2023-10-31-accounts - Graduate Fashion Foundation

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements		10	to	17
Detailed Statement ofFinancial Activities		18	to	19

			Cash Flow Statement
		for	the Year Ended 31October	2023
				31.10.23	31,10.22
			Notes
Cash flows from operating	activities
Cash generated from operations				497,800	(148,214)
Net cash provided by/(used	in) operating	activities		497,800	(148,214)
Cash flows from investing	activities
Purchase oftangible foxed assets					(1,944)
Interest received				1,162	41
Net cash provided by/(used	in) investing	activities		1,162	(1,903)
Change in cash and. cash equivalents		in
the reporting period				498,962	(150,117)
Cash and cash equivalents	at the
be~mnning ofthe reporting	period			39,479	189,596
Cash and cash equivalents	at the end	of
the reporting period				538,441	39,479

						31.10.23	31.10.22
	Donations &gift aid					297,215	104,281
	Sponsorship &membership		fees			276,437	205,759
						573,652	310,040
3.	INVESTMKNT INCOME
						31.10.23	31.10.22
	Interest received					1,162	41
4.	INCOME FROM	CHARITABLE ACTIVITIES
						31.10.23	31.10.22
				Activity		E
	Stand space			Operation offashion event		141,292	85,500
	Catwalk fees			Operation offashion event		199,500	222,950
	Exhibition admissions			Operation offashion event		29,678	18,388
	Digital portfolio extra income			Operation offashion event		9,600	21,100
						380,070	347,938
	Raising donations	and legacies
						31.10.23	31.10.22
	Fundraising costs					49,907	52,935
6.	CHARITABLE ACTIVITIES			COSTS
					Direct	Support
					Costs (see	costs (see
					note 7)	note 8)	Totals
	Operation offashion event				457,580	153,329	610,909

					31.10.23	31.10.22
	Premises hire				80,470	53,275
	Security costs				16,313	19,505
	Insurance				5,938	5,269
	Light and heat				12,652	22,749
	Theatre costs				198,137	194,419
	Licences k subscriptions Repairs 4 maintenance				156	144 305
	Event oflice expenses				41,313	43,105
	Exhibition badges	6~ passes				612
	Cleaning				4,476	4,609
	Advertising k,promotion				74,035	118,687
	Feature areas k catering				5,585	6,312
	Award prizes				877	5,288
	Activities				1,450	75,417
	Staffing at events				16,178	.9,043
					457,580	558,739
S.	SUPPORT COSTS
						InfoiTnation
				Management	Finance	technology
	Operation offashion event			138,672	488	87?
					Governance
				Other	costs	Totals
	Operation offashion event			8,325	4,967	153,329
	Support costs, included		in the above, are as follows:
	Management
					31.10.23	31.10.22
					Operation
					of
					fashion	Total
					event	activities
	Office expenses				87,197	87,541
	Cost oftrustees meetings				3,152	2,397
	Travel Ecsubsistence				20,780	17,187
	Postage and stationery				1,628	1,190
	Bookeeping				2S,S00	26,000
	Bank charges				415	589
					138,672	134,904

COMPARATIVKS	FORTHE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestticted
		fund
INCOME AND ENDOWMENTS FROM
Donations and legacies		310,040
Charitable activities
Operation offashion	event	347,938
Investment income
Total		658,019
EXPENDITURE ON
Raising funds		52,935
Charitable activities
Operation offashion	event	706,848
Total		759,783
NKT INCOME/(EXPENDITURE)		(101,764)
RECONCILIATION OFFUNDS
Total funds brought	forward	194,677
TOTAL FUWDS CARRIED FORWARD		92,913

l3.	INTANGIBLE FIXEDASSETS
				Computer
				sof le are
	COST
	At 1November 2022 and 31 October 2023			39,600
	AMOR TISATION
	At 1November 2022			15,840
	Charge for year			7,920
	At 31 October 2023			23,760
	NET BOOK VALUE
	At 31 October 2023			15,840
	At 31 October 2022			23,760
I4.	TANGIBLE FIXED ASSETS
		Plant and	Computer
		machinery	equipment	Totals
	COST
	At 1 November 2022 and 31 October 2023	1,617	327	1,944
	DEPRECIATION
	At 1 November 2022	323	82	405
	Charge for year	324	82	406
	At 31October 2023	647	164	811
	NET BOOK VAI.UK
	At 31October 2023	970	163	1,133
	At 31October 2022	1,294	245	1,539
15.	DEBTORS:AMOUNTS FALLING DUK WITHIN ONK YEAR
			31.10.23	31.10.22
	Trade debtors		11,100	37,950
	VAT		1,007
	Prepayments		20,873	12,761
			32,980	50,711

	for the Year Ended 3	1October 2023
		31.10.23	31.10.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations &gift aid		297,2 I5	l04,281
Sponsorship &membership	fees	276,437	205,759
		573,652	310,040
Investment income
Interest received		1,162	41
Charitable activities
Stand space		141,292	85,500
Catwalk fees		199,500	222,950
Exhibition admissions		29,678	18,388
Digital portfolio extra income		9,600	21,100
		380,070	347,938
Total incoming resources		954,884	658,019
EXPENDITURE
Raising donations and legacies
Fundraising costs		49,907	52,935
Charitable activities
Premises hire		80,470	53,275
Security costs		l6,313	l9,505
Insurance		5,938	5,269
Light and heat		l2,652	22,749
Theatre costs		198,137	194,419
Licences & subscriptions		156	l44
Repairs &maintenance			305
Event ofhce expenses		41,313	43,105
Exhibition badges &,passes			612
Cleaning		4,476	4,609
Advertising &promotion		74,035	118,687
Feature areas & catering		5,585	6,312
Award prizes		877	5,288
Activities		1,450	75,417
Staffing at events		16,178	9,043
		457,580	558,739
Support costs
Management
Oftice expenses		87,197	87,541
Cost oftrustees meetings		3, l52	2,397
Carried forward		90,349	89,938