2025-04-30-accounts - The School Coat Charity

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REGISTERED COMPANY NUMBER: CHARITY 1205533 (England and Wales) REGISTERED CHARITY NUMBER: 1205533

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

FOR

THE SCHOOL COAT CHARITY

SBCA Chartered Accountants 17 Moor Park Avenue Preston Lancashire PR1 6AS

THE SCHOOL COAT CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

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Report of the Trustees 1 to 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 6
Detailed Statement of Financial Activities 7
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THE SCHOOL COAT CHARITY

REPORT OF THE TRUSTEES FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1st November 2023 to 30th April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The charity’s object is to provide school coats to children and young people who are in financial need within the United Kingdom.

INCORPORATION

The charitable company was incorporated on 1st November 2023 and commenced trading on the same date.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charities aims and objectives are to relive the poverty of children in the United Kingdom, by providing new school coats to children who experience financial hardship.

Significant activities

As this was the charity’s first year, activities focused on both establishing the organisation and beginning charitable delivery.

During the year, the charity:

Established partnerships with 41 local schools
Distributed 163 school coats to children in need
Received donations from individuals and local supporters

The trustees are encouraged by the positive response from schools and families. Feedback indicates that the provision of coats helped reduce hardship and supported children’s attendance during winter.

Public benefit

The charity exists to provide warm, good-quality school coats free of charge to children identified as being in financial hardship. By doing so, the charity supports children’s health, wellbeing, dignity, and access to education during colder months.

Referrals are accepted from schools and local community organisations to ensure support is directed to those most in need.

FINANCIAL REVIEW

Financial position

During the year, the charity received total income of £5,680 mainly from donations. The charity incurred expenditure of £4,555 on the purchase of new coats. The charity recorded a surplus of £1,125.

Reserves policy

As a small charity, the trustees aim to maintain reserves sufficient to cover essential coat purchases and operating costs for the following distribution period. Given the charity’s size and low overheads, reserves are kept at a prudent but not excessive level.

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THE SCHOOL COAT CHARITY

REPORT OF THE TRUSTEES FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

FUTURE PLANS

In the second year of operation, the trustees aim to:

Increase the number of coats distributed

Expand partnerships with additional schools
Build community awareness and volunteer support

The trustees’ priority remains maximising the proportion of funds spent directly on school coats while maintaining appropriate governance and financial oversight.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

As this was the charity’s first year, the initial trustees were the founding members. Trustees familiarised themselves with their duties under charity law and Charity Commission guidance. The trustees met regularly during the set-up phase to establish:

A bank account
Financial controls
Safeguarding and data protection policies
Referral procedures with local schools

All activities during the year were carried out by trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CHARITY 1205533 (England and Wales)

Registered Charity number

1205533

Registered office

17 Moor Park Avenue Preston Lancashire PR1 6AS

Trustees

C P Bond (appointed 1.11.2023) D Hughes (appointed 1.11.2023) Mrs G A Hughes (appointed 1.11.2023) Mrs A Jamieson (appointed 1.11.2023)

Approved by order of the board of trustees on 26th February 2026 and signed on its behalf by:

Mrs G A Hughes - Trustee

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THE SCHOOL COAT CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

Notes INCOME AND ENDOWMENTS FROM Donations and legacies	Unrestrict fund £ 5,680
EXPENDITURE ON Charitable activities School coats	4,555
NET INCOME	1,125
TOTAL FUNDS CARRIED FORWARD	1,125

The notes form part of these financial statements

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THE SCHOOL COAT CHARITY

BALANCE SHEET 30TH APRIL 2025

Notes CURRENT ASSETS Cash at bank	Unrestrict fund £ 1,125
NET CURRENT ASSETS	1,125
TOTAL ASSETS LESS CURRENT LIABILITIES	1,125
NET ASSETS	1,125
FUNDS 3 Unrestricted funds	1,125
TOTAL FUNDS	1,125

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26th February 2026 and were signed on its behalf by:

G A Hughes - Trustee

The notes form part of these financial statements

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THE SCHOOL COAT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30th April 2025.

Trustees' expenses

There were no trustees' expenses paid for the period ended 30th April 2025.

continued...

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THE SCHOOL COAT CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

3. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds General fund		Net movement At in funds 30.4.25 £ £ 1,125 1,125
TOTAL FUNDS		1,125 1,125
Net movement in funds, included in Unrestricted funds General fund	the above are as follows: Incoming resources £ 5,680	Resources Movement expended in funds £ £ (4,555) 1,125
TOTAL FUNDS	5,680	(4,555) 1,125

4. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 30th April 2025.

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THE SCHOOL COAT CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1ST NOVEMBER 2023 TO 30TH APRIL 2025

INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Website costs School coat purchases Bank charges Total resources expended Net income	£ 5,680 5,680 1,109 3,436 10 4,555 4,555 1,125

This page does not form part of the statutory financial statements

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