REGISTERED CHARITY NUMBER: 262401
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st December 2023
for
The Costume Society
The Costume Society
Contents of the Financial Statements for the Year Ended 31st December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
The Costume Society
Report of the Trustees for the Year Ended 31st December 2023
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Society are to promote, for the benefit of the public, education in dress throughout the ages and to encourage conservation of historic examples of dress together with relevant source material.
The Society furthers its charitable purposes through its grants and awards, together with its annual conference, study days and visits, its peer reviewed journal "Costume" published twice a year and its members' newsletters as well as its website and social media activities.
The Trustees have regard to the Charity Commission's guidance on public benefit when considering all of the Society's activities.
Grants and Awards
The Society has established a number of grants and awards, many of which have been made possible by generous bequests to the Society.
The Elizabeth Hammond Conservation Grant, created with a bequest from the estate of Elizabeth Hammond, a founder member and former trustee of the the Society, promotes museum conservation and display of clothing and clothing related textiles of all periods, styles and places of origin, held in the permanent collection of Accredited Museums in the UK with an annual turnover of up to and around £750,000. Preference is given to museums with dress and associated textile objects of local or national significance but with limited or no in-house conservation resources.
The Daphne Bullard Grant was was set up in 1973 on the initiative of the family of the late Mrs Daphne Bullard, founder member of the Costume Society and Keeper of Worcestershire County Museum at Hartlebury Castle. Administration of the grant was transferred to the Costume Society in 2023. The grant is for smaller UK Accredited Museums for conservation and access projects for costume and textile items.
Student Grants and Awards
The Museum Work Experience Grant is intended to support students seeking work experience with a clothing / fashion / dress / costume collection and to help UK museums accomplish projects essential to the care, knowledge and interpretation of these types of collections.
The Yarwood Research Grant commemorates the work of dress historian and former chair of the Society, Doreen Yarwood. This grant helps an MA student enrolled at a British institution, engaged in high quality research in to the history of dress and / or textiles, with expenditure relating to the completion of their dissertation.
The Patterns of Fashion Award honours the work of dress historian, Janet Arnold, a founder member of the Society. This competitive award is open to students studying on costume and fashion-related education courses that involve the design and realisation of costume. Participants produce a reconstructed garment from a pattern in one of Janet Arnold's Patterns of Fashion book series or C17th Women's Dress Patterns books 1 & 2 edited by Susan North & Jenny Tiramani.
The Patterns for Performance Award - launched in 2019, this award encourages students to design a period garment for a character in a performance. Like the Patterns of Fashion this is a competitive award and is open to students studying at second-year undergraduate level and above, including post-graduate students.The starting point for the design should be a Janet Arnold period pattern from the Patterns of Fashion book series.
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The Costume Society
for the Year Ended 31st December 2023
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In 2023 we were pleased to be able to continue our programme of in-person events and online activities. Our in-person and online programme were held alongside our online conference. The online conference had a focus on Fashion in the 1980s.The Society's AGM and awards ceremony was held at The Artworkers Guild in central London.
. Two further editions of the Society's journal "Costume" were produced. Member's magazine "The Thread" with its continued focus on the membership, their collections, passions, pastimes and "day in the life of" features was published twice in the year and has drawn much praise and engagement from the membership.The website continues to be updated with information on the Society's events and awards as well as regular commissioned blogs. The Ambassadors programme which enables students and emerging fashion historians to reach a wide audience via the Society's social media and blog posts has also been strengthened to encourage the Ambassadors' involvement in all aspects of the running of the Society; they are now encouraged to assist more widely with our work with opportunities to work alongside committee members in their roles.
We were pleased to continue to receive applications for the Elizabeth Hammond Conservation Grant with two grants being made in 2023. We were delighted to be able to support a Museum Work Experience Grant (MWEG) to Bradford Industrial Museum part of the Bradford Museums & Galleries. We reviewed the MWEG and decided to financially support the host museum to recognise their time spent mentoring the student volunteer. We also made a Yarwood Grant to support research at a post graduate level.
FINANCIAL REVIEW
Financial Review and Investment Policy
Income from the Society's members subscriptions and charitable activities remained strong and very consistent with recent years.We are encouraged that membership of the Society has remained consistent although there has been a slight decrease in subscriptions income. In 2023, like all similar organisations, we have experienced continued upward pressure on costs in some areas of our work. The in-person AGM involved additional costs in relation to venue hire and committee travel expenses, etc. We were pleased that the 2023 events programme covered its costs. We are pleased to report that we made a further surplus on the Society's general, unrestricted, fund in 2023.
The current strategy is for the Society's annual conference and events programme to break-even. Our various publications, website and ongoing administration costs are met by members' subscriptions and royalties received from the journal. The Society's current grants and awards and event attendance subsidies for students and younger people, together with the Elizabeth Hammond Conservation Grant are all supported by the Society's Managed Investment Funds. In 2023 we experienced an increase in the value of our invested funds.
As reported in the 2021 and 2022 financial statements, our income has benefitted from a very generous legacy from a long-standing member, Anne Thomas. The Trustees, supported by the wider Executive Committee have continued to plan in further detail our intentions for the future use of these funds. We have agreed that these will focus on society infrastructure, membership benefits, encouraging diversity, equality and inclusion within the society,supporting young people, supporting the creative industries, reviewing our existing grants and awards and support for research and publications. The Executive Committee put these proposals to the 2023 AGM where they were universally approved for progress.
We have streamlined our arrangements with our investment advisors and now deal direct with LGT Wealth Management.We have transferred a further £200,000 to LGT (Daphne Bullard fund and part of the Anne Thomas bequest). There has been no change to the instruction to our investment advisors to maximise the total investment return within the constraints of a low medium risk portfolio. Our current grants and awards are funded by a combination of income and longer-term capital growth. The Trustees continue discussions with our advisors as to the best investment approach for the Anne Thomas bequest funds.
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The Costume Society
Report of the Trustees for the Year Ended 31st December 2023
FINANCIAL REVIEW
Reserves
The Trustees periodically review the Society's general reserves to consider sums required for current and future liabilities. The Trustees continued aim is to maintain free reserves in unrestricted funds at a level which equates to between six and twelve months of unrestricted charitable expenditure. At 31.12.23, the Society held £310,211 in its general unrestricted reserves. This unusually high level of unrestricted funds was a direct result of the bequest of £257,664 in 2021. The Trustees, supported by the wider Executive Committee, and with the agreement of the AGM continue to develop a range of options as to how best to use these funds to support the charity's work. The Society's restricted funds totalled £417,500, made up of £181,469 in the Conservation Grant fund which supports the Society's annual Conservation Award, £171,131 in the Jubilee Grants & Awards fund which funds the Society's various student grants and awards and £64,900 in the Daphne Bullard fund which supports conservation and access projects in UK museums.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was created by deed on 6th May 1971 and is controlled by its governing document, its constitution, originally adopted on 10th March 1973 and subject to various amendments the most recent of which was adopted on 2nd July 2017. The Costume Society is an unincorporated charity.
Recruitment and appointment of new trustees
The trustees of the Society are recruited by the existing Trustees and elected by the membership at the Annual General Meeting. The Trustees comprise the Chair (with a maximum 5 year term of office); the two vice-chairs: the Secretary and the Treasurer, together with not less than 4 and not more than 6 general Trustees (who have a 3 year term of office). All Trustees are required to be members of the Society during their term of office.
New Trustees are recruited by advertising to the Society's membership on the Society's website and via the Society's social media channels. The Society follows the Charity Commission Guidance on finding new Trustees for its Trustee recruitment.
Newly appointed Trustees are provided with a full introduction to the Charity, including meeting with existing Trustees. They are also given a new trustee information pack containing key documents and guidance as recommended by the Charity Commission.
Organisational structure
The charity is managed on a day to day basis by the trustees made up of the honorary officers (the chair, up to two vice-chairs, the secretary and the treasurer), together with not less than 4 and not more than 6 further trustees (elected officers). The trustees are supported by a committee of appointed officers made up of the "Costume" journal editorial team, news editor print and digital, membership secretary, ambassadors officer and social media editor, conference and programme co-ordinators and the Society's awards and grants co-ordinators.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
262401
Principal address
Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
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The Costume Society
Report of the Trustees
for the Year Ended 31st December 2023
Trustees
P Warren Chair Dr N Radclyffe-Thomas Vice-Chair Dr B Whyman Vice-Chair M Hodgson Secretary C Wright Treasurer Dr H Moravej H Persson Swain R Holman B Evans (appointed 15.7.23)
Independent Examiner
Colin Young FCA Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
Approved by order of the board of trustees on 10th June 2024 and signed on its behalf by:
P Warren - Trustee
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Independent Examiner's Report to the Trustees of The Costume Society
Independent examiner's report to the trustees of The Costume Society
I report to the charity trustees on my examination of the accounts of The Costume Society (the Trust) for the year ended 31st December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Colin Young FCA
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
10th June 2024
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The Costume Society
Statement of Financial Activities for the Year Ended 31st December 2023
| Notes INCOME AND ENDOWMENTS FROM Subscriptions & Legacies Charitable activities Costume Journal Conference Events & Visits Investment Income 2 Total EXPENDITURE ON Raising funds 3 Charitable activities Costume Conservation Grant Museum Work Experience Grant Patterns of Fashion & Performance Awards Yarwood Research Grant Costume Journal Members Newsletter Website & Social Media Membership Administration Cost Conference Events & Visits Officers Administrative Costs Other incl. Governance Costs 5 Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 24,928 13,161 2,115 1,194 1,729 43,127 1,074 - - - - 16,665 3,787 4,798 1,782 1,700 1,129 636 3,868 35,439 6,527 14,215 295,996 310,211 |
Restricted funds £ 62,467 - 500 - 6,822 69,789 4,514 6,030 2,000 4,333 500 - - - - 178 55 - - 17,610 16,461 68,640 348,860 417,500 |
2023 Total funds £ 87,395 13,161 2,615 1,194 8,551 112,916 5,588 6,030 2,000 4,333 500 16,665 3,787 4,798 1,782 1,878 1,184 636 3,868 53,049 22,988 82,855 644,856 727,711 |
2022 Total funds £ 28,668 12,047 2,545 1,964 7,361 52,585 5,887 5,030 2,000 3,400 500 16,150 3,403 3,957 2,035 2,041 3,039 114 3,115 50,671 (39,303) (37,389) 682,245 644,856 |
|---|---|---|---|---|
The notes form part of these financial statements
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The Costume Society
Balance Sheet
31st December 2023
| Notes FIXED ASSETS Intangible assets 8 Investments 9 CURRENT ASSETS Debtors 10 Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 3,360 170,344 173,704 5,661 19,243 119,703 144,607 (8,100) 136,507 310,211 310,211 |
Restricted funds £ - 405,039 405,039 - - 15,836 15,836 (3,375) 12,461 417,500 417,500 |
2023 Total funds £ 3,360 575,383 578,743 5,661 19,243 135,539 160,443 (11,475) 148,968 727,711 727,711 310,211 417,500 727,711 |
2022 Total funds £ 5,040 352,634 357,674 4,465 27,165 268,902 300,532 (13,350) 287,182 644,856 644,856 295,996 348,860 644,856 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10th June 2024 and were signed on its behalf by:
C Wright - Trustee
The notes form part of these financial statements
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The Costume Society
Notes to the Financial Statements for the Year Ended 31st December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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 relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Raising funds
The costs of generating funds consist of investment management costs.
Charitable activities
Costs of charitable activities include grants and awards made together with all directly attributable costs of other charitable activities.
Governance costs
Governance costs are the costs incurred by the charity in meeting its legal and statutory obligations.
Intangible fixed assets
Amortisation is provided at the following rate in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Website 20% straight line basis
At each balance sheet date, the charity reviews the carrying amount of its intangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the charity estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Taxation
The charity is exempt from tax on its charitable activities.
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continued...
The Costume Society
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains / (losses) on investments' in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably.
Debtors and Creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
2. INVESTMENT INCOME
3.
4.
| Dividends & Interest RAISING FUNDS Investment management costs Investment Management Fees GRANTS PAYABLE Costume Conservation Grant Museum Work Experience Grant Patterns of Fashion & Performance Awards Yarwood Research Grant |
|
|---|---|
Two Costume Conservation Grants were awarded in 2023, £3,800 was paid to Museum of London and £2,230 was paid to The Friends of Leighton House, London. The Museum Work Experience Grant was paid to one individual working with Bradford Industrial Museum; the grant was split £1,500 to the individual and £500 to the Museum.
The Patterns of Fashion and Patterns for Performance Awards were paid to the eight finalists. The Yarwood Research Grant was paid to one student.
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The Costume Society
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
5. OTHER INCL. GOVERNANCE COSTS
Independent Examiner Fees for the Independent Examination £1,440 (2022 - £1,320).
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
The total expenses re-imbursed to Trustees was £3,542 (2022 - £726). Expenses were re-imbursed to 7 (2022 - 5) Trustees for postage, stationery, zoom fees, members visit and AGM costs plus meeting travel expenses.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Subscriptions & Legacies Charitable activities Costume Journal Conference Events & Visits Investment Income Total EXPENDITURE ON Raising funds Charitable activities Costume Conservation Grant Museum Work Experience Grant Patterns of Fashion & Performance Awards Yarwood Research Grant Costume Journal Members Newsletter Website & Social Media Membership Administration Cost Conference Events & Visits Officers Administrative Costs Other incl. Governance Costs Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) |
Unrestricted fund £ 28,668 12,047 2,045 1,964 440 45,164 347 - - - - 16,150 3,403 3,957 2,035 1,696 2,730 114 3,115 33,547 (2,359) 9,258 |
Restricted funds £ - - 500 - 6,921 7,421 5,540 5,030 2,000 3,400 500 - - - - 345 309 - - 17,124 (36,944) (46,647) |
Total funds £ 28,668 12,047 2,545 1,964 7,361 52,585 5,887 5,030 2,000 3,400 500 16,150 3,403 3,957 2,035 2,041 3,039 114 3,115 50,671 (39,303) (37,389) |
|---|---|---|---|
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The Costume Society
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 286,738 395,507 TOTAL FUNDS CARRIED FORWARD 295,996 348,860 8. INTANGIBLE FIXED ASSETS COST At 1st January 2023 and 31st December 2023 AMORTISATION At 1st January 2023 Charge for year At 31st December 2023 NET BOOK VALUE At 31st December 2023 At 31st December 2022 9. FIXED ASSET INVESTMENTS MARKET VALUE At 1st January 2023 Additions Disposals Revaluations At 31st December 2023 NET BOOK VALUE At 31st December 2023 At 31st December 2022 |
Total funds £ 682,245 644,856 Website £ 8,400 3,360 1,680 5,040 3,360 5,040 Listed investments £ 352,634 209,312 (9,551) 22,988 575,383 575,383 352,634 |
Total funds £ 682,245 |
|---|---|---|
| 644,856 |
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continued...
The Costume Society
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Royalties Due 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals for grants payable Other creditors |
|
|---|---|
Other creditors includes deferred income of £5,505 (2022 - £4,027) in respect of subscriptions received in advance. Members subscriptions are due on 1st January each year.
12. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Conservation Grant fund Jubilee Grants & Awards fund Daphne Bullard Grant fund TOTAL FUNDS |
At 1.1.23 £ 295,996 179,397 169,463 - 348,860 644,856 |
Net movement in funds £ 14,215 2,072 1,668 64,900 68,640 82,855 |
At 31.12.23 £ 310,211 181,469 171,131 64,900 |
|---|---|---|---|
| 417,500 | |||
| 727,711 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Conservation Grant fund Jubilee Grants & Awards fund Daphne Bullard Grant fund TOTAL FUNDS |
Incoming resources £ 43,127 3,054 3,911 62,824 69,789 112,916 |
Resources expended £ (35,439) (8,067) (9,175) (368) (17,610) (53,049) |
Gains and losses £ 6,527 7,085 6,932 2,444 16,461 22,988 |
Movement in funds £ 14,215 2,072 1,668 64,900 |
|---|---|---|---|---|
| 68,640 | ||||
| 82,855 |
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The Costume Society
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.22 £ Unrestricted funds General fund 286,738 Restricted funds Conservation Grant fund 201,114 Jubilee Grants & Awards fund 194,393 395,507 TOTAL FUNDS 682,245 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 45,164 (33,547) Restricted funds Conservation Grant fund 3,253 (7,688) Jubilee Grants & Awards fund 4,168 (9,436) 7,421 (17,124) TOTAL FUNDS 52,585 (50,671) |
Net movement in funds £ 9,258 (21,717) (24,930) (46,647) (37,389) Gains and losses £ (2,359) (17,282) (19,662) (36,944) (39,303) |
At 31.12.22 £ 295,996 179,397 169,463 348,860 644,856 Movement in funds £ 9,258 (21,717) (24,930) (46,647) (37,389) |
|---|---|---|
(a) The Unrestricted General fund is available to be spent for any of the purposes of the charity.
(b) The Conservation Grant fund was established with monies received from the Elizabeth Hammond Bequest and is invested to provide for the payment of the Society's annual Conservation Award.
(c) The Jubilee Grants & Awards fund was established in 2015 (fifty years on from the Society's original pre-charity formation date). This fund amalgamated various individual award funds with the Jubilee Appeal. The invested funds provide for the payment of the Society's grants and awards as well as funding discounted student tickets for those under the age of 27 attending the Society's annual conference.
(d) The Daphne Bullard Grant fund supports conservation and access projects for costume and textile related items in smaller UK accredited museums.
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The Costume Society
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2023.
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The Costume Society
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
| INCOME AND ENDOWMENTS Subscriptions & Legacies Donations Legacies Subscriptions Gift Aid on Subscriptions Other Income Investment Income Dividends & Interest Charitable activities Conference Booking Fees Booking Fees Events & Visits Publisher's Royalties Publisher's Grant Conference Contribution to Editorial Cost Total incoming resources EXPENDITURE Investment management costs Investment Management Fees Charitable activities Award Presentation Expenses Costume Journal Costs Members Newsletter Costs Website & Social Media Costs Membership Administration Cost Conference Costs Study Day & Visits Costs Officers Administrative Costs Website Costume Conservation Grant Grants & Awards Support costs Management Insurance & Other Admin Costs Sundry Expenses |
2023 £ 62,584 1,164 21,450 2,167 30 87,395 8,551 2,115 1,194 10,661 500 2,500 16,970 112,916 5,588 1,283 16,665 3,787 3,118 1,782 1,878 1,184 159 1,680 6,030 5,550 43,116 477 2 479 |
2022 £ 156 4,000 21,737 2,750 25 |
|---|---|---|
| 28,668 7,361 2,045 1,964 9,547 500 2,500 |
||
| 16,556 | ||
| 52,585 5,887 900 16,150 3,403 2,277 2,035 2,041 3,039 114 1,680 5,030 5,000 |
||
| 41,669 477 1 |
||
| 478 |
This page does not form part of the statutory financial statements
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The Costume Society
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
| Management Governance costs Committee Meeting Expenses Independent Examiner Fees AGM & Accounts Costs Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure) |
2023 £ 380 1,440 2,046 3,866 53,049 59,867 22,988 82,855 |
2022 £ 144 1,320 1,173 2,637 50,671 1,914 (39,303) (37,389) |
|---|---|---|
This page does not form part of the statutory financial statements
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