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REGISTERED COMPANY NUMBER: SC371432 (Scotland)
REGISTERED CHARITY NUMBER: SCO41288







Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31st December 2021

for

Dress for Success Scotland Ltd

Dress for Success Scotland Ltd






Contents of the Financial Statements
For The Year Ended 31st December 2021




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 11

Dress for Success Scotland Ltd (Registered number: SC371432)

Report of the Trustees
For The Year Ended 31st December 2021


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2021. 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).

FINANCIAL REVIEW
Financial position
The accounts highlight the challenges of the COVID-19 pandemic on our trading performance. As a provider of 'close contact' services, we were shut down part of the year as a result of a combination of local and national lockdown. This curtailed both our fundraising activities and service provision. As a consequence, whilst continuing to pay all our committed costs including relocation, due to our lease terminating, income was down mitigated only by Local government coronavirus grants.
Coming out of the pandemic we are focussed on building resilience and a return to normal operations.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC371432 (Scotland)

Registered Charity number
SCO41288

Registered office
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Trustees
Mrs M J Menzies Lawyer
Mrs F P McWhinnie Artist (appointed 31/7/2021)
Mrs I R McNicoll Consultant
Ms J McNulty Trustee (resigned 31/7/2021)
Ms E Bell Retired (appointed 10/11/2021)

Company Secretary
Mrs M J Menzies

Independent Examiner
JS MACKIE - CIMA
J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Approved by order of the board of trustees on 8th September 2022 and signed on its behalf by:



Mrs M J Menzies - Trustee

Independent Examiner's Report to the Trustees of
Dress for Success Scotland Ltd

I report on the accounts for the year ended 31st December 2021 set out on pages three to eleven.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








JS MACKIE - CIMA
J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

8th September 2022

Dress for Success Scotland Ltd

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
For The Year Ended 31st December 2021

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 18,933 - 18,933 5,081

Charitable activities
Charitable activities 20,500 - 20,500 -

Other trading activities 3 1,136 - 1,136 448
Investment income 4 21 - 21 76
Total 40,590 - 40,590 5,605

EXPENDITURE ON
Raising funds
Raising donations and legacies 4,127 - 4,127 1,621
Other trading activities - - - 207
4,127 - 4,127 1,828

Charitable activities
Charitable activities 15,571 - 15,571 7,681
Total 19,698 - 19,698 9,509

NET INCOME/(EXPENDITURE) 20,892 - 20,892 (3,904 )


RECONCILIATION OF FUNDS

Total funds brought forward 15,455 1,789 17,244 21,148

TOTAL FUNDS CARRIED FORWARD 36,347 1,789 38,136 17,244

Dress for Success Scotland Ltd (Registered number: SC371432)

Balance Sheet
31st December 2021

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 929 - 929 1,221

CURRENT ASSETS
Debtors 9 - - - 244
Cash at bank and in hand 36,493 1,789 38,282 17,836
36,493 1,789 38,282 18,080

CREDITORS
Amounts falling due within one year 10 (1,075 ) - (1,075 ) (2,057 )

NET CURRENT ASSETS 35,418 1,789 37,207 16,023

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,347

1,789

38,136

17,244

NET ASSETS 36,347 1,789 38,136 17,244
FUNDS 11
Unrestricted funds 36,347 15,455
Restricted funds 1,789 1,789
TOTAL FUNDS 38,136 17,244

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Dress for Success Scotland Ltd (Registered number: SC371432)

Balance Sheet - continued
31st December 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 8th September 2022 and were signed on its behalf by:





M J Menzies - Trustee

Dress for Success Scotland Ltd

Notes to the Financial Statements
For The Year Ended 31st December 2021

1. DISCLOSURE OF DONATIONS IN KIND

In respect of the premises rent it is received as an in-kind donation to the charity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

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.


Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021

3. OTHER TRADING ACTIVITIES
2021 2020
£    £   
Fundraising events 1,136 182
Sales income - 266
1,136 448

4. INVESTMENT INCOME
2021 2020
£    £   
Deposit account interest 21 76

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£    £   
Depreciation - owned assets 292 386

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020.


Trustees' expenses
2021 2020
£    £   
Trustees' expenses 1,700 564

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,081 - 5,081

Other trading activities 448 - 448
Investment income 76 - 76
Total 5,605 - 5,605

EXPENDITURE ON
Raising funds
Raising donations and legacies 1,621 - 1,621
Other trading activities 207 - 207
1,828 - 1,828

Charitable activities
Charitable activities 7,663 18 7,681

Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   
Total 9,491 18 9,509

NET INCOME/(EXPENDITURE) (3,886 ) (18 ) (3,904 )


RECONCILIATION OF FUNDS

Total funds brought forward 19,341 1,807 21,148

TOTAL FUNDS CARRIED FORWARD 15,455 1,789 17,244

8. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2021 and
31st December 2021

1,750

3,795

5,545

DEPRECIATION
At 1st January 2021 1,487 2,837 4,324
Charge for year 52 240 292
At 31st December 2021 1,539 3,077 4,616
NET BOOK VALUE
At 31st December 2021 211 718 929
At 31st December 2020 263 958 1,221

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 244


Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 355 1,337
Accrued expenses 720 720
1,075 2,057

11. MOVEMENT IN FUNDS
Net
movement At
At 1/1/21 in funds 31/12/21
£    £    £   
Unrestricted funds
General fund 15,455 20,892 36,347

Restricted funds
William Grant Foundation 973 - 973
Investing in Ideas 516 - 516
Stem Fund 250 - 250
North Lanarkshire Council 50 - 50
1,789 - 1,789
TOTAL FUNDS 17,244 20,892 38,136

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 40,590 (19,698 ) 20,892

TOTAL FUNDS 40,590 (19,698 ) 20,892


Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/1/20 in funds 31/12/20
£    £    £   
Unrestricted funds
General fund 19,341 (3,886 ) 15,455

Restricted funds
William Grant Foundation 973 - 973
Investing in Ideas 516 - 516
Stem Fund 250 - 250
North Lanarkshire Council 68 (18 ) 50
1,807 (18 ) 1,789
TOTAL FUNDS 21,148 (3,904 ) 17,244

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,605 (9,491 ) (3,886 )

Restricted funds
North Lanarkshire Council - (18 ) (18 )

TOTAL FUNDS 5,605 (9,509 ) (3,904 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/1/20 in funds 31/12/21
£    £    £   
Unrestricted funds
General fund 19,341 17,006 36,347

Restricted funds
William Grant Foundation 973 - 973
Investing in Ideas 516 - 516
Stem Fund 250 - 250
North Lanarkshire Council 68 (18 ) 50
1,807 (18 ) 1,789
TOTAL FUNDS 21,148 16,988 38,136

Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 46,195 (29,189 ) 17,006

Restricted funds
North Lanarkshire Council - (18 ) (18 )

TOTAL FUNDS 46,195 (29,207 ) 16,988

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2021.