**REGISTERED COMPANY NUMBER: 08291711 (England and Wales) REGISTERED CHARITY NUMBER: 1161119**
## **Report of the Trustees and**
**Unaudited Financial Statements**
**For The Year Ended 28 February 2021**
## **for**
**Style For Soldiers**
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
**Style For Soldiers**
## **Contents of the Financial Statements For The Year Ended 28 February 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Statement of Financial Position**||7||
|**Statement of Cash Flows**||8||
|**Notes to the Statement of Cash Flows**||9||
|**Notes to the Financial Statements**|10|to|17|
|**Detailed Statement of Financial Activities**|18|to|19|
**Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2021**
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 year ended 28 February 2021. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives, aims and public benefit**
The objects of the charity are, for the public benefit, to promote the efficiency of the armed forces of the Crown by assisting persons who are currently serving, or have served, in the armed forces, and their dependents (the beneficiaries) by:-
- Promoting and protecting the health, morale and wellbeing of those beneficiaries who have been wounded or injured.
Subject to the above, and to the extent that there are sufficient funds available, the objects of the charity are to provide relief for civilians and members of the armed forces anywhere in the world who are in need, as a result of being wounded, injured or otherwise affected by armed conflict, through the provision of clothing, equipment, or services and facilities.
## **Significant activities**
Holding the annual reunion Christmas event for injured service personnel, which promotes networking within and outside the military community.
Holding a family reunion event each Summer at Woburn Safari Park for injured service personnel and their families.
The provision of bespoke clothing and equipment to injured service personnel.
## **Public benefit**
The Charity looks to achieve these objectives, whilst demonstrating its charitable purpose for the public benefit by providing bespoke clothing, equipment, services and networking facilities for their rehabilitation.
The trustees consider that they have complied with their duty to have due regard to the public benefit guidance when exercising any powers or duties to which guidance is relevant.
## **Grantmaking**
During the year the charity provided grants to individuals of £60,220 (2020: £32,520).
## **Volunteers**
The charity does not rely on any voluntary help, but support services and facilities are provided free of charge by Emma Willis Limited. These amounted to £31,000 (2020 : £40,700) worth of donations in kind
Page 1
**Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2021**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
This year the charity's activities were greatly curtailed by the virus which prevented the many social gatherings and reunions we have found to be so beneficial for rehabilitation and the starting of new lives and careers. It has however amplified their value, how much they have been missed and will be resumed as soon as we are able. We did manage to hold the family day at Woburn Safari Park in the Summer which was attended by over a hundred and greatly enjoyed and we have happily just confirmed July 19th for this year's.
Style For Soldiers believes collaboration between charities and organisations with similar objectives is vital and continues to work with the NHS developing the Veterans Trauma Network programme, referring veterans directly. We also work directly with BLESMA providing clothing for their beneficiaries where needed, for job interviews etc.
The charity was again donated a Race day at York Races this year, following the success of the Newmarket Race Day and lunch, but this sadly had to be cancelled but has been re offered by the directors and will be taking place in 2022.
The charity continued to make individual grants of bespoke clothing and walking sticks to injured servicemen and women, as well as Russell and Bromley shoes and Reiss suits, both brands working with Style for Soldiers and donating, with the purpose of boosting the injured veterans morale and independence and help their recovery process.
With the continuing need for specially adaptive smart clothing due to prosthetics, the charity began working with two new bespoke tailors, Ben Stafford in Hampshire and Tom Browne in Eton. Chairman and Master tailor at Tom Browne David Coulthard is extremely generously donating suits and Ben Stafford giving a discount.
In 2020 Style For Soldiers continued to sponsor injured veterans David O'Mahoney to deliver his Well-being and Motivational workshops and due to their very positive impact on many veteran attendees the charity increased his grant to £20,000 pa to enable him to pursue his career as in this field full time.
David has been delivering his workshops by zoom to veterans and also to University students in collaboration with Glasgow University Psychology Society, supporting students suffering from isolation and other mental health issues due to the pandemic and bringing them together virtually at least to talk to each other within David's Workshops. His Workshop on Sleep hygiene was particularly well attended and appreciated.
David approached London schools to offer his mentorship and now works three days a week in St. Ignacious school with at risk pupils. Their Head is extremely grateful for David's volunteering and the the behaviour, punctuality and smart appearance of the pupils under his mentorship has been marked as has their increased self esteem and performance. David has created The Endeavour programme with an Endeavour attainment trophy being awarded to five pupils each term and handed out in assembly. The charity could not be more pleased to sponsor David and how he takes his very challenging life's experience in and out of the Military to help and inspire young men struggling in life.
The three veteran artists and poet previously sponsored by the charity all continue their psychologically supportive artistic careers and additionally Richie Cave, who the charity sponsored to build his own artist studio in his garden had secured several exciting commercial commissions is in the film industry. This year saw the continued sponsoring of Dougie Adams who qualified in the 2020 finals of Sky Arts Landscape artist of the year award and his career as a professional painter goes from strength to strength. The exhibition of veterans work put on by the charity, ' Art in the Aftermath' opened in Gloucester in 2020 but sadly has had to close due to the pandemic.
The charity continues to be contacted regularly by injured service personnel or their families for support with clothing or the opportunities to attend reunions having heard from fellow injured service personnel of the benefits of this support. Smart clothing and regular get togethers, with the additional support of Wellbeing Talks and sponsorships in the arts where creativity has been scientifically proven to help re-route the damaged neurologically pathways of the brain due to bomb blast or trauma, are the main activities of the charity which they believe is having a positive impact on the support and transition of our injured service personnel and their families.
Page 2
**Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Fundraising activities**
The charity received a £1.5 million LIBOR grant in 2017, which will enable the charity to undertake a programme of charitable expenditure over a 5 year period, in accordance with the charity's aims and objectives, and the LIBOR grant funding document.
Other donations were received in the year by a variety of sources totalling £4,417 (2020: £123,412).
## **FINANCIAL REVIEW**
## **Financial position**
The charity incurred a net decrease in funds of £97,626 during the year, increasing the balance on unrestricted funds to £324,089 and decreasing the balance on restricted funds to £327,243 at 28 February 2021, which is considered satisfactory in accordance with the charity's reserves policy.
The charity received a £1.5 million LIBOR restricted grant in 2017, a balance of £327,243 remains available to spend on this at 28 February 2021. This restricted fund is to be spent over a 5 year period to February 2021, in accordance with the grant conditions.The net expenditure of £102,919 on this fund, during the year, reflects expenditure incurred in accordance with these grant conditions.
## **Investment policy and objectives**
The charity's surplus funds were held in a bank deposit account for the major part of the 2017/18 year. These funds were invested in listed investments during the 2017/18 year, with the guidance of professional investment managers. The total invested was £1,200,526, and net sales of £148,634 were made during the 2020/21 year. The market value of these investments was £384,864 at 28 February 2021 (2020: £519,946)
## **Reserves policy**
The trustees have considered the requirement of the charity and its reserves. The Charity aims to hold a contingency of at least 12 months expenditure, to ensure continuity of support and maintain its operating activates effectively without undue reliance on the on the restricted LIBOR funds held.
The accounts show that the charity has net unrestricted funds of £324,089 at 28 February 2021 which is considered a sufficient reserve balance for the charity to hold to meet its foreseeable needs.
## **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.
The charity was incorporated with Companies House on 13 November 2012 and became a registered charity on 30 March 2015.
## **Recruitment and appointment of new trustees**
Under the constitution, the charity shall elect from its membership a Board of Directors, known as the Board of Trustees of at least three members, one of whom shall be the founding member, Mrs E C R Corfield. The directors shall hold office until conclusion of their term of office, which is three years after their election. A director may serve a maximum of three terms.
## **Organisational structure**
The charity is a company limited by guarantee, which delegates authority to an elected Board of Trustees. Support services are provided free of charge by Emma Willis Limited (a company of which trustee Mrs E C R Corfield is also a director)
## **Key management remuneration**
During the year, the Charity did not employ or remunerate any staff. The trustee E Corfield dealt with the day to day responsibility for the financial management and sustainability of the charity, regulation and compliance issues.
Page 3
**Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Related parties**
None of the trustees receive remuneration or other benefits from their work with the charity. One of the trustees, Mrs E C R Corfield is also a director of Emma Willis Limited, which provides support services to the charity free of charge.
Related party transactions are disclosed in the notes to the accounts.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
08291711 (England and Wales)
## **Registered Charity number**
1161119
## **Registered office**
Bearland House Longsmith Street Gloucester Gloucestershire GL1 2HJ
## **Trustees**
Mrs E C R Corfield Director Ms L A Hadaway Director Mrs M Witchell Director Lt Gen Sir G Norton KCVO CBE Director
## **Independent Examiner**
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Approved by order of the board of trustees on 19 November 2021 and signed on its behalf by:
Mrs E C R Corfield - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Style For Soldiers**
## **Independent examiner's report to the trustees of Style For Soldiers ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Spashett BSc FCA Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
23 November 2021
Page 5
## **Style For Soldiers**
## **Statement of Financial Activities For The Year Ended 28 February 2021**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
35,417
Other trading activities
3
-
Investment income
4
9,453
**Total**
44,870
**EXPENDITURE ON**
Raising funds
5
854
**Charitable activities**
6
Management and administration
35,289
Grants to individuals
-
Annual Headley Court Patient Reunion
3,434
Networking for Soldiers
-
Non Clothing grants
-
Art Tuition & Materials
-
Art Exhibition
-
**Total**
39,577
**NET INCOME/(EXPENDITURE)**
5,293
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
318,796
**TOTAL FUNDS CARRIED FORWARD**
324,089|Restricted
funds
£
-
-
5,727
5,727
23
-
60,220
527
168
10,000
37,374
334
108,646
(102,919)
430,162
327,243|28.2.21
Total
funds
£
35,417
-
15,180
50,597
877
35,289
60,220
3,961
168
10,000
37,374
334
148,223
(97,626)
748,958
651,332|29.2.20
Total
funds
£
168,722
6,423
12,184
187,329
1,296
48,312
32,520
147,800
8,702
-
-
142,801
381,431
(194,102)
943,060
748,958|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **Style For Soldiers**
## **Statement of Financial Position**
## **28 February 2021**
|Notes
**FIXED ASSETS**
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at bank
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
150,304
5,281
171,504
176,785
(3,000)
173,785
324,089
324,089|Restricted
funds
£
234,560
10,425
82,258
92,683
-
92,683
327,243
327,243|28.2.21
Total
funds
£
384,864
15,706
253,762
269,468
(3,000)
266,468
651,332
651,332
324,089
327,243
651,332|29.2.20
Total
funds
£
519,946
10,281
247,428
257,709
(28,697)
229,012
748,958
748,958
318,796
430,162
748,958|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 19 November 2021 and were signed on its behalf by:
E C R Corfield - Trustee
The notes form part of these financial statements
Page 7
## **Style For Soldiers**
## **Statement of Cash Flows**
## **For The Year Ended 28 February 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of fixed asset investments
Sale of fixed asset investments
(Gain)/Loss on investments
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|28.2.21
£
(128,855)
(61)
(128,916)
(3,197)
148,634
(10,355)
168
135,250
6,334
247,428
253,762|29.2.20
£
(53,794)
(60)
(53,854)
(4,630)
248,982
(5,341)
175
239,186
185,332
62,096
247,428|
|---|---|---|
The notes form part of these financial statements
Page 8
## **Style For Soldiers**
## **Notes to the Statement of Cash Flows For The Year Ended 28 February 2021**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
||28.2.21|29.2.20|
||£|£|
|**Net expenditure for the reporting period (as per the Statement**|||
|**of Financial Activities)**|(97,626)|(194,102)|
|**Adjustments for:**|||
|Interest received|(168)|(175)|
|Interest paid|61|60|
|(Increase)/decrease in debtors|(5,425)|114,726|
|(Decrease)/increase in creditors|(25,697)|25,697|
|**Net cash used in operations**|(128,855)|(53,794)|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.3.20|Cash flow|At 28.2.21|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|247,428|6,334|253,762|
||247,428|6,334|253,762|
|**Total**|247,428|6,334|253,762|
The notes form part of these financial statements
Page 9
**Style For Soldiers**
## **Notes to the Financial Statements For The Year Ended 28 February 2021**
## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid
Donated services and facilities|28.2.21
£
4,417
-
31,000
35,417|29.2.20
£
123,414
4,608
40,700|
|---|---|---|
|||168,722|
Page 10
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2021**
|**3.**
**OTHER TRADING ACTIVITIES**
Art Sales
**4.**
**INVESTMENT INCOME**
Investment income
Unrealised gain on investments
Deposit account interest
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Donations facilitation subs
**Other trading activities**
Interest payable and similar charges
**Investment management costs**
Support costs
Aggregate amounts
**6.**
**CHARITABLE ACTIVITIES COSTS**
Management and administration
Grants to individuals
Annual Headley Court Patient
Reunion
Networking for Soldiers
Non Clothing grants
Art Tuition & Materials
Art Exhibition|Direct
Costs
£
31,362
24,000
3,961
168
10,000
32,333
334
102,158|Grant
funding of
activities
(see note
7)
£
-
36,220
-
-
-
5,041
-
41,261|28.2.21
£
-
28.2.21
£
3,197
11,815
168
15,180
28.2.21
£
816
28.2.21
£
61
28.2.21
£
-
877
Support
costs (see
note 8)
£
3,927
-
-
-
-
-
-
3,927||29.2.20
£
6,423
29.2.20
£
4,630
7,379
175|
|---|---|---|---|---|---|
||||||12,184|
||||||29.2.20
£
216
29.2.20
£
60
29.2.20
£
1,020
1,296
Totals
£
35,289
60,220
3,961
168
10,000
37,374
334|
|||||147,346||
Page 11
continued...
**Style For Soldiers**
## **Notes to the Financial Statements - continued**
## **For The Year Ended 28 February 2021**
## **7. GRANTS PAYABLE**
|Grants to individuals
Art Tuition & Materials
**SUPPORT COSTS**
Management and administration
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Other operating leases|28.2.21
29.2.20
£
£
36,220
32,520
5,041
-
41,261
32,520
Governance
costs
£
3,927
28.2.21
29.2.20
£
£
10,000
10,000|
|---|---|
## **8. SUPPORT COSTS**
## **9. NET INCOME/(EXPENDITURE)**
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 28 February 2021 nor for the year ended 29 February 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 28 February 2021 nor for the year ended 29 February 2020.
## **11. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Unremunerated staff
No employees received emoluments in excess of £60,000.|28.2.21
2|29.2.20
2|
|---|---|---|
Page 12
continued...
**Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2021**
## **11. STAFF COSTS - continued**
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
148,722
Other trading activities
-
Investment income
2,767
**Total**
151,489
**EXPENDITURE ON**
Raising funds
276
**Charitable activities**
Management and administration
48,312
Grants to individuals
-
Annual Headley Court Patient Reunion
-
Networking for Soldiers
-
Art Exhibition
-
**Total**
48,588
**NET INCOME/(EXPENDITURE)**
102,901|Restricted
funds
£
20,000
6,423
9,417
35,840
1,020
-
32,520
147,800
8,702
142,801
332,843
(297,003)|Total
funds
£
168,722
6,423
12,184
187,329
1,296
48,312
32,520
147,800
8,702
142,801
381,431
(194,102)|
|---|---|---|
Page 13
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2021**
|**12.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
|||£|£|£|
||**RECONCILIATION OF FUNDS**||||
||**Total funds brought forward**|215,895|727,165|943,060|
||**TOTAL FUNDS CARRIED FORWARD**|318,796|430,162|748,958|
|**13.**|**FIXED ASSET INVESTMENTS**||||
|||||Listed|
|||||investments|
|||||£|
||**MARKET VALUE**||||
||At 1 March 2020|||519,946|
||Additions|||3,197|
||Disposals|||(148,634)|
||Revaluations|||10,355|
||At 28 February 2021|||384,864|
||**NET BOOK VALUE**||||
||At 28 February 2021|||384,864|
||At 29 February 2020|||519,946|
||There were no investment assets outside the UK.||||
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||28.2.21|29.2.20|
||||£|£|
||Other debtors||5,281|10,281|
||Prepayments and accrued income||10,425|-|
||||15,706|10,281|
Page 14
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2021**
|**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses
**16.**
**MOVEMENT IN FUNDS**
At 1.3.20
£
**Unrestricted funds**
General fund
318,796
**Restricted funds**
Clothing, Networking & Rehabilitation
Fund
430,162
**TOTAL FUNDS**
748,958
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
44,870
**Restricted funds**
Clothing, Networking & Rehabilitation
Fund
5,727
**TOTAL FUNDS**
50,597
**Comparatives for movement in funds**
At 1.3.19
£
**Unrestricted funds**
General fund
215,895
**Restricted funds**
Clothing, Networking & Rehabilitation
Fund
727,165
**TOTAL FUNDS**
943,060|28.2.21
29.2.20
£
£
-
25,697
3,000
3,000
3,000
28,697
Net
movement
At
in funds
28.2.21
£
£
5,293
324,089
(102,919)
327,243
(97,626)
651,332
Resources
Movement
expended
in funds
£
£
(39,577)
5,293
(108,646)
(102,919)
(148,223)
(97,626)
Net
movement
At
in funds
29.2.20
£
£
102,901
318,796
(297,003)
430,162
(194,102)
748,958|
|---|---|
Page 15
continued...
**Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2021**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Clothing, Networking & Rehabilitation
Fund
**TOTAL FUNDS**
A current year 12 months and prior year 12 months combined
**Unrestricted funds**
General fund
**Restricted funds**
Clothing, Networking & Rehabilitation
Fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
151,489
(48,588)
102,901
35,840
(332,843)
(297,003)
187,329
(381,431)
(194,102)
position is as follows:
Net
movement
At
At 1.3.19
in funds
28.2.21
£
£
£
215,895
108,194
324,089
727,165
(399,922)
327,243
943,060
(291,728)
651,332|
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Clothing, Networking & Rehabilitation
Fund
**TOTAL FUNDS**|Incoming
resources
£
196,359
41,567
237,926|Resources
Movement
expended
in funds
£
£
(88,165)
108,194
(441,489)
(399,922)
(529,654)
(291,728)|
|---|---|---|
The Restricted funds relate to grants that have been provided to fund the purchase of specific goods for injured-servicemen and women as outlined in the grant agreements.
Page 16
continued...
**Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2021**
## **16. MOVEMENT IN FUNDS - continued**
## **17. RELATED PARTY DISCLOSURES**
## Emma Willis Limited
Mrs E C R Corfield, trustee of this charity, is a director and majority shareholder in Emma Willis Limited.
During the year the charity made purchases of shirts and other attire at rates below the regular market price from Emma Willis Limited totalling £29,370 (2020 : £25,697). As at year end, there was a net balance due to Emma Willis Limited of £nil (2020:£25,697).
The company dedicated some of Mrs Corfield's and Miss K D Jones' (director of Emma Willis Limited) working hours and expertise to the charity to ensure smooth running of the charity. This time was free of charge and the estimated value of the services were £21,000 (2020: £30,700). The company also provided the use of office facilities free of charge thought to be worth £10,000 (2020: £10,000)
The supply of free services from Emma Willis Limited are shown as donations in kind and are also included as expenses in the SOFA..
Page 17
## **Style For Soldiers**
## **Detailed Statement of Financial Activities**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Donated services and facilities
**Other trading activities**
Art Sales
**Investment income**
Investment income
Unrealised gain on investments
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Donations facilitation subs
**Other trading activities**
Bank interest
**Charitable activities**
Rent costs donated in kind
Wages costs donated in kind
Postage and stationery
Sundries
Events
Insurance
Exhibition costs
Gifts for solders and partners
Soldiers reunion food & drink
Venue Hire Costs
Hotel & travel for soldiers
Networking for soldiers
Art tuition & materials
Retreats
Grants to individuals
**Support costs**
**Governance costs**
Accountancy
Carried forward|**For The Year Ended 28 February 2021**|28.2.21
£
4,417
-
31,000
35,417
-
3,197
11,815
168
15,180
50,597
816
61
10,000
21,000
-
362
-
-
334
527
-
10,000
3,434
168
25,000
31,333
41,261
143,419
3,790
3,790|29.2.20
£
123,414
4,608
40,700|
|---|---|---|---|
||||168,722
6,423
4,630
7,379
175|
||||12,184|
||||187,329
216
60
10,000
30,700
3,091
32
16,480
709
142,801
10,258
11,061
55,163
62,051
1,489
-
-
32,520|
||||376,355
3,643
3,643|
This page does not form part of the statutory financial statements
Page 18
## **Style For Soldiers**
## **Detailed Statement of Financial Activities**
|**Governance costs**
Brought forward
Brokers fees
Legal fees
Total resources expended
**Net expenditure**|**For The Year Ended 28 February 2021**|28.2.21
£
3,790
-
137
3,927
148,223
(97,626)|29.2.20
£
3,643
1,020
137
4,800
381,431
(194,102)|
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 19