THE SCHOOL OF HISTORICAL DRESS LIMITED REPORT AND FINANCIAL STATEMEpirs 31Jth Sefv¥bw 2023 COMPANY REGISTRATICthI NUMBER: 7017312 FMk Laehrnan 16b Norlh End Road Gold•rs Grwi London NW117PH
THE SCHOOL OF HISTORICAL DRESS LIMITED YEAR ENDED 30TH SEPTEMBER 2023 LEGAL AND ADMINISTRATIVE INFORMATION DIRECTORS & TRUSTEES: Susan Wrthefow Tnjslee Di¥e¢tor Professor Jennifer Jane Tiramani Director Harriet 88bY Tntstee Vanessa HopkTrns rrustse DirÈclor Professor Maria Ha[d Trn$tee Dr Nabl El Nayal Trustee SECRETARY: Harriet 8wsby REGISTERED OFFICE: 52 Lambeth Road Lon¢k¥n SE1 7PP INDEPENDANT EXAMINER Frank S La¢hman 31 FaiNiew W*y Ety8re Middlesex FIA8 WE CHARITY REGISTRATION NUMBER: 1142188 COMPANY REOISTRATION NUMBER.. 7017312 Page 1
THE SCHOOL OF HISTORICAL DRESS UMITED DIRECTORS. AND TRUSTEES. REPORT The dire¢torsltrustees present their report and the financaal statements for the year ended30th September 2023. Dir•ctors' R•sponslbilities Company Law is also apPIable to tharitable comparies in England and Wales reryres the directors, o are abo trustee$ of the company. lo wepare fnancral Statements for each financial ye8r sthich grve a true and fair wew ofthe state of affars of the ¢l¥nY ofthe results ofthe company for th year. In preparing Ihce fmancial statements, the direct$¢6 are required to." Select suitable accounl11g poltcies and then appiy them consistenty. observe the methods and printiples in the Charities SORP make judgements and estimates that are reasonable and prudent state %•knether appliCae UK a¢¢jntig slandards have been followed. subject toany material departures disdosed and explained n the fmancial $talements.' prepare the financral statements on the gcang eonewn basis unles$ Trt is knappTO[xtÈ lo presume that the CoMpY 11[ Continue in business. The dir¢ctorBnrustee& are responsble keepng proper accounting iecLYds ththich dtydc4? reasonable accuracy at 8ny time the nanThal posknn of the Company and to enable them to enwre thatthe )Inan¢4al Ststsments comply Y7th Ihe Companie5 Ac 2. They are also responsible for safeguardnsthe assets ofthe mpany and hence for taking rea80nable steps forthe prevention and detection of fraud an¢ other irrew1Ttse8. Disch)sur• ol inforniatbn to examk So far a$ each director at the date ofapwoval of thits report 1$ aware: • thwe is no relevant auolt inf0rn7ation ol ¥thith the compan$ examiner is unare. and the director¥ have takn all steps that they ought to bave tsken to make themselves awareof any relevant information and to establish Ihat the eaNner is atrrdre of that information. Principal activity and charitable o¥xtive The objects ofthe d)arty are to advan eikFcakn for the publFc benefft by ¢StAlsng a nwofft makn9 s¢ho0l to teach all the aspects of the design and makwig of hislorical dothi)g fv theatre. cinema andthe fving history mc)vement vdth particular foLM&s on developing Skih in liSttyal tsd(ving. oryan1&i0n and constitytlon The company Wds incorporated on 13th &ptembw 2009 and is govemed by rts MeMoranm and Arbdes of Association. The t>)rnp8ny became a Reg*red Chaiity on 1st June 2011. charity number 1142188. The comparry 18 limited by guarantee 4rFd Iw no share capital. The wara)tees of indmdual rntmbws ¥e Imfted to£1. Company Res•$trallon Trumber 7017312. Public nefit In Shaping the chaTy. the trustees have nsidered the Charity Commi88ions Guidancè trn public beneft. Page2
THE SCHOOL OF HISTORICAL DRESS LIMITEO DIRECTORS. AND TRUSTEES. REPOR7 Co.vrses .A irfogramme of short courses Qpen lor booking lo the pubfic were held wi October and Nwember 2022, mainly on aspihcts of 18 and 19 centurywomen's dress. together lIh one course on men'$ 18 ¢enDJry breedles. In 2023 we offi!red e series of Gouw8 in the SwFng Summer on a variety of subjects inclu¢thng rn1&20 couture con5tnJction. mantua-making and tailorlng stitches 141600. These were lollowed ni Juty by a free week-loftg course for eight students to reconstru¢t a ¢.1720 be slk damask mantya and petocoat from our Schod oledion. A series of 6hort urSe¥ were held for c0srne design and construclion sbjdents from Mason Gross Schod of Art at Rutgers UnTriersty. were li Lonthn for a stu¢ty abroad Semester. These took pthce in October and November 2072. Ouf school also berne a partner of a new course, Genesis Theatrg De>ign Ech Y4s Inded wi 2023 for students from the Global MaN)rity. Six Genesis 8bJdents stil9 stsge and ¢ostsme desm took a 8tr1e¥ of das$es the histcry of dress at our 8thcKA from April to July 2023. Exhibitions In December 2022 we held our first exhimion 'Ouf Collection by COICr.. No.1 WHITF in aTrew $wies of exhknition$ open lo the general public during hodaY b'rnes of the ye8r vknen our short courses are notso popular. The second exhibrfion in the Swies 'No.2 8LUE' was held in Aubw$t and September 2023. 'BLUE fea)Jed r(e of worfd dress Nthi¢h were created ustng Veng degree$ of wasteful or wasteless method5. The items on(lisplty included btsth thè original and reconstnjcted blue Man0 handmade by students on our free course i) Juty. Both exhibiiiorts attractsd several hunted visilo trom ithverse baekgiounds induding museum profeswonak, dre$sht. ¢osbJme and fashion $fjJd8nts, the$8 and Fd5hlon eFrthusiasts, curious lo¢al residents 8nd passets by. Tr opèn-dotsr policy to the exhibrhon has Ieased our protle the nwhbourtiood and added another vrdy of educakng by sharng our collection and knovAedge aboLrt the Iwstory of dres$ 7hilh a lder au('en¢e. Collab)vatifm• The Royal Collection Trust held their exhilion 'We and So&etr. Dressing the Georgians. at the Queen'$ Gallwy, ¢kingham P8Sace from Aprit to October 2023. We lerrt fve 18 -centrJry Vig and hairdressin9 reIed obiecis from our colection to the exhibition tre a150 feaknred in Ihe catslogue. In adthtim, we mats'dresBng-up' dothes for wsitor$ to try on, held a one41ay er•alrie ¢our8¢ dlte Georgian dres8 and L))nlttsuteé to $•veral other exhbttior fo5$ed events at the galery. Publicalions The remsed Patr8Tns ofFa$hn 2." The ¢ontsnt. CL#, &sttIon and a>ntext of women's drgss ¢ 18W1940 in Englislj & Fran.ch Colectths was c¢mpleled and arrived at ¢xJi sthool In Lcndon n November 2022 lIh the first print n ot the new Pattems ol FaShn 6. The ccvjtent, Gut, conslNcfr"on and Gontext ofEuropaan WL¥Tr¢n's Lkess C. 169& 1795. The third print run of Patterns of Fash 5." Th8 content. c. COnstrtion andcontéxt of b0s, stays. hGQPS & mmps c 159&y 795 arrlved at our school in London in September 2023. Page 3
THE SCHOOL OF HISTORICAL DRESS UMITED DIRECTORS. AND TRUSTEES REPORT14wntinu¢d Flnan Th& charitys &b"vities continue to have a F#Jsiti4fe effert on the reseNes. Ri•k MageMent rhe D)ryany undetrlakes peric•9 rleY6 fcrf thffelent areas of risk inclLwJing Iw[an c0vV.a11h 8ryJ safety licies in the wtYkpla¢e and teachFro. MvrkJ"rg young chik1Ten,knanfJal affairs." Fmonnel wacb'ces.. ICT techfftlogy The Bcrd ol T have estat4thed a Fobcy vtherety the unreth¢led furth hekl ty the Tty ver a minimum of six m¢)nths runntro ccth (salaries ard overheajsl. DtOrS tru•t•gs The directorthtees set hekj durirF the Vfi0 year ueSS ethe7$e iithcabj on toJe 1 ol these a¢Unts.. S(ar1 Wjthe Professor Jennifer Jane Tiramar Vanessa Hcpkn'r Professor Maria Hayward Harriet Bar5by Dr Nat¥l El Nayal Patron Dame Wrvnne WesfyMJod, Patron crfe4JT &&KoI nce irtetsicffl ofthe sthcol on1he * Decemtw 2(122 Golng conc•rn The directo¥s and trLtee$ confirm that a (%)ern is apFwiriate f(x preFoth"on Dfthe8e acc¢unb. They also confirm that in their ¢¥nI the wnFWy ill be ablè to c¢xrtinue tradirg for a atst 1211tr6 the date of this report. The mjvemerrt in reseNes ts shown 710 ts arts. This rep)rt has been weed in a¢Idan vth the wovisiorB in Part 15 ol Conyanies aFYicat4e to companies $uty"ert to the Small cornF4n regrr. This reFQrt was aFprov8J by tr k(>ard 30th May and on ils bLaif by Prof¢¥Jemrfef TKamar Professor Jennifer Tirarroni Director
I"HE SCHOOL OF HISTORICAL DRESS UMITED INDEF'f:NDENT EXAMINERS, REPORT ON THE ACCOUNTS I reptir. to the charity trustees on my examinalion of the accoun18 of the company for the yeafended 30th Seplembet 2023 Mihich are set out on pages 6 10 11 ReSplS$bilitieS and basis of report 1h,° i=harity's trustees of Ihe company land also its directorB for the purpose$ of company I) you are re$pon)ie for the preparal'otb of the accounts In accordan¢e the requirements of the Companies Act 2006 ('the 2(106 A¢t'). Havino satlsfied my5elfttMt the a¢¢ounts of company are not requlred lo be audrted underPart 16 01 the 2006 A and art.. eligible fpr independent examinetion. I report in respeet of my examination of your thty,6 accounts a$ carried out uncier section 145 ol the Charities A¢1 2011 (the '2011 Acfl. In carrylng out my examinati011 have fc4led the Direclicffts Ven by Ihe Charity Commission under Section 145(5)Ib) of the 2011 Act. Indepeiident examiner's report Sinc¢ tlie ¢ompany5 0$S Sncome exceeded £250.000 your examiner rnu$t be 8 member of ebooy listed in section 145 of the 2011 Act. l confirm that l am qualified t) undertake the examination because l am a member of the Ifistiljjte of Chartered ACCountar in England & IAlales, vthich i8 one of the h'sted bodies. I have c(Jmpleled my examlnation. l ¢¢nfirm that no matters have com.e to my attention in ¢onTrction vlth the examination gwing me cause lo belleve.. (1) a¢¢ounkng rewrds were not kept In respect Dfthe company as fequired by 6ection 386 of ts 2006 A¢tr, (2) the a¢counts do not accord those accounting re¢oth', or (3) the accounts do not Oomp th tho a¢¢ounkng reryiremèrrts of section 396 of the 2006 Aclother th4n any requirement that the accounts gfve 8 'true and tsir, view is not a matter considered as partof an independent examinatton; or {41 the accounts have not been prepared Mi accordanoe with the methods and principles of the Statement of Recommend¢d praclict for accounting arkd reporting by Chare$ ap£¢able to ¢harib¢s preparing theii ac¢ounts In accordance vitlh the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 1021. I have no concems and have come acioss no other mattern in connection yth Ihe examrnation lo %thi¢h attention should be (trawn in Ihi8 report in Ofdèr tts enable a proper understanding of the accounts to be reathed. Frank S L8chmaTr Chartered Account8f.t Independent Examiner 30th Moy 2024 31 Fairview Way Edgdre, HA8 8JH Page 5
THE tsCHOOL OF HISTORICAL DRESS UMITED Statèment of Finan¢lal Activlts {inCorporatg an Income and Expendituf• A¢count) For the Year Ended 30th S•ptsmber2023 Total Fund$ 2023 Gen¢tsl Total Funds 2022 Noto5 Gengr41 Incom? Lega&e$ and donation$ Investrnent income 42,337 1,180 41337 4,OCNJ 1.180 81 81 Chaiitrt4e actNitie¥ 284.530 284,530 390,279 3375 Total incom• 328 47 394 360 394J60 ExpenditsJr• Charitsbfe Athty Costs 262,329 262.329 290,845 290MS Total ¢xwdliure 262,329 290,845 2X) Net ncome 65.718 66.718 103.515 103J15 Fullds broughi fornard 20,985 920,985 817,470 117N70 Funds carried lornard 986.703 920.985 920.985 The statement of FanCI¥l h¢#vilies refiÈGts the rewtts of conlinLHng 8cbviiles for the yew. There Vowe no reD)gni8ed garn$ or Fosses other than the net outyM)g resowces for the year. The not out90g resourc for th• year have been Ca1lated on the hIstlea1 ¢o%t basis. Th& notes on page8 8 t,) 11 form part ofih 8c¢ounts. Page 6
I HE SCHOOL OF HISTORICAL DRESS UMtTED Ba ani.ia Sheet at 30th S0ptwb•r 2023 2023 J722 Tar g1kn Fixed A5$0ts 770.379 745,514 Cut Tnl Assets Stoi k I:.f Fa$lMon 8ook$ Casil at bank and in hand 78,512 171.682 37,833 186,809 250,194 224,642 Crn..lilvrs - Amounts falling due wilhln on 33.870 49.171 Net tsilrrènt Asso ToL"Il l.ssets l•ss Cumt Li•billtl 216224 986.703 175,471 920,985 Fun,Js UnrÉ.$tricted Funds 986.703 920,985 986.703 920,985 For trie yar ended 30 Septernber 2023 the coffany was entitted tts exemptKin undw seclion 477(2) of the Ccthp4nies Act 2006. No menibers have rewired companyto obt&n an autht of accounts frjf the period in que6ts)n accordano8 vhlh secl¥>n 476 ofthe Cthwanies Act 2006. The dire¢tors acknovledge respcms>lity for.. i. enwthg the o)nwony keeps accol¥b9 record8 compty with seclx>n 386". and 11. Pfeparing accounts Nthi¢h give a true and fair ¥w4 of the 8tste of affaFrs of the ¢ompany a$ at the end The accounts have been prepared in awdan¢e ilti Ihe speual yovtskns appFicable to companies subJ•¢t to the BmaH CompleS. regime urxler CompaThes A¢t 2006. Approved by Ihe threet8 ¢)n 301h May 2024 and siwed on thelr behalf by Proft¥8orJennllet Trama P80r Jennifer Tiramani DFreLlor Page 7
THL SCHOOL OF HISTORICAL DRESS LIMITED Notes to the Financial Statements For the Year Ended 30th Septemb•r 2023 1 A¢counting P•18 (a) The financial Statements have been wered 41 a¢cordèn¢e Ac¢wnting and Reporting by Ch8ritses.' Ststement of Recommended Pradice apiCs1e to charities preparing theÈr accounts in accordance with the Financial Repong StandaTd applble in the UK and Repubb¢ of Irel8nd IFRS 102) lellective l January 2019} - (Charities SORP (FRS 102)), the Fuianoal Reportong &andard applicable in the UK and Rewblic of Ireland (FRS 102) and the Companies kt 2006. As a small company,The School of Hl0cl fhess Limrted has not Frfesented a cashltyrt in Ihese accounts on th• basfs of the small CoanY exernption unthr FSR102. seclr¢)n 7. The S¢hool of Histori¢al Drws Umrted meets the defirmtion of a public benefit entity unor FRS 102. A$8ets and labalties are initr4lly recON5e[l at historical cost or tran$action vakne unless othIse stated in the relevant acGounb"ng policy note(s). (b) Ineome In¢ome is recognised en tho chwity has enlilement to the fijnds. ary performance ¢fn(fitions attached to the tsm$ of income have been met, t i% prob&sle thatthe in¢ome be received and the aiytount can be measured reliably. In¢ome from grarrts, thether capital cff revenue grants, & recognised %then the th&rity has entitlement to the lunds, any performan¢e condibons atsa¢hed to the grants ha$ been me( il i& prob&4e that the income be re¢eNed and th amount can be measured relabty and is not dÈferred. {¢) expenditur• AJI expenditt¢re accntsd fcf on an x¢nffjfs ba$i5. Expenthire is reCOlse once Ihere is a legal or ¢onstructive oblgation to Fnake a pa1 to a third party. 11 is probable that setllement Iwl be required and th8 amount of the Obligatic can be measured reliabty. Costs are allocatpd to a category eithw because suth Costs ère direth inclsrred n rd4tim to suc4b tegOry, or because they are support ¢o$ts in respe¢t of apportionment has been made bekn the categorfes. Support costs con$Tr8t of infrastru¢tttre Costs for salaries. premises, office admirAstration. &Jch are apportioned on è reason8ble and consiglent bis to the varilws categorle6 hith a view l• detemiining, as accuratety as possible. the totsl resrJJrce$ expended for each category. The baw of appjrtionment used Is ether a functFon of stsff time apled to a wen adiwty. or an esb'mate of th• prOpoOn of ¢rtstsas8OCiated the Same. or a combination of both. D[re and Support costs are sepaT8lety shown by n8tt¥al dassification kn Note 5 to these aG¢tyJnts for each ¢ategory of cost The company as a rewered ¢harity I number 1142188) is exempl from taxation on mostinvestment income Insofar as it is app&ed fc charrtable puryjoses. The company 1$ akn exempl from taxation on capilal galn8. (•) DebtOff5 Trade and olher debtors are recosN7ised at the settlement amowit due after trade dis¢rJJnl offered. Prepayments are valued atthe amount prepd net of any tra( thscounts the. In Credilors and pMvi$l¢s Creditors and provisions are re¢owi&ed there the charty has a preseni ¢figafjon resutting from a past event that wtl probabty result in the transftr of funds to a thvd party and the amount due to sethe Ihe obligation Can be measured or esmated relabty. Crethtors and WOVPiLlts art nwmalty recognised atthew settlement amount after alloY+ing for any trade ths¢ounts the. (gl Flxed assets No depieciatson b charged on the coNectiDn or freehokl wopwty a$ these are ¥¢Trreciang assets and the Charity mailtains these on a reoular basis. Depreciation is chai'ged on equipment at the rate of 25% on cost. Page 8
rHE SCHOOL OF HISTORICAL DRESS UMITED N4)to: tli Ihe Financial statenThts Fw tt e I Ended 30th Sèptember 2023 2 l and donations UTrrestricled Funds Unrestrict8d 2022 202] C. ra,"ts C )Th.itions Iding Gift A#1 41>00 42,337 42x77 42.337 42J37 4000 3 C ia.'rtable Aclivlty UnR5tricted Funds 259,300 25.080 150 2023 25gMI 25,(fi0 150 2022 280 109,931 Fi es, evts. ¢onmlssions. t••¢hlng hires & In(iry incow and rKh•rges 284.530 284,SlO a279 4 Cl iarbtable Adivty cost% Support Supportd Charftab Goven4sKe Charilable Govemanre Activty Costs Activty Costs Totsl 2023 Costs Costs Total 2022 Ew:nt, and le¢ttwe costs C¢.'lalioration ¢o8ts BLt 119 Mten1ce AtJ,TIiTiistrAtiM fee end expnses CoyJr£.e m4terFal8 and ewrtiment Bookr, br resale Ev and exhibition co$ Eq JipTrent expended Display and ar¢hNe ¢08ts Mi¢iceUanetxM expens•s Stc'rage Insurance Ulillies and ratss Volunteer expenses Travel. motor and subsistence Postage. courfer alxl packaging Accountancy Le1, cwSuItan and professional fees statOry Costs Account charges Depre¢iation Website and inlemet sts 833 833 10270 551 551 10,270 6,553 12,544 71.110 30.065 2.887 8,329 12.544 71.110 30.065 2,887 8,329 15,788 16,78 137,015 137,015 2,403 4,592 2.403 4.892 601 6.739 8,739 6322 581 6321 1,925 1,925 $,947 5,947 4,684 5.581 6221 5,590 2.540 174 174 93,668 1,846 76,054 76.054 1,970 93.8 1,970 1,84S 571 S71 113 10.208 105 10.064 1.209 709 106 10,084 1,209 10.208 1.209 1.801 Totsl 9A13 261 The thaTY tloe8 not erykny any stsff. No f¢MUnerati is paid tv ary of the dre¢tors and trueeg. Page 9
THE bCHOOL OF HISTORICAL DRESS LIMITED Notas to th¢ Flnancial Statements For the Year Ended 30th S¢ptembèr 2023 5 Tangibh Fixed Assets Coslume5. Exhibits, Collectton, Refer•nce Freehold Books and Property Patterns Equipmnt Tolal Cost 1st Odobèr 2022 554.314 188.782 4,837 747.933 Addiknons 26,074 26,074 Cost 30th September 2023 554.314 214.856 Deprsyciation 1st October 2022 2.419 2h19 Charg& for the year 1,209 1,209 Depreciation 301h Sèptember 2023 3,628 3,628 Net Book Vatue as * 30th September 2023 554,314 214856 1,209 770.379 Net 8ook V88 as at 30th September 2022 554,314 188,782 2,418 745,514 6 Creditors - Amounts falling due wlthin one ye•r 2023 2022 Loarbs Arual$ Other Taxes 32.669 1,900 16991 47,554 1,800 1183) 33,870 49.171 7 Movomenl in Fuiids Balance at Balance at 1 0¢tor 2022 SgPt•mber 2023 In¢ome Exp8nditure Tran$f• Unre8tri¢ted Fund8 General 920.9e5 328,047 1262,329) 986,703 920,985 328.047 262,329 986,703 Th• alx)ve thnds ¢ompri¥e: General Fund: are moneys %thi¢h Can bfr u$ed by th* TnJste¢s at their dls¢rellon for any pury)ose and wthi¢h have not been designated by them previous Pagt 10
I HE SCHOOL OF HISTORICAL DRESS UAIITED Not¢s to the Financial Statements For I',ie Vear Ended 30th Septgmber 2023 8 Ana.,Iy5i$ of Net Asi•ts botrw••R Funds Tangiblo Fixed Currpnt Total Assets Assets 2023 Total 2022 Unrestricted Funds: 770.379 216,324 986,703 920,985 770,379 216,324 986,7Q3 920 985 9 Truste Durlng the year, none of the trustees.recwed any remtheration from the thjst and no expnse$ were reimburged or pakd to any of them. 10 Related Party TranSalon5 During the year the ¢harlty paid Tram8ni Lhnrted £11.CKIO (2022 È20.5C(> l Fn resped of pattern taking. thessing. m•tpr$8h and work on Pètterns of FashKJn. Tiramani Linited 15 0ed by Orofess Tiramani diiector of this charity. Tlle work was at or bek¥vi the commeral value and VA8 w>proved by the r*witls trust ènd threctCrfS. Page 11