Thecoventry THE CHILDREN'S BOOT FUND Children's Boot Fund AREGISTERED¢HARITY No. 214524 Fotjnded in Coventry in 1893 PATRON David Moorcroft OBE The Queen's Award for Voluntary Service FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- MAY2024 Thg CovgntryChildren'$ Boot Fund Is d6light•d to bè supported bytho or8anl¥atlons mentloned bolow BENFIELD K B Benfield Group Holdings Ltd. Dame Alice Leigh's Almsho&e Trust rile Hill and Westwood Charitles Whirlwind Productions GROUP
THE CHILDREN'S BOOT FUND INDEX Page Charity Information Trustee's Report Independent Eyaminer's Report Statemenl of Financial Activities Balance Sheet Notes to the Financial Statements 10-11
THE CHILDREN'S BOOTFUND CHARITY INFORMATION Trustee8 Chairperson Janet Mcconkey Secretary Peter Hancock Treasurer Matthew White IAppointed 201051241 Vice Chair Lucy Hardstaff William Smith Patfimmins Jackie Lapworth Suz8nne Whit&man Jenny Watkins Independent Examiner Susan Wyllie FCA Bankers National We$tminslei Bank plc 24 Broadgate Coventry CV1 INB Webslté Reglgtered Number Charity Commissioners 214524
THE CHILDREN'S BOOTFUND TRUSTEES REPORT FOR YEARENDING 31-MAY2024 Chairper$on'$ Repert In 1889 George Gibson began his teaching career in Coventry. He was given Standard IV. a clas5 of boys many of whom were "wretchedly clothed, under nourished and almost boot18ss" With the Head Teachers permission, George placed a'boot box" on his desk and invited visitors and better-off boys to contribute towards the purchase of boots-.in order that they might attend school" Foul years later, at a local newspaper office. a meeting of well-known buslnessmen of the day decided to launch 8 city-wIOe fund involving all Coventry schools. joseph Cash, William Hillman, john Guison, DrWebb-Folwer, Thomas Bufbage. George Gibson and a police sergeant named Shelly attended the inaugural meeting. Today in 2024. the Children's Boot Fund is still very much alive and kicking. After two World Wars and years ol gloom followed by years of boom, thus unique Charity continues to provide footwear to children of poorfamilies'in order that they may attend school" The fund has changed a little in its lifetime. The only re81 difference is perhaps the fact that a reputable Coventry supplier measures children for properly fitting shoes. Gone are the often-ill-fitting hob-nailed boots for boys and high lace up type for girls- all boots branded with an iron stamp to"pievent them going to places other than intended". 8 reference to the popular pawnshops of the day. Today, the M8n8gemant Committee are responsible for the application of voucher5. which when presented by the parenVguardi8n of the reciplent at Charles Ager in Coventry, entitles the bearer to a pair ot shoes suitable lor school. Applic8tions are made by parentslguardians. supportecj by Heed Teachers, through all Coventry Schools, wh8re forms are made available to 811 tamilies. Applications are reviewed by the Trustees atfour meeting each yeaf and vouchers allocated on individual merit. The Fund has also been able to support refugee children in the current year and 811 appeals from refugees are dealt with immediately due to the urgent nature of their cireumst8nces. Fundraising has increased this ye8r compared to 2023 and the Committee had established additional fundraisingwith the Charities Aid Fund who also adrninisters our Gift Aid Scheme. There has been a significant demand for shoes this year. including supporting refugees, and it is expected to continue in the current economic Climate. It is always difficult to strike ba18nc8 betW8en securing the future and meeting today's needs. However, the Trustees are aware that it is important to continue to raise funds as more families require help. The Trustees wish to thank everyone who has generously contributed to our fund8 during the past year as they ar8 well aw8re of the financial constraints that we are all experiencing at this time. Website developer company Nolsegate Medla has worked wlth G8il Downey for the Boot Fund at 8 non-profit, cost only basis, giving great value in helping to make the very generous funding provided by Clive 8enfield extend much further to 8SSi8t our visibility and fundraising.
ThE CHILDREN'S BOOT FUND TRUSTEES REPORT FOR YEAR ENDING 31 MAY2024 Chairperson'5 Report (continued) However, the committee is still Suffering from a shortage of members. We therefor8 ask ag8in, that anyone in the education system willing to join a very dedicated children's Charity should get In touch wilh any ol the Fund officials, who will then be happy to answer any questions and give an explanation of the workings of the Charity. The Committees, thanks go to Charles Ager who have been particularly supportive and given excellent service to customers and good advice to the Committee. Lastly. on beh8lf ot the Committee of the Children's Boot Fund, I would like to take this opportunity to thank all other people who have raised funds in many different ways, often using 8 great deal of their own time and effort. Without your ettorts. the Fund simply would not exist to help children in the Coventry area, and to lose the Fund after so many years of work would b8 a re81 tragedy, both now and in the future. Treasurer's Report On the 9 July 2024 Martin Harban who had been the Treasurer for the last 21 years sadly lost his ¢ourageou$ fight against Cancer. This Charity owes a huge debt of gratitude for all of his work not only dealing with the role of the Treasurer but also for his outstandingfundraising 8Ctlvities. If you will pardon the pun Martin's death has left large boots to fill and l am delighted to have been appointed as the Treasurer to this amazing Charity. It has b8en a steep learning curve having taken on the role just prlor to the year end and l am gratefulto the Board of Trustees for their support and encouragement and advice they have given to m8 in these early months of my tenure. I would also personally like to thank Martin's Secretary Valerie Tunnicliff for all of her work over the p8St decade and also Susan Wyllie in her capacity as Independent Examiner for her words ofwisdom and guldance whilst I hav8 b88n trying to prepare the accounts forthe first time. The Trustee's ieseNes policy will be to continue to maintain a level of resetves at about two and a half years funding because of the difficulty in predictingthe level of donations from y8ar to year. Currently the reserves are sufficientfor approximately Imo years to meet the continuing expected high level of need and the increas8 in shoe costs. Trustees are actlV8ly looking at ways to fundraise. Without further addition81 donations the number of shoes provided will have to be reduced. In previous y88rs in the preparation of the accounts there h88 b8en a distribution of vouchers to the recipients following the Trustees Meeting in May. A number ol these vouchers are utilised in June, July, August and even early September which coincides with the start of the new School Year. In the past the accounts have been prepared in early September and the exact numbers of vouchers being presented to the local school shoe firm Charles Ager's was not crystallised. This ye8r due to the delay in the preparation of the annual 8ccounts we have been able to use the exact figures for the vouchers being used and therefore tor this year there has been a slight ch8nge in the accounting procedures.
THE CHILDREN'S BOOT FUND TRUSTEES REPORT FOR YEAR ENDING 31 MAY 2024 Treasurer's Report {continued} The Trustees have acknowledged this and have agreed that in princlple In futur& years we will continue to prepare the accounts tOW8rds the end of September/Octoberwhen the number of vouchers utilised that have been distributed in the financial year ending the 31 May is known and that way we will presenting the accounts on a like for like basis goingforward. The Trustees wish to thank 811 supporting schools in the difficult economlc cllm8te. the generous gifts of the Barston Association, Provinci81 Grand Lodge of Warwickshire, Claverdon Fields Charitable Trust together with nLsmerous Masonic Lodges, Coventry Church (Municipall Charities and especially the Darne Alice LeiEh Almshouse Charity. Tile Hill & Westwood Charities, Soothern & Craner and Newfield Charitable Trust who have been particularly generous in thelr donations to this Charity. The Charity endeavours to hold as much cash as possible in an interest-bearing account. For this financial yearthe expenditure over income was £701.36 lorthe unrestricted tunds and £1,327.67 for the restricted funds giving a total deficit of £2,029.03. All administration and committee membership is voluntary and there are no employed members of the Charity. Administration costs are currently being met by the Tile Hill and Westwood Charities. Meetings are held by the kind permission of the Secretary at his home free of charge. The Children's Boot Fund can be contacted by calling the Secretary on 027475 01422 or by email to.tb.eooV.entt¥otllidEeJLthootLuMd@gtDl,QOlll ON BEHALFOFTHETRUSTEES Mrs J Mcconkey Chairpeison Dated
THE CHILDREN'S BOOT FUND INDEPENDENTEXAMINERS REPORT TO THETRUSTEES OFTHE CHILDREN'S BOOTFUND I report on the accounts of the Charityfor the year ended 31. May 2024. which are set out on the attached pages. Respectlve responslbllltles of Trustees and Examiner As the Charity's TTUStees you are iesponsible forthe preparation of the accounts: you consider the audit requirement of S144121 of the Charities A¢t 2011 (the 2011 Act) does not apply and that an independent examination is needed. It is my responsibilityto.. examine the accounts under S145 of the 2011 Act. to follow the procedures laid down in the General Direction given by the Charlty Commission under 514515llbl of the 2011 Act,. and to state whether particular matters have come to my attention. Basis oflndependent examinor$ report My examination was Carried out in accordance with th8 General Directiolls given by the Ch8rityCommi88ioner5. An examination includes a revlew of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The Procedures undertaken do not provide all the evidence th8t would be required in an audit and consequently no opinion is given whether the accounls present a "true and fair view" and the report is limited to those matters set out in the st8tement below. Independenl examingrs statement In connection with my examlnation. no matter has come to my attention.. 11 Which gives me reasonable cause to believe that, in any material respect, the requirements: To keep accounting records In 8ccordance with Sl 30 of the 2011 Act; 8nd o To prepare accounts which accord wlth the 8ccounting records and comply with the accounting requirements of the 2011 Act have not been met. 2) There are no other matters to which, in my opinlon. attention should be drawn in order to enable a proper understanding of the accounts to be reached. MrsSVWylli CA Dated
THE CHILDREN'S BOOT FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024 2024 2023 Unrestricted Restricte(J Funds Funds Total Total Notes In¢omlng resources Donatlons Schools Individuals 374.00 1606.77 374.00 1607.77 146.05 2452.70 Organisations Gift Aid Legacies 11545.50 11545.50 7575.85 220.92 220.92 312.25 DameAlice LeiEtt's Almshouse The Newfield Charitable Trust Tile Hill and Westmood Charities Soothern & Craner S C Grant 5500.00 5500.00 2500.00 2500.00 2500.00 2500.00 iooo.00 iooo.oo 11500.00 25248.19 4000.00 5000.00 13747.19 19487.85 Investment income 1328.29 1328.29 809.82 Total incoming ie50urces 15075.48 11500.00 26576.48 20297.67 Resources expended Direct charitable expendilure Management and administration of the charlty 15776.84 12236.27 28013.11 29178.81 591.40 591.40 853.66 Toial resouces expende(J 15776.84 12827.67 28604.51 30032.47 Net outgolngllncomlng resources -701.36 -1327.67 -2029.03 -9734.80 Other galns and losses Unrealised gains 716.46 716.46 -1312.57 -512.73 -10247.53 15.10 -1327.67 Fund balance brought fOard 01 June 2023 31371.48 7756.30 39127.78 49375.31 Fund balance carrleij foNard 31 May2024 31386.58 6428.63 37815.21 39127.78 The accompanying notes form part of these accounts
THE CHILDREN'S BOOT FUND BALANCE SHEET AS AT 31 MAY 2024 2024 2023 Note5 Flxed assels Investments 11778.75 11062.29 Current assets Bank balances 32724.59 30446.41 Credltors:. amountfalling due wlthln one year Accruals 6688.13 2380.92 net current assets 26036.46 37815.21 28065.49 39127.78 FuTxIs Unrestricted funds 31386.58 31371.48 Restrlcted funds 6428.73 37786.58 7756.30 39127.78 Approved bythe Board of Tnjstees on 4 N fiprtc4 2025 and signed on its behalf by:_ Mrs l Mcconkey Chairperson The accompanying notes form part of these accounts.
THE CHILDREN'S BOOTFUND NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDED31 MAY2024 l. A¢countlng polices The tollowing accounting ploices have been applied conslstanlly in dealing with the items that are considered material In latIon to the charity's finacial statements. . The financial statements are prepared underthe historical cost convention as adjusted by the revaluation ol investments. The accounts are in 2ccordance with the Charities SORP 2005 (Accounting and Reporting bycharitiesl and complywilh the Charities IAccounts and Reports) Regulations 2005 issued underthe Charities Act 2011. b. The financial statements afe prepared on an accruals ba515. c. Investments are included in the balance sheel at maikel vallte. d. Legacies are accounted lor when the charity has been notified before the end of the financial yeai and the value can be re50nably accurately determined. e. Donations are accounted for on a receipts basis. f. Expenditure relates to the purchase of chlldren's shoe5. 2. Management and admlnlstratlon ol the charlty The administration costs of the Charity are currently being met byTile Ilill and Westsvood Charitles. Ail managemenl costs are being met by The Boot Fund. 3. InvestmentAssets Quoted Investments Marketvalue at l June 2023 Net unrealised gains Marketvalue at 31 May 2024 11062.29 716.46 11778.75 The histofical cost of investments is not known as theywere all donated lo the Charity some years ago and it has not been possible to identifythe value of them at that time. The lolowing investments were held bythe Charity and all represent more than 5% of the portfolio=_ COIF Charities Investments Fund 217 income units M&G Equities Investments Fund for Charities 356 Income units Marketvalue 6325.83 5452.92 11.778.75 io
THE CHILDREN'S BOOT FUND NOTESTOTHE FINANCIALSTATEMENTS Icontlnuedl FOR THEYEAR ENDED 31 MAY2024 4. Donatlons From Organlsatlons:. Inner Wheel Club Coventry Radtord Social Club St Mary Magdalen Church Claverdon Fields Charitaf)le Trust Widgit Software Provincal Grand Lodge of Wawickshire The Recessionairès Allesley Festival Earisdon Methodist Church Coventry & Distrlct Crlcket League Coventry Church (Municipall Charities Trinity Lodge Singer Foundation The Barston Association Trustees of London Order of St john Bonds Hospital Gtys Cllffe Lo(iEe 210.00 785.50 300.00 1500.00 350.00 ICN)O.00 250.00 500.00 loo.00 200.00 350.00 500.00 500.00 500.00 2000.00 2000.00 500.00 11,545.50 From School$:_ Stivichall Primary School Sidney StrlngerAcademy Sidney Stringer Primary 200.00 153.00 21.00 374.00 From Indlvlduals- P.G Roberts E Markin M Stuart Mfs Bradford 60.00 24.00 60.00 120.00 50.00 390.93 Mrsc Lord Deepak Lodhia- Just Giving Donations via CAF 902.84 1607.77 5. Tru5tees' remuneration and expenses No remuneration directly or indirectly out of the funds of the charltywas paid or is payable for the yearto any trustee or to any person or persons known to be connected with any of them. li
THE CHILDREN'S BOOT FUND NOTESTOTHE FINANCIALSTATEMENTS Icontlnued) FOR THE YEARENDED 31 MAY2024 6. Restrlrfed Funds Newfield Tile Hill and Dame Alice Trust Westwood Leigh's Charities Almshouses Soothern Craner Tolal Balance at 31st May 2023 7022.55 2895.71 9918.26 Donations in year 2500.00 2500.00 5500.00 1000.00 11500.00 Expeniiiture in year 2500.00 1712.80 4505.87 928.32 9646.99 Balance31 May2024 0.00 7809.75 3889.84 71.68 11771.27 The restiicted funds comprise a donation from Tile Hill and Wes00 Charities to provide shoes lorthe children living within the Tile Hill and Westwood areas and Dame Alice Leigh's Almshouse donation is forthe children Ilving within the Stoneleigh Estates. Both the Newfield Charitable Trust and Soothern & Craner are restrcited to provide shoes for girls. 7. Related Partles Prior to his death Mr Marun Harban was a frustee ofthe Coventry Church (Municipall Charities and Charity Steward ol Trinity Lodge and the Trinity Lodge Benevolent Fund. 12