# **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 2025**
**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 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Statement of Financial Position**|7|to|8|
|**Statement of Cash Flows**||9||
|**Notes to the Statement of Cash Flows**||10||
|**Notes to the Financial Statements**|11|to|18|
|**Detailed Statement of Financial Activities**|19|to|20|
## **Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2025**
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 2025. 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 £87 (2024: £2,255).
## **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 £19,000 (2024: £18,000) worth of donations in kind.
Page 1
## **Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
Style for Soldiers was honoured to appoint General Sir Tim Radford KCB,DSO,OBE as Chairman of the Charity on 10/1/25, former Deputy Allied Commander Supreme Europe.
Style for Soldiers work for the year 2024/2025 has continued to focus on three reunions a year, the founder Emma Willis having identified the vital importance of our injured military personnel and veterans keeping in contact with each other. The purpose of the Style for Soldiers Reunions is to encourage injured service personnel, who through life changing injuries may be suffering debilitating feelings of isolation or lack of confidence, to attend a social occasion in a familiar environment with like minded former service personnel or those still serving, but needing the company of those with life changing injuries both physical and psychological. They are often the first social occasion they have attended since injury.
The Summer Dinner with hotel provided by the Charity, Family Day at Woburn Safari Park with hotel and dinner for that evening and big Christmas Dinner in London with again hotels for all, provide uplifting events to look forward to throughout the year. Injured veterans very often painfully miss their military friends, who are able to give each other great support through unique shared experiences and challenges. The events also unite their wives, partners and children, who often become carers and equally need the support of each other.
There are no other such events reuniting former patients of Headley Court Military Rehabilitation Hospital, who the founder Emma Willis visited mainly in the Complex Trauma Unit between 2008 -2018 making a bespoke shirt for them, and her contact details gathered from this process has allowed the Charity to gather all those she met in these important reunions.
The Charity is very grateful for repeat grants from The Veterans Foundation, The Army Benevolent Fund, The Adrian Swire Foundation, The Bernard Sunley Foundation and continues to actively fund raise to cover the approximately £130,000 it needs to raise to host the three events.
Emma Corfield / Willis runs the Charity with the help of her business Emma Willis Limited's staff, with no cost to the Charity, and hopes to be able to provide the uplifting and important reunions well into the future.
## **Fundraising activities**
Funds have been raised this financial year by Emma Willis making grant applications, emails to supporters about the Charity's work resulting in private donations, social media coverage and significantly this year, the Veterans Foundation You Tube videos of the Charity's work which a raising the profile of Style for Soldiers to potential supporters recognising the value of the Charity's work.
Grants: The charity has successfully applied for grants from ABF The Soldiers Charity, The Veterans Foundation, The Adrian Swire Foundation and The Bernard Sunley Trust this year. These are all repeat grants. The Charity will be looking into applying to further Grant giving Military Charities.
Emma Willis Limited donates all clothing to Style for Soldiers.
Annual Fund-Raising Events: The charity held no fund-raising events this financial year.
SPONSORSHIPS OF VETERANS: There was no sponsorship of veterans in this financial period.
## **FINANCIAL REVIEW**
## **Financial position**
The charity has approximately £250,000 still invested in Church House and at 28/02/25 £105,684 in the Lloyds current account, so will be actively fund raising and seeking support in the year ahead in order to continue providing the keenly awaited and much needed reunion parties for our injured service personnel and their families.
Page 2
## **Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2025**
## **FINANCIAL REVIEW**
## **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 originally was £1,200,526, net sales of £nil (2023/24 £nil) were made during the year, and there have been various sales in prior years. The market value of the remaining investments was £258,360 at 28 February 2025 (2024: £261,658)
## **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.
The accounts show that the Charity has net unrestricted funds of £379,102 at 28 February 2025 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.
## **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.
## **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
Page 3
## **Style For Soldiers**
## **Report of the Trustees For The Year Ended 28 February 2025**
## **Registered office**
66 Jermyn Street London SW1Y 6NY
## **Trustees**
Mrs E C R Corfield Director Ms L A Hadaway Director Mrs M Witchell Director (resigned 11.7.24) J E Sheridan Company Director M Weston Headhunter H J L Crowder Non-Profit Professional (resigned 14.7.24) Professor P F Mahoney Doctor (appointed 7.3.24) (resigned 11.7.24) Gen. Sir T Radford KCB,DSO,OBE Senior Counsellor (appointed 10.1.25)
## **Independent Examiner**
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Approved by order of the board of trustees on 15 October 2025 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 2025.
## **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
19 November 2025
Page 5
## **Style For Soldiers**
## **Statement of Financial Activities For The Year Ended 28 February 2025**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
93,333
Other trading activities
3
1,825
Investment income
4
25,137
**Total**
120,295
**EXPENDITURE ON**
Raising funds
5
1,533
**Charitable activities**
6
Management and administration
30,769
Grants to individuals
640
Reunion Party Costs
89,168
Networking for Soldiers
54,526
Art Tuition & Materials
60
**Total**
176,696
**NET INCOME/(EXPENDITURE)**
(56,401)
**RECONCILIATION OF FUNDS**
Total funds brought forward
435,503
**TOTAL FUNDS CARRIED FORWARD**
379,102|Restricted
funds
£
10,000
-
-
10,000
-
-
-
10,000
-
-
10,000
-
-
-|28.2.25
Total
funds
£
103,333
1,825
25,137
130,295
1,533
30,769
640
99,168
54,526
60
186,696
(56,401)
435,503
379,102|29.2.24
Total
funds
£
113,777
-
8,836
122,613
4,046
25,197
23,085
92,324
29,135
-
173,787
(51,174)
486,677
435,503|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **Style For Soldiers**
## **Statement of Financial Position 28 February 2025**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Investments
13
258,360
**CURRENT ASSETS**
Debtors
14
26,614
Cash at bank
105,684
132,298
**CREDITORS**
Amounts falling due within one year
15
(11,556)
**NET CURRENT ASSETS**
120,742
**TOTAL ASSETS LESS CURRENT LIABILITIES**
379,102
**NET ASSETS**
379,102
**FUNDS**
16
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-
-|28.2.25
Total
funds
£
258,360
26,614
105,684
132,298
(11,556)
120,742
379,102
379,102
379,102
379,102|29.2.24
Total
funds
£
261,658
10,349
167,996
178,345
(4,500)
173,845
435,503
435,503
435,503
435,503|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.
The notes form part of these financial statements
Page 7
continued...
## **Style For Soldiers**
## **Statement of Financial Position - continued 28 February 2025**
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 15 October 2025 and were signed on its behalf by:
E C R Corfield - Trustee
The notes form part of these financial statements
Page 8
## **Style For Soldiers**
|**Statement of Cash Flows**
**For The Year Ended 28 February**
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
(Gain)/Loss on investments
Transfer
Interest received
Dividends received
Net cash provided by/(used in) 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**|**Statement of Cash Flows**
**For The Year Ended 28 February**|**2025**
28.2.25
£
(90,747)
-
(90,747)
(9,796)
(14,906)
28,000
10,231
14,906
28,435
(62,312)
167,996
105,684|29.2.24
£
(63,469)
(15)
(63,484)
(8,430)
3,078
-
4,274
-
(1,078)
(64,562)
232,558
167,996|
|---|---|---|---|
The notes form part of these financial statements
Page 9
## **Style For Soldiers**
## **Notes to the Statement of Cash Flows For The Year Ended 28 February 2025**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||||28.2.25|29.2.24|
|---|---|---|---|---|
||||£|£|
|**Net expenditure for the reporting period (as per the Statement of**|||||
|**Financial Activities)**|||(56,401)|(51,174)|
|**Adjustments for:**|||||
|Interest received|||(10,231)|(4,274)|
|Interest paid|||-|15|
|Dividends received|||(14,906)|-|
|(Increase)/decrease in debtors|||(16,265)|13,270|
|Increase/(decrease) in creditors|||7,056|(21,306)|
|**Net cash used in operations**|||(90,747)|(63,469)|
|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
||At 1.3.24||Cash flow|At 28.2.25|
|||£|£|£|
|**Net cash**|||||
|Cash at bank|167,996||(62,312)|105,684|
||167,996||(62,312)|105,684|
|**Total**|167,996||(62,312)|105,684|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
The notes form part of these financial statements
Page 10
## **Style For Soldiers**
## **Notes to the Financial Statements For The Year Ended 28 February 2025**
## **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
Grants
Donated services and facilities|28.2.25
£
58,458
5,875
20,000
19,000
103,333|29.2.24
£
90,740
5,037
-
18,000|
|---|---|---|
|||113,777|
Page 11
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
|**3.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||28.2.25|29.2.24|
|||£|£|
||Poppy sales|1,325|-|
||Ticket sales|500|-|
|||1,825|-|
|**4.**|**INVESTMENT INCOME**|||
|||28.2.25|29.2.24|
|||£|£|
||Investment income|-|4,562|
||Gain on investments|14,906|-|
||Deposit account interest|10,231|4,274|
|||25,137|8,836|
|**5.**|**RAISING FUNDS**|||
||**Raising donations and legacies**|||
|||28.2.25|29.2.24|
|||£|£|
||Donations facilitation subs|1,097|546|
||**Other trading activities**|||
|||28.2.25|29.2.24|
|||£|£|
||Commission|436|406|
||Unrealised losses on investments|-|3,079|
||Interest payable and similar charges|-|15|
|||436|3,500|
||Aggregate amounts|1,533|4,046|
Page 12
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
## **6. CHARITABLE ACTIVITIES COSTS**
|Direct
Costs
£
Management and administration
23,383
Grants to individuals
553
Reunion Party Costs
99,168
Networking for Soldiers
54,526
Art Tuition & Materials
60
177,690
**7.**
**GRANTS PAYABLE**
Grants to individuals
**8.**
**SUPPORT COSTS**
Management and administration
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Other operating leases|Grant
funding of
activities
(see note
7)
£
-
87
-
-
-
87|Support
costs (see
note 8)
Totals
£
£
7,386
30,769
-
640
-
99,168
-
54,526
-
60
7,386
185,163
28.2.25
29.2.24
£
£
87
2,255
Governance
costs
£
7,386
28.2.25
29.2.24
£
£
10,000
10,000|
|---|---|---|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.
Page 13
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
## **11. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **12.**
|||28.2.25||29.2.24|
|---|---|---|---|---|
|Unremunerated staff||1||1|
|No employees received emoluments in excess of £60,000.|||||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**||||
||Unrestricted|Restricted||Total|
||fund|funds||funds|
||£|£||£|
|**INCOME AND ENDOWMENTS FROM**|||||
|Donations and legacies|113,777||-|113,777|
|Investment income|8,836||-|8,836|
|**Total**|122,613||-|122,613|
|**EXPENDITURE ON**|||||
|Raising funds|4,046||-|4,046|
|**Charitable activities**|||||
|Management and administration|25,197||-|25,197|
|Grants to individuals|23,085||-|23,085|
|Reunion Party Costs|92,324||-|92,324|
|Networking for Soldiers|29,135||-|29,135|
|**Total**|173,787||-|173,787|
|**NET INCOME/(EXPENDITURE)**|(51,174)||-|(51,174)|
|**Transfers between funds**|34,196|(34,196)||-|
|**Net movement in funds**|(16,978)|(34,196)||(51,174)|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward|452,481|34,196||486,677|
|**TOTAL FUNDS CARRIED FORWARD**|435,503||-|435,503|
Page 14
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
## **13. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 March 2024|261,658|
|Revaluations|24,702|
|Transfer|(28,000)|
|At 28 February 2025|258,360|
|**NET BOOK VALUE**||
|At 28 February 2025|258,360|
|At 29 February 2024|261,658|
|There were no investment assets outside the UK.||
|Cost or valuation at 28 February 2025 is represented by:||
||Listed|
||investments|
||£|
|Valuation in 2018|(1,854)|
|Valuation in 2020|2,592|
|Valuation in 2021|7,453|
|Valuation in 2022|(3,078)|
|Valuation in 2023|(8,425)|
|Valuation in 2024|(3,079)|
|Valuation in 2025|14,906|
|Cost|249,845|
||258,360|
Fixed asset investments were valued on an open market basis on 28 February 2025 by Church House Investment Management.
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||28.2.25|29.2.24|
|---|---|---|
||£|£|
|Other debtors|11,314|10,349|
|Prepayments and accrued income|15,300|-|
||26,614|10,349|
Page 15
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||28.2.25|29.2.24|
|---|---|---|---|---|---|
|||||£|£|
||Accrued expenses|||11,556|4,500|
|**16.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
|||||movement|At|
||||At 1.3.24|in funds|28.2.25|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||435,503|(56,401)|379,102|
||**TOTAL FUNDS**||435,503|(56,401)|379,102|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||120,295|(176,696)|(56,401)|
||**Restricted funds**|||||
||Grant Fund||10,000|(10,000)|-|
||**TOTAL FUNDS**||130,295|(186,696)|(56,401)|
||**Comparatives for movement in funds**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.3.23|in funds|funds|29.2.24|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|452,481|(51,174)|34,196|435,503|
||**Restricted funds**|||||
||Clothing, Networking & Rehabilitation Fund|34,196|-|(34,196)|-|
||**TOTAL FUNDS**|486,677|(51,174)|-|435,503|
Page 16
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
122,613
122,613|Resources
Movement
expended
in funds
£
£
(173,787)
(51,174)
(173,787)
(51,174)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Clothing, Networking & Rehabilitation Fund
**TOTAL FUNDS**|At 1.3.23
£
452,481
34,196
486,677|Net
movement
in funds
£
(107,575)
-
(107,575)|Transfers
between
funds
£
34,196
(34,196)
-|At
28.2.25
£
379,102
-|
|---|---|---|---|---|
|||||379,102|
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**
Grant Fund
**TOTAL FUNDS**|Incoming
resources
£
242,908
10,000
252,908|Resources
Movement
expended
in funds
£
£
(350,483)
(107,575)
(10,000)
-
(360,483)
(107,575)|
|---|---|---|
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 17
continued...
## **Style For Soldiers**
## **Notes to the Financial Statements - continued For The Year Ended 28 February 2025**
## **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 £1,218 (2024 : £1,373).
During the year donations received from Emma Willis Limited totalled £880 (2024: £1,908)
The company dedicated some of Mrs Corfield's and other employees 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 £9,000 (2024: £8,000). The company also provided the use of office facilities free of charge thought to be worth £10,000 (2024: £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 18
## **Style For Soldiers**
## **Detailed Statement of Financial Activities For The Year Ended 28 February 2025**
||28.2.25|29.2.24|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|58,458|90,740|
|Gift aid|5,875|5,037|
|Grants|20,000|-|
|Donated services and facilities|19,000|18,000|
||103,333|113,777|
|**Other trading activities**|||
|Poppy sales|1,325|-|
|Ticket sales|500|-|
||1,825|-|
|**Investment income**|||
|Investment income|-|4,562|
|Gain on investments|14,906|-|
|Deposit account interest|10,231|4,274|
||25,137|8,836|
|**Total incoming resources**|130,295|122,613|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Donations facilitation subs|1,097|546|
|**Other trading activities**|||
|Commission|436|406|
|Unrealised losses on investments|-|3,079|
|Bank interest|-|15|
||436|3,500|
|**Charitable activities**|||
|Rent costs donated in kind|10,000|10,000|
|Wages costs donated in kind|9,000|8,000|
|Postage and stationery|1,191|801|
|Sundries|2,222|637|
|Subscriptions|435|-|
|Insurance|535|839|
|Gifts for solders and partners|553|-|
|Venue Hire Costs|97,668|92,324|
|Carried forward|121,604|112,601|
This page does not form part of the statutory financial statements
Page 19
## **Style For Soldiers**
## **Detailed Statement of Financial Activities For The Year Ended 28 February 2025**
||28.2.25|29.2.24|
|---|---|---|
||£|£|
|**Charitable activities**|||
|Brought forward|121,604|112,601|
|Hotel & travel for soldiers|45,195|14,474|
|Networking for soldiers|10,831|14,661|
|Art tuition & materials|60|-|
|Sponsorship|-|20,830|
|Grants to individuals|87|2,255|
||177,777|164,821|
|**Support costs**|||
|**Governance costs**|||
|Accountancy|7,386|4,920|
|Total resources expended|186,696|173,787|
|**Net expenditure**|(56,401)|(51,174)|
This page does not form part of the statutory financial statements
Page 20