2026-01-31-accounts

Charity number: 222117

THE FOOTWEAR BENEVOLENT SOCIETY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

THE FOOTWEAR BENEVOLENT SOCIETY

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 6
Independent examiner's report	7 - 8
Statement of financial activities	9
Balance sheet	10
Notes to the financial statements	11 - 23

THE FOOTWEAR BENEVOLENT SOCIETY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2026

Trustees	D E Lockyer, Chairman
	M Collins, Honorary Treasurer
	T C Cooper
	H Jacobson
	M Jeffery
	P J Lamble, Representative of the Worshipful Company of Cordwainers
	J G F Morgan
	S O'Hare, Representative of the Worshipful Company of Pattenmakers
	S Reason
	R Shetliffe (resigned 13 January 2026)
	M Watson-Smith
Charity registered number 222117 Registered office c/o Griffin Accountants Courtenay House Pynes Hill Exeter EX2 5AZ Correspondence address Footwear Benevolent Society PO Box 77403 London SW9 1FG Trading name Footwear Industry Trust Accountants Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ Bankers NatWest Bank plc Croydon High Street (B) Branch 1 High Street Croydon CR9 1PO

Page 1

THE FOOTWEAR BENEVOLENT SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2026

The Trustees present their annual report together with the financial statements of the Charity for the 1 February 2025 to 31 January 2026.

The Charity also trades under the names Footwear Industry Trust.

Objectives and activities

a. Strategies for achieving objectives

The Society is a registered charity whose object is to relieve in cases of need, hardship or distress, persons who are or have been engaged in the footwear trade, their widows and other dependents. Grants are only paid to such persons under such circumstances.

The Society seeks to improve the quality of life of its beneficiaries by the provision of financial assistance in the form of grants. In reviewing the aims and objectives of the Society and in planning future activities the Executive Committee have referred to the guidance issued by the Charity Commission on public benefit. The Society is constantly looking to increase the number of beneficiaries it supports.

b. Risk management

The Executive Committee have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Society, and are satisfied that the systems are in place to mitigate our exposure to those risks. The main risk to the Society is considered to be the potential loss in value of investments. An Investment Committee has been set up to control this risk.

Achievements and performance

a. Main achievements of the Charity

Footwear Industry Trust Annual Report 2025/26 - Chairmans Report

I am pleased to report another encouraging year for the charity with a similar number of individuals helped as in previous years with grant payments totalling £71,695. Our year end finance balances, cash plus investments, stand at £1,444,335, £145,035 higher than at the end of last year, thanks to a good performance from our investments and a successful appeal to our supporters. It is also encouraging to report that the Dr Martens Foundation have agreed a three year funding arrangement with a contribution of £10,000 each year from 2025. This leaves our finances in a good position going forward.

It is sad to report the passing of some of our former Trustees, Janice Donaghue, who contributed significantly to our fundraising activities during her time as a Trustee and of two of our past Presidents, John Church and Gordon Smart who both contributed many years to the governance of the charity. In January 2026 we also had the resignation of Richard Shetliffe who has decided to leave his role as Chief Executive of the British Footwear Association.

Recent changes in financial legislation have meant that we are no longer able to use our PO Box address as our registered address. We have agreed with our independent account examiners, Griffin Chartered Accountants, to use their address as our registered address going forward. We are very appreciative of Griffin’s agreement to provide this service for the charity. Our PO Box remains in use for all correspondence.

Page 2

THE FOOTWEAR BENEVOLENT SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

Achievements and performance (continued)

We retain our close links with Drapers who continue to offer the Charity their charity partnership at the annual Footwear Awards Event with the opportunity to run a raffle for our funds and provide us with space in the magazine in the December issue for our company supporters to extend seasons greetings to their customers which remains a valuable fundraiser. I was personally unable to attend the event in 2025 and was grateful to one of our Trustees, Mike Watson-Smith who stepped into the breach at the last moment to represent the charity.

The close links we have with two other charities who provide assistance to employees and former employees in the footwear sector, The Clarks Family Trust and the Sears Company Trust continue and working between us we are often able to provide a higher level of assistance to those applicants who were employed by Clarks and Sears Group companies.

In an attempt to widen our supporter base and ensure we speak with a common voice we have been working to establish a set of bullet points which clearly describe who we are and what we do:

A long established footwear trade charity.

Run by experienced industry Trustees for the benefit of footwear trade current and former employees who need financial assistance.

Invite applications for help from all sectors of the trade.

Provide a speedy response to all applicants and immediate payment of support.

Provide bi-annual financial grants at Mid-Year and Christmas to all individuals on our regular beneficiaries list.

Make one off grants for specific purposes including the provision of white goods, house maintenance, mobility aids, funeral expenses and contributions to redundancy application costs.

All the income we receive from donations and fundraising events is paid to beneficiaries.

More than £1.4 million paid to beneficiaries in the last 20 years.

Supported by companies, Guild Companies, trade organisations and individuals connected with the industry.

As always we are indebted to the advice and support from our Trustees in running the charity and in particular the work done by Justin Morgan to promptly review and advise on all applications and our secretary Gabi O’Sullivan for communicating with all our applicants and beneficiaries and ensuring that all the necessary administration/financial control is completed accurately and in a timely fashion.

27/04/2026

D E Lockyer Chairman and Presiden t

Page 3

THE FOOTWEAR BENEVOLENT SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

Achievements and performance (continued)

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the view of the Executive Committee that calls on the Society’s funds will continue to increase over the years ahead in particular due to an ageing population.

Free reserves (unrestricted funds) represent the working capital of the charity, available to support short and medium term plans to meet the objectives of the Society. The Executive Committee considers the fixed assets to be long term capital, to safeguard against unexpected decreases in income or increases in expenditure.

In the opinion of the trustees, all reserves are unrestricted funds which stand at £1,457,770 (2025: 1,311,758).

c. Financial review

The Charity achieved a net surplus for the year ended 31 January 2026 of £24,850 (2025: Deficit of £7,735).

The balance held on unrestricted funds at 31 January 2026 was £1,457,770 (2025: £1,311,758).

Structure, governance and management

a. Constitution

The charity is governed by the Constitution, as adopted on 14 February 2002, and its affairs are under the control of an Executive Committee. The constitution was amended and approved at the AGM held on 22 October 2020 to allow for virtual meetings in the future. A special resolution was passed before the meeting to allow Trustees to participate in the meeting which approved the amendment via Zoom.

The Executive Committee should consist of not less than seven or more than twelve members made up as follows:

a) the President; b) the Chairman; c) the Honorary Treasurer;

d) not less than four and not more than nine members elected at the Annual General Meeting who shall hold office from the conclusion of that meeting.

The Executive Committee may in addition appoint nor more than three co-opted members. Each appointment of a co-opted member shall be made at a meeting of the Executive Committee. The Executive Committee may terminate the membership of a co-opted member at any ordinary meeting.

Page 4

THE FOOTWEAR BENEVOLENT SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

Structure, governance and management (continued)

Members of the Executive Committee are Trustees of the charity. The Chairman and President are responsible for the appointment of new Trustees. The aim is to ensure a broad mix of skills, experience and backgrounds on the committee. When a vacancy arises a discussion is held with the current Trustees to identify individuals in the trade known to have an interest in the charity who are then approached to confirm their willingness to become involved. They are invited to attend the next AGM to gain a better understanding of how the charity operates before a final decision is made.

The President of the Society is elected every two years by resolution at the Annual General Meeting of the Society.

All the elected members of the Executive Committee shall retire from office together at the end of the next Annual General Meeting after the date on which they came to office but they may be re-elected.

The proceedings of the Executive Committee shall not be invalidated by any vacancy among their number or by any failure to appoint or any defect in the appointment or qualification of a member.

Investment powers

The Executive Committee shall have unrestricted power to invest the monies of the Society at their discretion in any investments of whatever nature and wherever they may determine including the purchase of any property whether moveable or immovable.

The Committee shall have the unrestricted power of changing investments from time to time and shall have, in respect of any immovable property, unrestricted powers of disposition, management, repair building development, equipment, furnishing and improvement and may, in that behalf make any outlay out of the monies of the Society. Any or all of these powers may be delegated to an Investment Committee.

Investment policy

The policy for investments is to maintain the value of the investment portfolio and to realise a modest income with minimum risk. All investments are held in units specifically designed for charitable investment, which meet the terms of the policy.

Specific restrictions

All monies received by the Society (unless specifically directed to be applied in any particular way) and the interest on investments, and where necessary any part of the capital thereof , shall be applied in carrying on the objects of the Society in accordance with the Constitution.

Insurance

The charity has indemnity insurance in place to cover the liability of the Executive Committee members of any liability that may attach to them in respect of negligence, default or breach of trust or breach of duty of which they may be guilty in relation to the Association. The cost of the insurance is included in the governance cost, £301 (2025 - £157)

Page 5

THE FOOTWEAR BENEVOLENT SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on _______ 27/04/2026 and signed on their behalf by: D E Lockyer M Collins Chairman Honorary Treasurer

Page 6

THE FOOTWEAR BENEVOLENT SOCIETY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2026

Independent examiner's report to the Trustees of The Footwear Benevolent Society ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2026.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 accounts to be reached.

Page 7

THE FOOTWEAR BENEVOLENT SOCIETY

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Laura Waycott

Dated: 28/4/26

FCA

Griffin

Chartered Accountants Courtenay House Paynes Hill Exeter EX2 5AZ

Page 8

THE FOOTWEAR BENEVOLENT SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2026

Note Income from: Donations and legacies 4 Charitable activities 5 Investments 6 Total income Expenditure on: Raising funds 7 Charitable activities 9 Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Other gains Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2026 £ 53,617 5,743 70,039 129,399 9,299 95,250 104,549 24,850 121,162 146,012 1,311,758 146,012 1,457,770	Total funds 2026 £ 53,617 5,743 70,039 129,399 9,299 95,250 104,549 24,850 121,162 146,012 1,311,758 146,012 1,457,770	Total funds 2025 £ 28,169 7,663 68,213 104,045 9,602 102,178 111,780 (7,735) 55,673 47,938 1,263,820 47,938 1,311,758

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 23 form part of these financial statements.

Page 9

THE FOOTWEAR BENEVOLENT SOCIETY

BALANCE SHEET AS AT 31 JANUARY 2026

							2026	2026			2025	2025
			Note				£				£
Fixed assets
Tangible assets			14				1,488				1,750
Investments			15				1,346,373				1,225,211
							1,347,861				1,226,961
Current assets
Debtors			16		14,286					12,975
Cash at bank and	in hand				97,962					74,089
					112,248					87,064
Current liabilities
Creditors: amounts falling due within one
year			17		(2,339)					(2,267)
Net current assets							109,909				84,797
Total assets less current liabilities							1,457,770				1,311,758
Net assets excluding pension asset							1,457,770				1,311,758
Total net assets							1,457,770				1,311,758
Charity funds
Restricted funds			18				-				-
Unrestricted funds			18				1,457,770				1,311,758
Total funds							1,457,770				1,311,758
The financial	statements	were	approved	and	authorised		for issue		by	the	Trustees on
_______and signed on their								behalf by:

D E Lockyer Chairman

The notes on pages 11 to 23 form part of these financial statements.

Page 10

THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

1. General information

The Footwear Benevolent Charity is registered in England & Wales. Its registered office adress is Courtenay House, Pynes Hill, Exeter, EX2 5AZ.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Footwear Benevolent Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 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 allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

15% Reducing Balance

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

2. Accounting policies (continued)

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

The Charity operates a defined contributions pension scheme and the pension charge represents the amount payable by the Company to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. No estimates or assumptions were considered to be significant.

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

4. Income from donations and legacies

Donations Donations	Unrestricted funds 2026 £ 53,617 Unrestricted funds 2025 £ 28,169	Total funds 2026 £ 53,617
		Total funds 2025 £ 28,169

5. Income from charitable activities

Fundraising events Fundraising events	Unrestricted funds 2026 £ 5,743 Unrestricted funds 2025 £ 7,663	Total funds 2026 £ 5,743
		Total funds 2025 £ 7,663

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

6. Investment income

Unrestricted funds 2026 £ Dividend income 68,359 Bank interest 1,680 70,039 Unrestricted funds 2025 £ Dividend income 66,185 Bank interest 2,028 68,213	Total funds 2026 £ 68,359 1,680
	70,039
	Total funds 2025 £ 66,185 2,028
	68,213

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

7. Expenditure on raising funds

Fundraising expenses

Unrestricted funds 2026 £ Support costs 2,560 Staff costs 6,739 9,299	Total funds 2026 £ 2,560 6,739
	9,299

Fundraising expenses (continued)

Support costs Staff costs	Unrestricted funds 2025 £ 3,790 5,812 9,602	Total funds 2025 £ 3,790 5,812
		9,602

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

8. Analysis of grants

Grants Grants	Grants to Individuals 2026 £ 71,695 Grants to Individuals 2025 £ 75,874	Total funds 2026 £ 71,695
		Total funds 2025 £ 75,874

During the year ended 31 January 2026, the following grant dispersals were made:

Christmas Grants £18,975 Mid-Year Grants £18,250 One off Grants £4,230 Cordwainer Grant £7,980 Half Yearly Allowances £22,260

The total number of beneficiaries assisted in the year was 139 (2025 - 152) All grants were paid to individuals to relieve cases of need, handship and distress.

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

9. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activities Charitable activities	Unrestricted funds 2026 £ 95,250 Unrestricted funds 2025 £ 102,178	Total 2026 £ 95,250
		Total 2025 £ 102,178

10. Analysis of expenditure by activities

Charitable activities Charitable activities	Grant funding of activities 2026 £ 71,695 Grant funding of activities 2025 £ 75,874	Support costs 2026 £ 23,555 Support costs 2025 £ 26,304	Total funds 2026 £ 95,250
			Total funds 2025 £ 102,178

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs Depreciation Other support costs Governance costs Staff costs Depreciation Other support costs Governance costs 11. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts	Activities 2026 £ 15,723 262 2,682 4,888 23,555 Activities 2025 £ 15,052 308 5,054 5,890 26,304 2026 £ 2,328	Total funds 2026 £ 15,723 262 2,682 4,888
		23,555
		Total funds 2025 £ 15,052 308 5,054 5,890
		26,304
		2025 £ 2,220

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

12. Staff costs

2026 £ Wages and salaries 21,998 Contribution to defined contribution pension schemes 464 22,462 The average number of persons employed by the Charity during the year was as follows: 2026 No. Employees 1	2025 £ 20,417 447
	20,864
	2025 No. 1

No employee received remuneration amounting to more than £60,000 in either year.

The Charity considers its key management personnel to comprise the Trustees, as members of the Executive Committee. The Trustees receive no remuneration for their role.

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2025 - £NIL) .

During the year ended 31 January 2026, no Trustee expenses have been incurred (2025 - £NIL) .

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

14. Tangible fixed assets Cost or valuation At 1 February 2025 At 31 January 2026 Depreciation At 1 February 2025 Charge for the year At 31 January 2026 Net book value At 31 January 2026 At 31 January 2025 15. Fixed asset investments Cost or valuation At 1 February 2025 Revaluations At 31 January 2026 Net book value At 31 January 2026 At 31 January 2025	Fixtures and fittings £ 7,323
	7,323
	5,573 262
	5,835
	1,488
	1,750
	Fixed Asset Investments £ 1,225,211 121,162
	1,346,373
	1,346,373
	1,225,211

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

16. Debtors

Due within one year Other debtors Prepayments and accrued income	2026 £ 1,335 12,951 14,286	2025 £ 110 12,865
		12,975

17. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	2,339	2,267

18. Statement of funds

Statement of funds - current year

	Balance at 1				Balance at
	February			Gains/	31 January
	2025	Income	Expenditure	(Losses)	2026
	£	£	£	£	£
Unrestricted funds
General Funds	1,311,758	129,399	(104,549)	121,162	1,457,770
Statement of funds - prior year
	Balance at				Balance at
	1 February			Gains/	31 January
	2024	Income	Expenditure	(Losses)	2025
	£	£	£	£	£
Unrestricted funds
General Funds	1,263,820	104,045	(111,780)	55,673	1,311,758

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THE FOOTWEAR BENEVOLENT SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2026 £ Tangible fixed assets 1,488 Fixed asset investments 1,346,373 Current assets 112,248 Creditors due within one year (2,339) Total 1,457,770	Total funds 2026 £ 1,488 1,346,373 112,248 (2,339) 1,457,770

Analysis of net assets between funds - prior year

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2025 £ 1,750 1,225,211 87,064 (2,267) 1,311,758	Total funds 2025 £ 1,750 1,225,211 87,064 (2,267) 1,311,758

20. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independent administered fund. The pension cost charge represents contributions payable by the Charity to the fund and mounted to £464 (2025: £447).

21. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 January 2026.

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