Footwear
IndustryTrust
188tII ANNIIAL REPORT, ACCOUINTS
LIST of4 CONTRIBUTORS
for
YEAR INDING 318t JANUARY 2024
N()I-IC'E IS I-IERf.13Y (ilVEN tliat IliL' I h'7111 ANNIJAI. Cif.'Nl.'IIAL MFF-I-INCJ ()t" boohieAI'
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MIIS. G. O'SULI.IVAN
,S'L'ci'cJl{ii'i,'

THE FOOTWEAR BENEVOLENT SOCIETY- FOOTWEAR FRIENDS
CONTENTS
PAGE
Report of the Executive Committee
Independent examiner's report
Ststement of Financial Athiviiies
tncome and Expendityre A¢￿Ullt
Bglatk¢e Shee¢
Notes to th¢Finan¢ial Ststem¢nts
10-18

Footwear
IndustryTrust
DONATION
Qyts
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FII,'GI:1,.4R GII'ING JII. Ii.INlir.Iis
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Footwear
IndustryTrust
I,'OR .4 IIL(ilDI!Illll' BEQIII,:.¢i'l"
-,OR A $1)14 ('II,"IC.' BÉQIII=, S'I.
C'.()I)IC.'ILS
IN IILL oili¥r rLwLcLs 1 ioiifimi mi. SLiid IVIll.

THE FOOTWEAR BENEVOLENT SOCIETY- FOOTWEAR INDUSTRY TRUST
REPORT OF THE EXECiITIV£ Com￿[[TTEE FOR TItE YEAR ENDED 31 JANUARY 2024
Legg1 aud admlTrtstratlve deta115
ReKlster¢d Name
The FOoLw¢arB¢n¢vol￿t Socicty
Worklng N&Me
Footwear l*dusty TTUSC
Ch2rlty Registr8Uon Number
222117
RW6tered Offi¢e arAd Prlnclp21
HAte ofoperatlo
Foolwcar Benevol¢hi Society
PO Box 77403
London
SW9 IFfj
lthdepeRdent ExamlTrer4
MHA
Moorgate Hous¢
201 SÉlbury BDulcvud
Milton K¢yJes
MK9 ALZ
BABkers
NBtWest Bank p
Addi5cDmbe
209 LowerAddis¢omb¢ R￿d
Croydon
Surr¢y
CRO 6RB
Ezetvth Cothmli¢¢e
Members of the Exe¢utivc Comthi¢tcr gre as detstls kIow'.
PrestdeBt
D.E. Locky¢r
Chalrmfi
D.B. Lo¢kyer
Honorsry Tre2surer
M. Collius
Ordlhary Membtrs
T.C Coop
D. Gyv&s
H. Jacob8oll
M. Jeffcry
p.J. t4mblc IR¢p￿¢n￿clv¢ Worshipfvl Company of Cordwainc¥s1
J.G.F. Morg
SO'H
L. Ree¢c-R•ybouid
S. Rea50n
M. Watson4mith

THE FOOTWEAR BENEVOLENT SoCI￿Y- FOOTWEAR ll¥DUSTRY TRUST
REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 JANUARY 2024
(CONfJNV£D)
Tb¢ EXec￿1ve Committse has the pleasurr of preseniillB IL¥ annuol r¢port 8nd fman¢iil siai¢meots for the yw ¢nded 31
2024.
Structur& governlng mattagtmeryl
The Ch￿lty is 8ovemed by the CoostiluuoJJ, as #dopted OD 14 FebNgry 2￿2, and its afftirs sr¢ wider the control or
Ex¢¢utivc CottJ2tiil(¢e. The consti¢Ution amended and app¥oval at the AGM held OD 22 October 2020 ¢0 allow for Virti￿1
rn¢etings in fyture. A Special rtsoIution was PAssed b¢fore the m¢¢tiDg to allow Tn￿le<s to P8rticipatt io the mcctillg whi¢h
sppmved the 2mendmell¢ VIA Zoom.
The F4¢¢utive Committee should co￿$1$1 of￿11￿ than seven ol more thao twelit made up &$ follovJ5."
•) the Pwid¢ni-
b) the Chairman:
cl the Honorary Thos￿er.
d) not le55 thaa Cour and Not more than nÈne membets ¢l¢c4ed at thr Annual GenerBI MccliDg who shall bold offl¢e from th¢
conclusion of that me¢tii
The Executive CDrnmilt¢e may in addition 4)point llot rnorc three Covoptrd membBrs. Eacb appDinTincnt of a COpOPted
membershAII b¢ made aL4 rneeiins of the Execulive Committee. The Exe¢uuve CDJnmiueenFAy le￿1￿8* the rnentheJ5hip aF8
manbcr a¢ any ordiw
Members of thr Executive Committ¢¢ are Trustrcs of the charity. The Chairmkn and p￿SId￿t respor￿1b]C for th¢
appointmcnt of ]J¢w T￿St¢t% Thc aim is to en$w¢ a broad miK of skill4 experith¢e aRd ba¢kgrowids cn thc committee. Wh¢n
Var￿¢Y arises s discussion is held with the current Trn$t￿5 th id¢ntify individuals in the tradc known to have ap intcreat i
thr charity wbo are then approach¢d to confirm thcir ivillingnc&s to bccomt iDvolv¢d. They are invired ¢0 att￿d thc next AQM
to gaiD a btttCrUnderst￿di￿B of how the charity opcrntes befor¢ a final de¢i$ion 15 made.
The Pr¢sidcAt of th¢ So¢ieLy 18 dEc*d every yeBf5 by resolution 21 tht Armual General Meeting of the Society.
All the el¢ctcd membcrs of th¢ Exccuttv¢ Committee shall rrfirc from offiGc togcthcr at th¢ ¢od of th¢ next Annu￿ fjujml
Meetitigafter the d4k on whi¢h they came to offJ¢¢ but th¢y may bc r¢-el¢Gtd.
Thc proceedittgs of the Ex¢¢wiv2 Committee sholl be iJMlido*d by 4uy va¢ancy their n￿ber or by ony foilure
appO￿t orany dcfect in th¢ appoiniTn¢nLor qu$lification of8 member.
Rlsk maMa8eDieiit
The Executiv¢ Commiiie¢ have assessed th¢ mBjor risks to which the charity ig ¢xpos&L in particutar those reiatrd ￿ th
opeT81ions attd fjnallces of tb¢ Society. And ore sktisficd tht the SyS*ms are in plftce to ¢nitigJle our expowre to th¢Jse risks.
The maim risk tr) th¢ SoGiw 15 eDnsidcred ￿ be the polenlial loss in th¢ valu¢ of i#vcs(ments. An Inves(mrn¢ Co￿littl h&8
been s¢t up to conlrol this risk.
ObJ¢thes aTrd atdvltl
The Sori¢¢y 15 a r¢gis*rcd chariiy whos¢ Dbjeci is Its r¢li¢v¢ in ¢#5￿ ofn¢cd. hardship ordistr¢84 pw3otys tho arc or have be¢n
eng￿ed in the footwear tr8d4 their widow5. widowm and othcr dcpendants. Grants are only paid io su¢h persons swh
Cininistsnces.
The So¢i¢ty sceks w improv¢ the quality of life of bts b¢n¢ficiari¢s by the proMsioD of financial a5sistsn¢¢ in th¢ ofwants.
Jn rcviewing the aims and obicclives orth¢ Society and in p12nning fumrc a¢tiviti¢5 thc Executive Committ¢c have rcfcrrcd to
thc 8uithcc issued by the Charity CommT55iOn on public bcn¢fiL Thc Soci¢ty is wnstanuy lookin8 ¢0 in¢r¢as¢ the n￿ber of
b¢nefi¢iaric5 it suppons.

THE FOOTWEAR BENEVOLENT socirrY- FOOTWEAR fNDUSTRY TRUST
REPORT OF THE EXECUTIVE cOMMI￿EE FOR THE YEAR ENDED 31 JANiIARY 2024
(CO￿lNuED)
Aehlev¢Me4tS And p¢rforniAn¢c
In April we laU￿h¢d th¢ new opEraling name for our charity, Foohvear Industy Tru8l repl3ciJiB Footwesr Frields which we
have bccn usiog for th¢ lost 20 ycart Along with A new n8m¢ we h8v¢ a new wcb51t¢. www.fooiweaThndustrytrustor& slld Bn
enhalleed so¢iai medt& presettce OTh fostsgraDK Facebook LitikedIll and TwittertX]. Tr llim of ournew name is to tnh#Trce and
extend the knowledge of the charity withiD the footwear ittdu8ty th ¢nsure that we cttn tap into the everrfhart8108 Channels or
distribulion rather than jusi tlic trathiÉonai sector5 Ot'the Ind￿ty thai have tiisiorir&llyprovided the support and fvnthng foroltr
activitie& Over our 18&year history we b&ve ts5ed several Dperaiing nan￿5 but th¢ ov¢Thath"ng principles bchind oyr 2cr1vi￿eS
have 8lwty5 rernained the same: we ¢tMieavour w provide aSSi$tsll¢¢ ￿ Individ￿1$ who have worked within the fotstwear trade.
often for a lifetime who, for wlio(ever rwon. hove lallcn on h¥d times. Its 2023124 we have belped 164 individuals with &
¢ombinauoJTr of one•oIT BranL8 and atwutty pkymeDts and ar¢ incrwitigly Seeing 8ppl¢raiion5 from the secior of the
&% ￿9￿Ur&¢￿tylng hss deelrtied. The tscw web5i* JMS l¢d io ￿ tty¢r¢Hse ID th¢ munber of eoqvitiC5 for a55islance but
unfortut*aEcly matsy of thesc ¢nqlliii¢s do not fit thc charity's Mnit.
I reporf¢d last year that the Inlernaiional GDlf Cbampitrnship ofthe Shoc. Leath¢r, •Trd AIILEd Trades hwd decided to closc after
th¢ 7Y TournwncnL the resuli of declilliug inleresi and sponsorship bul we con(inued lo benefii from this 4diviiy as the
op¢rdUttB cOn￿ittee dEcided io don41¢ all the fimds raised from the clos￿ ofthe charity, £12.331. to th¢ Footwcar Industy
Tn￿t. A gencrolls aud mucb appr¢¢iatcd contribution ivhi¢h he5pcd our fiJDdinK entsmiously and b¢lpcd Vdisc our total apptsl
Bdittg lo nearly £72.0(10. Othersignificats¢ conmlmrtors to this figu￿ wcrc thc Dr Fowjdatioll v/hosc £20,000 enabled
US lo continue the Christhias bonu5 payment lo benefi¢iaries. Micro Pal £7,500. The Rubttj ChAritablc Follnd2lftDll £fj 000.
the Drnpers Awards and Chrisunas Greetin8 iujtiatsve £6,700, Tbc C & J Clotk Ltd Employ¢¢s 1922 Tru5L £4,000, Thc Liiakc
Brothers Limited BencvolcntFund £ 3,520, Ttmp50n's £lJOD and the f￿14s11¢ cffort Of0￿ of oyr TnE5rees, Mark Jtffery* who
compl¢t¢d the Great North Run and rniscd ovcr £3.000 for the eharity.
We vme al￿ gratefvl fDr coJ)tributions from the Livery Comp8nics a$50¢iatcd closdy wtth the footwcar tradq Th¢
Wor5hipfiJI CompaThy of httenmaker4 and Tbc Wor5hbpfvI Company of Cordwain¢L¥ and for the many hour5 sp￿1 by our
secretsry. Gabi O'sullivatt ¢rothciing Gnomes as Chris(mas gifts.
With the deMi5e r*f the Golf Chompionshi￿ we 8re a¢iivety lookiog AL other ways of r9ising fvrtds as to con11m￿ the current
Icvel of SUPPOEt for our bcnefictarics means th&L mofe money needs to be raised.
IDcomc from invc51TnenL£ w&s cnwurngin8. ¢x¢¢¢diDg £64.000, although receot volytility in th¢ Stock alld Prop¢rtynJarkets
Iw led ￿ 4 Emall decline in Ik asseLvilue of t1￿¢ iRvuiments.
There have b¢¢n no ehBnBes lo th¢ me]nbership of the Executive CommittE¢ during the year and I would likc ￿ thank all th¢
Trustees for thetr vAluable contribution to OLLr discussions. Fwlly. we woutd 811 like lo thauk Gabi for her enthusi8stTr, 5uppori
for ow bcncficiaries atld for de￿Ing with the iDcreasisJg nurnbcrof applicalioTrs we 41¢ r¢¢¢iving for ￿51S{anCe attd ill Addition
th3nk onc of our TnLStee4 Justin Mor8￿ for bis ski]J tsmdio¢ss in baDdtiti8 th¢ nwneroths applications we r¢¢eive.
FJnÈDtlo1 revlew
Th¢ resultÈ for the year. th¢ financial position of th¢ charity 8nd th¢ ty4DsfertOTesttv¢s are shown in the ann¢xeil accounts.
R￿SCr¥c5 polley
It is th¢ view orth¢ Ex¢clltiv¢ Committe¢ that calls on th¢ Socicty's )Iwds will conunu¢ to incrc45e over the y¢aLS ab¢ad in
particulir due to Att ogeiTh8 popul&tiim.
Frtt T¢5eryes (unr¢stricted filtsds) represent the workiDg capi￿[ of the Ch￿lty, av8ilable lo thjpport short and medium ttmi plans
lo meei thc objtclivcs of the Society. The Execulive Csimmiuee crmsidEf5 the fixed asscts to be lottg tcnn capi¥l. ¢0 safeguud
against un¢xpwtd decreoscs in incomc orinErcasB5 in expendiwT¢.
Jtt the opinion of ¢he tru8iee4 all restrv&s are w￿¢Striderf fimds whith $taDds8t £J.263,82012023.. £1.334,882J

THE FOOTWEAR BENEVOLENT SOCIETY-FOOTWEAR INDUSTRY TRUST
REPORT OF THE EXECUTIVE COlkfMIITEE FOR THE YEAR ENDED 31 JANUARY 21124
{CONTINUED)
IwcstmtDt Powers
The Executive Commtttee sh￿1 havc unrcstrictcd pow¢r to inv￿¢ th¢ monic5 of the Society at th¢ir thsefttiom in 4Dy
inv¢51mcthts of whatsoever nAtsJrc and whercver they may d¢termine Including the purchase of prop¢ty wh¢ther rnovtable
or immovable.
Th¢ Cornmitt¢¢ sh411 have th¢ wir￿trIcted pow¢r of Changing invE5knents from (Em¢ to tim¢ afid shall havc. ID respcct of a
immovable property. utUC8trictcd poweFS of dispositioty, motsagem¢n4 repair building d¢v¢lopmeni. ¢quipmEiIL fiullishiDg and
impTovemeTht and tnay, it* tbal bchftlf make any outlay out of the motsic5 of th¢ So¢i¢ty. Any or all of those powers may E¢
d&e88t￿ io Ett Inv¢$th￿Trt Committ
Thc policy for ittvcstments 1$ to maintairy thc vniuc of thc iDVC5kn¢nt portfolio and to rc4lis¢ 4 modest ineomc wtlh millimum
risk. All irtV￿r￿ts ar¢ hdd in uni¢s specifi¢ally dr5Fwd forch4Titablc invesimeTh4 whith m¢¢tthc ofihe policy.
Speclfl¢ restrlEttons
All monies rcceived by the Soci¢iy (unless specific811y direeL¢d ts be applied in any panicular way) atyi the interest OD
iovc%lmcDts, and wbere necessdry any part of the upit*l tlttrcof. sboll br Bpplied in ¢BrryEn8 on the obj¢¢ts of the Society itt
accordance with the Consti¢lliion.
JttsuraD¢e
The ¢barity has indcmnity insulaT￿¢ in plate lo cover the Itability of the Execytiv¢ Committcc member5 forw liabklirythat
may attach to th¢m in rcspect of tsegll8c￿t. dcfwlt orbrcacFL of tru51 or breach of duty ofwhich they may bcguilty in relation
to thc Association. The costof the insuranc¢ is iticluded iti gov¢rnan¢e ¢osts. £76 (2023- £458}.

THE FOOTIVEAR BEfqEVOLENT SOCIETY-FOOTWEAR II¥DUSTRY TRUST
REPORT OF THE EXECUTIVE COMMTfTEE FOR THE YEAR ENDED 31 JANUARY 2024
(CONfll¥UED)
ReBpo•slblMlles of (he Exewtlwe Commlétee
The Tnjstees ar¢ r¢spoL%ibl¢ for pieparing the Trust¢¢s' Annual Rcport and the fittguciHi sitttcments in &KO￿An¢t with
applicttbl¢18walld United Kingdoro AecouniiThE Srandwrds(United Kingdom Generally A￿¢pIed Accouuting Pr4¢1i¢e).
The low applicable to cFtariii¢s in Eugland alld Walc5 rcquire5 the Tntstecs w prcp#r¢ fthao¢ial stthents tor ¢oth fjnancial
Y￿ which 8ivc a (rne ottd feir VAew of the stA* of affairs of the Ch￿lty 8Nd of their incoming resouw ond applicBtion of
rc50urces of ttje clwity for that p￿10&
Ill prepar1￿8 thes¢ finattcial Sth¢ements, ¢he TnJst¢es &reTeqwred to:
5clcct suitable 2c￿ll￿ting po17¢i¢$ thm apply them consis¢ently-
ob8crv¢ th¢ mcthod$ 8nd prin¢iplcs in the Clwtties SORP2019 (FRS 102%.
mak¢ judgcments end e5timat¢s that sre r¢Hgonabl¢ and prudenL
$rai¢ wheth¢r Bpplic&ble accounLÉng st8ttd2rds bHve he¢n follorf subject t(J any tryHi¢ri81 deparbjres dixlose<l
¢xplaitrtd in the fjnancial 5ratemrn
prepar¢ the fLt)an¢ial stakments on thc 80iD8 concettt basi5 uoless it is ioappropriate to prtsume ththt the cltarity will
continu¢ itt operntio
Th¢ TN5t¢e5 are r¢spousible for k¢cping propcr accDUtstittB rfcords that disrlosg with rcasonable *¢urary at 8tLy lime th¢
rLnaEL¢ial p05itioll of the charity aRd eD2blE tbcrn to ensur¢ that the financial statements complywitb th¢ Charities Act 2011, the
Cbsrity (Accounts and Reports) Rcgulations 2008 a]]d Ibe provisiow of th¢ Consiitution. ThEy are also responsibl¢ for
$of¢guarding the assets of lh¢ Gbarity and hcnce for tsking r￿sonab]r stCP5 for the prtventiott ￿[1 d¢tcction of fraud and oth¢r
iwlariEFes.
Approved by the Exetthe Commlttee slyi¢d on bth&lfoftht Exgcutlve CoTomltte¢ DTt jK>n¢
D.RLockyer.............. .......... ................................... (Chairn18n)
M. CollizL5
(Honotary Tre￿￿re1)

THE FOOTWEAR BENEVOLENT SOCIETY- FOOTWEAR INDUSTRY TRUST
LNDEPENDE]YT EXAMINERS. REPORT
TO THE EXECtrrryE COMMIThEE OF THE FOOTWEAR BENEVOLENT SOCIETY
llldcp¢ndcttt ￿8￿15n¢r,s rep•rtto thtTN$icts of The FootwtHT BeDtvoltht Soclety-Foo¢we4r Frknds
l zeport ro th¢ Cbatity truste￿ on my examiDation of the of the ¢haTity for the yeor 31 Jthuary 2024 whieh Ire
on pages 7 to 18.
ReJp)nilblllties and ofreport
As th¢ ¢barity's tywsttes of thc Tryst you are rcspoJsknl¢ for thE preparation ot th¢ in accord4nG¢ with thc
TequtreEncnts of th¢ ChaTitieskn 2011 {'thc A¢t').
J rcport itt Tweet of my ￿Min￿[Dry of the Tnjst's a¢¢ow earyied und¢r scclion 145 of th¢ 201 l Acr and in c8rying out
my examTrtiHtion I b4v¢ followed all the applicable DireaiotL8 givm by the Cbariry CommisstDn s¢¢lion 145(5)(b) of
ACL
Indcpendent eJamltstT sfjts¢ern￿t
I bavE compl¢trd my examination. l ¢onfirni th&t nD material mattets have ¢ome ¢0 my 311cntion in cow)ection with the
Examioalion givtng me ￿￿Se kn beli¢ve thal in any mdtrrial respe¢L'
8e¢(KwtÈng records were Doikept in r¢spcct of theTtustas requircd by ￿¢t10￿ 130 of thcAc4' or
the ae¢owJts do llol a￿ord with those r¢cord4 or
the ar¢oullts do not comply with thc appli¢3ble requtrenwnts concerning the fonn and ccotcnt of acwunts set out ID th¢
Charities {AcrouTtts and Rcports) R¢gulatsoDs 2008 othct thaD *]y rquiremcnt that the 3ccUutt￿ Bivc 8 'ure and fair
vi¢w' whi¢h is not a matt¢r coDsid¢td &5 partof an indemdellieKemination.
I have Do conccrns and have come ?¢rosS Tto oth¢r m8tt¢ts ill cotm¢ction with thc ¢xamillaliun to which attettlion should i
drawn in Ibis report in order to enable a proper understaDdia8 ofthe accounts to be readj
EII¥Abtth Newdl BA IHotss) FCA
MHA
CbÈrteredA¢countsnts
Milton Keynes
Dale: .1¢. ￿'É a)2. W .

THE FOOTWEAR BENEVOLENT socIrrY-FOOTWEAR INDUSTRY TRUST
STATEMENf OF FINANCIAL ACTIVITILS FOR THE YEAR EIWED 31 JANUARY 2024
tr
Totsl
2024
Tothl
ZOZ3
In¢¢pm(ug Rtsoortej
Jtsations gndlrEUCi¢S
Aclivitie5 fDrgcn¢raii*s r￿d&
TnVrsb*en¢1￿¢QrnC
Trh¢rop¢ra(ing ineojn
50.194
2A539
75.425
42273
14,443
61.6S6
118.372
pthdllDr¢
Costs olt8lJth% fund¥
FuDth¥isin&¢osts
ExpEoditw* th2titllble a¢tivi*
fjovemBn¢erosts
16.884
103h31
19.587
9551
97249
13.348
Tot41 ewendlturt
Ntl Sutom1#￿{0ll*g￿trR) rnourc¢s b¢foTeyllliandJo¥se4 OR
11256
(1,776)
on Iw¢strrteot6
Urw¢alis¢d Oo&%ygDiD on inv¢sttn¢n¢8sscIs
{71,062)
176.é97)
To141 fiutd5 bro￿8￿1 fonv8￿￿ i F¢bru8ry2023
1.411.$79
TotRI funds<*rrkd forwATd•t31 JAllll8ry 2024
1.263.820
l J34J82
The onpages 10 10 18 fo￿ wi of th¢sr r5h￿GI8i Ststsm¢Jts.

THE FOOTWEAR BENEVOLENT SOCIETY- FOOTWEAR INDUSTRY TRUST
INCOME AiYD EXPEIYDITURE ACCOUNT FOR TBE YEAR EIYDED 31 JANUARY 2024
1023
NrtfiJndr8issttB¢veDts
DonA¢ions End Employe¢Collecttons
Gift Aid and Deeth of eovenlnt (neil
cotDe from Ittv¢stmMts
tnt¢rtst-B3Lk D4p05it5
o(heryrntin8 income
2(539
49.846
14.443
42.072
73,695
1.730
loo
61.113
533
41
152,158
118J72
rJi5burs¢ments wbcnBfia4ri¢5
Admitiistrarion expenses
CosL8Arisingfrom mthetin& and
nrwwcb5it¢
183.735)
130.6961
125.471)
183*05)
127.181)
{9362)
{139.902)
1120.148)
L4ss oll disp)5d of illv¢skn¢nts
SuryJlu￿deffi£1t (ran5ftrred to
gEueral actymulat¢d fnDd
256
1.776
G¢D¢r¥l 8ccumuloted fund
Byknceat l FebN4ry 2023
Tr*Lsfer from & expellililureac¢o
(D¢(sr￿Y1nty¢￿ ill mBrke¢ v￿u[ of listcd
invcslments at31 Jamury 2024
1.334
12256
18J.3)8)
1.411 J79
(1.7761
174,921)
£1
This Exp¢lldip￿¢ Accoulltdoes not form pRrt of thc slftDJtory a¢¢ounis bui is a of iDfornwtion d¢rived
from the stat￿mI of Financial Activili¢s op pag¢ 7 of these accouot&
This Tncorne atkd ExpenditytseAcCoL￿1 sbow5 incorne nct of cosf8 for fi￿￿raiSIng evetsw vknith is dorumented in note 3 of
thc5e Accounts.
The notes on p48¢5 10 18 fom part of these fintttcial stakmerts.

THE FOOTWEAR BENEVOLENT SOCIETY- Fo(yfWE￿ INDUSTRY TRUST
BALANCE SHEET-31 JAIYUARY 2024
2024
FSx¢d knets
T8ngiW¢ assEts
lttvtstmett
12
13
2,058
2.497
1252 856
,255,353
1.171 J96
Assets
Debknts
Cush •Lbank - depl￿11 ￿CoWIts
- ¢UfT¢nt arc4)unts
14
21,Slf
.939
12.187
70,430
92
8S.709
97.944
CredttoJ¥: f¥ifiag due wlthlD one year
Cr¢dirors
15
NEI currtnt
79
29
14¢¢ assets
£1263 82[
Fllnds
22
UMestslc*d
£1263 820
£1
Approvd by &Thl signed on bthalf of the Kx¢c￿1vc Collunitt¢¢ on knrlx
M.Collitts
{HoAornry TreBsurerl
{Chaim8n)
ThcnotCB on pag¢s 10 lo 18 forni PBrt of thcs¢ fin4nrral stsiemerbt&

THE FOOTWEAR BENEVOLENT SOCIETY- FOOTWEAR INDUSTRY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
l. A¢coryntlng Pollde6
la) BHsls of prtp8rallon
The flhan¢ial st&tem¢nts havc been P￿palcd undw thc hisiorical cost eonvention. wilh the excepiion of invcsuncnts.
which are included at mark¢i value. The financial statem¢nis huvc b¢¢Tr prepar￿1 in ac¢ottiatt¢¢ wilh ihe requir¢m¢nrs
of Acc¢Jynting and R¢porting by Cliarilies: Statcmenl of R￿0￿mendEd Practice appliGabl¢ to ¢hariii¢s pr¢paring th¢ir
aEGouThlS in accoTdanc¢ with thc Financial Rgporting Slandard applicable in thc UK and RcpubliG of ITcland {FRS 102)
(ChaTiire$ SORP FRS 102). with th¢ Charities Act 2011 and applic•bl¢ rwla¢iOttS.
The fi￿1￿¢14[ Slatcments ar¢ pttsgntcd tn £swling. the fvM¢tional CUTf¢ncyi TD￿dEd ￿ th¢ ncares( £1.
Ib) re¢ognltton
All irtconic rc50UTCtt inGlvdiDg donaiions that Provide tOTe funding OT aTe ¢Jf a g￿rr4E naiiirc ar¢ r¢Gowbi$ed wh¢Tf
there is etLtitlem¢a4 probability of r￿¢¢p¢O0￿ the 8moun¢ bc mell5u￿ with Sufficient rcliability.
Incoming resources from kn reclaims are iD¢lud¢d tn the Sthtemcnt of FtD#n¢ial A¢tsvi¢ies at the same tim¢ as the gift
to wtLt¢h they r¢ld*.
Jncoming resour¢cs from fvndraisiDg aclivitiC5 arc included in the Statement of Financial ActivitiE5. Wbere Such
cotll¢ hlls rclatrd cxpelldimyc. th¢ incoming re50urccs 8nd relaied ¢x￿din￿¢ are reponcd gross ill the Ststcmcnt of
Aciivitics. Su¢b i#¢omo is only derc￿ed where iD¢ome is Ye¢eived prior to th¢ year in wbich an ¢v¢nt tak¢s
place.
InvostsneTrt incNne 1$ re¢ogni8cd in ihe finan¢ial $talemCn￿ on an a¢¢ru&ls bASiS. any r¢alised and ynr¢aliKd 8ains or
losse$ on the tnveslments arc llldud￿ in ¢bc Slatcm¢nt of Financial ActiYitie5.
(c) Expenditllry reMgDItIo
All expendiLur¢ is arrounted for on an a¢¢nJals bosis wh¢rt theft is A legal or ¢[￿¢tiVe obligAtion ¢ommitriog th¢
¢h8tiiy for thai expenditure and has been classificd under headin8s thaE 288re8Ste all costs relAling lo the ￿e￿Ory.
wt*ert Costs C8JULOt be directjy attributed to particular ljeadinw they Itave beett glloca*d lo activities ott a btsis
ot161$1¢n¢ with tbe use ofthe resources.
Cost of r4isinB fullds illcludes funthaising costs and inv¢stsnenimznagemenl c05t&
Charitsble acuviiies ÈDdude expcrsditwe which is in¢urted in furtheraDce of the charity's objcclivek This irt¢lud¢5
8rants lo benefJci2rie$ which are a¢counl¢d for wben they 4r¢ payable. Th¢ Moufi¢ation th die recipieni provides
rc4sonabl¢ cxpectation that they will receive a granL For all 'oDe orr granrs Dot payablc by th¢ y¢ar-¢n4L ¢onsid¢r4titMJ
15 givcn ￿ the provisions of FRS102 and wh¢ther the grants will be paid in th¢ fgture. Provisions and disclosures a
then ￿adC a5 Dcecssary.
Ggv¢rnall¢¢ ¢osts include th¢ ¢osts of prcparnuon of statutory KCOUtLt4 thc GDSts of Tn￿¢¢¢ n7¢Etin8s and ¢05ts in
cottllrctiim with the administr4ti0n of the charily and all other con5tibJtional matsers. Support G05ts in¢lud¢ E¢ntral
function5 ond hBve bccD allocated to activity co$t ¢￿￿orIES on i basys ¢on5i5tcntwtth th¢ use ofv¢s0￿C%
io

THE FOOTWEAR BENEVOLENT socirrY_FOOTWEAR INDUSTRY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
(coiYrINUED)
l. A¢¢oukthig Pollde5 (¢otitinued)
(d) Irrecoveralth VAT
As the cliariry is noi itgisiered for value added t&Y IVAT). all iThput VAT iucufftd ott eKpeoses is irrecoiEr£ble.
Amoullts ID thc stst¢rn￿t of Financial Activitics ar¢ thcr¢for¢$howM gross of VAT.
(O OptrArfng legSÈ5
Rea￿15 applicable ts) op￿aling le￿S are char8ed ￿ the StR*meni of FiDanctal A¢iiviUc5 tstt 8 sirwht4ine bB5i5 over
the pcriod in which the cost is incurred.
) Tanglble ffted 855ets and depreclatlon
Tattgibl¢ fixed ￿ets ¢osttng mor¢ than £IOD rapiraJt5ed a*d arc statcd a¢ cosi Icss dw￿latiO￿. Dcprccrdtion is
provided at raw calculated w wri(e off the cost of each assrf ovcr its expcctcd usefol lifo. ￿S follows..
Fixwre4 filtiogs aDd equipment IS% per8miLYn of n¢L book value
Th¢ ¢aTrying values rf tangible fixtd asxls arc rrvicwcd for impatrnient whrn m¢nL% or cbaDBfS in ¢WallDsiarices
iudicate thc eanyxtEg valuc may not bc recovcr8blc. Impalm￿nt 105SC5 are rcport£d in the Statcmcnt of Fioancial
]vii￿ as ¢xc¢5s dcpreciation chary¢$.
} Env¢5¢mety(I
tnvestsJ]¢nts initially rccognised at the ¢rnnsa¢tioh ¢05L Thcy are subsequcDtly stst¢a its th¢ fin3tL¢ial 5tht¢JneDts al
their rnarkel v8lye on the balatice sheet date using the closing quoted markel price. All changes in value the year.
whetherrealis¢d ormwealis¢d. gft reported in the Stlliem¢ntofFitJaDcial Ac(ivitie
The chakity do¢s not acquire ¢ornplex f￿a￿la1 lastr￿Me0
11) Fl49ne1￿
The Chuity onty h&s financiAI assets and f￿ancIal liabilities of x kiDd thai walify a5 basic financi41 Enstnllll￿ts. Basic
fin2rtti￿ instrnm&JLS aff iniiially re¢ogtsis¢d at bynsa¢iion vBlue Attd subsequwlly measured a their seiticmrujt vakne
with the exception of bank loans whh¢b are 67Jbscquently nie8wr¢d ai omoriis¢d cost using th¢ ef(ective intere5l
rnethod.
U) Deb¢or8
Trade and otbcr debknrs 8r¢ rccognised ai the setdemeni 8mouni after any trade discouni offered Prepaym¢nrs Are
V8luedai the amoun¢ prepAid nei of trndcdiscowiL% due.
(k) Llabllllles and provlsloths
Ltabilitics are reco8nis¢d when the￿ is an obligAliOll at the Balance Sheet 8 r¢suiiof o past evenL it is probAb
thal a transf￿ of ccoTromic bcncfit Mrill be Tequircd in settlemEn4 and the amoun¢ orth¢ Srttl￿CnI can be ¢rtimated
reliably. Liabiliiies ar¢ rccogniscd ￿ thc Rmourkt thHt thc Charity anticipatrs il wll pay to s¢ttl¢ th¢ d¢bi OT the amount
1¢ hats Teccivcd as advanced pJym¢nts for thc Boods OT SCTVi¢¢S li musi PTDMdE. PTOViSiOnS arc mca5UTed ￿ the best
¢Slimutc of the Lmounts ¥cqUi￿d ￿ scttFc Ihc oblig&iion. Wlw¢ ¢h¢ cffcct ofthc time value of Money is maiemal. thc
provision is bascd OD the prcs¢nT valuc of thosc amounts, dI￿OU￿tcd at the prc-tu disco￿11 ratc that reflects the iisks
sp¢rific to the liabiliiy. Tlic unwinding of the disco￿1 Is reco8nis¢d wthin Ént¢TCSI payable and SiTnilar GhaTgc&

THE FOOTWEAR BENEVOLENT SOCIETY- FOOTWEAR INDUSTRY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EfADED 31 JANUARY 2024
(coNriNUED)
Ol) Fullds structure
Thc Gcn¢ro1 Fwtd 15 att uor¢8tyiacd fund. whÉch may be used by the Executi￿ sn any way dc$1￿¢￿
mcei Ihe ¢harity's obitttiv¢s.
The E%t￿tive Committee may mak¢ such trnjsfets from unrestrietcd fimds to any fvnd typ¢ a5 tlw Consider
e¢cssory to aidwith the nwiin8 and thc fjjture prospects of thc chuity.
(I) TAX
The chatity is an cxempt tharity wilbin thc meaning of S¢hcthJlc J of tht Charities Art 2011 •]d ts cDnsidcred to P95S
the tests sel oui in Parn8rnph I Schedul¢ 6 Fin￿¢¢ Act 2010 and meets the defmstÈon of a chariwbl¢ compony for UK
corporatioo ¢#x putposes.
(m) Pell￿0￿ costs
The charity opcrntes a defitted coouibutiotE pension sch¢tnc for ats employee& ExpcDseE are reCo￿lS¢d in ¢he
Staleme￿¢ of Fillancial Activttie$ 05 the coDtril)utions fAII dur.
(n) GoY¢rnmMt gT4nts
The fjrwjts arc accounied tsnder th¢ accTuals modcl ￿ pet￿Itted by FPS 101 Grants rdating to exp¢ndiwr¢ on
tan￿ble fixed ar¢ crcdited to th¢ Sratement of Finan¢ial ActivitiC5 at the Same ra* 83 thc d¢pr¢xiation on the
¢ts whtcFA the grani rela￿. Th¢ ddeEted elernent of b$ includcd in cteditors 85 deferred incrffim
Gwts of a reve￿￿# nature are rccogDised ill the Statemettt of Fill8n¢ial ActivtiÉe5 ID the same Pfxiod a% th¢ r¢l4t¢d
expendi(ure.
J2

THE FOOTWEAR BENEVOLENT SOCIETY~ FOOTWEAR INDUSTRY TRUST
NOTES TO THE FINANCIAL sTATE1￿lENTs FOR THE YEAR ENDED 31 JAIYUARY 2024
(CONfiNUED)
L Voluntary kncome
2117A
2023
Doxations
Other
COV¥￿ts￿nd Eiftaid
49.846
loo
42.072
41
160
73
42
A¢ihltle5 for generaOBE fvnds
Futtdi
NEt
Tn¢oTTh
fund5
FO0￿c￿rFricnd5 eveThi
GolfDays
Othcr fi￿d￿ls1￿8 evtnts
12JJl
12331
14
08
45J9
<6￿1)
26J39
Stsff costs Inott 111
ltroptycxpen5es
Supponcos
Fw>tha1￿nBCOSts
(6.0611
18.7231
(&723)
2023
Nel
Ge￿rIf¢d
fumd8
FooNegs Frie*ds evEnl
Golf Day8
OtheT funthHisinB ev￿ts
4,000
4.000
10.443
Staff eosLs (Trotc 111
Propmy ¢xpcnse
SllpportCOSL
FundrnisFngc(Trsts
15,705)
(J.705)
13.8461
(3.846)
4.892
lDveJtment Sntome
2024
Dividcttd income
84Trk inttre51
73.695
61,123
533
75.425
S. Other operAthig Ineomc
2024
JObrEicTh￿on sthrnc lloverwngn¢8rnni
CovidsUPP)rtgrllni
13

THE FOOTWEAR BENEVOL￿ SOCIETY- FOOTWEAR INDUSTRY TRUST
IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
(coNriNUED)
& Ckorltsbk a¢tlvitl
2024
Rellefof neEd, bardthlp dlstress:
Orants iobeneficiawies (not¢
Staff eosLS {oote ill
83.73$
8,081
Support¢
7. Grant5 to bene(Idarl
2024
Hlljf Yvr]yAi[owa￿r
DEcembtrBoJws GThnts
CordwauLerE CTrDts
M[￿-y￿ GranTs
c￿lst￿&8 Grants
Oneoff GrdDts
Holithy GrBnL8
21,420
&640
2.orAI
19.Q85
18590
i&ooo
17.780
6.640
2.IKIO
20.810
20.190
605
The totsl number ofb¢n¢ficiaric8 as$islcd in the ycarvd5 16512023- 166).
All grants wcre pgid to individuals to relieve cases ofnee4 hardship and distress.
& Governon¢e ¢osts
2024
2013
Staffcusts{noie I l)
Property exgcD5es
Jod¢p¢odt*rEx4minotion Fre
AccouDranty
S￿pPOrt rosts
Depre¢iaiion
orrice4nd trud¢<s' indemnity i•sur¥N¢¢
61
5,705
3,790
520
1400
3.846
459
458
439
76
19
g. Trnsiee$ ￿￿￿￿er•I10
The monbersof the Executive CummiTr8ive frtety oftheirlln￿and fApertise.
DuriD8 th¢yt4r. the m¢DJbus ofthc ExecBttVEcorn￿Lt[¢eDr1tber￿yiY£d Lorwaivtd kny¢llJoluth¢Jts120J.£lldl
DurnK th¢ ye4r. th¢ mtrnbws ofthc Exe¢utiv¢ Commil*e recBivcd r¢imbwSEtythts of £nil for GXPTh)Sts UL rKrfornkiDg th¢ir
duiic412023. £wl).
14

THE FOOTWEAR BENEVOLENT SOCIETY-FOOTWEAR ￿DuSTRy TRUST
NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 JANUARY 2024
{CONllNUED)
11. Staifttssts
The avet3ge nunjbcr of P¢tsODS ¢oTrloyrd by th¢ ¢h•rity duriDg the year was I 12023- 11 The cmploy¢c wk5 part tity¢ hows and
provide$5upkxin setVL¢CS to th¢¢htsTitabic ¥tiviti¢sof thr Assoaaticqt and to
Th¢ PAYTOII co4sof person5wcrEas f￿[ow$.
2024
2025
Wag¢5 and sal￿1¢5
soci￿ security
P￿10￿
19.958
19533
425
391
The clwitycon5i¢JHs kry mall&￿1￿¢nIpVrt0nM¢l tOCDmPliS¢ thBtsU5t￿ asmcmbus of th¢Ex￿￿1￿ con￿lÉ¢¢¢. 7bctsu#¢es
rettiv¢dnoY￿Ullq¥0tionOI exp￿$￿$ in thc ye4r.
AllO￿tiOn of Slllff lime t5basedon th¢lime5p￿t ob wh adivity.£OSEsof r4isng funds £&06112023-LS.7051.¢h•i¢ableacriviries
£8118112023_£8.5151 ￿d￿0v￿qu¢e ¢vsts £6.&fj1 12023. £5.7051.
IL Ta¥lblellx¢dA#ets
Fl¥thr¢4
FJtllll85
EqulpmElIt
C051
Al l February2023
Adthttons
Aijl Janv8ry 2024
DEpreCIa￿On
At I fcbwory 2023
Char8t fortheyeHr
4.826
439
Al 31 J4nuwy 2024
Netmook VduE
A131 J•nuary 21n4
Al 3114Mw 2023
15

THE FOOTWEAR BENEVOLENT SOCtETY-FOOTWKAR INDUSTRY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
(coiYriNUED)
13. Flxed asa¢tlttvNtineLts
2011
M&tkntv￿￿c￿t l F¢bDJary2023
Additio
Disposojs
UJwe4ltssed 8dnlVos6)
1.251856
l J27,777
83
IB
Mark¢tv4lu¢ ai 31 Jts#uury 2024
1 169538
HisEoricd c￿¢ at31 2024
08
960
lthvesthients aualysed 8s.'
38
LleiAllJ of ￿tEd Invuun¢nts*
2024
V*lue
2011
E4uiti£s F￿d for Ch*iue8 Icjwifiwdl
Clwiti¢s Propw FllDd
552.9¥7
616551
38
588236
l iDvthmeTrL5 or¢tarried ai theirMa￿t( vthL¢ and￿¢tra￿l¢)￿ quotrd pubJi¢
IDve$tm¢nts onheld itl th¢ YDrtstric*d fjjnd.
Yearend mBrkei v￿U¢S areprovid¢d by thc invcsffiw kntdcr.
14. DebtQTS
2013
Prepxymcnts
AccnLEd incom¢
OUJerd¢bh)rs
39
21.361
122
Il5
160
l& Cr¢dl¢w8-artttsutrts fkWn¥ dlleivlthh yeat
2Q24
AtenJ&
Oth¢r¢rtdi¢ors
3,220
2.500
4QO
3.780
16

THE FOOTWEAR BENEVOLENT socirrY- FOOTWEAR INDUSTRY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
(COiYTtNUED)
A& cr￿1￿11-￿0￿llts lalkng du¢￿thkn om¢ year IconilnDed>
Drfened ltstoMÈ
D¢fetr¢d incomc or l Fthv*vy 2Q23
R¢sowt¢sdcfcrTcdduLID8 th¢ytar
AmottDts T¢l¢Hs¢d frothpTCViMS ycHrs
{1.280)
Dcfcncd in¢ome *r31 2024
Inotne which bca r¢c¢ived dutinE th¢ fllMttciBJ year wbich ￿¢8*1 kn •Trr th¢ ycor ¢nd dat¢ of 31 Jwjuary 2024 b&$ be
Te¢ognis¢d on the sbc¢tgsa¢f¢rred incomr.
l& Cost
Thr fNSt￿accl0ed (• th¢ followm8 ¢051spJit for property ¢xptsscs and chari¥bl¢supt•rt¢O8ts.
2024
20ZI
Pxoptttytosrs
Suppart¢os
29
AIItru¢¢on of prop¢ty ¢osts is basEd on lh¢ tim¢ sp¢nt using Ib¢ propczry tr ¢Bth activity. co$is ot r8isin8 fjjnd £nil 12023.. £tiill
chRtiiable aciivities£ttil12023= £utl) And8oV*nlln￿CosUErtIll2oz3= £4JiI).
Allpcaiiou ofsupport ¢OSts 15 bLSEd on the lime spcthi Using the supwt for e￿h activity, ofr&sin8 fynd £8.7I112Q3: £3,846k
c￿n￿ble a¢tiviiies £1 Iffjls (2011:£5.12914nd 8ovemDThcecLK%ts £8.711 (2023:£J.846).
J7. Prov151oll¥
At 31 Jllnwy 2023 the Ebarity had a8r¢¢d ID PAY fVtallin8 £1.500 (2022- £50J) d¢pendcni on Iltrther critcria bring rDEL It wa5
th¢opinion orth¢ E%cculivccomm￿￿& th4r thopos5ibility 0fthesE￿ants beiogpwd isprobthk.
18. Anstysls of net assets betWEen
T8nObl¢frA¢d
¥ssets
F4et current
•SiEts
bveth¢Nts
Totsj
Urw¢stric*d Ikmds
It68
1.169J38
91214
IJ63￿0
1.169J38
19. ContMllthgp#rty
The d￿rity i>jOULIJy COU￿￿edbY the Executive Committ¢¢.
17

THE FOOTWEAR BENEVOLENf SOCIETY- FOOTWEAR INDUSTRY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JAfquARY 2024
{co￿NuED)
2￿ Relat¢d pgrty trtsns8£tltsn$
VarioLs rnernbeKS of the Executive Conllniltee, and the orgattisations that they repTesen( made donations ro the chaTity
duriti8 th¢ ycar, or parttcipaicd in fiutdraisillg cvcttls 5pccifically forth¢ b¢n¢fii orth¢ charity.
Zl. OperAdAgLvdse Commltn*nts
At31 January 2024 thG charity had no lknture minimllrn leaE¢ payments llndcr nOn￿ancelIable Icascs payable
follows..
2024
20LI
Within oneyc4r
Withtty 2￿ y￿[$
22. hnds
All furth carried fonvatd arc unT¢stri¢te
18

LIST OF CONTRIBUTORS 202312024
We thank all those listed below and in addition all th(fft organisations and
individuals who have given under £ 250. We also appreciate that in addition to the
donations that are listed below many eompanies and individuals will have
contributed to other fundraising events held during the year. Our thanks go to all
these contributors.
DONATIONS BY COMPANIES AND ORGANISATIONS
OF £ 250 AND ABOVE
AiNair International Ltd.*
300.00 Rubin Foundation Ch8rit8ble Tnlst £ S,0Th).00
C & J ClaTk 1922 Employee Trnst
£ 4,250.00 SATRA
350.00
Dr Martens Foundation
£ 20.000.00 Seib¢l Ltd Jos¢f
500.00
E￿1 Fitzwilliam Trnst
£ I.000.00 Skechers USA Ltd
£ 1.500.00
JSA Chwity
£ I.000.00 Start-Rite Shoes Ltd
500.00
Jacobson Group, The
300.00
r￿e1Ved after year-¢nd
Jeffery-west Ltd.
300.00 T & A Footw¢ar Ltd.
Lilley Benevolent Trns( The
£ I.000.￿ TimpsonLt
Loake Brothers Limited Benevolent Fund £ 3,520.90 Wm L8mb Oroup
Marsh Footwear Ltd
250.00 Worship￿1 Company of
Micro-Pak Ltd
£ 7,500.00 Cordwainer4 The
Pentland Brands Plc.
250.00 WorshIpfi￿ Cotnpany of
Pattenmaker4 The
250.00
£ I.5￿.00
500.00
£ 1000.00
£ 1.500.00
r¢G¢iv¢d aft¢r year.end
FUNDRAISING EVENTS
Composite ChrAsttDas Card
Drapers Foolw¢8r Awards
GT¢at North Run
£ 4,500.00 Leicester Ra￿ Day
£ 2.779.96 London Shoe & L¢ath¢r Tr8des
£ 3,693.45 Golfmg SocTety
£ 368.43
£ 250.00
In Memory of
Michael Heron. MBE
£ 500.00