GARMENT AND TEXTILE WORKERS TRUST
To provide grants, donations and support for textile and garment workers located in and around Leicester.
Objects
TO PROVIDE GRANTS AND DONATIONS FOR SUCH CHARITABLE PURPOSES, FOR THE PUBLIC BENEFIT,THAT ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THETRUSTEES MAY FROM TIME TO TIME DETERMINE.
Financial health, per its FY2024 accounts
The charity ended the year with unrestricted reserves of £382,742, a decrease from £719,353 the previous year, driven by charitable expenditure exceeding income. The trustees state the charity is in a healthy financial position but acknowledge the need to secure ongoing funding from external funders to achieve its objectives. No reserves policy target is explicitly stated in the document.
What the accounts disclose
“Looking forward, the trustees' aim is to hold sufficient reserves in easy access building society accounts to fund the balance of the grants made in the first tranche of donations. The remaining reserves will be held in a number of longer notice interest earning accounts.” — page 6
“One of the Trustees, K M J McKeever, is the managing director of Lowick Group Ltd. During the year, £2,668 (2023: £591) of costs were paid by Lowick Group on behalf of the charity. These costs have now been reimbursed by the charity and there were no balances outstanding at the year end. Monthly fees totalling £11,664 (2023: £11,016) for the year were also paid to Lowick Group Ltd for secretariat services.” — page 18
“One of the Trustees, C Chung, is the director of Green Lyme Consulting Ltd. During the year, £16 (2023: £nil) of costs were paid by Green Lyme Consulting Ltd on behalf of the charity. These costs have now been reimbursed by the charity and there were no balances outstanding at the year end. The charity paid £17,350 (2023: £nil) to Green Lyme Consulting Ltd during the year for marketing consultancy costs.” — page 18
“One of the Trustees, K M J McKeever, is the managing director of Lowick Group Ltd. During the year, £2,668 (2023: £591) of costs were paid by Lowick Group on behalf of the charity. These costs have now been reimbursed by the charity and there were no balances outstanding at the year end. Monthly fees totalling £11,664 (2023: £11,016) for the year were also paid to Lowick Group Ltd for secretariat services.” — page 18
“One of the Trustees, C Chung, is the director of Green Lyme Consulting Ltd. During the year, £16 (2023: £nil) of costs were paid by Green Lyme Consulting Ltd on behalf of the charity. These costs have now been reimbursed by the charity and there were no balances outstanding at the year end. The charity paid £17,350 (2023: £nil) to Green Lyme Consulting Ltd during the year for marketing consultancy costs.” — page 18
Policies the charity declares
- Campaigns and political activity policy and procedures
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding vulnerable beneficiaries
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Structured financials (annual return, FY ending 30/11/2022)
Trustees
- Allison Claire Tripney
- Cheryl Chung
- Dr Zinthiya Ganeshpanchan
- KEVIN MARTIN JOSEPH MCKEEVER
- Salima Hussain-Chowdhury
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | — | — |
| 30/11/2024 | £26k | £362k |
| 30/11/2023 | £8k | £280k |
| 30/11/2022 | £1.1m | £108k |
Common questions
Is GARMENT AND TEXTILE WORKERS TRUST financially healthy?
Per its FY2024 accounts: The charity ended the year with unrestricted reserves of £382,742, a decrease from £719,353 the previous year, driven by charitable expenditure exceeding income. The trustees state the charity is in a healthy financial position but acknowledge the need to secure ongoing funding from external funders to achieve its objectives. No reserves policy target is explicitly stated in the document. Its FY2024 accounts were independently examined.