Company registration number.. 10058858 Charity registration number.. 1168868 FLAIR FOUNDATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 illlllllllll 'AEYSON4Q' 2810312026 COMPANIES HOUSE A05
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Flair Foundation Contents Page Reference and Administrative Details Trustees, Report Independent Examiner's Report statement of Flnancial Actlvities (including Income and Expendlture Account) Balance Sheet Notes to the Financial Statement5 9-13
Flair Foundation Reference and Administrative Detalls For The Year Ended 30 June 2025 Trustees R Shah (appointed 2510712025) P Riggs (resigned 2210712025) Shah (appointed 25107120251 D Shah (reslgned 2210712025) N Shah Charity Number 1168868 Company Number 10058858 Reglstered Offlce Etherow Works Woolley Brldge Road Hadfield Derbyshire SK13 2NS Xndependent Examlner Melllssa Dean LCM Famlly Llmlted 60 Spring Gardens Manchester M2 2BQ Page I
Flair Foundation Company No. 10058858 Trustees, Report For The Year Ended 30 June 2025 The trustees present their report and the financial 5tatement5 for the year ended 30 June 2025. Objectlves and Artivities Policies and objectlves The objectives of the charity as set out in the company's Memorandum and Articles of Assoclatlon are for the public benefit and are specifically restricted to the following.. Such exclusively charitable purposes as the Trustees In thelr absolute dlscretion may determine from time to time. The tharity's aims are to work hand in hand with Flalr Flooring Group Limited to acquire funds {predominantly from group companies) to support and enhance other charltable bodies enabling them to carry out their own specific aims. Flair Flooring Group Limited thrives to inspire and educate their employees on how to assist those in need and provide opportunities for them to do so. Such opportunities are listed below. Tn settlng objectives and planning for activities. the Trustees have glven due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public beneflt runnlng a charlty {P82)'. Strategies for achieving objectives The charity's main activities are detailed below, all of which further our aims and objectives for the publlc's beneflt. Organising speakers from charitable bodle5 to do a presentation of their work in the Flair Flooring company forum, gathering support and awareness from collegues. Carrying out fundraising events at the Flair Flooring offices, of whlch the money is wholly donated to Flair Foundation. Donating generous amounts to the charltable bodles we sponsor to enable them to carry out thelr work and Improve people's quallty of life. Collectlng Items of clothingi toys and food from collegues to contrlbute to food banks. Trustees report The Trustees confirm that the Annual Report and flnanclal statements of the company comply with the current statutory requirements, the requlrernents of the company'5 governing document and the provisions of the Statement of Recommended Practice {SORP), applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. Since the Company qualifies as small under sectlon 382 of Companles Act 2006, the strategic report required of medium and large companles under the Companles Act 2006 (Strategic Report and Directors, Report) Regulatlons 2013 has been omltted. The charity was establlshed on 11 March 2016 and commenced actlvitle5 on 16 May 2016. Achlevements and Perforniance Main Achievements Key performance indicators The Foundation measures its performance using the following key performance indicators.. Donations received in the period £39,604 (2024: £195,783) Donations received from Flalr Floorlng Group £39,604 {2024: £195,633). External donatlon5 received of £Nil (2024: £150). Number of or9anisatlons supported in the period: 41 UK organisations supported: 34 .CONTINUED Page 2
Flair Foundation Trustees. Report (continued) For The Year Ended 30 June 2025 Main Achlevements - eontlnued Barty's £543 Barty's Foodbank £172 Bellies Not Bins £ 1,304 Cash for Kids Manchester £500 Change for Life £647 Christy Charlty £602 Change of Life Support £2,327 Crossroads £2,269 EGG £5,750 Embassy £48,001 End Result £600 Extra Time Glossop £280 Francis House £7SO G52 £1.050 Glossop Bureau £600 Glossop Foodbank £l,OSO Home Start £500 LGBTQ & Homeless Charlty £750 Metal Health £1,002 Mummys Star £750 Northcare Allicance £7SO Oa515 £750 Prevent Breast Cancer £750 Prostate Cancer £700 Reubens Retreat £830 Sandwich Angels £1,050 SouthwayHou5ing £1200 St Andrews Junlor School £255 The Bread & 8utter Thing £750 The Shed £750 The Tussel Trust £600 Trafford Domestic Abuse Servlces £660 Wellspring Stockport £ 1,050 Whitfield Food Group £650 Overseas organisations supported.. 7 Action in Focus E 16,015 Amara Trust £3,154 Communlty Actlon Trust £250 Kashvi Foundatlon É-240 Project Mala £3, 111 Rotary Club of Klllndini £770 St Pauls Orphanage £7,122 Amount of money donated to worthy causes In the perlod £110,374 (2024: £117,875) Donations to UK organisation5 £80,192 {2024: £62,217) Donations to overseas organisations £30,182 (2024.. £55,658) Achievements against objectlves set Detailed below are the various charlties we have practically and financially 5UPPOrted in the period, allowing them to accomplish their own aims and thus allowing us to fulfill our charitable objectives. Northcare Charity ECG Oasis Mummy's Star Action in Focus 8umba Foundatlon Project Mala st Pauls Orphanage Investment policy and performance .CONTINUED Page 3
Flair Foundation Trustees. Report (continued) For The Year Ended 30 June 2025 Main Achlevements - continued The overall objectives a to create sufflclent income and capital growth to enable the charity to carry out it5 purposes consistently year-on-year with due and proper consideration for future needs and the maintenance of, and if possible, enhancement of the value of the invested funds while they are retsined. The objectives are achieved by investing prudently in a broad range of fixed Interest securities and equities which are quoted on a Recognised Investment Exchange the Transact Platform Service and unit which are authorised under the Financial Services and Markets Act 2000. The investment manager Wren Sterllng Financial Planning Limited provides a quarterly review of performance and a review of activity to the Trustees and the pollcy will be regularly reviewed to ensure the overall objectives continue to be achieved. During the year, the above policy has generated a gain on investments of 210/0 (2024: gain of IOO/ol. Flnanclal Revlew Reserves Policy As part of the ongoing activities of the Foundatlon, reserves totaling £936,090 were held at 30 June 2025 (2024.. £975,953). These are held to ensure the availability of continued fundlng for those activitles that are deemed suitsble by the Trustees, namely for the promotion of educatlon and welfare. Golng Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Foundation has adequate resources to continue in operational existence for the forseeable future. For this reason, they continue to adopt the going concern bas15 can be found in the accountlng policies. Strurture, Governance and Management Trustee Selection Methods The management of the company Is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Assoclation. Constltutlon The company Is reglstered as a charitable company limited by guarantee and was set up by the Memorandum and Artlcles of A5SOClation on I l March 2016. The company is constituted under the Memorandum and Articles of Association dated 11 march 2016 and is a registered charity, number 116868. statement of Trustees, Responsibilitie$ The trustees {who are also the directors of Flair Foundatlon for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare Financial statements for each flnancial year. Under company law the trustees must not approve the financial statement unless they are satlsfled that they give a true and fair view of the state of affairs of the charltable company and of the Incomlng resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statement5 the trustees are required to: select 5Ultable accounting policies and then apply them consistentlyi observe the methoL1s and principles in the Charity SORP {FRS 102); make Judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements,. ppare the financial statements on the going concern basis unless it is inappropriate to presume that the company will contlnue In business. The trustees are responsible for keeping adequate accountin9 records which disclose with reasonable accuracy at anytime the flnancial posltlon of the charltable company and to enable them to ensure that the accounts comply with the Companles Act 2006. They are also responsible for safeguardlng the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
Flair Foundation Trustees. Report (continued) For The Year Ended 30 June 2025 The trustees are responsible for the malntenance and Integrlty of the corporate and financial information included on the charltable company's webslte. Legislation in the United Kingdom governin9 the preparation and dlsseminatlon of financial statements may differ from legislation in other Jurisdictions. The trustees, Port was approved by the board of trustees and signed on its behalf by., Shah Trustee Date Trts1202è9 Page 5
Flalr Foundation Independent Examiner's Report to the Trustees of Flair Foundation For The Year Ended 30 June 2025 I report on the financial statements of Fair Foundatlon for the year ended 30 June 2025 which are set out on pages 7 to 13. Responslbllities and Oas15 of Report As the charity trustees of the Company (and also its dirertors 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 eligible for Independent examlnatlon, 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 glven by the Charity Commission under sectlon 14515) (bl of the 2011 Act. Thi5 report, Sncludlng rny statement, has been prepared for and only for the charlty'5 trustees as a body. My work has been undertaken so that I might State to the charity's trustees those matters I am required to state to them In an independent examiner's report anf for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body for my examination work, for this report. or for the statements I have made. Basis of Independent Examlner's Report My examlnatlon was carried out In accordance wlth the general Directions glven by the Charlty Commlsslon. An examlnatlon includes a revlew of the accounting records kept by the charity and a comparison of the flnanclal statements presented wlth those record5. It also include5 consideration of any unusual items or disclosures in the financlal statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial 5tatement5 present a 'true and fair vlew. and the report Is limited to those matters set out In the statement below. Zndependent Examlner's Statement In connection wlth my examinatlon, which Is complete, no matters have come to my attentlon whSch glve me reasonable cause to believe that In any material respect: accounting records were not kept in SpeCt of the Flair Foundation in accordance wlth section 386 of the 2006 Act,. or the financial statements do not accord with those records; or the financial statements do not comply wlth the accounting requlrements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair view, which is not a matter considered a5 part of an Independent examination; or the financial statement5 have not been prepared In accordance wlth the methods and prlnclple5 of the Statement of Recommended Practice for accounting and reportln9 by charitie5 have no concerns and have come across no other matters in connection wlth the examination wlth which the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Mellissa Dean Date2+ts1z02 LCM Family Llmited 60 Spring Gardens Manchester M2 26Q Page 6
Flair Foundation statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025 2025 2024 Unrestrlcted Unrestrlcted funds funds Notes INCOME AND ENDOWMENTS FROM: Oonations and legacles Investment5 39,604 10,261 19S.783 8,386 49,865 204.169 EXPENDITURE ON: Charitable activities.. Charitable donations made {115,586} { 122,470) NET (EXPENDITURE)/INCOME BEFORE INVESTMENT (LOSSES)IGAINS Net galns on Investments {65,721) 25,858 81,699 62,103 hlET (EXPENDITURE)/ZNCOME (39,863) 143,802 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total fund5 brought forward {39,863> 143,802 975,953 832,152 TOTAL FUNDS CARRIED FORWARD . li 936,090 975,954 The notes on pages 9 to 13 fom part of these Ilnanclal statements. Page 7
Flair Foundation Balance Sheet As At 30 June 2025 2025 2024 Unrestricted funds Total funds Notes CURRENT ASSETS Debtors 83,562 833.271 19,429 83,562 682,269 213.663 Investments Cash at bank and in hand 936,262 979,494 Cr¢dltor•: Amounts Falllng Due Wlthln One Year io (172) 13,540) NET CURRENT ASSETS (LIABIUTIES) 936,090 975,954 TOTAL ASSETS LESS CURRENT LIA8ILITIES 936,090 975,954 NET AsseTS 936,090 975,954 FUNDS OF THE CHARITY Unrestricted Funds 936.090 975,954 TOTAL FUNDS li 936,090 975,954 For the year ending 30 June 2025 the charitable company was entitled to exemptlon fmm audit under section 477 of the Companles Act 2006 relating to small companies. The members have not required the charitable company to obtain an èudlt in accordance with section 476 of the Companies Act 2006. The trustees acknowledge thelr responslbllltles for complylng wlth the requlrements of the Act wlth respect to accountlng record5 and the preparatlon of accounts, These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companles regime. On behalf of the board N Shah Trustee The notes on pages 9 to 13 fomi part of these flnancial statements. Page 8
Flair Foundation Notes to the Financial Statements For The Year Ended 30 June 2025 l. General Information Flair Foundation is a company limited by guarantee, domiclled and incorporated in England & Wales, registered number 10058858 and registered charity number 1168868. The registered office is Etherow Works, Woolley Bridge Road, Hadfield. Derbyshlre, SK13 2NS. The members of the companyare the Trustees named on page l. In the event of the charity being wound up, the liablllty in respect of the guarantee is limited to £1 per member of the Trust. 2. Accountlng Pollcies 2.1. Basis ol Prepar•tlon ol Flnanclal Statements The flnancial statements have been prepared in accordance wlth the Charities SORP (FRS 1021 "Accountlng and Reporting by Charitles.. 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 I January 2019)" The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The charitable company meets the definition of a Public Benefit Entity as defined by FRS 102. Assets and liabilities a initially recognised at historical cost or transaction value unle55 Otherwise stated in the relevant accounting policy. 2.2. Golng Concern Disclosure After maklng appropriate enquires, the trustees have a reasonable expectatlon that the charlty has adequate resources to continue In operational existence for the foreseeable future. For thls reason. they continue to adopt the going concern basis in preparing the financlal statements. 2.3. Fund A¢¢ountlng General funds are unrestricted lunds whlch are available for use at the dlscretion of the Trustees In furtherance of ihe general objectives of the Company and whlch have not been deslgnated for other purposes. 2.4. Incomln9 Re$otsrces All Income Is recognised once the Company has entitlement to the Income, it is probable that the income will be received and the amount of income recelvable can be measured reliably. The recognition of Income from legacies is dependent on establishing entitlement, the probability of recelpt and the ability to estlmate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them {through knowledge of the exlstence of a valid will and the death of the benefactor) and the executor is satlsfied tha tthe property In questlon will not be required to satisfy clalms In the estate. Receipt of a legacy must be recogni5ed when It Is probable that it w511 be recelved and the falr value of the amount ceivable, which will generally be the expected cash amount to be dlstrlbuted to the Companyi can be rellably measured. Where the donated good is a fixed asset, It Is measured at falr value, unless it Is impractical to measure this reliably. In which case the cost of the Items to the donar shoudl be used. The galn 15 recognlsed as income from donatlons and a corresponding amount is included In the appropriate fixed asset class and depreciated over the useful economic life in ccordance wlth the Company's accontlng pollcles. On recelpt, donated professional servlces and facilities are recognised on the basis of the value of the gift to the Company which is the amount it woudl have been willing to pay to obtain services or facilities of equlvalent economic benefit an the open market,. a corresponding amount is then recognlsed in expenditure in the perlod of receipt. 2.5. Investments Fixed asset Investments are a form of financlal Instrument and are initially recognlsed at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which Case it is measured at cost less impairment. All gains and losses are taken to the Statement of Financial Activities as they arise. Rea115ed gains and 1055es on Investment5 are calculated as the dlfference between sale5 proceed5 and opening market value (purchase date If later). Unrealised gains and losses are calculated as the difference between the market value at the period end and openign market value (purchase date if later). 2.6. Cash and Cash Equivalents Cash at bank and in hand inclvdes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7. Financial Instruments The Company only has financial asset5 and financial liabilities of a kind that Qualify as basic financlal instruments. Basic financial in5trumentS a initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised c05t using the effective interest method. Page 9
Flair Foundation Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 2.8. Taxation The Company is considered to pass the tests set ou in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. 2.9. Expenditure Expenditure is recognised once there 15 a legal or constructive obligatlon to transfer economic benefit to a third part, it Is probable that a transfer of economic benefits wlll be requlred in settlement and the amount of the obligation can be measured reliably. Expenditure is classlfied by activity. The costs of each activity are made up o fthe total of direct costs and shared costs, includlng support costs involved in undertaking each activity. Direct costs attributable to a single actlvlty are allocated irectly to that activity. Shared costs which contrlbute to more than one activity and support costs which are not attributable to a singlea activity are apportioned between those activities on a ba515 consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charge5 allocated on the portion of the asset's use. Expenditure on charitable activitie5 is incurred on directly undertaking the activltles which further the Company's objectives, as well as any assoclated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognlsed as expenditure when the conditions attaching a fulfilled. Grants offered subjert to condltlons whlch have not been met at the year end are noted as a commltment, but not accrued as expenditure. All expenditure Is inclusive or Irrecoverable VAT. 2.10. Interest receivable Interest on fund5 held on deposit is included when recelvable and the amount can be measured rellably by the Company; this normally upon notiflcatlon of the interest paid or payable by the Institution with whom the funds are deposited. 2.11. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Amounts owed by associated undertaklngs are recognised at the settlement amount. Prepayments are valued at the amount prepald net of any trade discounts due. 3. Income from Donatlons and Legacies 2025 2024 Unrestricted Unrestricted funds funds Donations and gifts 39,604 195,783 4. Investment Income 2025 2024 Unrestrlcted Unrestricted funds funds Interest from investments 10,261 8.386 Page 10
Flair Foundation Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 5. Analysis of Expenditure 2025 Activities undertaken directly Support costs (see note 6) Totsl Charitable donatlon5 made 5,117 110,469 115,586 2024 Activities undertaken dlrectlv Support costs (see note 6) Total Charitable donatlons made 4,595 117,875 122,470 6. Support Costs 2025 Charltable donations made General administration., Charltable donatlons 110,469 2024 Charltable donations made General administratlon.. Charltable donations 117,875 Analysls of sUPPOrt costs The support Costs of £5,711 {2024: £4,595) relate to investment expenditure. 7. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 8. Debtors 2025 2024 Due within one year Amounts owed by participating interests 83,562 83,562 Page 11
Flair Foundatlon Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 9. Current Asset Investments 2025 2024 Llsted investments Short term deposlts 816,378 16.893 648,687 33,582 833,271 682,269 The market value of the listed Investments as at 30 June 2025 was £833,271 (2024.. £682,269). Material investment holdings with a market value of more than 5% of the total market value of investments as at 30 June 2025. which is approxlmately £40,000. Investment Artemis Income Fund Class 1 CT US Discipllned Core Equities NG Guinness Global Equity Income Class Y IFSL Evenlode Global Equity F Legal & General Internatlonal Index Trust Royal London Global Equity Diverslfied Z 10. Creditors: Amounts F•lllng Due Within One Year Holdlng 16,916 3,735 2,560 35,497 26,475 65,008 Market Value 53,552 68,847 72,445 56,746 76,170 89,972 2025 2024 Trade credltors 172 3,540 11. Movement In Funds As at l July 2024 Asat30 expendlture june 2025 Income Unrestrirted funds General: General unrestrScted fund 975,953 49,865 (89,728) 936,090 Total funds 975,953 49,865 (89,728) 936,090 As at l July 2023 Asat30 June 2024 Income ExpendSture Unrestrirted funds General: General unrestricted fund 832,152 204,169 (60,367) 975,954 Total funds 832,152 204,169 (60,367) 975,954 12. Transactions wlth Trustee$ None of the trustee5 received any remuneration or any other beneflts from an employment with the charity or a related entity during the current or previous year. 13. Related Party Disclosures Donations totaling £39,604 12024.. £ 195,633) were received from Flair Flooring Supplies Limited, a cofflpany that has common directors with the charity. At the year end, an amount of £83,562 (2024.. £83,562) was due from Flair Flooring Supplies Limited and Is disclosed wlthin Note 8 Debtors Page 12
Flair Foundation Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 14. Company limlted by guarantee The company 15 limited by guarantee and has no share capitsl. Every member of the company undertakes to contribute to the assets of the company, In the event of a wlndlng up, such an amount as may be required not exceeding £1. Page 13