BRITISH FASHION COUNCIL FOUNDATION

Charity Number: 1185152
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Education/training The Prevention Or Relief Of Poverty Arts/culture/heritage/science Economic/community Development/employment

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,852,899

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Donations and legacies £1.67m
Charitable activities £0
Other trading activities £0
Investments £183.11k
Other £0

Total expenditure:
£1,263,482

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Raising funds £0
Charitable activities £1.26m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £0
Charitable expenditure £1.26m
Retained for future use £589.42k

People

6 Trustee(s)

1 Volunteer(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Arts/culture/heritage/science
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 03 September 2019: Standard registration
  • 13 December 2021: Funds received from 1064820 THE BRITISH FASHION COUNCIL EDUCATION FOUNDATION
  • 14 February 2022: Funds received from 1064820 THE BRITISH FASHION COUNCIL EDUCATION FOUNDATION
  • 19 May 2022: Funds received from 1139079 BFCVDFF LIMITED
Organisation type:
Charitable company
Other names:

No other names

Company number:
11917315 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
No policies declared
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Laura Weir Trustee 28 April 2025
None on record
Andin Fonyonga Trustee 15 April 2024
None on record
David Pemsel Trustee 09 September 2022
None on record
Pam Batty Trustee 30 April 2022
None on record
Laura Davidson Trustee 01 April 2019
None on record
CAROLINE RUSH Trustee 01 April 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.15m £4.95m £1.92m £1.32m £1.85m
Total expenditure £25 £1.43m £938.69k £1.08m £1.26m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £1.15m £4.95m £1.92m £1.29m £1.67m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £112 £1.59k £470 £35.90k £183.11k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £2.87m £0 £0 £0
Expenditure - Charitable activities £0 £1.43m £938.69k £1.08m £1.26m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £774 £0 £2.97k £570
Expenditure - Grants institution £0 £0 £938.65k £990.00k £1.24m
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £25 £3.65k £0 £50 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £1.38m £4.79m £5.72m £5.95m £6.82m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £227.89k £124.93k £69.08k £58.54k £339.09k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 25 October 2024 On Time
Accounts and TAR 31 March 2024 25 October 2024 On Time Download Open in new window
Annual return 31 March 2023 30 January 2024 On Time
Accounts and TAR 31 March 2023 30 January 2024 On Time Download Open in new window
Annual return 31 March 2022 07 November 2022 On Time
Accounts and TAR 31 March 2022 07 November 2022 On Time Download Open in new window
Annual return 31 March 2021
Accounts and TAR 31 March 2021
Annual return 31 March 2020 23 June 2021 143 days late
Accounts and TAR 31 March 2020 23 June 2021 143 days late Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 01 APR 2019 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 17 MAY 2019

Charitable objects

3.1 THE OBJECTS OF THE CHARITY ARE, FOR THE BENEFIT OF THE PUBLIC - (1) THE PROMOTION OF THE ART OF FASHION DESIGN IN CLOTHING AND RELATED ACCESSORIES (FOR CONVENIENCE REFERRED TO AS ‘CLOTHING’) AND THE ADVANCEMENT OF EDUCATION IN THAT ART IN PARTICULAR BY - (A) FOSTERING AND PROMOTING CONTEMPORARY CLOTHING FASHION DESIGN OF MERIT THROUGH THE CONDUCT OF COMPETITIONS AND THE GIVING OF AWARDS OR PRIZES TO THOSE SUCCESSFUL IN THEM; (B) PROVIDING SCHOLARSHIPS, EXHIBITIONS, PRIZES AND OTHER FINANCIAL ASSISTANCE TO (BUT NOT EXCLUSIVELY TO) STUDENTS OF CLOTHING FASHION DESIGN; (C) ESTABLISHING, AND PROMOTING THE CREATION OF, APPRENTICESHIPS IN CLOTHING FASHION DESIGN; (D) PROMOTING, ORGANISING, HOLDING AND UNDERTAKING FASHION SHOWS, EXHIBITIONS AND EVENTS AND IN PARTICULAR FASHION SHOWS AS PART OF THE FASHION CALENDAR, AND SECURING THE PARTICIPATION, ASSISTANCE AND SUPPORT OF OTHER FASHION SHOW EXHIBITION AND PROMOTIONAL ORGANISERS; (E) ENCOURAGING, HELPING, ASSISTING, PROMOTING AND UNDERTAKING BY WHATEVER MEANS, INCLUDING THE ESTABLISHMENT OF TRUSTS AND OTHER BODIES CORPORATE OR UNINCORPORATED AS THE TRUSTEES MAY CONSIDER APPROPRIATE, THE EDUCATION, INSTRUCTION, TRAINING AND ESTABLISHMENT OF PERSONS WHO ARE OR MAY BE EMPLOYED IN THE BRITISH CLOTHING FASHION INDUSTRY AND IN PARTICULAR OF FASHION DESIGNERS; (F) PROMOTING, ORGANISING AND UNDERTAKING RESEARCH AND INVESTIGATION INTO ALL ASPECTS OF ANY MATTERS RELATED THE ART OF CLOTHING FASHION DESIGN, AND TO PUBLISH PAPERS, MATERIALS AND INFORMATION IN ANY FORM RESULTING FROM SUCH RESEARCH AND INVESTIGATIONS; (2) THE ADVANCEMENT OF THE CLOTHING FASHION INDUSTRY THROUGH THE IMPROVEMENT OF STANDARDS AND QUALITY OF PERFORMANCE WITHIN THE INDUSTRY IN PARTICULAR BY (A) PROMOTING SCHEMES FOR GIVING PUBLIC RECOGNITION TO PRODUCTS DISPLAYING HIGH STANDARDS OF CLOTHING FASHION DESIGN; (B) SUPPORTING INITIATIVES FOR SAFEGUARDING THE HEALTH OF CLOTHING FASHION MODELS; (C) RESEARCHING AND DEVELOPING SUSTAINABLE, EFFICIENT AND EFFECTIVE METHODS OF PRODUCTION AND SUPPLY, IN ORDER TO ACHIEVE ECONOMIC GROWTH AND REGENERATION WITHIN THE CLOTHING FASHION INDUSTRY; (D) CREATING WITHIN THE CLOTHING FASHION INDUSTRY A SENTIMENT IN FAVOUR OF EQUALITY AND DIVERSITY; (E) PROVIDING SUPPORT FOR NEW VENTURES WITHIN THE CLOTHING FASHION INDUSTRY WHERE FOR FINANCIAL OR OTHER REASONS OF CHARITABLE NEED SUCH SUPPORT WOULD OTHERWISE BE UNAVAILABLE. (3) THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC, AND IN PARTICULAR THE RELIEF OF UNEMPLOYED PEOPLE QUALIFIED TO WORK IN THE CLOTHING FASHION BUSINESS.

Contact information

Address:
Soho Works,
180 The Strand,
LONDON
WC2R 1EA
Phone:
02077591999
Email:
info@britishfashioncouncil.com
Website:

www.britishfashioncouncil.co,uk Open in new window