||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|5|
|Independent<br>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|





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|||for the Period|1August 2019to31Oct|ober 2020||
|---|---|---|---|---|---|
|||||Period||
|||||1.8.19||
|||||to|Year Ended|
|||||31.10.20|31.7.19|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies|||222,580|743,845|
|Charitable|activities|||||
|Operation|offashion event|||188,595|259,386|
|Investment|income|||171|174|
|Total||||411,346|1,003,405|
|EXPENDITURE ON||||||
|Raising funds||||61,791|111,215|
|Charitable|activities|||||
|Operation|offashion event|||299,419|845,384|
|Other|||||41,309|
|Total||||361,210|997,908|
|NET INCOME||||50,136|5,497|
|RECONCILIATION||OF~S||||
|Total funds brought forward||||112,517|107,020|
|TOTAL FUNDS CARRIED FORWARD||||162653|112517|





||Balance Sheet<br>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<br>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<br>funds||162653|112,517|
|TOTAL FUNDS||162,653|112,517|





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|||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<br>activities<br>Cash generated<br>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|





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|||||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|





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||||||Period||
|---|---|---|---|---|---|---|
||||||1.8.19||
||||||to|Year Ended|
||||||31.10.20|31.7.19|
||Donations &gift aid|||||94,281|
||Sponsorship|&membership||fees|222 580|649 564|
||||||222 580|743 1145|
|3.|INVESTMENT INCOME||||||
||||||Period||
||||||1.8.19||
||||||to|Year Ended|
||||||31.10.20|31.7.19|
||Interest received||||171|174|
|4.|INCOME FROM||CHARITABLE ACTIVITIES||||
||||||Period||
||||||1.8.19||
||||||to|Year Ended|
||||||31.10.20|31.7.19|
|||||Activity|||
||Stand space|||Operation offashion event|73,970|74,786|
||Catwalk fees|||Operation offashion event|114,625|143,995|
||Exhibition admissions|||Operation offashion event||32,363|
||Gala ticket|sales||Operation offashion event||8242|
||||||lf!8595|259 386|
|5.|RAISING FUNDS||||||
||Raising donations||and legacies||||
||||||Period||
||||||1.8.19||
||||||to|Year Ended|
||||||31.10.20|31.7.19|
||||||f,||
||Fundraising|costs|||61791|111215|





||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<br>&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|





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|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|





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||||Unrestricted|
|---|---|---|---|
||||fund|
|INCOME|AND ENDOWMENTS FROM|||
|Donations|and legacies||743,845|
|Charitable|activities|||
|Operation|offashion event||259,386|
|Investment|income||174|
|Total|||1,003,405|
|EXPENDITURE ON||||
|Raising funds|||111,215|
|Charitable|activities|||
|Operation|offashion event||845,384|
|Other|||41,309|
|Total|||997,908|
|NET INCOME|||5,497|
|RECONCILIATION||OFFUNDS||
|Total funds brought forward|||107,020|
|TOTAL FUNDS CARRIED FORWARD|||112517|





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|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|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.8.18|in funds|31.7.19|
|Unrestricted|funds||||
|General fund||107,020|5,497|112,517|
|TOTAL FUNDS||107,020|5,497|112,517|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||1,003,405|(997,908)|5,497|
|TOTAL FUNDS||1,003,405|~997908|5497|



## 



|||for the Period 1August 201|9to31October 2020||
|---|---|---|---|---|
||||Period||
||||1.8.19||
||||to|Year Ended|
||||31.10.20|31.7.19|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies|||||
|Donations &gift aid||||94/81|
|Sponsorship &membership||fees|222 580|649,564|
||||222,580|743,845|
|Investment<br>income|||||
|Interest received|||171|174|
|Charitable<br>activities|||||
|Stand space|||73,970|74,786|
|Catwalk fees|||114,625|143,995|
|Exhibition admissions||||32,363|
|Gala ticket sales||||8,242|
||||188595|259,386|
|Total incoming resources|||411,346|1,003,405|
|EXPENDITURE|||||
|Raising donations|and legacies||||
|Fundraising<br>costs|||61,791|111/15|
|Charitable<br>activities|||||
|Premises hire|||7,970|97/93|
|Security costs||||32,908|
|Insurance|||6/92|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|
|Advertising<br>&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<br>events|||19888|14346|
||||124,853|514,784|
|Support costs|||||
|Management|||||
|Office expenses|||125,633|309,361|
|Carried forward|||125,633|309,361|





|||for the Period 1August 2019to|31October 2020||
|---|---|---|---|---|
||||Period||
||||1.8.19||
||||to|Year Ended|
||||31.10.20|31.7.19|
|Management|||||
|Brought forward|||125,633|309,361|
|Cost oftrustees meetings|||2,033|2,927|
|Travel &subsistence|||5,472|4,440|
|Postage and stationery|||2,692|3,039|
|Bookkeeping|||30,000|25,000|
|Bank charges|||329|1,080|
|Irrecoverable|VAT|||9,753|
||||166,159|355,600|
|Governance|costs||||
|Accountants|fees/Auditors'|remuneration|3,820|5,000|
|Legal fees|||4,587|11,309|
||||8,407|16,309|
|Total resources|expended||361,210|997,908|
|Net income|||60,136|6,497|