Charity Registratlon No. 212954 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION ANNUAL REPORT AND FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 AUGUST 2025
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr. Simon Cundey Ms. Clair¢ Mahon (Treasurer) Ms. Diana Mern]ezan-Platona Miss Natssha Mokshanaj Mr. Patrick Murphy Mr. Suresh Ramakrishnan (President) Mr. William Skinner Mr. David Wilkinson Secretary Ms. Kimberley Honey ChArity nujnber. 212954 Prlnelpal address clo Henry P(x)le and Company (Savile Row) Limited 15 Savile Row London WIS 3PJ Auditor Barnes Roffe Audit Ltd Leytonstone House Leytonstone London EII IGA BkerS Coutts & Co 440 Strand London WC2R OQS Investment Manager Rathbone Investtnent Management Limited 8 Finsbury Circus London EC2M 7AZ Page 2
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION CONTENrs Pog¢ Trustees, report Slatements of Trustees, resw>nsibilities Ind¢pendent auditovs report Statement of financial activities 10 Balance sheet Notes to thc Financial Statements 12-16 Page 3
THE BESPOKE TLORs, BENEVOLENT ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 3 AUGUST 2025 The Trustees presenttheir re[ 2nd fJDanci8] slatrmts for the ye4r eTrJed 3 Aus[ 2025. Th¢ fin8ncial ststements have prerAred in accorthcc with the account rrf>licÈes 5etout in note I to thefin8neia] 5tatcmcnts wjd ¢omply with the ¢harity's Roya] Chancr. th¢ (]"¢5 Act 2011 8nd "Atttytst)tin8 and Rerx)rtin8 by ChaTiti¢s.. Sw¢m¢nt of PractiL% applicabk to clwities preporiTr8 their in ac&)rthee wrth th¢ Finan¢io1 R¢p)rtin8 Stath applicabk iTr thc UK aThd Rcpublic of ITelaThd (FRS 1021 {cffettive l J8nuary 2019)". ObJeetlveJ aDd actlvld¢• A ¢harter. datrd 12 August 1859. ctcatcd The Benevoleni for the Rejief of Aged and Infrn Jouwmqn Tailors 1.the In#ln-). In 2011 the Institutio thcm known &4'Thc Tailors bcncvolcmt InslibJle-. re501vcd to chan8e its twne to Yhe Bestx)ke TailiK5' Benevolcml Asy)ciation" following the muger of its activities aTrJ wtth those of Thc MastcrTailur's B¢n¢vvlthM The objectives of thc Instibjlion are lo rclicv¢ eith¢¥ gamlly iy ilI¥1dIY pv5(S who ue or have be enBa8ed in the retwl knikt thiloring tr in w ¢wity aThl in need of Assi#•nc¢ by ru50n 0fvty. di5abs1ity. it)fmnity or otherwis¢ by mean5 of grants orthje-off paymthts u> relicve hardshÈp. Th¢ instilution inviics aFylir&itM5 from m ioumw thd tailoresses to help fimd the re8uiar provisioD of w¢lfw¢ service& The applications are Tevkcwed 4ainst specific cxitcria which arc sc¢ ty the Trustees. The Instithtion so inviS appli¢wioos from individuals for 8rants to help fimd Me-off proj8 or tyt•m)ents that may be required i order ¢0 pro[[1¢ th¢ welfw¢ of their mtmben. Toxhieve its objeclive4 the Instit10 rclies DOMly forvolunlary paYrne the FestiV81 Dinner, the SummtrP8rtyaftd income fromcapita] invcsrmcTht& InvtS¢mentsarc maintainedto8cncNe incom¢whils¢pr¢s¢rvin8 th¢se fuTrds at suificienl level to cover the fikn Obligati of the charity. AcknlevemeDts and performance As in Prior ycDrn. thc Ioqt¢utiM ely m&iority of its from ity rmxtfolio, which thEr 5UCCC55ful year. The Ins¢itytith) held tA)th a F¢stiv8] Ditw •nd Swjvntr Pty in the yw. Both evcnts would have taken piacc withoui th¢ $upp(fft of two trus¢¢¢s aDd six voluntettd th¢ir tsmc ¢fforts for which the Ins¢itutithl is grnfvl. With on overall wall surplus bein8 n¥ognisl in tht yew. the In111 Was able to continue to v¢ wppon to lis b¢n¢fi¢iari¢s. Publ1¢ BeTreflt The Tru$ttts have F4id due r¢ggrd 8uidw published by the Charity Commith in thidth8 Wts aetivilies the Instituti(th should uThl¢nth os rwJir&J by s¢¢Mion 17 of the Chwi¢its A¢4 2011. Fynd$ It is the policy of the 1ftltil01j miintsin ut)Y¢3th¢ttyl fthlds * I levd to ensjre It from cycnts held in the ycar nd from invesim¢llts will covtstht demand for rn There Ire no fuDd& In thc ¢)pinÈon of the Trustccs thc atrrcnt Icvcl of fi]Dth is app[Dal¢ to mect thcsc with income gen¢r*&l b¢ing fully utilizcd ymron yw for chari18ble objedÉva The le¥el of fiuuJ5 rrviewrd ba51& Th¢ uttrestricted 18 3 August 2(ll5 wut £5.594.563 {2024.. £5.030.1151. FlnaDclal r¢vlew Both the Icv¢l of the ye4r¥end wsiiion were &8 expeatyL Th¢ In#l10n its hithric level of tivitics in thc finarKial yw s¢dion"ImW of (knv¢rnmcn¢ r¢5tridion5 aTi5ing from the lat pandemic" bclowl. Thc trtal incoming rrsouTs forth¢ yw, kforr for nd g4iTh on inve51mcmt4 arn(nted to £41150812024.. £182.227) and lot net outgoi8 rc50urre5 after grwjts aT¥J q)UatsOn wuc £145.270 12024.. £141.639}. During the year the charity ha5 provid¢d gr of £34,150 12024.. £35.3711 to 12 ongoin8 beTreficiarÈes 12024.. 14 btnefici8ri¢sI who rnet thc cligibility critla and onc bcEKficiary on a onc4)ff Eosi5 12024.. Dvo). Afttr gains 01) knvc51mcThts of £297210 {2024.. U63,Y20A a increase in of £564,44812024: £404J08) WA% obtsitled Trsulting ID an incTr4s¢ of g¢traI fll to £5Jg1.563 (2024". Inc[t to £5.030,1151 Page 4
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION TRUSTEES, REPORT (CO[[NUED) FOR THE YEAR ENDED 3 AUGUST 2025 Struetiire? %ov¢rnaD¢e and mrtagtment The trysteesATe aware of the maJ'Orstrateg aTrJ risk5whichthcchariry faces and COTrfi reRuJ8r report8 r¢ produced by th¢ iov¢sunerLt mana8cr in for rKcessary sws to k take to lessen thtt¢ risks. The investment Tnqnager rep ¢0 thc Institutton'5 committee thrwgh quanttty thcctings The portfolio is nLU a discretionary b&81$ but the eommi(te¢ miews the Investmen irt¢lwJing receni ¥quisitsons ar¥] disposals by inve5tllt man4er, th¢s¢ me¢ting5. Trust¢¢S 8re t1#¢d at the Annual G¢rTal Mcttin8 ¢¥h ye4r. New a iYkfiD8 OD their roles and r¢sponsibilitics from n(Mnitwed rncmFm of the Tntsc5. Trvsteeg The Truste¢s who SCTvcd durin8 the y¢arand to the d f>f signakn oflbe fi1•] stst¢mcnts w¢r¢'. Ms. Anna lJcrnst¢in lapwpinted 4 June 2025 Mr. Simon Cundey MT. Paul Frcar50n O'tetswtt, d¢¢¢ 6 March 2025) Ms. Ciw're Mahm (fre&%urer $in¢¢ 3 April 2025) Ms. Diana Mem00-Pla Miss Natssha Mok%haThaj Mr. Pntri¢k Murphy (Presideni until 15 January 2025) Mr. Tajunder Phull (Tcsigncd 30 J8ny#ry 225) Mr. Sur¢sh R4makri5hrn (Presid¢ttt in¢e 15 January 20251 Mr. William Skinner Mr. David WilkinTh Th¢ Trusttts, report WAS oprknved by the TnLqie¢& S. Ramakrhbnan (Presldent) Trus¢ee D¢ed: Page 5
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION STATEMENf OF TRUSTEES, RESPOF4SIBILrrIES FOR THE YEAR ENDED 3 AUGUST 2025 The Ttustees are restmjnsibte for PT¢paring th¢ Tryste¢s' Re[ and th¢ financial slatements in accordance with applicable law and United Kingdom Acwunting Standard5 Iunited Kingdom Generally Accepted Accounting Practice). Th¢ law applic&ble to charities in England and Wales requires the Trustees to prepare finaneial ststements for ¢A¢h fmaneial year which give a tDJe and fair view of the st of affairs of the Instituti"on and of the incoming resources and application of rewurc¢s of the Institution f(rthat year. In preparin8 these financia] s¢#t¢m¢nts, the Truslets w4uir¢d to: - selert suitabl¢ accounting policies and then appty them consistently" . observe the methody and PTin¢iples in the ChaTities SORP. . make judgements ond ¢skniates that ar¢ reasothle and prutht. - state whether appli¢able ac¢ountin8 Standards have been folk)wrf subie¢t to any material departures disc105ed and explained th¢ financial ststements. • - wepare the finan¢ial sthtements on the goitigconcern isis unless it is llMpprqThte to preswne that th¢ charity will continue in 0pcrnti. Th¢ Trust¢es are responsible for keepin8 sufficient accounting records thai disclose with rexsonable accuracy 41 any tim¢ th¢ financial position of the Instiiution and enable them to thsure that the fmancial ststements eomply with the Charities Act 2011. the Charity (Accounts and Reih)rtsl Regulations 2(M)8 and the provisions of the trus¢ de¢d. They are also responsible for safeguarding th¢ &8sets of the Instithiion and h¢nce fortakin8 reasonable $t¢P5 f the pyeveniion and drfeaion of fraud and oth¢r inegularities. Page 6
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION
INDEPENDENT AUDOR's REPORT TO THE BOARD OF
MANAGEMENT OF THE BESPOKE TAILORS, BENEVOLENT
ASSOCIATION
Opinio
We have alIted the financial 5tatemuhts of Th¢ Bc5FK&e Tailors. B¢ts¢volcml AssocialiDn lth¢'¢lwity) for th¢ year
ended 3 August 2025 whith comprise the Statemert of fm8n¢ial akXivitif4 the Balance sheet aT T¢laicd no
ineluding asummary of $ilfi¢l[LI8¢COuntlnB tKTrlicie& The fuwicial rewTrnin8 framework that h&8beM wlied in their
Preparation is 8pplicable law Unld Kingdom Acco8 St*thd4 induding l.'inanCi iiwtsng Standard 102
he Financkaj Reportill8 StstLdard applicable ID th¢ UK and R¢wblic of Ir¢land' {Unit&l KJn8dom Ge11Y Aw
Accountin8 Practi(tl.
The financial $t&enthts hthvc been prepartd in )rdlIKe with AC£th]ntir aNI Re[18 by Charitie5 prepArin8 their
accounrs in x¢ordanc¢ withthe Fin8Ktal Ry)rting Stsndsrds applieable in the UK artd Rcpublic of Ireland IFRS 1021
irt prcfcrence to th¢ A¢¢oun¢in8 and Rerting by Chatili¢s.' ufRewmmcn(kd Pr2thi¢e issued ¢Jn l April 2(X)S
which is ref¢rr¢d ¢0 in the exthni re8uiations but t<cn With
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION lIEPE>ENT AUDITOR'S REPORT TO THE BOARD OF IvtANAGEMENT OF THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION (CONTINUED) M•tters (ffj whleb we Are requlred to report by ceptIo0 We have nothing 10 report in Twe¢t of the following m8tte¥s where thr ChttTiliu {ALYounts and R¢) Re8uiations 2008 requeS us to re[tOY{l i( ID )InIon. or 5uffi¢itht r¢¢ords h&v¢ no¢ be¢D kw or we have Teccivcd 8Jl the fftfoTmiM athl explwiL WC WTrc frff 8jiL ReJpoTrsibilili¢J of Tryst¢eJ A5 cxplained morc fvlly ID th¢ Twste¢s' r¢4x)osibiltii¢ssthtrTh( theTnaTr r¢5wisibie fortr preporatioTh oCth¢ financial stai¢m¢nts whi¢h 8iVe o ty¢ and fairvi¢w. atkl for $wh inrn Control 05 the Tru5tce5 delumine Ès ttLussary io ¢nabl¢ the pr¢pwion of fm8ncial stst¢ments 8re frtt from Ill¢1#1 missiii¢ttth( whether due to fraud OT eTror. In prepan'n8 th¢ fina18] gtatmrnt4 th¢Trustets a T¢swLb forAssusingthe¢hority$ &bility locontinue aBoin8 ¢on¢¢nK dis¢losin& &s &ppliC&b m8rtets rel8t¢d to goiD8 concem and usi¥ thc COrrn b&%is of accounting un1¢5s thc Tru5es githtt innd w liquid th¢ thily or opc11 or bavc no rt4ti5ti¢ alt¢rnaiive bui to do AudIt08 r¢spoD$lbllltkJ for the •udl¢ ofthe fi¢111 itnb¢#ts We h&v¢ been apkK>initsJ as awjiwr under se¢¢ion 144 of the Chtritses A¢1 2011 rryrt itt accorth¢¢ with the Act and rtl¢vatt¢ Tryutl(s m•Je orh•ving ¢ffea thatder. Ourobjectiv8r¢tO obtain rea%b abMtWhetherth¢fw1 1Ments u&wi¥)ieart fre¢ from m•t¢ri i&%taicmenL whether due to fraud tt ¢rM. and to issue an Auditorf T¢Wt that Éncludes our opit)ion. Reasonable assurancc is a high l¢vel of bu¢ 1$ M)i • gu¥nte¢ •J) audil th¥Jted in accord4nce with ISAS {UKI wlll ways d¢¢t a mat¢rio1 mtsstamthi wh•) it exiys. Missw+>nMts ¢8th arisc from fraj or error and are eonsider¢d mal¢ria] if. IndivUl[lY OT in the a8gttgatE wjld re&loDtY b¢ expxt)I w Innu¢< the ¢¢onomie decisions of sers tsken on the knij of these fin¢181 statement Irr¢gularitLes. in¢ludin8 fraud are insthntts of nonw¢ompli•thee with laws hTKI regul70n5. We de8Th procedures in line with our rcsponsibilitiC4 1)utlined abov¢, to det¢d matrrid nJL55tatets in T¢5 of IT]111¢ ilUdIng fraud. The extent to which our are cybk of dctec¢in8 irre8U includin8 fraud is drtaikd below: Identlfyltt8 nd swslng potetttll rtskj rnknted to Im8ul•rltl¢• In id•rtifyin8 8TrJ &8x5sin8 risks of Mala1 misstatr4nent in r¢w of irwknrities we considcra the followÈn8.' the nature of the industy. seclor and control vIronl ill¢lwJing th¢ procedures for revUt reCOltion. r¢suJts of our WineS of m8n88emenL 8tA)ut their ithtifi¢&tiw thd &8S&WnCnt of thc risks of iTfc8ul8riti¢5: any mitte¥s we ideniified havin8 mwje ethquiries of man4nI alMTr thcir tiCIeS and prfjc¢dures relating to.. id¢ntifyin& ¢v8]utng comptyihg i•ws rcgujatio aNf wkthcr thcy wer¢ awwEof 8lly insthr of non-compliance- deteLitLg respondiTJg kn the iisks of f1 whether Ibey hve knowled8e of •y &ttth1, 511sF1 ( ajleged frw&' the intcrnal rontrol$ ¢stybli5h¢d ¢0 Et18 risks of hud or nonrfornpliance with laws and r¢8lliwions" and the mattc¥s diwwssed 8moog the audit team rtgardjng ]M)w aDd whete fraud mighi occur in the firClaI ststements and potential indicatOT5 of frau All relevant laws and regulation5 identifi8] arw suwiibleto fraud thcrAdhaVemsTr Cfffd onth¢ financial slalem¢nts werc cornrnunic& Any in510nc of non-compliarK¢ of n0n-comp1iwe with laws Ind ]E8uIHti0Th5 ]dtir1d We Gon5id¢red in ow4111 The wifiwit Imand rwlatt.l3¢TedetrM7]n &8 follows.. UK GAAP FRS 102,. and Chariti¢s Ad 2011 Additional allditw*%durts pUfOrn by awlit ¢ng88allat team includol: Revi¢w of the financial di1¥¢$ WKi t¢5tingty wpporting&xwn¢ntstion Page 8
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION INDEPENDENT AUDOR's REPORT TO THE BOARD OF MANAGEMENT OF THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION (CONTINUED) Idelltifyillg ad axtsiDg potential riqk rel4¢¢d to IrYegulrftl¥ (continued) Compleiton of disckjsurc kIl51 identify arca5 of n(-COmplialle The &re&% that we identifd as being wstzbk to Materi misment du¢ fr8wJ We.. MatW8¢menl ovr4rÉdc: Inves(m¢ni valu1. Grants payablc. Audit PToccdures in r4w¢ to thc ithntifKd aws al¥¢.. A8reein8 the r¢115¢atCrncnts discloswes wdutyirb8 dLvrntsIiThL ¢nquiring of managtmcnt aPt and pL£[tti liiiwion and ¢laim5: pcrfomiit)8 natytiol atwj gkntive identsfy any Un1 or unexpccted T¢110$hips that may tndiratc risks of matrtiJ mi5sthtel fwd. in addressin8 the risk offrawl throy8h A•8r1 ov¢fftd¢ of ¢OntrO testin8 the amvtyriatencss ofj(WM en. tries and othtt fAtJuslm¢nts: S$18 whether the jud8¢mentsrn Èn rn•&in8 f£LvJntsn8 e5Dmaw we indi¢ative ofa bia& and cvaluatsn8 the business rntionalc of any si8t)ifi¢ll th&t e or wltside the rtonn course of hwsies& We ajso commwJi¢adr¢l¢vani identifi&J lawsand r¢gu1ic$ POM¢iai frwml risksto a]ietwgement le4m memb¢r8 and M11thed aJ¢rt indications of fi¥1 ornon-comp1it with Laws ATrJ regulatioJ)s throughout the audit. Be¢au5c of the inherent limLlalions of In audil ther¢ is & risk thai we will n(rf d¢tr¢t 1 irrelariticS. ith¢luding tho leading to a maicrsal missratthnetti in thc finuKial statetwtsor n(ffi-complianee with re8uidtion. This ri$k incr¢a5C5 the more that complian¢¢ with f4 J&w OT TryulIr1j is T¢move4J frL the ev¢$ and tr&wctirAJs refle¢t¢d in the financial statcment& we will less likely to become aware of instances of n•¢Ip11anCe. The risk is alw gr re8ordin8 irre8uloriti¢s o¢uJrring due to fr8tyJ rats thth trrry. as fraud involves iTthntiQ caK¢8]men( for8¢ry. collusion, omission or misrq)re5cntsliJn. A further d1p1S0 of responsibiliiiM forthe of th¢ fin)¢iai aternts 18 lo¢at¢d on the Finoncial R¢ring Council's web$iie d.. www.frcM8.uklaydIjr8nS1bll1tIe& dtsuiptiM Part of0WAtit report Use of T¢POrt This TCPOrt is made solety the ¢harity5 trust¢e4 ts JI btsty. ID accordan¢¢ with Part 4 of the Charities (Aceounts and Reports) Regul8tx>ns 2Tr)8. Our audit work h&s been ur¥JcTthken that we might slate to the th3rity'5 ITU5tces those matt¢rs we are requiT¢d (o to them in SD Auditors. rcrK)rt and for no (ther pur[. To th¢ fvllr ¢xlent pcnnittcd by law. we do Th)t acGcpt Lf ne rESrLS1bl]ty to &nYO othtr th8th the Charity atk1 its a b(NJy, for our audiL worK for thi$ Tcporu or frx ts ]n10 halr fornxd. Blrwts Roff Ltd Chartcrtd Accountsnts Statutory Auditor Lytonstone House t¢ytonston¢ Lojklon BII IGA B2mes Roff¢ AuditLtd i5 cli1)k foraprKJintineth as sl¢0f Instibjtirm ty vtrwe of its ¢ligibility foT apFxTrillttncnt as audktOT of a CoMpY utKleof secti)n 1212 of th¢ Companies Ad 2(M)6. Page 9
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION STATEMENf OF FINAI¥CtAL ACTIVTTIES INCLUDtNG INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EI¥DED 3 AUGUST 2025 Unrestrxted 2025 2024 Notes Incorn rk>nati0rt8 aThl lewies FvIral$Ing activities ItKon% from investnKth5 223,402 72.180 116926 13.259 59,740 Total 412508 182,227 FUjralslng activitics Man&gen%nt of invcsthrt*s atMI secretariat 61,014 50,106 51,943 54.325 Total 145 70 141639 Result before Net Gal£ on InveStsrts Net GairL5 on InveslnrTttS 267,238 297210 40.588 363 920 Net Movement in Fu 564,448 40408 5030115 4625607 Totsl FuThJs brouOtt forniard Total earritd fonvanl The 5tst¢ment of fjnanciai &tivitie$ in¢lud¢s all gains and losses re¢o8DiwJ in the year. All income and exPdItUre derive from continuitig 1VIties. 94563 5030 115 Page 10
THE BESPOKE TAILORS, BENEVOLEIYT ASSOCIATION BALANCE SHEET AS AT 3 AUGUST 2025 2025 2024 Notes A&SETS Ffrx¢d Ajsets Inveslnrnts 12 5.396,188 5.035,638 Curnn¢ Assets Debtors Cash 8t bank in hd 13 3,880 241401 5,800 245,281 26,299 Creditors: anM)urt5 falling within ye4T Nct Current AsscLQ (Liabilities) Tolal kneij lem CunEth U*Nbtxs 14 198.375 5 030 115 COME FUNDS ih]r¢stricted FUMIS 5 594 563 5030115 94 5030115 The fin¥n¢ial 51atementswereappmvedby theTrusttts on... ... ...................... Surdh Trustr¢ mxkrtshllan, 1. (Pruhltht) Pagell
THE BESPOKE TAILORS, BENEVOLENf ASSOCIATION NOTES TO THE FINAIYCIAL STATEMENfs FOR THE YEAR ENDED 3 AUGUST 2025 Actountilli policils 1.1 Ck•rity Thc Bcspok¢ Tailors, Benevolent AK]StIon 15 a regi¢ered ¢haritabk tru5L whose thjectives are to Tell4 generally or individyaily, who 8re or bave 1Xei0nMa tailorsor tailore5 Thc rc8i8tcred oifice is o Henry Pooic and COmpY {S4vik Row) Limitr4 15 Savfftle liow. WIS 3PJ. IJ Actountln8 ¢onve•ti• The fJn8ncial swementshave been ID 9Yda(¢With¢thIrity5 Royal the Chariii¢s A¢t2011 and"Ac¢ountiDgand Rcportingby Chariiies.. St8theni of PrattiC¢ 8pplicableio ¢ittl¢S prep8riJg theiT a¢¢A)unts in accordance the FinancMJ Rcporting Stsndard applic&tlc in the UK and Republic of Ireland IFRS 1021 {effe£live l jat)U 2019)". The charity is a lblIC Beeth &8 defjned by FRS IO2. The In11101) h&8 th tr8nt88e of the provi5i¢Jns in the SORPnot to PTeFW¢ a Sthmeni of Cth Flows. The fLnancial have dep&rfed from th¢ CbaTiti¢s IAc¢owys atyd Repo> RegulatioJ)$ 2008 only to the ¢xtenl required to PTovidc i •Jd faiT Tll¢W. Thi$ depafftjrt h&% inv()IV following the Ststrment of Recommended Prxticc for ¢harits¢S wlying FRS 102 r•b¢r th80 th¢ vusion of the Swemet)t of Re¢omn Pra¢ts¢e which 1$ r¢feed lo in thc Rc8ulation5 which has been withdraMTr. The fin8nciai seMentsa[cry1 in which i5thc cunrnLy ofthcthwity. amounts in thcsc financ1 51Ntcmits 4Y¢ munded th thc neu¢st wund. The financial statements havc been weFwed the historied tost ¢•rfftntith. modified to Inctude rxrtain rIn¢181 inSmLmrnts at fair value. Thc principl xgowiting p)licics are sct out Eelow. IJ Golng ¢otteern Owin8 to the hi8h icvcl of rrs<s¥es comp1VelY low kvd of mnual expthdiDJK the Tnjstees have a r¢0able¢xclonthat the Inslitstion h&% ade4uatcrestyJTCCStocontinue Ènryuation forthe foTe5eeAble fiJttJr¢. Thus. the Tnjstecs ¢ontinu¢ &Joo wn¢ern buis of in prepan'ng the financial starn IA Charitsble fuDds ult$tted flmds are available for the di70 of thE Board of Manage1 in I1]rthece of their ¢haritabl¢ obj¢tive All irtcome And expenditure 2¢n4 2025 w&4unrestrict&i IJ Incowing resour Inrne is recognised th¢ IThiwtion 1$ 14alty uhtitlvj to 1¢ •ft¢r ary Ornl¢¢ ¢ditionS h&ve m¢( the amounts eth be ttliably. 8Thd it is prob4bl¢ incthn¢ will be rtt¢tvrJl. Cash don4ion$ 8re recogn on receipt. (Xher do[105 are recognised once thechutty betfj notifjed of the donaiion. unless wfLryncc condilions rryyi d¢f¢TrnJ of thc AryM)unt Inwmc lax Tewvcrablc in rclaiion lo donations receivcd und¢T Gift Aid or dceds of ¢OV+#WIt 1$ reCOlS¢d atthe time of thc th10. Interest OTh funds hcld on derthbt 1$ TKognistsJ upon nlfI¢ll10m of the ifitrre# ]d or pHyle by th¢ bank DividMd$ Are reco8nised once the dividend FKcn dcclared and notifilxtion h&% FKen rcccived ofthe dividend Thi5 18 normajty lf1¢10n by C4kT tnv¢gtrr¢w of dIVIdlY1¢ld0f th¢ inv¢Sthi¢l Portfolio. Page 12
THE BESPOKE TAILORS, BENEVOLENf ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 3 AUGUST 2025 (CONTINUED) Aeeo•Nti•g politlts le•tttl•ued 1.6 Resourets ¢xp¢oded Liabilrtie5 are recognis tXF¢nditure once th¢r¢ 15 a legal Orcontive obligation committing the Institution to that expenditur< it i$prohbkthat seldeI]II bc rtquirtij and th¢ amountof the dylt8ation be measured reliably. All exF¢nditurc is xcoun¢d for an XC]3 bw All inclding supwrt C4X8 and Eoytttthnee cosL% are ailLKated to the one ch4Titsbl¢ xtivity in th¢ swancnt of fin1&[ xtivitses. Grants payable IR paymcnts made kn third wtits the fiwth¢ratKc of the charitable thjects of the In#itUiKn. Proviwons for grants are whA tk to mac the 8T¢ h&8 Gommunic4tsJ to th¢ r¢cipicrLt prior tts the bojancc dat¢ but thc timing of payrrtni is likely to t)a year end. With re8•Jd$ rnulti.y grartL% TnL3tra ercIse their dI¢0ll kn review ¢xh awtrd annually and detemiine whether fvthjrc in5talments 1] k pwd. Govern4ntt c051s comprix ail ¢osts involvin8th¢ publi¢ tKcOun1llty of the 4fyJ its ¢ompliance with TC8ulali¢Jn aNI gcth pr1¢¢. ITrccovcrdFAe VAT is thed8gw the aF)th'bllE headin8foT which it in¢urytd. 1.7 in¢ludes moniu h¢ld at thc Itlti10.9 b IA Financlal Iwtr#ments Thc Institution ¢l¢¢d awtty the provision5 of Seaion I I 'B&8i¢ Finlnciat ItLffnJments' and S¥iion 12 'Other Finthcial Insvumcnts luues. of FRS i¢n w all of its fina111 instruments. Finan¢ial instrum 4r¢ Ye¢ogniscd in the lThstitiAiorfs baittnce wh¢ the IntiDjtiL bet¥Nh¢s party to the ¢otttrttcil provisions of th¢ ulstrurn1. Finan¢iaJ OSS¢ts and liabilities aT¢ offrt with th¢ t nouThts Fwented in the fiwdal when there tg 1¢g]Y enforceable ri8ht to set off thc reco8n1s amounts thu¢ is an inntion to xttle w a b1¥ or r¢ati5e the &&set and s¢nl¢ the bability ¥imulwxously. 1.9 Baste flnn¢l•l wets B1¢ finarKio1 whK41 includ¢ d¢tJ)r$8nd c&%h and bjnk WaAY4r initially measurol at transaction pri¢e In¢ludin8 trawaction ¢05ts Imd arc subwuentty carried 4moniwJ ¢xJs¢ usin8 the eff¢aiv¢ iXr&%t mctho FirWJci &&sets t1&Ified as rueivgble within y£tT are not amortil Inv¢stsn¢nts Itt a fo of basi¢ fuwicial instnun¢ni and arc initllY rwistyj thThT transaclioTh va]u¢ and subsequently mcawred at their fair value &$ at the hJ•ffie¢ date Ing th¢ ¢losing qUOJJ mfjrk¢t pritt. The ststement orrmanciai 4¢tivitiu itlcluths the En5 aTrd losses arising and disw)saJs throughout the year. The Institulion does wuire wt Optio d¢riv#iivesor0thercwnpl fuwKiai anstr1¢s. 1.10 Bwic finantlxl IIAbilltles B&sic flnwK1 liabElitics including rrediloT5 are iniiially at price unkss thc arrangement COnSlt(iJte$ 8 fllwjullgtransxtioo wh¢rvth¢ ¢ktrA instnjmeni is m¢&wrNt & thcprc5ent vu¢ of th¢ fire receipts discounted ai am8Tket Of intue5t. FirAnCI liabilities c1&Ified L8 pAyable within onc ye4r are tt wrt15ed. Critic•1 accouDtkn8••te$ 1141 In the applitatsott of thc Instibjiion s aceounttng policic4 the TrSt¢L$ atc Wllired ts) Tnak¢ judgernen lm&(e$ and asyjmptions atrA)th the ¢arrying amourtof asts liabilitiesthat art rtadily App$tfrO¥n other SOUTtes. The cstimaics and ¥¢1ted a%sumpti¢)ns arc b&sed on hiaori¢aJ ¢xpcri¢nce and other factors th8t ore collsidered to be rel¢vanL Actsjal regjlts MAY differ from these estimates. Th¢ ]mateS and undertying &sgJmpti(s •re reviewed on ] )108 lrtsis. Revisi5 to cOuntIng ¢s¢im8t¢$ aTr rcognised in the period in which th¢ estiJTth is rcviscd whcre the Ttvision aff¢¢ts onjy that perio¢ or in the p¢rickl of the r¢vision and fubJTC periods wthert thc teYi5ion aff25 and fvture lOdg. The Tn]str¢$donotbe1i¢th¢retobeSDY judEementsor&%tirnatr5 thatwouldFtcoAsider&1 criti¢oJ ttbthefinancial Page 13
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO THE FINANCIAL STATEMEWTS FOR THE YEAR ENDED 3 AUGUST 2025 (CONTINUED) DoDatkni nd kgacies Unsti1tttd Fuhds 2025 2024 215,41 5259 223.402 13,259 Th¢ TnJ$t¢es were most thankfvl for a legxy of £21y).? receEV in the ye¥. The thhnk s¢v¢rnl companiu forth¢ir kind donatÈ(rt8 dur1& thcytsr. In¢luded within 8ifts in kind i5 thc of thc m¢h1n1 Tllykng Hall from Merchant TayloTS' Catering Ltd. This would have t1 amarket ¥Atue of £S.(th12024.. £3,0) for the Feaivai DintKr Dnd £3.¢NX)12024.. £3.(th} for th¢ Summ¢r Paty. This h&$ also bccTh included within diTCCt charity welfare eXn8¢S. Fundr•tslni •¢tlvl¢le•- ineom¢ Unrtstricted FuTrds 2025 2024 Festival DTfflcr 414 2A7 41hSJ 1&085 srnner Party 72,1811 59,740 The re$ult for the F¢stv8J Dinn¢r w85 a of £14.779 (2024.. sury)lus of £13.2231 ui¢ltyJing the dI)nln of £S,OCN)12024.. £3,W)I for the us¢ of the MerCInt T10T.$ Ho11 Is¢¢ Nole 3}. Th¢ r¢suli of the use of ¢he h1 w&% thsurplus of £9,77912024.' wlus of £8225) (srt No 6). Thc Tesultforthe SummerParty was asurplusof£4J87{2024'. wlus of Q5721 including the donation of £3.orA) {2024.. £3.(KK)} for thc use of the Muchanl Ttylor'$ Hall15ec No 31. Thc result tlet of the use (pfth¢ h] was a suTrlus of £1.387 {2024.. dcficit of £428) (see Note6}. Income from lllv¢th¢•ts UhreJtrt¢tsd Fynds 2025 2024 75.742 irerest receibk. h]I£1)63llTr24:£444) fm 3&118 l J6.926 109.228 F¥ndrblng ttlvhles- upendlt•re Unrestricted FuAds 2025 2024 Festival Dw 35,611 25373 33.430 18513 StymY*r Party 61.014 5J,943 Page 14
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO TIIE FINIINCLAL STATEMENTS FOR THE YEAR ENDED 3 AUGUST 2025 (CONTINUED) M#nigwe4t of investment abd tr•r1•¢- exptJdlire UnttstrS¢t¢d Funds 2025 2024 Invcstrrm fees laccnmk tw) Au(bt. current lt 33,416 10.(Kx) iO,(KM) 4.167 Medth WcE6Ae Bank c]Mrp Prntm8 633 642 47 35 50.106 54,325 Audil ¢Os include priory¢tr w]jents f(ffxttU$Or audii fe¢s whi¢h wue higheror lowcr than the fit)s] COSL Amourjts ld kn auditor8 for allIng %rvic¢s Ilx1¢d £IQIIXI {2024.. £10.{). Grahts p•id ¢0 beuefi¢i4ri Unrestricttd Funds 2025 2024 31.150 31NM) 3.571 Grants to bevkllei 34.150 All ld in the yw h&v¢ bet mad¢ dirtaty to llh4ividu2]s to pyovide fmanciai suwort during [0d$ or hvdshlp. Trurt¢¢s 35J71 None of the TnJae¢s lor pe)n5 ¢(fflt)eL%ed wth th¢m) reeeivcd aDy remun¢rali(ffl duriDgthe y¢8r. Duringthe year no TruMe¢s w¢re reit[tlyJrs expe# {2024'. nil). IIX Employtts There wtr¢ no cmployees thtr1 the o]Thrnt or priwyw. 11. Net gioi o• ivw¢*bents uh$trle Funds 2025 2024 132224 136258 227,662 164.986 297.210 36J,920 Page 15
THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 AUGUST 2025 (CONllNUED) IL Fixed asset i•vestmeAts porthlio Total Co$t orvalbJkno At 4 Au8Wt 2024 4331.1 335.444 297210 X)3.930 {335.4441 1035.638 297210 Cash wilth Dnd arwl ff¢eld Investffi f¢¢3 (Ch Iwii) Capital r¢paynr 115J64 131024} 1.458 115J64 132.0241 {1.458) At 3 Aulwt 2023 5040 356.180 SJ96.188 CArryln8 Amount Ai 3 Aw 2023 5.OlQf 35&1W) sj,188 Ai 3 Awl 2024 41. 203.930 13. Debton 2025 2024 Oth¢rdelon So00 Other debtors corsist of accrued income forthc Fcival Dilmer aThJ SUMw Pty. tem8 tick¢t S¢ whi¢h were wtjed after the end of the financwl ycar. 14 Cr•dltor• 21125 2024 Arcrua15 •wd dethmd i#w• 31.822 l& Rekntsd party trnJ•ctioH* Durin8 the year therc wcre ¢onsulw fees of £4,167 (2024.. £IO.IXXI) to EPF Asyxi8te5 Limite tomp8ny owned wholly by F..P. Fox. th¢ f0mSE¢rlIryo( Th¢ Bcsyok¢ Tailor5. B¢ncvolcnt A&%ociation and £nil 12024.. £nill of expetw The sectttsry rettive& a compJxm&iw tickth ftr the Fe#ivd Dintt¢r d Smmer Party. Durin8 theyear some of havc provmjed scrvitts to th¢ ¢lw frrt of Chae. tk]e to the[tUre of thc5C vice& the c05t cannot k rrliably eaimatoj. For this Tea$0 this h&s no¢ included within Notr 3 of the finala] statem¢nt& The rtsuli of this dtt5 Mt affcct the overajl p)sition of thc tharity. Page 16