IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3714322022-12-31SC3714322023-12-31SC3714322023-01-012023-12-31SC3714322021-12-31SC3714322022-01-012022-12-31SC3714322022-12-31SC371432ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-31SC371432ns15:PoundSterling2023-01-012023-12-31SC371432ns11:FRS1022023-01-012023-12-31SC371432ns11:IndependentExaminationCharity2023-01-012023-12-31SC371432ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC371432ns11:FullAccounts2023-01-012023-12-31SC371432ns11:CharitiesSORP2023-01-012023-12-31SC371432ns16:EnglandWales2023-01-012023-12-31SC371432ns11:RegisteredOffice2023-01-012023-12-31SC371432ns0:Trustee22023-01-012023-12-31SC371432ns0:Trustee12023-01-012023-12-31SC371432ns0:Trustee32023-01-012023-12-31SC371432ns0:Trustee42023-01-012023-12-31SC371432ns0:Trustee52023-01-012023-12-31SC371432ns0:Trustee62023-01-012023-12-31SC371432ns0:Trustee72023-01-012023-12-31SC371432ns0:Trustee82023-01-012023-12-31SC371432ns0:Trustee92023-01-012023-12-31SC371432ns0:Trustee102023-01-012023-12-31SC371432ns11:CompanySecretary12023-01-012023-12-31SC371432ns0:TotalUnrestrictedFunds2023-01-012023-12-31SC371432ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC371432ns0:Activity82023-01-012023-12-31SC371432ns0:TotalUnrestrictedFundsns0:Activity82023-01-012023-12-31SC371432ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31SC371432ns0:Activity82022-01-012022-12-31SC371432ns0:TotalUnrestrictedFunds2022-12-31SC371432ns0:TotalRestrictedIncomeFunds2022-12-31SC371432ns0:TotalUnrestrictedFunds2023-12-31SC371432ns0:TotalRestrictedIncomeFunds2023-12-31SC371432ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-31SC371432ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2023-12-31SC371432ns10:WithinOneYear2023-12-31SC371432ns10:WithinOneYear2022-12-31SC371432ns10:FurnitureFittingsToolsEquipment2023-01-012023-12-31SC371432ns10:ComputerEquipment2023-01-012023-12-31SC37143222023-01-012023-12-31SC371432ns10:OwnedAssets2023-01-012023-12-31SC371432ns10:OwnedAssets2022-01-012022-12-31SC371432ns0:TotalUnrestrictedFunds2022-01-012022-12-31SC371432ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC371432ns0:TotalUnrestrictedFundsns0:Activity82022-01-012022-12-31SC371432ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-01-012022-12-31SC371432ns10:FurnitureFittings2022-12-31SC371432ns10:ComputerEquipment2022-12-31SC371432ns10:FurnitureFittings2023-01-012023-12-31SC371432ns10:FurnitureFittings2023-12-31SC371432ns10:ComputerEquipment2023-12-31SC371432ns10:FurnitureFittings2022-12-31SC371432ns10:ComputerEquipment2022-12-31
REGISTERED COMPANY NUMBER: SC371432 (Scotland)
REGISTERED CHARITY NUMBER: SCO41288







Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31st December 2023

for

Dress for Success Scotland Ltd

Dress for Success Scotland Ltd






Contents of the Financial Statements
For The Year Ended 31st December 2023




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 12

Dress for Success Scotland Ltd (Registered number: SC371432)

Report of the Trustees
For The Year Ended 31st December 2023


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 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).

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 (resigned 1/8/2023)
Ms E Bell Retired
Ms C Haining Communications Manager (resigned 21/11/2023)
Miss B Christie Tech Analyst (appointed 8/3/2023)
Mrs P C Wallace (appointed 10/1/2024)
Miss J Bruce (appointed 10/1/2024)
Miss M J Mullane (appointed 10/1/2024)
Miss C F Todd Beauty Therapist (appointed 21/11/2023)
Mrs A McCulloch (appointed 13/3/2024)
Mrs N T Beal (appointed 14/8/2024)

Company Secretary
Mrs M J Menzies

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

Approved by order of the board of trustees on 26th September 2024 and signed on its behalf by:





Ms E Bell - 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 2023 set out on pages three to twelve.

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.








Mark Cooper FCCA
The Association of Chartered Certified Accountants

J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

26th September 2024

Dress for Success Scotland Ltd

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
For The Year Ended 31st December 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,124 2 5,126 3,047

Charitable activities
Charitable activities - 37,334 37,334 2,000

Other trading activities 3 3,941 - 3,941 2,831
Investment income 4 - - - 10
Total 9,065 37,336 46,401 7,888

EXPENDITURE ON
Raising funds
Raising donations and legacies 1,749 81 1,830 3,286
1,749 81 1,830 3,286

Charitable activities
Charitable activities 16,377 2,919 19,296 11,933

Other 694 15,426 16,120 -
Total 18,820 18,426 37,246 15,219

NET INCOME/(EXPENDITURE) (9,755 ) 18,910 9,155 (7,331 )


RECONCILIATION OF FUNDS
Total funds brought forward 27,016 3,789 30,805 38,136

TOTAL FUNDS CARRIED FORWARD 17,261 22,699 39,960 30,805

Dress for Success Scotland Ltd (Registered number: SC371432)

Balance Sheet
31st December 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 793 - 793 1,268

CURRENT ASSETS
Debtors 10 - - - 123
Cash at bank and in hand 17,997 22,698 40,695 30,290
17,997 22,698 40,695 30,413

CREDITORS
Amounts falling due within one year 11 (1,528 ) - (1,528 ) (876 )

NET CURRENT ASSETS 16,469 22,698 39,167 29,537

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,262

22,698

39,960

30,805

NET ASSETS 17,262 22,698 39,960 30,805
FUNDS 12
Unrestricted funds 17,262 27,016
Restricted funds 22,698 3,789
TOTAL FUNDS 39,960 30,805

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 2023

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 26th September 2024 and were signed on its behalf by:





E Bell - Trustee

Dress for Success Scotland Ltd

Notes to the Financial Statements
For The Year Ended 31st December 2023

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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

3. OTHER TRADING ACTIVITIES
2023 2022
£ £
Fundraising events 3,941 2,831

4. INVESTMENT INCOME
2023 2022
£ £
Deposit account interest - 10

5. NET INCOME/(EXPENDITURE)

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

2023 2022
£ £
Depreciation - owned assets 475 -

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
2023 2022
£ £
Trustees' expenses 1,004 2,107

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Employees 2 -

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,047 - 3,047

Charitable activities
Charitable activities - 2,000 2,000

Other trading activities 2,831 - 2,831
Investment income 10 - 10
Total 5,888 2,000 7,888

Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £

EXPENDITURE ON
Raising funds
Raising donations and legacies 3,286 - 3,286
3,286 - 3,286

Charitable activities
Charitable activities 11,933 - 11,933
Total 15,219 - 15,219

NET INCOME/(EXPENDITURE) (9,331 ) 2,000 (7,331 )


RECONCILIATION OF FUNDS
Total funds brought forward 36,347 1,789 38,136

TOTAL FUNDS CARRIED FORWARD 27,016 3,789 30,805

9. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st January 2023 and
31st December 2023

1,750

4,134

5,884

DEPRECIATION
At 1st January 2023 1,539 3,077 4,616
Charge for year 211 264 475
At 31st December 2023 1,750 3,341 5,091
NET BOOK VALUE
At 31st December 2023 - 793 793
At 31st December 2022 211 1,057 1,268


Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 123

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors - 155
Social security and other taxes 470 -
Pension creditor 223 -
Accrued expenses 835 721
1,528 876

12. MOVEMENT IN FUNDS
Net
movement At
At 1/1/23 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 27,016 (9,754 ) 17,262

Restricted funds
William Grant Foundation 973 - 973
Investing in Ideas 516 - 516
Stem Fund 250 - 250
North Lanarkshire Council 50 - 50
ScotWest Credit Union 2,000 (1,994 ) 6
The Fore - 6,083 6,083
Smallwood Trust - 14,820 14,820
3,789 18,909 22,698
TOTAL FUNDS 30,805 9,155 39,960

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 9,065 (18,819 ) (9,754 )

Restricted funds
ScotWest Credit Union 1 (1,995 ) (1,994 )
The Fore 15,000 (8,917 ) 6,083
Smallwood Trust 22,335 (7,515 ) 14,820
37,336 (18,427 ) 18,909
TOTAL FUNDS 46,401 (37,246 ) 9,155


Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/1/22 in funds 31/12/22
£ £ £
Unrestricted funds
General fund 36,347 (9,331 ) 27,016

Restricted funds
William Grant Foundation 973 - 973
Investing in Ideas 516 - 516
Stem Fund 250 - 250
North Lanarkshire Council 50 - 50
ScotWest Credit Union - 2,000 2,000
1,789 2,000 3,789
TOTAL FUNDS 38,136 (7,331 ) 30,805

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,888 (15,219 ) (9,331 )

Restricted funds
ScotWest Credit Union 2,000 - 2,000

TOTAL FUNDS 7,888 (15,219 ) (7,331 )

Dress for Success Scotland Ltd

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

12. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1/1/22 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 36,347 (19,085 ) 17,262

Restricted funds
William Grant Foundation 973 - 973
Investing in Ideas 516 - 516
Stem Fund 250 - 250
North Lanarkshire Council 50 - 50
ScotWest Credit Union - 6 6
The Fore - 6,083 6,083
Smallwood Trust - 14,820 14,820
1,789 20,909 22,698
TOTAL FUNDS 38,136 1,824 39,960

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 14,953 (34,038 ) (19,085 )

Restricted funds
ScotWest Credit Union 2,001 (1,995 ) 6
The Fore 15,000 (8,917 ) 6,083
Smallwood Trust 22,335 (7,515 ) 14,820
39,336 (18,427 ) 20,909
TOTAL FUNDS 54,289 (52,465 ) 1,824


Dress for Success Scotland Ltd

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.