||||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|
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|||||31.10.23|31.10.22|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes||f.|
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies|||573,652|310,040|
|Charitable|activities|||||
|Operation|offashion event|||380,070|347,938|
|Investment|income|||1,162|41|
|Total||||954,884|658,019|
|EXPENDITURE ON||||||
|Raising funds||||49,907|52,935|
|Charitable|activities|||||
|Operation|offashion event|||610,909|706,848|
|Total||||660,816|759,783|
|NET INCOME/(EXPENDITURE)||||294,068|(10l,7641|
|RECONCILIATION||OFFUNDS||||
|Total funds|brought forward|||92,913|194,677|
|TOTAL FUNDS CARRIKB FORWARD||||386,981|92,913|
||||31.10.22|
|---|---|---|---|
||||Total|
||||funds|
|AXE9ASSETS||||
|Intangible|assets||23,760|
|Tangible|assets||1,539|
||||50,711|
||||39,479|
|CRKMTGRS||||
|Axnounts|falhng due within one year|(201,413)|(22,576)|
|NETC~~MSKTS||370,008||
||||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|
##
|OPERATING AC|TIVI|TI|ES||||
|---|---|---|---|---|---|---|
||||||31.10.23|31.10.22|
|Net income/(expenditure)|||for the reporting|period (as per the|||
|Statement ofFinancial||Activities)|||294,068|(101,764)|
|Adjustments
for:|||||||
|Depreciation
charges|||||8,326|8,325|
|Interest received|||||(1,162)|(41)|
|Decrease in debtors|||||17,731|27,917|
|Increase/(decrease)|in creditors||||178,837|(82,651)|
|Net cash provided|by/(used||in) operations||497,800|(148,214)|
##
||At 1.11.22|Cash flow|At 31.10.23|
|---|---|---|---|
|Net cash||||
|Cash at bank|39,479|498,962|538,441|
||39,479|498,962|538,441|
|Total|39,479|498,962|538,441|
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|||||||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|
##
|Finance||||||
|---|---|---|---|---|---|
|||||31.10.23|31.10.22|
|||||Operation||
|||||ot||
|||||fashion|Total|
|||||event|activities|
|Sundries||||488|74|
|Information||technolo~'||||
|||||31.10.23|31.10.22|
|||||Operation||
|||||ot||
|||||fashion|Total|
|||||event|actlvi ties|
|Exchange|Rate Losses|||877||
|Other||||||
|||||31.10.23|31.10.22|
|||||Operation||
|||||of||
|||||fashion|Total|
|||||event|activities|
|Amortisation||ofintangible|fixed assets|7,920|7,920|
|Depreciation||oftangible fixed assets||405|405|
|||||8,325|8,325|
|Governance||costs||||
|||||31.10.23|31.10.22|
|||||Operation||
|||||of||
|||||fashion|To'tal|
|||||event|activities|
|Auditors'|remuneration|||3,500|3,200|
|Legal fees||||1,467|1,606|
|||||4,967|4,806|
##
##
##
|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|
##
##
||||||||31.10.23|31.10.22|
|---|---|---|---|---|---|---|---|---|
||Trade creditors||||||3,348|4,360|
||Taxation and|social security||||||3,345|
||Other creditors||||||198,065|14,871|
||||||||201,413|22,576|
|17.|MOVEMENT IN FUNDS||||||||
||||||||Net||
|||||||Ar.|movement|At|
|||||||1.11.22|in funds|31.10.23|
||Unrestricted|funds|||||||
||General
fund|||||92,913|294,068|386,981|
||TOTAL FUNDS|||||92,913|294,068|386,981|
||Net movement|in funds, included|||in the above|are as follows:|||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
||Unrestricted|funds|||||||
||General fund|||||954,884|(660,816)|294,068|
||TOTAL FUNDS|||||954,884|(660,816)|294,068|
||Comparatives|for movement||in|funds||||
||||||||Net||
|||||||At.|movement|At|
|||||||1.11.21|in funds|31.10.22|
||Unrestricted|funds|||||||
||General fund|||||194,677|(101,764)|92,913|
||TOTAL FUNDS|||||194,677|(101,764)|92,913|
||Comparative|net movement|in|funds, included||in the above are as follov's:|||
|||||||incoming|Resources|Movement|
|||||||resources|expended|in funds|
||Unrestricted|funds|||||||
||General fund|||||658,019|(759,783)|(101,764)|
||TOTAI. FUNDS|||||658,019|(759,783)|(101,764)|
|||||||Page16||continued. ..|
##
||||Net||
|---|---|---|---|---|
|||At.|movement|At|
|||1.11.21|in funds|31.10.23|
|Unrestricted|funds||||
|General fund||194,677|192,304|386,981|
|TOTAI. FUNDS||194,677|I92,304|386,981|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||Unrestrictedfunds||||
||General fund|1,612,903|(1,420,599)|192,304|
||TOTAL FUNDS|1,612,903|(1,420,599)|192,304|
|18.|RELATED PARTY DISCLOSURES||||
||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|
|for the Year End|ed 31October 2023||
|---|---|---|
||31.10.23|31.10.22|
|Management|||
|Brought fonvard|90,349|89,938|
|Travel k.subsistence|20,780|17,187|
|Postage and stationety|1,628|1,190|
|Bookeeping|25,500|26,000|
|Bank charges|415|589|
||138,672|134,904|
|Finance|||
|Sundries||74|
|Information
technology|||
|Exchange Rate Losses|877||
|Other|||
|Computer
solbvare|7,920|7,920|
|Plant and machinery|323|323|
|Computer
equipment|82|82|
||8,325|8,325|
|Governance
costs|||
|Auditors'
remuneration|3,500|3,200|
|Legal fees|1,467|1,606|
||4,967|4,806|
|Total resources expended|660,816|759,783|
|Net income/(expenditure)|294,068|(101,764)|