An independent examin8lion does not involve gathering all the Bvid8nce that would be requirèd in an audil and consequently does not cover all the matters that an aLJdiior oonsiders In giving their opinion on the accounts. The planning and condllcl of an audit goes beyond the limlled assurance that an indap8ndenl examlnalion can provlde. Consequently, l express no opinion a5 to whethor the accounts present a 'lrue and fair viow, and my i&porl is limlled lo those specific mÈtt8rs sel out in the independent examiner's statement. Independent examlner's stat8m&nt I have completed my examination. I confirm that no material mall915 have com6 to my allentlon in connection with the BX8minalion gFvlng me reasonable cause lo belièv6 that in any material respect.. accounting records were not kèpl in respect ol the charlly as required by se¢llc)n 130 of th6 2011 Act., or 2. tho accounts do nul accord with thosè rerdS,. or 3. the 8c¢ounts do not comply wllh the appllcable requiremen15 concèrnlng the lorrn and conlenl of accounts sel out in the Charitie5 (Accounts and Rerts) Règulations 2008 other than Bny requirement that the accounts give a 'lrue and fair viev¢ which is not a maller considered as parl of an independent examination. I have no concerns 4nd have come across no olher mallers in connection with the examinalion lo which attentlon should be drawn in thi5 repori in Drder to enable a prop91 understanding of the accounts lo be reachpd. James Arttsr ACA On b8haW of Tearle and Carver Ltd Chandos House School Lane Bucklngham MK18 1HD Dale,. The notes form part ol these flnanclal slalemenis Page 4
Coats4Klds statement of Financlal Actlvltles for thè Year Endod 30 June 2025 PBriod 2517123 to 3016124 Total funds Year Ended 3016125 Total funds Unrestricted lunds Restricted fund Not as INCOMING RESOURCES IncomiTig rasource5 from generatèd funds Voluntary income 39.155 52.606 91.761 55.436 RESOURCES EXPENDED Costs gf gèn&rating funds Costs ol generating VDlunt3ry income Fundraising Iradlng: Gosl ol goods sold and other cosls Olhar resources èxpended 5,000 5,000 2,435 11,898 48,760 51,195 11.913 30,290 Total resources expendfyd 19.333 46,775 68,108 30,290 NET INCOMING RESOURCES 19,822 3,831 23,653 25,146 RECONCILIATION OF FUNDS Total lunds brought forward 25,146 25,146 TOTAL FUNDS CARRIED FORWARD 44,968 3.831 48,799 25,146 The notes form port of Ih&sa IlnBncial statèmènts Page 5
Coats4Klds Balance Shoot At 30 Junè 2025 2025 Total funds 2024 Total fund5 Unrestrioled fvnds Reslricled fund Not es CURRE ASSETS Stocks Oebttsrs Cash at bank 74 1,256 50.898 74 1,256 54,729 25,146 52.228 3,831 56.059 25,146 CREDITORS Amounts falling due within one year 17,2601 17,260) NET CURRENT ASSETS 44,968 3,831 48,799 25.146 TOTAL ASSETS LESS CURRENT LIABILITIES 44,968 3,831 48.799 25.146 NET ASSETS 44,968 3.831 48,799 25,146 FUNDS UnreslriGled funds Reserves Restricted funds 41,968 3,000 3,831 22,146 3,000 TOTAL FUNDS 48.799 The nolas ftrrm part of thèsts fin2n¢lo1 slalemenls Page 6 nlinued...
Coals4Klds BalJne• Sheet- ¢ontlnued At 30 Jun8 2025 The charltable company is Bnlilltsd lo axemplion from audit under Section 477 01 the CompBnl85 Act 2006 for Ihe year onded 30 June 2025. The mambers have not required tho company ID obtain an audit of ils flnancial slalements for the yoar endad 30 June 2025 in accordance wilh Section 476 01 the CompBnies Act 2006. Th& Iruslees acknowledge their re8ponsibili118s for ensuring Ihgt the charitable company keeps accounting records th81 compty wlth Sections 386 and 387 of the Companies Act 2006 and preparing finan¢ial slalements which give a true and lair view of Ihe stale of affairs of the charitable company as at the end ol each financlal year and ol ils surplus or dtrflc lor each flnanclal year In accordance with the requirements of SeGtIDns 394 and 395 and which otherwise comply with the requlremenls ol the Companlgs Act 2006 reloting lo financial sla19mpnts. so far as applicable lo the charitable compahy. These flnan¢lal slBlemants have beèn prepared In accordance with the 8p8clal provislons of Part 15 of the Companigs Acl 2006 relating lo charitable small MpanIeS and with th8 Financial Reporting Standard for Smallèr Enliliès lèffeclivè January 2015). The financial slal8menls were approved by the 8oard of Trustees on 31st October 2025 and wer& signed on ils btshall by.. Ibl V Howe- Chalr of Trustees The notes form part of thes& flnancial slalemenls Page 7
Coats4Klds Notgs to th8 Flnan¢lal Stat&mgnts for the Yèar Ended 30 June 2025 ACCOUNTING POLICIES Accounting conventlon The financial statements have been propared under the hislorical cost ¢onvenlion, and in accordance with the Financial Reporting Standard for Stnaller Entili8s leffeclive April 20081, the Companies Act 2006 and the rBquiremenls of th8 Statement ol Recommended Pra¢lice, Ac¢ounling and Reporting by Charities. Incomlng resource5 All incomlng resourcgs are included on the Slalemenl of Financial Activities when the charity is legally entiued lo the income and the amDunt can be quanlilied with reasonable accuracy. Resour¢&$ expend•d Expenditure is accounted for on an aocruals basi5 and has been cl8sslfled under hoadings that aggregal all G051 related lo the catègory. Where costs cannot be dirgclly allributed io parlScul8r headings thtry have been allocated lo aclivilies on a basis conslslenl with the use of resources. Stocks Stocks are valued 81 the low&r ol cost 8nd nel realisable valuè, after making due allowance for obsDl&le and slow moving items. Taxallon The charity Is exempt l¥om corpgralic>n tax Dn Its charilabla Èclivili&s. Fund accounllng Unieslriclad funds can be used In accordBnco with the charitabFe objè¢tives at the dlscrelion ol the trustees. Reslrictgd funds con only be used lor particular restricted purposes within the objecis of the chaflty. Reslriclions a¥ise whèn specified by the donor or when funds are ralsed for partlcular restricted puiposes. Further explanation of the nglure and purpose ol &a¢h fund is Included In the notè5 to the financial slalemenls. COSTS OF GENERATING VOLUNTARY INCOME Period 2517123 lo 3016124 Year Ended 3016125 Support costs 5,000 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees. remunerAllon Dr other benefits lor the year gnded 30 June 2025 nor for the period ended 30 June 2024. Tru5tees' &xpense5 Therè were no twstees, expènses paid lor the yaar ended 30 Jung 2025 nor for th8 period endod 30 Jun6 2024. Page 8
Coats4Klds Notos lo the Flnancial Statements contlnued for the Year Ended 30 June 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Othor debtors 750 506 1,256 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other credStors 7.260 MOVEMENT IN FUNDS Net movamenl in funds AI 117124 At 3016125 Unrèstrlcted funds General fun(1 Re5erv8s 22,146 3,000 19,822 41,968 3,000 Rèstricted funds ReslriGl&d fund 3.831 3,831 TOTAL FUNDS 25,146 23,653 48.799 Nel movomenl in funds. Induded in the abovo a as follows.. Incoming resour¢gS ResoLtrces Movement in expended funds Unrestricted funds General fund 39,155 119.3331 19.822 Rèstricted funds Reslricltrd fund 52,606 148.775) 3.831 TOTAL FUNDS 91.761 68.1081 23,653 Page 9
Ctsats4Klds Nolgs to th6 Flnariclal Statèments . conllnued for the Yoar Endod 30 June 2025 MOVEMENT IN FUNDS- contlnued Comparallves for movemont In funds Nel movement In funds AI 3016124 Unrestrictfrd Fund6 Genaial fund Reserves 22,146 3,000 22,746 3,000 TOTAL FUNDS 25,146 25.146 Comparative nel movement In funds. included in the abov8 are as follows.. Incoming resourc&s Resources Movement in exponded funds Unrestrlctarl funds General fund 55,436 130,2901 25,146 TOTAL FUNDS 55.436 30.2901 25.146 Page 10
Coats4Klds D¥talled Statement of Financlal Activltles ft)r thè Year Ended 30 June 2025 Pèrlod 2517123 Year Ended 3016125 3016124 INCOMING RESOURCES Voluntary Income Donation5 55,436 Total Incoming rèsources 91.761 55,436 RESOURCES EXPENDED Fundralslng tradlng.. tost of goods sold and other cosls Purchas8s 51.395 30,290 Support costs Management Postage and slalionery Consultan 635 5,000 5.635 Flnance Bank charges other Accountancy Professional fees 18 1,260 Total resources èxpended 68.108 30.290 Nel In¢omg 23,653 This page does not form parl of Ihg slalulory financlal 51a18ments Page11