2020-10-31-accounts - Graduate Fashion Foundation

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			Page
Report ofthe Trustees		1	to	5
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement		10
Notes to the Financial Statements		11	to	17
Detailed Statement ofFinancial Activities		18	to	19

	Balance Sheet 31October 2020
		31.10.20	31.7.19
		Unrestricted	Total
		fund	funds
	Notes
CURRENT ASSETS
Debtors	14	12,263	39,128
Cash at bank and in hand		324 600	llf!305
		336,863	157,433
CREDITORS
Amounts falling due within one year	15	(174,210)	(44,916)
NET CURRENT ASSETS		162653	112517
TOTAL ASSETSLESSCURRENT
LIABILITIES		162,653	112,517
NET ASSETS		162,653	112517
FUNDS	16
Unrestricted funds		162653	112,517
TOTAL FUNDS		162,653	112,517

		for th	e	Period 1August 201	9to31October 2020
					Period
					1.8.19
					to	Year Ended
					31.10.20	31.7.19
				Notes
Cash flows from operating activities Cash generated from operations				1	206,124	~8561)
Net cash provided by/(used	in)	operating		activities	206,124	~8561)
Cash flows from investing	activities
Interest received					171	174
Net cash provided by investing		activities			171	174
Change in cash and cash equivalents			in
the reporting period					206,295	(8,387)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				118,305	126,692
Cash and cash equivalents	at	the end	of
the reporting period					324,600	118,305

				Period
				1.8.19
				to	Year Ended
				31.10.20	31.7.19
Net income	for the	reporting	period (asper the Statement ofFInancial
Activities)				50,136	5,497
Adjustments	for:
Interest received				(171)	(174)
Decrease in	debtors			26,865	84,463
Increase/(decrease)		in creditors		129294	~98,347
Net cash provided		by/(used in) operations		206 124	~8561
ANALYSIS	OF CHANGES		IN NET FUNDS
			At 1.8.19	Cash flow	At 31.10.20
Net cash
Cash at bank	and in	hand	118305	206 295	324 600
			118305	206 295	324 600
Total			118,305	206 295	324,600

	for the Period 1August 2019to 3	for the Period 1August 2019to 3	1October 2020
6.	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 7)	note 8)	Totals
	Operation of	fashion event	124,853	174,566	299,419
7.	DIRECT COSTSOFCHARITABLE ACTIVITIES
				Period
				1.8.19
				to	Year Ended
				31.10.20	31.7.19
	Premises hire			7,970	97,293
	Security costs				32,908
	Insurance			6,292	6,061
	Light and heat			1,163	13,473
	Bags oftalent expenses				182
	Theatre costs			15,813	144,294
	Event office expenses			5,481	20,422
	Exhibition badges &passes			3,694	6,821
	Cleaning			283	10,368
	Adverlising &promotion			47,757	99,937
	Feature areas	&catering		2,320	6,825
	Award prizes			7,139	15,324
	Activities			1,916	26,177
	Staffing at events			5,137	20,353
	Promotional	events		19888	14346
				124,853	514,784
8.	SUPPORT COSTS
				Governance
			Management	costs	Totals
	Operation of	fashion event	166,159	8,407	174566
	Support costs, included in the above, are as follows:
	Management
				Period
				1.8.19
				to	Year Ended
				31.10.20	31.7.19
				Operation
				of
				fashion	Total
				event	activities
	Office expenses			125,633	309,361
	Cost oftrustees meetings			2,033	2,927
	Travel &subsistence			5,472	4,440
	Carried forward			133,138	316,728

SUPPORT	COSTS - continued
Management	-continued
			Period
			1.8.19
			to	Year Ended
			31.10.20	31.7.19
			Operation
			of
			fashion	Total
			event	activities
				f,
Brought forward			133,138	316,728
Postage and stationery			2,692	3,039
Bookkeeping			30,000	25,000
Bank charges			329	1,080
Irrecoverable	VAT			9,753
			166 169	355,600
Governance	costs
			Period
			1.8.19
			to	Year Ended
			31.10.20	31.7.19
			Operation
			of
			fashion	Total
			event	activities
Accountancy	fees		3,820	5,000
Legal fees			~4587	~11309
			8407	~16309
AUDITORS'	REMUNERATION
			Period
			1.8.19
			to	Year Ended
			31.10.20	31.7.19
Fees payable	to the charity's auditors for the audit ofthe charity's	financial
statements				5000

14.	DEBTORS:	A	MOUNTS FALLING DUE WITHIN ONE Y	EAR
					31.10.20	31.7.19
	Trade debtors				4,550
	VAT				7,400	38,153
	P repayments				313	975
					1~2263	39 128
15.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONE	YEAR
					31.10.20	31.7.19
	Trade creditors				8,401	36,219
	Other creditors				165809	8 697
					174210	44 916
16.	MOVEMENT		IN FUNDS
					Net
					movement	At
				At 1.8.19	in funds	31.10.20
	Unrestricted	funds
	General fund			112,517	50,136	162,653
	TOTAL FUNDS			112517	50 136	162653
	Net movement	in funds, included in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
	Unrestricted	funds
	General fund			411,346	(361,210)	50,136
	TOTAL FUNDS			411346	~361210	50 136