||||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|18|
|Detailed Statement ofFinancial Activities||19|to|20|
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||||31.10.22|31.10.21|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies|||310,040|222,969|
|Charitable
activities|||||
|Operation offashion event|||347,938|278,220|
|Investment
income|||41|325|
|Total|||658,019|501,514|
|EXPENDITURE ON|||||
|Raising funds|||52,935|52,262|
|Charitable
activities|||||
|Operation offashion event|||706,848|417,228|
|Total|||759,783|469,490|
|NET INCOME/(EXPENDITURE)|||(101,764)|32,024|
|RECONCILIATION|OF FUNDS||||
|Total funds brought
forward|||194,677|162,653|
|TOTAL FUNDS CARRIED FORWARD|||92,913|194,677|
##
||Balance Sheet
31October 2022|||
|---|---|---|---|
|||31.10.22|31.10.21|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Intangible
assets|14|23,760|31,680|
|Tangible assets|15|1,539||
|||25,299|31,680|
|CURRKNT ASSETS||||
|Debtors|16|50,711|78,628|
|Cash at bank||39,479|189,596|
|||90,190|268,224|
|CREDITORS||||
|Amounts
falling due within one year|17|(22,576)|(105,227)|
|NKT CURRENT ASSETS||67,614|162,997|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||92,913|194,677|
|NET ASSETS||92,913|194,677|
|FUNDS||||
|Unrestricted
funds||92,913|194,677|
|TOTAL FUNDS||92,9]3|194,677|
||||Cash Flow Statement|||
|---|---|---|---|---|---|
||||for the Year Ended 31October|2022||
|||||31.10.22|31.10.21|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated
from operations||||(148,214)|(95,729)|
|Net cash used in operating||activities||(148,214)|(95,729)|
|Cash flows from investing||activities||||
|Purchase ofintangible
fixed assets|||||(39,600)|
|Purchase oftangible fixed|assets|||(1,944)||
|Interest received||||41|325|
|Net cash used in investing|activities|||(1,903)|(39,275)|
|Change in cash and cash|equivalents||in|||
|the reporting
period||||(150,117)|(135,004)|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||189,596|324,600|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||39,479|189,596|
##
##
|OPERATING ACT|IVI|TIES||||
|---|---|---|---|---|---|
|||||31.10.22|31.10.21|
|Net (expenditure)/income||for the reporting|period (as per the|||
|Statement ofFinancial||Activities)||(101,764)|32,024|
|Adjustments
for:||||||
|Depreciation
charges||||8,325|7,920|
|Interest received||||(41)|(325)|
|Decrease/(increase)|in debtors|||27,917|(66,365)|
|Decrease in creditors||||(82,651)|(68,983)|
|Net cash used in operations||||(148,214)|(95,729)|
##
##
|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 1.11.21|Cash flow|At 31.10.22|
|Net cash||||
|Cash at bank|189,596|(150,117)|39,479|
||189,596|(150,117)|39,479|
|Total|189,596|(150,117)|39,479|
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|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||
|---|---|---|---|---|---|---|
||||||31.10.22|31.10.21|
|Donations|Scgift aid||||104,281||
|Sponsorship|&membership||fees||205,759|222,969|
||||||310,040|222,969|
|INVESTMENT INCOME|||||||
||||||31.10.22|31.10.21|
|Interest received|||||41|325|
|INCOME|FROM|CHARITABLE ACTIVITIES|||||
||||||31.10.22|31.10.21|
|||||Activity|||
|Stand space||||Operation offashion event|85,500|128,020|
|Catwalk fees||||Operation offashion event|222,950|150,200|
|Exhibition|admissions|||Operation offashion event|18,388||
|Digital portfolio extra income||||Operation offashion event|21,100||
||||||347,938|278,220|
|RAISING|FUNDS||||||
|Raising donations||and legacies|||||
||||||31.10.22|31.10.21|
|Fundraising|costs||||52,935|52,262|
||for the Year Ende|for the Year Ende|for the Year Ende|d 31Octobe|r 2022|||
|---|---|---|---|---|---|---|---|
|6.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 7)|note 8)|Totals|
||Operation offashion event||||558,739|148,109|706,848|
|7.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||||
|||||||31.10.22|31.10.21|
||Premises hire|||||53,275|17,647|
||Security costs|||||19,505|6,114|
||Insurance|||||5,269|1,902|
||Light and heat|||||22,749|1,800|
||Theatre costs|||||194,419|93,867|
||Licences &subscriptions|||||144|415|
||Repairs &maintenance|||||305||
||Event office expenses|||||43,105|19,863|
||Exhibition badges &,passes|||||612|1,738|
||Cleaning|||||4,609||
||Advertising
&promotion|||||118,687|94,295|
||Feature areas &catering|||||6,312|4,647|
||Award prizes|||||5,288|8,834|
||Activities|||||75,417|399|
||Staffing at events|||||9,043|11,264|
|||||||558,739|262,785|
|8.|SUPPORT COSTS|||||||
|||||||Governance||
||||Management|Finance|Other|costs|Totals|
||Operation offashion event||134,904|74|8,325|4,806|148,109|
||Support costs, included|in the above, are as follows:||||||
||Management|||||||
|||||||31.10.22|31.10.21|
|||||||Operation||
|||||||of||
|||||||fashion|Total|
|||||||event|activities|
||Office expenses|||||87,541|98,745|
||Cost ofnustccs uicctiugs|||||2,397|2,525|
||Travel &subsistence|||||17,187|6,461|
||Postage and stationery|||||1,190|2,196|
||Bookeeping|||||26,000|27,000|
||Bank charges|||||589|301|
|||||||134,904|137,228|
##
##
##
|Finance|||||||
|---|---|---|---|---|---|---|
||||||31.10.22|31.10.21|
||||||Operation||
||||||of||
||||||fashion|Total|
||||||event|activities|
|Sundries|||||74|460|
|Other|||||||
||||||31.10.22|31.10.21|
||||||Operation||
||||||of||
||||||fashion|Total|
||||||event|activities|
|Amortisation||ofintangible|fixed assets||7,920|7,920|
|Depreciation||oftangible fixed assets|||405||
||||||8,325|7,920|
|Governance||costs|||||
||||||31.10.22|31.10.21|
||||||Operation||
||||||of||
||||||fashion|Total|
||||||event|activities|
|Auditors'|remuneration||||3,200|3,000|
|Legal fees|||||1,606|5,835|
||||||4,806|8,835|
|AUDITORS'||REMUNERATION|||||
||||||31.10.22|31.10.21|
|Fees payable||to the charity's|auditors for the audit ofthe charity's|financial|||
|statements|||||3,200|3,000|
##
##
##
|COMPARATIVES|F|ORTHE STATEMENT OF FINANCIAL ACT|IVITIES|
|---|---|---|---|
||||Unrestricted|
||||fund|
|INCOME AND ENDOWMENTS FROM||||
|Donations
and legacies|||222,969|
|Charitable
activities||||
|Operation offashion|event||278,220|
|Investment
income|||325|
|Total|||501,514|
|EXPENDITURE ON||||
|Raising funds|||52,262|
|Charitable
activities||||
|Operation offashion|event||417,228|
|Total|||469,490|
|NET INCOME|||32,024|
|RECONCILIATION||OF FUNDS||
|Total funds brought|forward||162,653|
|TOTAL FUNDS CARRIED FORWARD|||194,677|
##
##
##
|14.|INTANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||||Computer|
|||||sofhvare|
||COST||||
||At 1November
2021 and 31October 2022|||39,600|
||AMORTISATION||||
||At 1 November
2021|||7,920|
||Charge for year|||7,920|
||At 31October 2022|||15,840|
||NET BOOKVALUE||||
||At 31 October 2022|||23,760|
||At 31 October 2021|||31,680|
|15.|TANGIBLE FIXEDASSETS||||
|||Plant and|Computer||
|||machinery|equipment|Totals|
||COST||||
||Additions|1,617|327|1,944|
||DEPRECIATION||||
||Charge for year|323||405|
||NET BOOKVALUE||||
||At 31October 2022|1,294|245|1,539|
||At 31October 2021||||
|16.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.10.22|31.10.21|
||Trade debtors||37,950|64,986|
||VAT|||13,542|
||Prep ayments||12,761|100|
||||50,711|78,628|
##
##
|||||||31.10.22|31.10.21|
|---|---|---|---|---|---|---|---|
|Trade creditors||||||4,360||
|Taxation and|social security|||||3,345||
|Other creditors||||||14,871|105,227|
|||||||22,576|105,227|
|MOVEMENT IN FUNDS||||||||
|||||||Net||
|||||||movement|At|
|||||||in funds|31.10.22|
|Unrestricted|funds|||||||
|General fund|||||194,677|(101,764)|92,913|
|TOTAL FUNDS|||||194,677|(101,764)|92,913|
|Net movement|in funds, included|||in the above|are as follows:|||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
|Unrestricted|funds|||||||
|General fund|||||658,019|(759,783)|(101,764)|
|TOTALFUNDS|||||658,019|(759,783)|(101,764)|
|Comparatives|for movement||in|funds||||
|||||||Net||
||||||At|movement|At|
||||||1.11.20|in funds|31.10.21|
|Unrestricted|funds|||||||
|General fund|||||162,653|32,024|194,677|
|TOTAL FUNDS|||||162,653|32,024|194,677|
|Comparative|net movement|in|funds, included||in the above are as follows:|||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
|Unrestricted|funds|||||||
|General fund|||||501,514|(469,490)|32,024|
|TOTAL FUNDS|||||501,514|(469,490)|32,024|
##
##
##
||||Net||
|---|---|---|---|---|
|||At|movement|At|
|||1.11.20|in funds|31.10.22|
|Unrestricted|funds||||
|General fund||162,653|(69,740)|92,913|
|TOTALFUNDS||162,653|(69,740)|92,913|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||Unrestricted|funds||||
||General fund||1,159,533|(1,229,273 )|(69,740)|
||TOTALFUNDS||1,159,533|(1,229,273)|(69,740)|
|19.|RELATED|PARTY DISCLOSURES||||
|||Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|
|||for the Year Ended 31October 2022|||
||||31.10.22|31.10.21|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations &gift aid|||104,281||
|Sponsorship
&membership|fees||205,759|222,969|
||||310,040|222,969|
|Investment
income|||||
|Interest received|||41|325|
|Charitable
activities|||||
|Stand space|||85,500|128,020|
|Catwalk fees|||222,950|150,200|
|Exhibition
admissions|||18,388||
|Digital portfolio extra income|||21,100||
||||347,938|278,220|
|Total incoming resources|||658,019|501,514|
|EXPENDITURE|||||
|Raising donations
and legacies|||||
|Fundraising
costs|||52,935|52,262|
|Charitable
activities|||||
|Premises hire|||53,275|17,647|
|Security costs|||19,505|6,114|
|Insurance|||5,269|1,902|
|Light and heat|||22,749|1,800|
|Theatre costs|||194,419|93,867|
|Licences &subscriptions|||144|415|
|Repairs &maintenance|||305||
|Event office expenses|||43,105|19,863|
|Exhibition badges &passes|||612|1,738|
|Cleaning|||4,609||
|Advertising
&promotion|||118,687|94,295|
|Feature areas &catering|||6,312|4,647|
|Award prizes|||5,288|8,834|
|Activities|||75,417|399|
|Staffing at events|||9,043|11,264|
||||558,739|262,785|
|Support costs|||||
|Management|||||
|Office expenses|||87,541|98,745|
|Cost oftrustees meetings|||2,397|2,525|
|Carried forward|||89,938|101,270|
|Graduate
Fashion Foundation||||
|---|---|---|---|
||Detailed Statement ofFinancial Activities|||
||for the Year Ended 31October 2022|||
|||31.10.22|31.10.21|
|Management||||
|Brought forward||89,938|101,270|
|Travel &,subsistence||17,187|6,461|
|Postage and stationery||1,190|2,196|
|Bookeeping||26,000|27,000|
|Bank charges||589|301|
|||134,904|137,228|
|Finance||||
|Sundries||74|460|
|Other||||
|Computer
software||7,920|7,920|
|Plant and machinery||323||
|Computer
equipment||82||
|||8,325|7,920|
|Governance
costs||||
|Auditors'
remuneration||3,200|3,000|
|Legal fees||1,606|5,835|
|||4,806|8,835|
|Total resources expended||759,783|469,490|
|Net (expenditure)/income||(101,764)|32,024|