# |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|