REGISTERED COLVIPANY NUNIBER: 04777289 (England and Wales) REGISTERED CHAIIITY NUMBER: 1102083 ort of the tees aud Unaudited Financial Statements for the Year Ended 31 March 2024 for Dressabili Chris Vaughan Accountants 195 Ennin Street Swindon Wiltshi SN3 4NA
Dressabili Contents of the Financial Statements for the Year Ended 31 March 2024 Pagc Report of the TThes Independent Examin&s Report Ststement of Financial Activities Balance Sheet Notes to the Financial Ststements 7 to 14 Detailed Statement of Financial Activities 15 to 16
Dressabili ort of the Trustees for the Year Ended 31 March 2024 The Trustees who are also directors of the Charity for the PUTposes of the Companies Act 2006. present their report with the financial ststements of the Charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Clrities. Statement of Recommended Practice applicable to charities preparing theiI accounts in accordance with the Financial Rq)orting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). OBJECTtVES AND ACTivrrIES Objectives and alms The principal activity of the clwitable company continues to be the delivery of a specialist clothing adaptation service for people with physical or learning disabilities and l or mobility impairments, on the basis of promoting independence, wellbeing and inclusivity. Public benefit The Tntee8 have paid due regard to the Clwity Commission's guidance on public benefit in deciding what activities the Charity should undertake. The Trustees consider that they have acted in the public benefit and have discbarged their respollsibilities accoidingly. Volunteers Our volunteer sewing sessions are held four days a week For the financial year there have been a total of 742 hours volunteered by our dressmakers.with projects including de-branding, making items for our Christmas and Summer Sales, and producing draillage bags for local hospitals .Over 100 drainage bags have been donated to the Great Western Hospital (GWH) Breast Clinic,Salisbury General Hospital and the Churchill Hospital in Oxford Approximately 125 11 ltell have been de-branded by our volunteers and donated to various charitsble organisations. The volunteers have also made tabards for Wemyss Lodge - a local care and nursing home- which has raised £94.50 to date. A further 595 hours have been volunteered by admin volunteers and staff. The includes the rLllming of our Ebay sales one day a week for a little over a year, and attendance at local events. To thank our volunteers for their fantastic contnl)utIo we held a Volunteers Week lunch in early June, and a Cljristmas buffet in December. This year, three volunteers celebrated 10 years of service with Dressability. 11 Charitable activities This year marked a special anniversary: 25 years of Dressability. As part of our celebrations, we were honoured to 11 welcome HRH The Princess Royal at our Swindon premises, alongside several other VIP guests. The visit was filmed by a BBC film crew and featured on tbe BBC Points West news programme. We also thanked our clients. volunteers and other friends of Dressability for their vital and va]ued conthljutions. In addition to serving our local community, we have worked with an incre&8ing number of clients from across the UK througb our postal service and some of our work has even been sent to Portugal and South Afric& In December 2023, we cel¢brat¢d our IOOth client of th¢ year, 99 Ye old Swilldon residen( Antony. As most of our clients are Worne we are increasingly reaching out to male audiences to raise awareness of our services, as we welcome anyone with a i• disability or who is aged over 65 years witb a clothing neeiL Reduce, reuse, recycle. We continue to provide debranding services, where we accq)t sUlUS branded garnients from 11 businesses, remove/cover their brandin& and deliver to local clwities - often supporting homelessness - so those in need are able to bave access to garments free of charge. 11 In November 2023 we held a Music Night at Swindon's Westlecot Bowls Club which raised £976, and we attended multiple events to engage with the local community, including Openworks, summer fete. Old Town's Cbristchvrch Christmas Faii. the U3A Open Day at St Joseph's College; and Carers, Rights Day at Swindon Town FC'S County GrounLI Dressabilitys efforts earned inclusion as a highlight in the Prince of Wales Fund's annual reporL and excitingly, we were honoured to be invited to the Coronation Concert. Two of our employees and two volunteers were grateful to atten(L and 11 had an excellent time. Other kind gestures included funding by a grant-making charity for a new industrial cover stitch 11 macbine; ongoing support from Sir Robert Bucklan(L MP for South Swind0 and an invitstion from the Julia and Hans Rausing Trust to afternoon tea at Lasborough House. Since attending, we were sad to hear of the passing 'of Julia Rausing, and we send our condolences to her family and friends. i•
Dressabili ort of the Trustees e Year En.ded 31 March 2024 for 11 Fundraising activities Client fees and donations this year amount to almost 4.2% of our income, Dressabilitys own fundraising efforts 30/0, National Lottery 180/0, alld other income 3% ' As before we continue to rely primardy on the support of grant-making organisations whose donations amount to around 720/0 of our income. DressabiLity receives no statutory funding. As one of only two clwities in the UK offering a clothing adaptation ser<ice and based on demand / feedback from service -users indicating the real difference made by our worl our 5-year business plan updated in 2023 sets out our strategy to extend our reach and those targets have been met this year. FANC REvw Principal funding sources The charity received funds via grant-making trusts and donations. During the year, n]ajor grant funders who donated more than £5,000 accounted for 460/0 of our income. 11 Reserves policy The trustees continually monitor the level of unrestricted funds held iii reserve and intend to maintain reserves at a level which is equivalent to one year's running costs, in order to provide fmancial stability and opportunity to develop Dressabilitys principal activity in accordance with our current business pla In additio designated funds of £48.904 have been agreed by the board of trustees to cover unforeseen costs such as redundancies, loss of ill-kind support and potential lease and other contract buy outs should the need arise. These arrangements give us comfort in our stability as a clwity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The clwity is controlled by its governing documenL a deed of trus( and is governed by its Memorandum and Articles of AssociatioL We have recently updated our Articles to reflect our wider remit of services within the communities we serve. It constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. We are registered with and governed by the Charities ComMi10n of England and Wales. Recrnitment and appointment of new trustees Representing the business sector, local community and service-users, the Trustees bring a broad range of skills and outlook to the Charity. New Trustees are recruited on the basis of experience, competence and specialist skills. Induction and training of new trllstees .' Trainillg is offered to new trustees from Voluntary Action Swind0 a local charity. Trustees are also made aware of other training opportunities through trustee network and other courses. 11 Registered Company number 04777289 (England and Wales) Registsred Charity number 1102083 Registsred office Bradbury House Westtnead Drive Swindon Wiltshire SN5 7ER
Dressabili R ort of the TnteeS or the Year Ended 31 March 2024 Trustees B Fitzgerald T Swinyard cfrustee) J Sinclair (resigned 1.3.24) A Wraight (Chaii) (resigned 20.2.24) N Probert-Thompson S Gray S Winslow Clice Chair) (resigned 4.9.23) J Crawford Crfice Chair) (appointed 28.3.24) C Oates (appointed 28.3.24) L Thomas (appointed 28.3.24) Company Secretary S Tombs Independent Examiner Cbris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA Approved by order of the board of trustees on 24 July 2024 and siglled on its behalf by. T Swinyard- Tne
Inde endent Examiner's R Dressabili ort to the Trustees of Independent examiner's report to the trustees of Dressability Cthe Company,) I report to the clwity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the chariWs trustees of the Company (and also its directors for the purposes of cornpany law) you are responsible for i• the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acv). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent exan]1]tiO I report in respect of my eXamitiOn of your charity's accounts as carried out under Section 145 of the Charities Act 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charkty Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my exan]ination. I confimi that no matters have come to my attention in connection with the 11 11 examination giving me cause to believe: accounting records were not kept in respect of the Company &s required by Section 3 86 of the 2006 Act; or the accounts do not accord with those records. or the accounts do not comply with the accounting requirnents of Section 396 of the 2006 Act other thall any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent eL4MltiOn. or 11 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportillg by charities (applicable to charities preparing their accounts in accordance with the Financial Rcporting Standard applicable in th¢ UK and Rspublic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the eXamInoll to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reache C.V4L Christopher Vaughan aris Vaugban Accountants 195 Erniin Street Swindon Wiltshire SN3 4NA 24 July 2024
Dressabili Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total fimds 31.3.23 Total fL]nds Unrestricted funds Restricted funds Notes INCOME AJND ENDOWMEYJ rs FROM Donations alld legacies 110.075 52,756 162,831 148,706 Charitable activities Clothing adaptation 13,262 13262 11,473 Other trading activities Investment income 2279 3,306 2,279 3,306 66 175 Total 128,922 52,756 181,678 160,420 EXPENDrruRE ON Raising funds 23,675 23,675 22.171 Charitable activities People with disabilities Cbildren Older people 29260 14,440 29,260 15,986 8,182 15,986 45246 22,622 45,246 40245 20,018 40,199 Totsl 96,635 40,154 136,789 122,633 NET INCOME Transfers between funds 32287 1,322 12,602 (1,322) 44,889 12 37,787 Net movement in funds 33,609 11280 44,889 37,787 RECONCILIATION OF FUTr4DS Total funds brought forward 193,333 8,168 201,501 163,714 TOTAL FUNDS CARRIED FORWARD 226,942 19,448 246,390 201,501 The not¢s forni part of these financial statements 11
Dressabili alancc Sheet 31 March 2024 31.3.24 Total 31.3.23 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 1,702 756 2,458 2,989 CURRE ASSETS Investments Cash at bank and in hand 10 40,000 185,626 40,000 204,318 40,000 159,542 18,692 225,626 18,692 244,318 199,542 CREDfioRS Amounts falling due within one year 11 (386) (386) (1,030) NET CURRETr4T ASSETS 225240 18.692 243,932 198,512 TOTAL ASSETS LESS CURRENT 226,942 19,448 246,390 201,501 ET ASSETS 226,942 19,448 246.390 201,501 12 Unrestricted fimds Restricted funds 226,942 19,448 193.333 8,168 TOTAL FUM)S 246,390 201,501 li The charitable company is entitled to exemption from audit ullder Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members bave not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustces acknowledge their responsibilities for (a) ensuring that the clwitable 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 compally as at the end of each financial yeAr and of its sutplus or deficit for each financial year in accordallce 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 clwitable con)pany. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The fllIClal statements were approved by the Board of Trustees and authorised for issue on 24 July 2024 and were signed on its behalf by. T Swinyard - Tn The notes fonn part of thesc financial statements
Dressabili Notes to the Financial Ststements for the Year Ended 31 M 2024 ACCOtrNTING POLIC]ES Basis of preparing the financial statements The fllwicial statements of the clwitable 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 pryaring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finanGial statements have been prepared under the historical cost 11 conventio Financial reporting standard 102 - reduced disclosllre exemptions The ch&ritsble company has taken advantage of the following disclosure exemption in preparing these financial statements, &s permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statsiient of Cash Flows. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it 11 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 OT constructive obligation committing the 11 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 accnlS 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. Allocation and apportionment of costs Activity Basis of Allocation Management Finance Staff Time Staff Time Staff Time Tangible fixed assets Depreciation is provided at the following annual rates in order to writ¢ off each asset over its estimated useful Plant and machinery 11 Fixlures and fittings Computer equipment 20% on cost 25% on cost Taxatlon The c}lty is exempt from CoOration tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the clwitable objectives at the discretion of the trustees. Restricted fun(l8 can only be used for particular restricted purposes within the objects of the charity. Restrictions arise whffn specified by the donor or when fi]nds are raised for particular restricted pury)oses. Further explanation of the nature and pw)ose of each fLmd is included in the notes to the fancIal statements. continued..
Dressabili Notes to the Financial Statements - continued for the YpA2r Ended 31 March 2024 31.3.24 31.3.23 On-line sales 2279 66 31.3.24 31.3.23 Bank interest 3,306 175 SUPPORT COSTS Management Finance Totals People with disabilities I Children Old¢rpeopl¢ 10,308 5,155 10,308 1,193 598 1,193 11,501 5.753 11,501 25,771 2,984 28,755 Support costs, included in tbe above, are as follows: 31.3.24 31.3.23 People Older people Total activities Total activities disabilities Children Insurance Communications 611 1,498 816 7.095 288 306 749 408 3,548 144 611 1,498 816 7,095 288 1,528 3,745 2,040 17,738 720 1,297 2,752 2,650 8,378 11 Postage and stltionery Office utilities and rent Professional fees Training Bank clwges Depreciation of tangible fixed assets 615 263 404 202 404 1,010 789 396 789 1,974 1,517 11,501 5,753 11,501 28,755 17,472 NET INcOME1(EXPEND) Net income/(expenditure) is stated after Clwgln{Creditlng). 31.3.24 31.3.23 Depreciation - owned assets 1,974 1,517 continued...
Dressabili Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 TRUSTEES, RErrftrr4ERATtON AND BEf+tEFITS There were no tnees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 fvIarch 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 11 31.3.24 31.3.23 Dressmakers Fundraising Management and admirition No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE sTATE1ENT OF FINANCIAL ACTIvIS Unrestricted Restricted funds funds Total fldS INCOME AD ENDOWMENfs FROM Donations and legacies 107,746 40,960 148,706 Charitable activities Clothing adaptation 11,473 11,473 Other trading activities Investment income 66 175 66 175 11 Total 119.460 40,960 160,420 EXPENDrruRE ON Raising fimds 22,171 22,171 Charitable activities People with disabilities 26,575 13,397 26,478 13,670 6,621 13,721 40245 20,018 40,199 Older people Total 88,621 34,012 122,633 NET INCOME 30,839 6,948 37,787 RECONCILIATION OF Fuf4DS Total fimds brought forward 162,494 1,220 163,714 TOTAL FUNDS CARRIED FORWARD 193,333 8,168 201,501 continue(l..
Dressabili .Notes to the Fijwicial Ststements - continued for the Year Ended 31 March 2024 TANGtBLE FIXED ASSETS Fixtures Plant and machinery Computer equipment fittings Totals COST At l Aptil 2023 Additions 7,897 5,261 1.443 6.474 19,632 1,443 At 31 March 2024 7,897 6.704 6,474 21,075 DEPRECIATION At l April 2023 Charge for year 7,589 105 3,585 1,004 5,469 865 16,643 1,974 At 31 March 2024 7,694 4,589 6,334 18,617 NET BOOK VALUE At 31 March 2024 203 2,115 140 2,458 At 31 March 2023 308 1,676 1,005 2,989 10. CURRENT ASSET INVESTMENTS 313.24 31.3.23 Listed investments 40,000 40,000 11 11. CREDITORS: AMoiJNfs FALL]NG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other t&Kes 54 332 678 352 386 1,030 12. MOVEMENT IN FUTr4DS Net movement in funds Transfers between fimds At 31.3.24 At 1.4.23 Unrestricted funds General fund Contingency Reserve 144,429 48,904 32,287 1,322 178,038 48,904 193,333 32,287 1,322 226,942 Restricted funds Location Service Openwork Foundation Lottery fund Other projects 971 1,000 (971) (1,000) 5,248 (117) 7,471 5,248 5,386 8,814 5,503 694 649 8,168 12,602 (1,322) 19,448 TOTAL FUNDS 201.501 44,889 246,390 10 continue(L..
essabili Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN Fuf4DS . eontillued Net movement in funds, included in the above are as follows: Incoming resources Resources ,expended Movement in funds Unrestricted funds General fi]nd 128,922 (96,635) 32,287 Restricted funds Openwork Foundation Lottery fund Other projects 10,000 32.318 10,438 (4,752) (32,435) (2,967) 5,248 (117) 7,471 52,756 (40,154) 12,602 TOTAL FUNDS 181,678 (136,789) 44,889 Comparatives for movement in funds Net movement Transfers between funds 11 At 31.3.23 At 1.4.22 in funds Unrestricted funds General fund Contingency Reserve 131.739 30,755 30,839 (18,149) 18,149 144,429 48,904 162,494 30,839 193,333 Restricted funds Laptops Location Service Ashley Family Foundation Doris Field Charitable Trust Lottery fund Other projects (267) 630 267 341 1,000 (386) (471) 5,503 694 971 1,000 386 471 5,503 694 1220 6,948 8,168 TOTAL FUM)S 163,714 37,787 201,501 11 continued...
Dressabili Notes to the Financial Statem£llts - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FtFriDS. continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movernt in fLmds Unrestricted funds General fund 119,460 (88,621) 30,839 Restricted funds Laptops Location Service Asbley Family Foundation Doris Field Charitable Trust Lottery fund Other projects Office furniture 100 1,100 1,000 167 (759) 267 341 1,000 (386) (471) 5,503 694 (386) (471) (27,513) (3,626) (1,424) 33,016 4.320 1,424 40,960 (34,012) 6,948 TOTAL FUNDS 160,420 (122,633) 37,787 A current year 12 months and prior year 12 months combined position is as follows: 11 Net movement Transfers between fLmds 11 At 31.3.24 At 1.4.22 in funds Unrestricted funds General fund Contingency Reserve 131,739 30,755 63,126 (16,827) 18,149 178,038 48,904 162,494 63,126 1,322 226,942 Restricted funds Laptops Location Service Ashley Family Foundation Openwork Foundation Doris Field Charitable Trust Lottery fund Other projects (267) 630 267 341 1,000 (386) 5,248 (471) 5,386 8,165 (971) (1,000) 386 5248 471 5,386 8,814 649 1,220 19,550 (1,322) 19,448 TOTAL FUNDS 163,714 82,676 246,390 12 continued...
Dressabili Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. MOVEME1 IN FtrriDS . continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 248.382 (185,256) 63.126 Restricted funds Laptops Location Service Ashley Family Foundation Openwork Foundation Doris Field Charitable Trust Lottery fund Other projects Office furniture 100 1,100 1,000 167 (759) 267 341 1,000 (386) 5,248 (471) 5,386 8,165 (386) (4,752) (471) (59,948) (6,593) (1,424) 10,000 65,334 14,758 1,424 93,716 (74,166) 19,550 TOTAL FUNDS 342,098 (259,422) 82,676 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. 14. TOTAL FUM)S Designated Fund Contingency Reserve Funds held in reserve to mitigate potential contingencies Restricted Funds SeThTice Funds to facilitate servicing of sewing machines Location This fund relates to resources donated to cover work carried out in specific geographical locations. Lottery Fund to finance dressmakcTS and outreach WOTL Other Small non-recurring donations to cover various ain of the charity. 13 continued..
Drcssabili Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 15. ALLOCATION OF COSTS Activity Basis of Allocation Management Finance Staff Time Staff Time Staff Time 16. CAPITALISATION OF TANGtBLE FIXED ASSETS Fixed assets costing more than £250 are capitalised at cost. 14
Dressabili Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME ATr4D ENDOWMENrs Donations and legacies Gifts 1,926 160,905 7,549 141,157 162,831 148,706 Other trading activities On-line sales 2,279 66 Investment income Bank interest 3,306 175 Charitable activlties Client fees Fundraising 7,171 6,091 5272 6201 13,262 11,473 Total incoming resollrces 181,678 160,420 EXPETrIDfwRE Raising donations and legacies Wages Fundraising costs 23269 21,252 100 23,269 21,352 Other trading activities Purchases 406 819 Charitable activities Wages Servicing and repairs Sundries Marketing 77,520 50 2,696 4,093 74,673 42 2,655 5,620 84,359 82,990 Support costs Management Communications Postage and stationery Office utilities and rent Professional fees Training 1,528 3,745 2,040 17,738 720 1297 2,752 2,650 8,378 615 25,771 15,692 This page does not forni part of the statutory fjnallcial statements 15
Dressabili Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Management Finance BaDk charges Depreciation of tall7)1e fixed assets 1,010 1,974 263 1,517 2,984 1,780 Total resources expended 136,789 122,633 Net income 44,889 37,787 This page does not forni part of the statutory financial statements 16