**Charity registration number 1184463**
**Company registration number CE018229 (England and Wales)**
## **THE TOP MODEL FOUNDATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025**
## **THE TOP MODEL FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr G A Cox|
|---|---|
||Miss E M Elliott|
||Ms N M Headworth|
|**Charity number**|1184463|
|**Company number**|CE018229|
|**Independent examiner**|Claire Dean FCCA|
||MMP Limited|
||Chartered Certified Accountants|
||18/20 Canterbury Road|
||Whitstable|
||Kent|
||England|
||CT5 4EY|
## **THE TOP MODEL FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 10|
## **THE TOP MODEL FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
The trustees present their annual report and financial statements for the year ended 30 September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The object of the charity is the relief of children and young people in need and their families for the public benefit, by reason of ill-health, disability, financial hardship or other disadvantagee.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
2024-2025 proved to be another challenging year for the charity, with overall fundraising revenue decreasing in line with applications and revenue for the annual licenced Top Model event.
The board intends to implement new strategies for 2025-26, including grant applications and increased social media activities. In order to enhance these programmes, the board are also considering the charity's first CEO appointment.
Part of this strategy also includes the repositioning of the charity's purposes, moving away from the sector saturated 'sick children and children in need' to the more specific 'mental health and suicide prevention in young people'.
The charity has adequate financial reserves to weather the short term storm, but will continue to monitor the situation closely during the first quarter of 2026.
## **Financial review**
## **Statement of the Charity's Policy on Reserves**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **State of the Charity’s Finances**
At 30 September 2025 the charity had cash reserves of £6,449, and outstanding liabilities of £600.
A total income of £15,723was achieved during the year with £9,018 raised from events and ticket sales and £6,705 received through direct donations, collections and bank interest.
£21,207 was spent on running the fundraising events with a further £4,248 spent on miscellaneous fees, operational, administration and running costs over the period.
## **Restricted Funds**
There are currently no restricted funds.
## **Designated Funds**
There are currently no restricted funds.
## **Particulars of Any Outstanding Guarantee Given by the Charity**
The Trustees declare that the charity has given no guarantees where potential liability is outstanding at the date of the statement of assets & liabilities.
## **Particulars of Any Outstanding Debt**
The Trustees declare that the charity has no outstanding debts which are secured by an express charge on any of the assets of the charity at the date of the statement of assets & liabilities.
- 1 -
## **THE TOP MODEL FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The charity is a charitable incorporated organisation.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr G A Cox
Miss E M Elliott Ms Maisie Lowe (Resigned 1 October 2024) Ms N M Headworth
All new board members are invited to attend an induction training session to help familiarise themselves with the work of the organisation.
Ongoing training is then provided as and when required.
All of the trustees are members and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
Miss E M Elliott
## **Trustee**
2 January 2026
- 2 -
## **THE TOP MODEL FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE TOP MODEL FOUNDATION**
I report to the trustees on my examination of the financial statements of The Top Model Foundation (the charity) for the year ended 30 September 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Claire Dean FCCA**
MMP Limited Chartered Certified Accountants 18/20 Canterbury Road Whitstable Kent CT5 4EY England
Dated: 2 January 2026
- 3 -
## **THE TOP MODEL FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|6,491|7,482|
|Charitable activities|**4**|9,018|27,922|
|Investments|**5**|214|553|
|**Total income**||15,723|35,957|
|**Expenditure on:**||||
|Raising funds|**6**|-|50,629|
|Charitable activities|**7**|25,455|8,239|
|**Total expenditure**||25,455|58,868|
|**Net expenditure for the year/**||||
|**Net movement in funds**||(9,732)|(22,911)|
|Fund balances at 1 October 2024||17,216|40,127|
|**Fund balances at 30 September 2025**||7,484|17,216|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **THE TOP MODEL FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 30 SEPTEMBER 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds - general|**2025**
**£**
787
6,449
7,236
(600)|**£**
848
6,636
7,484
7,484
7,484|**2024**
**£**
787
16,151
16,938
(570)|**£**
848
16,368|
|---|---|---|---|---|
|||||17,216|
|||||17,216|
|||||17,216|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 2 January 2026
Miss E M Elliott
**Trustee**
## **Company registration number CE018229**
- 5 -
## **THE TOP MODEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
## **1 Accounting policies**
## **Charity information**
The Top Model Foundation is an unincorporated entity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **THE TOP MODEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
Not provided
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 7 -
## **THE TOP MODEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
|**3**
**4**
**5**
**6**|**Donations and legacies**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2025**
2024
**£**
£
Donations and gifts
6,491
7,482
**Charitable activities**
**Fundraising**
**events**
**Fundraising**
**events**
**2025**
**2024**
**£**
**£**
Fundraising events
9,018
27,922
**Investments**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2025**
2024
**£**
£
Interest receivable
214
553
**Raising funds**
**Total**
Unrestricted
funds
general
**2025**
2024
**£**
£
Fundraising and publicity
Other fundraising costs
-
35,259
Staff costs
-
9,594
Support costs
-
5,776
Fundraising and publicity
-
50,629
-
50,629|**Donations and legacies**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2025**
2024
**£**
£
Donations and gifts
6,491
7,482
**Charitable activities**
**Fundraising**
**events**
**Fundraising**
**events**
**2025**
**2024**
**£**
**£**
Fundraising events
9,018
27,922
**Investments**
**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2025**
2024
**£**
£
Interest receivable
214
553
**Raising funds**
**Total**
Unrestricted
funds
general
**2025**
2024
**£**
£
Fundraising and publicity
Other fundraising costs
-
35,259
Staff costs
-
9,594
Support costs
-
5,776
Fundraising and publicity
-
50,629
-
50,629|
|---|---|---|
|||50,629|
|||50,629|
- 8 -
## **THE TOP MODEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
|**7**
**Charitable activities**
**2025**
**2025**
**£**
**£**
Donations made
638
-
Event costs
15,310
-
15,948
-
Share of support costs (see
note 8)
-
8,845
Share of governance costs (see
note 8)
-
662
15,948
9,507
**8**
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Advertising and promotion
2,231
-
Printing, postage and
stationery
21
-
Travel and accomodation
-
-
Office costs
6,593
-
Accountancy
-
600
Bank charges
-
62
8,845
662
Analysed between
Fundraising
-
-
Charitable activities
8,845
662
8,845
662||**2024**
**2024**
**£**
**£**
**£**
638
4,416
-
15,310
-
-
15,948
4,416
-
8,845
-
2,887
662
-
936
25,455
4,416
3,823
**2025**
Support costs
Governance
costs
**£**
£
£
2,231
2,823
-
21
515
-
-
70
-
6,593
5,255
-
600
-
570
62
-
366
9,507
8,663
936
-
5,776
-
9,507
2,887
936
9,507
8,663
936|**£**
4,416
-|
|---|---|---|---|
||||4,416
2,887
936|
||||8,239|
||||2024
£
2,823
515
70
5,255
570
366|
||||9,599|
||||5,776
3,823|
||||9,599|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
The charity continues to pay one of the trustees £500 a month for the licencing of the Top Model brand and all IP associated with it.
- 9 -
## **THE TOP MODEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
## **10 Employees**
||The average monthly number of employees during the year was:|||
|---|---|---|---|
|||**2025**|**2024**|
|||**Number**|**Number**|
||Total|-|-|
||**Employment costs**|**2025**|**2024**|
|||**£**|**£**|
||Wages and salaries|-|9,594|
||There were no employees whose annual remuneration was more than £60,000.|||
|**11**|**Tangible fixed assets**|||
||||**Computers**|
||||**£**|
||**Cost**|||
||At 1 October 2024||848|
||At 30 September 2025||848|
||**Carrying amount**|||
||At 30 September 2025||848|
||At 30 September 2024||848|
|**12**|**Debtors**|||
|||**2025**|**2024**|
||**Amounts falling due within one year:**|**£**|**£**|
||Trade debtors|787|787|
|**13**|**Creditors: amounts falling due within one year**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Accruals and deferred income|600|570|
- 10 -