2022-06-30-accounts

Name:		Fashion 8 Textile Children's	Fashion 8 Textile Children's	Trust
Registered	Charity Number:	257136(England and Wales)
Principal Office:		The Space UK
		235 High Holborn
		London
		WC1V 7LE
		E-Mail: annagftct.		org.uk
		Website: www. ftct.org.uk
		Telephone: 0300-123-9002/			M:07753605367
Trustees at	30June 2022:	Mike Taylor, (Chair ofTrustees), Commercial				Director,
		British Heart Foundation
		Mike Trotman, (Chair, Finance Committee)
		CFO Tom Dixon Group
		David Shepherd, (Former COO Trading, Arcadia)
		Ryan Becker, Managing	Director,		UK Visual Immersion
		Vanessa Elias, Managing	Director,		CVUK
		Robert Bready, Freelance Executive Consultant
		Anne Secunda, Executive	Consultant
		Kristin Cramborn Knoflach,		Senior	Marketing	Manager,	Klarna
Chief Executive:		Anna Pangbourne
Bankers:		Barclays Bank UK PLC 1"Floor, 27 Soho Square
		London
		W1D 3QR
Solicitors:		FieldFisher
		Riverbank House
		2, Swan Lane
		London
		EC4R 3TT
Auditors:		Saffery Champness LLP
		Westpoint
		Peterborough Business Park
		Lynch Wood
		Peterborough
		PE2 6FZ
Investment	Managers:	Quilter Cheviot Investment		Management
		Senator House,
		85 Queen Victoria Street,
		London, EC4V 4AB

		Page
Chair's Statement
Trustees' report		2-9
Independent auditors'	report	10-12
Statement offinancial	activities	13
Balance sheet		14
Notes to the financial statements		15 - 25
Comparative statement	offinancial activities	26

Our overall	Our overall	Strategic	Direction is to take an innovative approach to continue to help families	Direction is to take an innovative approach to continue to help families	cope during	cope during
challenging		times. Three		strategic aims have been devised to support our strategic direction:
Children	and Families			We aim to grow the number of children we support to extend the	impact our
				grants give to the lives of UK children. To do this, we will maintain	our grants
				awarded figure close to the amount given in the previous strategy period.
Financial	Sustainability			We are ambitious in our fundraising targets and aim to fund the	growth	in
				children supported with a higher proportion offundraising income, safeguarding
				the Charity for future generations.
Operational		Excellence		We are determined to improve the level of service we deliver and aim to
				modernise our processes by embracing digital transformation, through
				cloud-based services and automated procedures.

Essential	items			Specialist items
Clothing	and shoes,	inc school uniforms	and PE Kit	Mobility equipment
Children's	bedroom	furniture / Bedding		Sensory toys
White goods (fridge,		cooker and washing	machine)	Therapy
Essential	household	items		Respite activities
Study Essentials —Tablets / Laptops etc.				Specialist clothing

et Fundraisi	ng: E54,764for 2021/	22. This in	cluded:
E15,000	Marks and Spencer
E10,000	Next pic
E10,000	Drapers Charitable	Foundation
610,000	John Lewis
E2,785	Drapers Events
E1,536	First Friday
E1,025	NLP Ltcl
E4,418	Other Corporate &	Individual	Donations: TPT (UK) LTD, J.F.C.

			Unrestricted
			Income	Endowment	Total	Total
			Funds	Funds'	2022	2021
		Notes	E	f	f	E
Income and endowments	from;
Donations and legacies				7,151	7,151	25,779
Other trading activities				47,614	47,614	56,701
Income from Investments		2	260,289		260,289	260,951
Other incoming resources						2,485
Totallncome and endowments			260,289	54,765	315,054	345,916
Expenditure on:
Raising Funds		4	112,178		112,178	52,775
Charitable activities		5	586,697		586,697	770,679
Total Expenditure		3	698,875		698,875	823,454
Net gains/(losses) on investments		12		(291,516)	(291,516)	921,372
Net income/(expenditure)			(438,586)	(236,751)	(675,337)	443,834
Transfer between funds		16	438,586	(438,586)
Net (outgoing) resources	before			(675,337)	(675,337)	443,834
other recognised gains and losses
Other gains/(losses)
Net movement in funds for the year				(675,337)	(675,337)	443,834
Total funds brought forward		16		8,332,011	8,332,011	7,888,177
Total funds carried forward				7,656,674	7,656,674	8,332,011

S AT 30JUNE		2022
					2022	2021
				Notes	f	E
Fixed assets
Intangible fixed assets				11
Tangible fixed		assets		11	4,426	4,870
Investments				12	7,103,040	8,023,022
					7,107,466	8,027,892
Current assets
Debtors and	prepayments			13	55,537	31,425
Cash at bank					532,983	313,286
					588,520	344,711
Creditors: amounts			falling due within one year	14	(39,312)	(40,592)
Net current (liabilities)/assets					549,208	304,119
Net assets					7,656,674	8,332,011
Unrestricted	income		funds
—Designated		fund		16
Endowment	funds
—Expendable		endowment		16	7,656,674	8,332,011
- Permanent		endowment
					7,656,674	8,332,011
Tota I funds					7,656,674	8,332,011

					2022	2021
					E	E
Dividends,	distributions	and interest on bonds receivable			260,289	260,951
					260,289	260,951
Expenditure
			Direct	Support	Total	Total
			Costs	Costs	2022	2021
			E	E	f	f
Expenditure	on raising	funds (note 4)	51,297	60,881	112,178	52,775
Charitable	activities (note 5)		322,667	264,030	586,697	770,679
			373,964	324,911	698,875	823,454

					2022	2021
Costs ofgenerating		voluntary		income	f	E
Fundraising	costs				138	1,284
Advertising	&website costs				1,573	967
Publicity					567	4,337
Recruitment						989
Other costs					8,075	8,214
					10,353	15,791
Support costs (note		8)			60,881	55,895
					71,234	71,686
Investment	management		costs		40,944	(18,911)
					112,178	52,775

haritable activities
					Support
		Grants	Direct		costs		Total	Total
		(note 6)	costs		(note	8)	2022	2021
		E		E		E	E	E
Large Grants		0	1,843		19,727		21,570	86,892
Medium and Small Grants		298,501	22,323		244,303		565,127	679,796
Pension								3,991
2022		298,501	24,166		264,030		586,697	770,679
2021		474,150	46,086		250,443
nalysis of new grants
							2022	2021
							E	E
Large Grants (paid &payable)
—Paid directly to educational		organisations	on behalf	of	individuals		7,500	7,500
- Paid to individuals
—Prior year commitments	reversed						(7,500)	(1,166)
								6,334
Medium Grants (paid & payable)
- Paid directly to organisations		on behalf of individuals
—Paid to individuals							33,810	60,605
							33,810	60,605
Small Grants (paid 8 payable)
- Paid directly to organisations		on behalf of individuals
- Paid to individuals							264,691	407,211
							264,691	407,211
Total grants for the year							298,501	474,150

overnance costs
		2022	2021
		E	E
Audit fees (note 10)		10,800	10,380
Insurance		2,040	2,061
Professional fees (including	Consultancy)	31,260	1,140
Other office costs		2,758	3,021
		46,858	16,602
Support costs (note 8)		(46,858)	(16,602)

upport cos	ts
			2022	2021
			E	f
Staff costs	(note 9)		245,930	251,219
Bookkeeping		costs (note 10)	1,119	1,224
Office costs			28,832	35,004
Depreciation			2,172	2,289
Governance		costs(note 7)	46,858	16,602
			324,911	306,338
Allocated to:
Expenditure		on raising funds (note 4)	60,881	55,895
Charitable	activities (note 5)		264,030	250,443
			324,911	306,338

				2022	2021
				E	E
Wages	and	salaries		222,139	223,344
National	insurance			16,748	21,387
Employer's		Pension		7,043	6,488
				245,930	251,219
				Number	Number
Number	ofemployees
The average		number ofemployees	during the year was:
Management		and administration

10	Auditors and	Acco	untants' remu	neration
						2022	2021
						f	f
	Audit		Saffery Champness			10,800	10,380
	Bookkeeping		Bookkeeping	& Office Services		1,119	1,224
						11,919	11,604
11	Fixed Assets
	Intangible	fixed assets
						Website	Tota I
						f	f
	Cost
	At 1July 2021					18,000	18,000
	Additions
	At 30June	2022				18,000	18,000
	Amortisation and		impairment
	At 1July 2021					18,000	18,000
	Charge for	the year
	At 30June	2022				18,000	18,000
	Net book value
	At 30June	2022
	At 30June	2021
	Tangible fixed assets
					Computer	Office
					Equipment f	Equipmentf	Total E
	Cost
	At 1July 2021				24,143		24,143
	Additions				1,728		1,728
	Disposals
	At 30June	2022			25,871		25,871
	Depreciation
	At 1July 2021				19,273		19,273
	Charge for	the year			2,172		2,172
	Disposals
	At 30June	2022			21,445		21,445
	Net book value
	At 30June	2022			4,426		4,426
	At 30June	2021			4,870		4,870

Investments
					2022	2021
					f	f
Quoted investments
Market value at 1July 2021					7,717,331	7,767,437
Additions	and other adjustments				679,668	1,520,446
Disposals	(proceeds	f1,060,924; gain f156,663)			(904,261)	(1,636,582)
Unrealised	gain/(loss) on investments				(448,184)	66,030
Market value at 30		June 2022			7,044,554	7,717,331
Cash held	at investment managers				58,486	305,691
					7,103,040	8,023,022
Historical cost at 30June 2022					5,886,385	6,110,979
All investments are held primarily			to provide	an investment	return for the Charity.
Geographical Analysis					2022 f	2021 f
United Kingdom		- Fixed Interest			716,086	1,021,494
		- Equity			1,775,187	1,980,886
Europe		—Equity			485,378	563,250
USA		—Equity			1,699,289	1,707,602
Asia		- Equity			269,956	304,519
Japan		- Equity			144,980	206,010
Emerging Markets		- Equity			174,419	317,709
Global		- Equity			397,457	355,210
Alternative		-Property
Investments		- Equity			1,381,802	1,260,651
					7,044,554	7,717,331

13	Debtors and prepayments
		2022	2021
		f	f
	Other debtors	10,780	3,400
	Prepayments	10,184	4,660
	Accrued income	34,573	23,365
		55,537	31,425

				2022	2021
				f	f
Large Grants payable	at 1July 2021			7,500	32,523
Medium Grants payable at 1July 2021				5,350	14,769
Small Grants payable	at 1July 2021				600
				12,850	47,892
New commitments/	Transfers to/from	designated	fund (note 6)	298,501	474,150
Paid during the year				(306,866)	(509,192)
				4,485	12,850
Large Grants payable	at 30June 2022				7,500
Medium Grants payable at 30June 2022				3,885	5,350
Small Grants payable	at 30June 2022			600
Total Grants carried	forward payable 2021/22			4,485	12,850

unds
		Unrestricted		Restricted
		General	Designated	Expendable Permanent
		fund	fund	endowment endowment		Total
		f	f	f	f	E
At 1July 2021				8,332,011		8,332,011
Income		260,289		54,765		315,054
Expenditure		(698,875)				(698,875)
Transfers		438,586		(438,586)
Gain/(loss)on
revaluation and disposal	of			(291,516)		(291,516)
investment	assets
At 30June 2022				7,656,674		7,656,674

nalysis	o	fassets between	funds	funds
			Unrestricted		Restricted
			General	Designated	Expendable Permanent
			fund	fund	endowment endowment		Total
			f	E	f	f	E
Intangible		fixed assets
Tangible		fixed assets			4,426		4,426
Investments					7,103,040		7,103,040
Current	assets				588,520		588,520
Current	liabilities				(39,312)		(39,312)
					7,656,674		7,656,674

			Unrestricted
			Income	Endowment	Total
			Funds	Funds*	2021
		Notes	f	f	f
Income and endowments	from:
Donations and legacies				25,779	25,779
Other trading activities				56,701	56,701
Income from Investments		2	260,951		260,951
Other incoming resources				2,485	2,485
Total Income and endowments			260,951	84,965	345,916
Expenditure on;
Raising Funds		4	52,775		52,775
Charitable activities		5	770,679		770,679
Total Expenditure			823,454		823,454
Net Gain on investments		12		921,372	921,372
Net expenditure			(562,503)	1,006,337	443,834
Transfer between funds			555,003	(555,003)
Net (outgoing) resources	before		(7,500)	451,334	443,834
other recognised gains and losses
Other gains/(losses)
Net movement in funds for the year			(7,500)	451,334	443,834
Total funds brought forward			7,500	7,880,677	7,888,177
Total funds carried forward				8,332,011	8,332,011