2023-06-30-accounts

Name:			Fashion 8 Textile Children's	Fashion 8 Textile Children's	Fashion 8 Textile Children's	Trust
Registered		Charity Number:	257136(England and Wales)
Principal	Office:		44 Southampton Buildings,
			London
			WC2A 1AP
			E-Mail:anna@ftct.		org.uk
			Website: www. ftct.org.uk
			Telephone: 0300-123-9002/ M:				0?753605367
Trustees	at 30June 2023:		Mike Taylor, (Chair of Trustees), Commercial Director,
			British Heart Foundation
			Mike Trotman, (Chair, Finance Committee)
			CFO Tom Dixon Group
			David Shepherd, (Cases	Committee),				Former	COO Trading,
			Arcadia
			Ryan Becker, Managing	Director, UK Visual Immersion
			Vanessa Elias, (Cases Committee),				Managing		Director, CVUK
			Robert Bready, Freeiance		Executive		Consultant
			Anne Secunda, Executive		Consultant
Chief Executive:			Anna Pangbourne
Bankers:			Barclays Business 1"Floor, 27Soho Square
			London
			W1D 3QR
Solicitors:			FieldFisher
			Riverbank House
			2, Swan Lane
			London
			EC4R 3TT
Auditors:			Saffery 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- 8
Independent auditors'		report		9-11
Statement of financial		activities
Balance sheet				13
Notes to the financial	statements			14-24
Comparative statement		of financial	activities	25

2026, alon	g	side the four enabling strategic projects.	side the four enabling strategic projects.
Our overall		Strategic Direction is to take an innovative approach to continue		to help families	cope during
challenging		times. Three	strategic aims have been devised to support our strategic direction:
Children	and Families		a aim tn nrnttt the n«mhqr nf r harll dn I~In r IIPlnnrt tn AvthhA tl W Lm gl mr% LI IV I lUI I ILIMI Lll Vl llllAI el I VVW NllpplJI t LlJ &xl&l IU Ll I'V		II I lpC1L	L	(Jul
			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	of fundraising	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.

		New Gnants	Approved	Number of
	A	roved 2022/23	%Total	New cases
Financial Hardship		2154,675	42 09%	371	4497'/
Special Needs		E49,209	13.40%	105	12.73%
Separation/Divorce		F47,070	12.81%	109	13.21%
Mental Health		235,586	969'/	78	9.45%
Housing		F25,670	699'/	48	5.82%
Illness		E24,270	661'/	49	5.94%
Bereavement		R9,830	2.68%	25	3.03%
Disability		R8,116	221%	18	2.18%
Domestic Abuse		E7,120	1 94%		1 090/
Redundancy		R5,800	1.58%	13	1.58%
Total Reel tents		C%7+46

rants typ	ically provid	ed by	FTCT include	:
Essential	items				S eclallst items
Clothin	and shoes,	inc school uniforms		and PE Kit	Mobilit	e ui ment
Children's	bedroom	furniture	/ Beddin		Sensor	to s
White oods frid e,		cooker	and washin	machine	Thera
Essential	household	items			Res ite	activities
Stud Essentials —Tablets /			La to s etc.		S ecialist clothin

Net Fundraisi	ng: 2109,59	1 for 2022/
F15,000	Boohoo
215,000	BBM
f15,000	MBS PLC
210,510	LK Bennett
E10,000	JP Boden	& CO
z.10,000	Next PLC
R5,000	John Lewis Partnershi
R5,000	Johnsons	Hotel Linen
R3,450	NLG LTD
213,009	Dra ers Awards
E2,891	London Marathon
PA,730	Others

FOR THE YEAR ENDED	30JUNE 2	023
			Unrestricted
			Income	Endowment	Total	Total
			Funds	Funds*	2023	2022
		Notes
Income and endowments	from:
Donations and legacies				109,591	109,591	54,765
Other trading activities
Income from Investments			249,532		249,532	260,289
Other incoming resources
Total Income and endowments			249,532	109,591	359,123	315,054
Expenditure on:
Raising Funds			184,778		184,778	112,178
Charitable activities			627,368		627,368	586,697
Total Expenditure			812,146		812,146	698,875
Net gains/(losses) on investments		12		53,819	53,819	(291,516)
Net income/(expenditure)			562,6 I4	163,410	~399,204	~675,337
Transfer between funds		16	562,614	(562,614)
Net (outgoing) resources before				(399,204)	(399,204)	(675,337)
other recognised gains and losses
Other gains/(losses)
Net movement in funds for the year				(399,204)	(399,204)	(675,337)
Total funds brought forward				7,656,674	7,656,674	8,332,011
Total funds carried forward				7,257,470	7,257,470	7,656,674

AS AT 30JUN	E 20	23
				2023	2022
			Notes
Fixed assets
Intangible fixed assets			11
Tangible fixed	assets		11	5,951	4,426
Investments			12	6,805,397
					7,103,040
				6,811,348	7,107,466
Current assets
Debtors and prepayments				71,098	55,537
Cash at bank				412,300	532„983
				483,398	588,520
Creditors: amounts		falling due within one year	14	37,276	39,312
Net current assets				446,122	549,208
Net assets				7,257,470	7,656,674
Unrestricted income		funds
- Designated	fund		16
Endowment funds
- Expendable	endowment			7,257,470	7,656,674
- Permanent	endowment
				7,25?,470	7,656,674
Total funds				7,257,470	7,656,674

2	Income from investments	Income from investments	Income from investments	Income from investments
									2023	2022
	Dividends,	distributions		and interest on			bonds receivable		249,532	260,289
									249,532	260,289
3	Expenditure
							Direct	Support	Total	Total
							Costs	Costs	2023	2022
	Expenditure	on raising		funas		(note 4)	86,759	98,019	184,778	112,178
	Charitable	activities	(note		5)		400,773	226,595	627,368	586,697
							487,532	324,614	812,146	698,875
	Expenditure	on raising		funds
									2023	2022
	Costs of generating		voluntary			income
	cundraising Advertising	costs 5website costs							25,132 3,702	138 1,573
	Publicity								8,946	567
	Recruitment								300
	Other costs								10,114	8,075
									48,194	10,353
	Support costs (note		8)						98,019	60,881
									146,213	71,234
	Investment	management			costs				38,565	40,944
									184,?78	112,178

Charitable activities
				Support
		Grants	Direct	costs	Total	Total
		(note 6)	costs	(note 8)	2023	2022
Large Grants						21,570
Medium and Small Grants		367,346	33,427	226,595	627,368	565,127
2023		367,346	33,427	226,595	627,368	586,697
2022		298,501	24,166	264,030
Analysis of new grants
					2023	2022
Large Grants (paid 8 payable)
- Paid directly to educational		organisations	on behalf of individuals			7,500
- Paid to individuals
- Prior year commitments	reversed					~7,500
Medium Grants (paid 8 payable)
- Paid directly to organisations		on behalf of	individuals
- Paid to individuals					42,940	33,810
					42,940	33,810
Small Grants (paid K payable)
- Paid directly to organisations		on behalf of	individuals
- Paid to individuals					324,406	264,69 I
					324,406	264,691
Total grants for the year					367,346	296,501
Governance costs
					2023	2022
Audit fees (note 10)					12,060	10,800
Insurance Professional fees (including	Consultancy)				2,375 20,348	2,040 31,260
Other office costs					11,377	2,758
					46,160	46,858
Support costs (note 8)					46,160	46,858

8	Support costs	Support costs
					2023	2022
	Staff costs (note 9)				244,249	245,930
	Bookkeeping	costs (note 10)			270	1,119
	Office costs				31,656	28,832
	Depreciation				2,279	2,172
	Governance	costs (note 7)			46,160	46,858
					324,614	324,911
	Allocated to:
	Expenditure	on raising funds (note		4)	98,019	60,881
	Charitable activities (note 5)				226,595	264,030
					324,614	324,911
9	Employees
					2023	2022
	Wages and salaries				217,877	222,139
	National insurance				18,914	16,748
	Employer's Pension				7,458	7,043
					244,249	245,930
					Number	Number
	Number of employees
	The average	number	of employees	during the year was:
	Management	and administration

			2023	2022
Audit	Saffery Champness		12,060	10,800
Bookkeeping	Bookkeeping	8 Office Services	270	1,119
			I2,330	11,919

Fixed Assets
Intangible fixed assets
		Website	Total
Cost
At 1 July 2022		18,000	18,000
Additions
At 30June 2023		18,000	18,000
Amortisation and impairment
At 1 July 2022		18000	18000
Charge for the year
At 30June 2023		18 nnn	1A nnn
Net book value
At 30June 2023
At 30June 2022
Tangible fixed assets
	Computer	Office
	Equipment	Equipment	Total
Cost
At 1 July 2022	25,87I		25,871
Additions	3,804		3,804
At 30June 2023	29,675		29,675
Depreciation
At 1 July 2022	21,445		21,445
Charge for the year	2,279		2,279
At 30June 2023	23,724		23,724
Net book value
At 30June 2023	5,951		5,951
At 30June 2022	4,426		4,426

nvestments
	2023	2022
Quoted investments
Market value at 1 July 2022	7,044,554	7,717,331
Additions and other adjustments	1,037,794	679,668
Disposals proceeds Realised gain/(loss) on investments	(1,717,684) 190,664	(1,060,924) 156,663
Unrealised gain/(loss) on investments	136,845	448,184
Market value at 30June 2023	6,418,483	7,044,554
Cash held at investment managers	386,914	58,486
	6,805,397	7,103,040
Historical cost at 30June 2023	5,397,157	5,886,385

Geographical	Geographical	Analysis	2023	2022
United	Kingdom	- Fixed Interest	945,320	607,708
Overseas		- Fixed Interest	105,639	108,378
United	Kingdom	- Equity	1,578,933	1,775,187
Europe		- Equity	574,086	485,378
USA		- Equity	1,676,182	1,699,289
Asia		- Equity	289,013	269,956
Japan		- Equity	148,610	I44,980
Emerging		- Equity
Markets			I75,234	174,419
Global		- Equity	82,560	397,457
Alternative		- Property	842,906	1,381,802
Investments		- Equity
			6,418,483	7,044,554

ebtors and prepayments
	2023	2022
Other debtors	11,065	10,780
Prepayments	13,186	10,184
Accrued income	46,847	34,573
	71,098	55,537

reditors:	amounts falling due within one year
		2023	2022
Large Grants payable (see below)
Medium	and Small Grants payable (see below)	2,460	4,485
Taxation	and Social security	4,769	4,427
Company	Credit card	4,648	2,585
Other creditors
Accruals		25,399	27,815
		37,276	39,312

			2023	2022
Large Grants payable at 1 July 2022				7,500
Medium Grants payable at 1 July 2022			3,885	5,350
Small Grants payable at 1 July 2022			600
			4,485	12,850
New commitments/Transfers to/from Paid during the year	designated	fund (note 6)	367,346 ~369,371	298,501 ~306,666
			2,460	4,485
Large Grants payable at 30June 2023
Medium Grants payable at 30June 2023			2,460	3,885
Small Grants payable at 30June 2023				600
Total Grants carried forward payable	2022/23		2,460	4,485

unds
	Unrestricted		Restricted
	General	Designated	Expendable Permanent
	fund	funCI	endowment endowment	Total 2023	Total 2022
			E
At1 July 2022			7,656,674	7,656,674	8,332,011
Income	249,532		109,591	359,123	315,054
Expenditure	(812,146)			(812,146)	(698,875)
Transfers	562,614		(562,614)
Gain/(loss) on
revaluation
and disposal of			53,819	53,819	(291,516)
investment
assets
At 30June 2023			7,257,470	7,257,470	7,656,674

Analysis ofassets be'twee(i	funds
	Unrestricted		Restricted
General	Designated	Expendable	Permanent	Total	Total
fund	fund	endowment	endowment	2023	2022
Intangible
fixed assets
Tangible fixed assets		5,951		5,951	4,426
Investments		6,805,397		6,805,397	7,103,040
Current assets		483,398		483,398	588,520
Current liabi!ities		(37,276)		(37,276)	(39,312)
		7,257,470		7,257,470	7,656,674

			Unrestricted
			Income	Endowment	Total
			Funds	Funds"	2022
		Notes		P
Income and endowments	from:
Donations and legacies				54,765	54,765
Other trading activities
Income from Investments			260,289		260,289
Other incoming resources
Total Income and endowments			260,289	54,765	315,054
Expel ldllul eon.
Raising Funds		4	I12,178		112, I78
Charitable activities		5	586,697		586,697
Toiai Expenditure		3	698,875		698,875
Net Loss on investments		12		(291,516)	(291,516)
Net expenditure			~438,586	~236,751	~675,337
Transfer between funds			438,586	(438,586)
Net (outgoing) resources before other recognised gains and losses				(675,337)	(675,337)
Other gains/(losses)
Net movement in funds for	the year			(675,337)	(675,337)
Total funds brought forward				8,332,011	8,332,011
Total funds carried forward				7,656„674	7,656,674