NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31 MARCH 2024 Report and Financial Statements Period ending.. 31 March 2024 Company No. 2705833
Contents Page Report of the Directors and Trustees Report of the Independent Examiner Statement of the financial acb'vilies 10 Balan Sheet 11 Notes forniing part of the financial statement 12-15
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES REPORT OF THE DIRECTORS AND TRUSTEES FOR THE 11 MONTHS ENDED 31 MARCH 2024 INTRODUCTION The Trustees, who are also the Directors of the Charitable Company, have pleasure in presenting their report and the Company's unaudited accounts for the period ended 31 March 2024. The financial statements of the Charitable Company, which is a public benefit entity under FRS102, have been prepared under the historical costs convention and in accordanr2 with the Companies Act 2006, and the Statement of Recommended Practice SORP{FRS102) issued on 1 October 2019, applicable UK Accounting Standards and the Charities Act 2011. They deal with the transactions and assets and liabilities of the Northamptonshire Federation of Women's Institutes. Local Wls are self-accounting. REFERENCE AND ADMINISTRATIVE DETAILS Status The Northamptonshire Federation of Women's Institutes is a Company Limited by Guarantee {Company Number 2705833). It is also a registered charity (No. 1010740). REGISTERED AND PRINCIPAL OFFICE Wl House, 71 Park View, Moulton, Northampton, NN3 7UZ TRUSTEES The Trustees of the Charity are also the Directors of the Charitable Company. The current Trustees of the Northamptonshire Federation of Women's Insts'tutes and those who held office during the year are as follows'.- Jean Bates Denise Bott Linda Brett Chris Carr Rosie Duddy Susan Griffiths-marks (appointed 6 March 2024) Linda Llewellyn Jean McLeish Carolyn Reynolds Anne Rodwell Susan Shaw (appointed 1 November 2023) Heather Smith Pa8e12
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES Company Secretary Jackie Andrews The Company Secretary is head of the paid staff and is responsible for the day-to-day management of the office. PROFESSIONAL ADVISERS Independent Examiner Lorraine Scullion MAAT, 17 Peregrine Pla, East Hunsbury, Northampton NN4 OSL Bankers Co-operative Bank, PO Box 250, Dell House, Southway, Skelmersdale, WN8 6wr STRUCTURE, GOVERNANCE AND MANAGEMENT The Northamptonshire County Federation of Women's Institutes {NCFWI) represents the Wl Movement within the county of Northamptonshire. It comprises some 89 {2023, 93) affiliated Wls with a total membership of 2536 (2023, 2813). It acts as a conduit for communication between the National Federation and local members. Each Wl is represented at the Federation's Annual General MtIllg which shapes policy and strategy at county level. The Federation's Constituts'on is set out in its Memorandum and Articles of Association, which may be obtained from the registered Offi or from Companies House. PROCEDURES FOR THE RECRUITMENT AND APPOINTMENT OF DIRECTORS The Board of Trustees consists of up to12 members, elected biannually by the affiliated Wls, and up to three additional members may be co-opted annually. Any member of a Wl belonging to the Federab'on is eligible to stand for election to the Board. The Chairman, Treasurer and 0 or three vice-chainnen are elected annually by the Truslees from among their own number. POLICIES AND PROCEDURES FOR THE TRAINING AND INDUCTION OF DIRECTORS Training for Federation Chainnen, Treasurers and Secretaries is provided by the NFWI Training. It is also provided for Trustees and Independent Financial Examiners (IFE Trainers) in addition to guidance available on the Wl Members only websites, My Wl and Wl Training. Induction for new Trustees and new members of sub-committees is provided by NCFWI.
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES ORGANISATIONAL STRUCTURE AND DECISION MAKING The Board meets up to eleven times a year. A Finan committee including the Officers and certain Board members advise the Board on all aspects of the Federation's finanS. Much of the Board's work is delegated to sub-committees covering the Charitable Company's main areas of activity. Members of the Board chair these committees, other than Membership and Training due to the experien held within this committee. The committees include Membership and Training, Arts, Sport and Leisure, Media, Campaigns and Concems and Travel. The Board deternines policy and strategy based on the advi of the sub-committees. Execution of policy and strategies is the responsibility of the Federab'on's paid staff, aided by the appointed officers and subiommittee members, who are volunteers. The following matters require the approval of the Board:. Annual Budget Archive Policy Business Plan Disciplinary Procedure Emergency Action Plan Environmental Policy Equal Opportunities Policy Finan Policy lo include Capital Expenditure, Investment and ReseNe Policies Grievance Policy GDPR Policy Health & Safety Policy Intemet Policy Lone Worker Policy Risk Register Safe Guarding Children and Vulnerable Adults Policy Staff Recruitment Transgender Policy Website Policy The Federation's policies are reviewed annually, RISK MANAGEMENT POLICY The Board has considered Ihe principal risks to which the company is exposed including risks to the Charily's financial posib'on, premises and reputation, and have implemented policies to control these risks where neSsary. The risks confronb'ng the Organisalion are reviewed on a regular basis. The principal risks are consKlered to be financial and to a lesser extent reputational. Financial risks include the risk of losses arising:" from a decline in major income streams related to a fall in membership numbers from the fraudulent activikn'es of third parties as a result of breaches of laws or gUlationS which could expose the company to bsses arising from penalties and damages and from counterparties being unable to meet their obligations.
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES These risks are controlled by the implementation of sound g0Veman and the rnaintenan of adequate financial controls. The control environment includes segregation of duties (where practicable), authorisation procedures, budgetary controls and multiple signatory controls over payments. Debts are monitored and action is taken to follow up overdue InvolS. Adequate insurance is maintained to cover all risks to the Charity's property and the level of cover is reviewed annually, OBJECTIVES, ACTIVITIES AND STRATEGIES Objects The main purpose of the Women's Institute Organisation are:. a) to advance the education of women and girls for the public benefit in all areas, including, without limitation, local, national and intemational issues of Folitical and social importance, music, drama and other cultural subjects, and all branches of agriculture, crafls, home economics, scien, health and social welfare. b) to promote sustainable development for the public benefit by educating people in the preservation, conservation and protection of the environment and the prudent use of natural resOurS,. and promoting sustainable means of achieving economic growth and regeneration., c) to advan health for the public benefit., d) to advan citizenship for the public benefit by the promotion of civic responsibility and volunteering. The Federation seeks to give wornen the opportunity of working t()Jether through the Women's Institute organisation in their communities, of developing their capacity and skills, and of putting into practi those ideals for which the Women's Institute organisation stands. Activities Women generally, but in particular women with rural interests, together with their local communities benefit from the Federation's work. To assist in this we offer three educational bursaries. The Federation provides a forum in the centre of the County and a channel of communication beeen our National Federation and members belonging to individual Women's Institutes around the County - so allowing members, views to shape policy and strategy by representation to our National Federation, to National and Local Govemment, and to other relevant agencies. In addition, the Federation supplies a number of services to its members, both to individuals and to Wls which belong to the Federats'on, in furtherance of our objects. These inGlude'.- servIs to members such as'.- Conferences. courses, exhibitions, lectures and education activits'es Education visits in the UK The provision of small gifts, cards, diaries, computer fflefflory sticks, etc for purchase ScKial and fund-raising events A monthly newsletter delailing current and future events Servi5 to Wls such as:_ Identifying the need for and setting up new Wls Advice and support in running a Wl Lists of approved speakers available for meetings
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES Independent financial examination of annual accounts Training of officers The provision of official publications and handbooks. Strategies The key elements to the Federats'on's medium to long terrn strategy are:. To offer a wide range of learning opportunities, giving training in the widest sense, encouraging personal development and ensuring that traditional skills are preserved. To encourage Wl members to adopt healthier and more sustainable lifestyles, by supporting leisure activities, the sciences and combined arts. To raise the profile of our organisation locally and nationally, and maintaining our pjsition as a respected voic£ of reason, integrity and intelligence. Prlncipal objectlves for the 11 months ending 31 March 2024 To increase membership by promoling a positive image of the organisation and by raising the profile of the Federab'on within the local community. To support the NFWI'S campaigns at Ic(al level and raise members, awareness of social issues of importance both at home and abroad. To remain financially solvent and to build up our reserves to six months working capital. To develop and maintain our County headquarters in order to provide extended facility for members and other visiting and using the ntre. To support the Wls and their members and foster opportunities for friendship within the organisation. ACHIEVEMENTS AND PERFORMANCE Workshops run by the Membership and Training Committee and visits to Wls, especially the newly opened ones, continue to help members to gel the best from their membership of the Wl. Media coverage of Wl events has been maintained, and our website, and our Facebook page continues to infom members and non-members alike. We have continued to arrange and promte educational events, talks and workshops during the year providing a variety of interest to members, Our newsletter is circulated by email and we encourage our members to embrace digital technology and redu our carbon footprint. We continue to highlight NFWI campaigns in this publication. FINANCIAL REVIEW The Statement of Financial Activities (SOFA) shows a deficit of £25,981, {2023: £12,096 surplus), which includes an decrease in restricted funds of £188, {2023. £690 increase). The share of the annual subscription allocated to the Federation for 202314 was £10.80 per member and pro-rata in respect of new members joining the Wl from 1 July 2023, Donations have continued to be received for the General and Memorial Funds. We were able to host fa to fa Wl events which generated a surplus of £5,889 (2023 £7,731). The Board of Trustees approved a change in the accounting year end date such thal these accounts are for an eleven-month period to 31 March 2024. This change was made to align the Federalion's financial year with the membership subscription year. This facilitates financial control and planning for
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES the fvture. The results for the period under review have teen adversely affected by a reduction in membership numbers, increased operating Costs and the one4)ff effect of the change in yearend date. The Federation is actively seeking opportunities to open new local Wis and attract new members in general, and to promote Countywide events for the benefit of our members whilst also looking for opportunities to make savings in operating costs. RESERVE POLICY The Federation's principal asset continues to be Wl House. The Board of Trustees conb'nues to maintain adequate reserves to meet foreseeable VrkIng capital requirements. PUBLIC BENEFIT STATEMENT The objects of the Women's Institute organisation are stated ab)ve and it is the Federation's aim to offer them to all women in the county through membership of the Wl. Members pay an annual subscription, set nationally and shared between the Wl, the Federation and the Nats'onal organisation. Each Wl uses its portion of the subscription income to provide speakers on topics related to the aims of the organisation and to pay for suilable accommodation for its meetings. Each Wl raises additional funds lo cover further benefits for its members locally and to support the work of the Federation in providing courses and training, of interest and benefit to the Membership. The meeting rrn at Wl House (the WatsonlEady Room) with a seating capacity of 50 is available for hire by Wls wthin the Federation and by organisations active in the local community, FUTURE PLANS We plan to carry on updating the office technology as well as maintaining Wl House both intemally and extemally. The upkeep of the garden and its surrounding fences and gate will conb'nue. To review our financial prosses, including expenditure and establish opportunities where savings can be made with a view to reluming to financial stability. The Membership team continue to research areas in Northamptonshire to enable new Wls to be set up and to re-open Wls that have been suspended wthin the last three years. Training for Wl Presidents, Treasurers and Secretaries will continue. Indeperidenl Financial Examiner refresher training will be on-going to enable them to assist Wls with the preparation and examination of accounts. There are eight Independent Financial Examiners (IFE'S) and one IFE Trainer assigned to the Federation. Members will continue to be encouraged to read the monthly newsletter whtch highlights our campaigns and COnmS as well as infonns the members of the timetable and reports on the events held throughout the year. We plan to continue to work on Campaigns, as mandated by NFWI. Recent mandates include, dental health matters, avoid fcrf)d waste, address food povety, the appropriate care in hospitals for people with dementia, time to talk about organ donation, end Plastic Soup, help to alleviate loneliness and mental health matters. Other issues with which Wl members will be encouraged to become involved
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES are education. healthy cooking, recycling and reducing their carbon footprint and also the general issue of passing on craft and cooking skills to the next generation. We want the Wl to be an organisation of choi, inspiring and enriching the lives of all women and girls who wish to play an ackn've role in their communities, widen their horizons and learn new skills. STATEMENT OF TRUSTEES RESPONSIBILITIES Company and charity law require the Trustees to prepare financial stalements for each financial year which give a true and fair view of the state of affairs of the Federation and of its income and expenditure for that period. In preparing those financial statements, the Trustees are iequired to: Select suitable accounting policies and apply them consistently., Make judgments and estimates thal are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and Prepare the financial statements on a going concem basis unless it is inappropriate to assume that the Federation will continue lo operate. The Trustees are resp)nsible for k&ping proper accounting records which disclose with reasonable accuracy at any time the financial FYJSition of the Federation and to enable them to ensu that the financial statements comply with the Companies Act 2006, They are also respM)nsible for safeguarding the assets of the Charity and hence for taking reasonable steps to prevent and detect fraud and other irregularities. This report was approved by the Board of Trustees on 20 August, 2024 and signed on their behalf. Signed. a Q chaIan. Anne Rodwell
Independent Examinerfs Report to the Trustees of: NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES Registered Charity Number: 1010740 I report on the accounts of the Company for the year ended 31" March 2024 which are set out on the attached pages 10 to 15 Page 9 Respertive responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: Examine the account5 under Section 145 of the 2011 Act: Follow the procedures laid down in the general Directions given by the Charity Commission {under section 14515)Ibl of the 2011 Act. State whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordance with general directions given by the Charitv Commission. 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 of 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 no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention: l. Which gives me reasonable cause to believe that in any material respect, the requirement5: To keep accounting records in accordance with Section 386 of the Companies Act 2006; and To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the method5 and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities. 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. Lorraine scullion MAAT 21"August 2024
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES {A Company Limlted by Guarant8el Page 10 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31st MARCH 2024 2024 11 Months Not• Jnr•$trl¢tsc R•$trl¢ted to 31.03.24 Jnr•8trl¢te( Re8trlcted 2023 In¢om• from: Donation$ and legacies Charitable activities Investment Income Other Total Incomo 619 94,977 619 .922 322 126,326 322 128,671 1,945 2,345 96,457 98,402 126,648 2,345 128,993 EXpendIre on: Raising funds Charitable Actlvilies Other Total èxpendlture 123,555 828 124,383 116.207 690 116.897 123.SS6 820 124,383 116.207 690 116.897 Net Incomgllexpendlturo) 127,0981 1,117 125,9811 10.441 1,655 12.096 Transfer Befftn Funds Net movement In funds 1.305 125.7931 1.305 11881 965 11,4C 965 6) 125,981 } 12,096 Recon¢lll•tlon of Fund$: Total funds bfought fofward 476.063 26,837 502,900 464,657 26,147 490,804 Totsl funds carrled forward 450,270 26,649 476.919 476.063 26.837 502.9 All income and eypenditure derives from contsnuing activitie3. The statement of financial actiwties includes all aims and Ios583 recognised in the year.
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES {A Company Llmlt•d by Guarnntsel Page 11 BALANCE SHEET FOR THE YEAR ENDED 31st MARCH 2024 Corn Number: 270S833 2024 11 Months Nots Jnr•$trlcle¢ Re•trlcted to 31.03.24 Jnrn¥trl¢to¢ Ro$trlcted 2023 Flxèd Assets: Tangible Asset$ 421.556 421,556 421,556 421,556 Currnnt a$$ets Stocks Debtors Cash at Bank and in Hand 1,562 4,949 27.402 33,913 1,562 4,949 54,051 60.562 2.022 4,191 50,408 $6.621 2,022 4.191 77.245 83,458 26.649 26.649 26.837 26.837 Credltorn: Amounts falllng duo wlthln ono year {5,1991 15,199) 12,114) 12,1141 Net Current assets I Illabllltle81 28,714 26,649 55.363 54,507 26.837 81.344 Net a8setsl{IlabllltI) 450,270 26.649 476,919 467.237 23,567 502.900 Total ¢harlty fund8lldeflclti 450,270 26,649 476,919 467,237 23,567 502,900 Ch•rlty Fund8: Restricted Funds UnsIn¢ted and Desjgnated Reseryes Total Charlty Funds 26,649 26,649 450,270 476,919 26.837 26,837 476,C3 502,900 450,270 476.063 476,063 26,837 For the year ending 31st March 2024. the company was entitled lo exemption from audit under section 477 of the Companies Act 2006. The directors acknowledge their responsibilities for. li) the members have not quired the company to obtain an audit of ils accounts for the year in question in acrdanCe with sedion 476. lil) the directors athnovAedge their re$pon$ibililies for complying wlh the requirements of the Act with respect to accounting reo)rds and the preparation of accounls. liiil these accounts have been pPared in a¢¢ordan¢e with the provisions applicable to companies subject to the small companies, regime. The accounts have been prepared in accordance wth the spe¢ial provisions relating to small companies within the Compan*s Act 20C6. Approved by ts Board of Trustees on 2Qth August 2024 and swned on their behalf by: Anne Rodwell Dire¢lgrlChair
NORTHAMpfoNSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES (A Company Llmlted by Guarantee) Page 12 PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDED 318t MARCH 2024 Accountlng Pollcles The financial statements of the Charitable Company, vthich is a publi¢ entity under FRS 102, have been prepared under the hi$loncal cost Convention and in accordance with the Companies Ad 2006 and the Statement of Recommended Practic£ SORP IFRS1021 issued on 1st October 2019, applicable UK Accounling Slar¢dards and the Charities Act 2011. Forniat The Company has taken advantage of the provigions of the Companies Act 20C6 and PSented an income and expenditure account in the form of a Slalement of Financial Activities on the grounds that il enables the financial $talemenl8 to show a true and fair view of the SuIt for the year. Fund •¢¢ountlng General funds a unrestricted funds which are available for use al the discretion of the trustees in lurtherance of the general obj'ectives of the non-profit making charrty which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been set asKle by the trustees for particular purposes. The aim and use of each designated funds is sel out in the notes lo the financial statements. Reslricled fvnd$ are funds which are lo be used in accordan wth $pe¢ifi¢ restrictions imposed by the donors or which have been raised by the charity for particular purposes. Incomlng re•ou Voluntary income and donations a included in incoming resources when they are l¥able and the amount can be quantified with reasonable accuracy. Grants are brought inlo a¢¢ount on ceivable basis. Oeferred income represents amounts received for future periods and 1$ released lo incoming resources in the period for which Il has been received. Re$ources expended Expenditure is allocated on the statement of finanaal acaivrties betsween $tricted and unreslncted funds, and is further analysed betsyeen costs of generating funds and other chantable expenditure. All expenditure is accounted for on an accruals basis. Tanglble Ilxed assets and depreclatlon Land and Buildings for use by the charity are stated at cost The trustees believe that this polw is appropriate to the company's rCUMStanCeS and have decided lo adopt it. This represents a departure from the requirements of the Compan8 Act 2Cth bul the directors believe it to be necessary for the a¢¢ounts to 9how a true and fair view. Other tangible fixed assets are stated at cost less depreaalion Depreciation is ¢al¢ulated lo wrtte down the cost of all tangible fixed assets by instslmenls over the expected useful lives. Fumituffj, fixture$ and fitting¥ 15°/o on Intanglble Income Intangible income, in the form of donated facilities and voluntary help etc.. is not induded in the ffinancial slalemenls since il is not considered pra¢ti¢able to quantify such income. Penslon Scheme The Charity operates the NEST Pension Scheme in line wth current legi$lation.
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES {A Cofflpany Llmlled by Guaranto• Page 13 NOTES TO THE ACCOUNTS 1 Income from Charltabh actlvlties: Unre•trfcted Reslrlcted 2024 2023 County Sales Items Newslettefs Yearbooks National Draw Other Sales 1,889 971 30 716 1,327 4,933 3,416 27,584 23,650 12.724 888 21,726 1.889 971 618 19 619 1.463 2,719 8.883 44.149 37,633 12,854 1,314 21,033 716 1,327 4.933 3.476 27.584 23,650 14,669 Events lo raise fundg National affiliation fees Affiliation fees Other income Insurance Wl events Room hire, photocopying Totsl Income 1,945 21.726 94.977 1,946 96,922 128.671 2 Expendlture on Charflable actlvftles: Ro•trl¢tod 2024 2023 Cost of Sales Affiliation Fees paid to National Wl Expenses lor events Restncted Funds Payments Employment costs Premises expenses Insuran General running expenses Fundraising Depreciation NationallLocal AGM Govemance Trustee expenses Accounting Independent examination Total expendlture 2.140 38.079 19.253 2,140 38,079 19.253 828 35.451 4,959 3.421 9.416 1,606 1,423 39,295 19,271 690 35,580 3,963 3,389 9,679 828 35.451 4.959 3.421 9.416 1.606 6,123 6.123 1,478 229 1.400 123,556 1,478 229 1.4(FJ 124,383 1,983 220 1,404 116.897 828 2 Trustee and Employment Gross wages and salaries Employer pension 35,016 435 35,4S1 35.016 435 35,451 35,152 428 35.580 No employee eamed in excess of £60,000 during the year. Average number of full-time equivalent employees in the year. 1.5 {2023.'1.51 During the year. no trustees rer£ived any remuneration £nil. 12023 £nill Total expenditure reimbursed lo trustees amounted lo £nil12023..£nill Trustee travelling expenses were paid lo the following number181 of people £1,67812023'.£1,9831
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES (A Company Llmlted by Guarantee) P•g• 14 NOTES TO THE ACCOUNTS 3 Tanglble Flxed Assets: Equlpment Freehold Fumlture & Land and Flttlngs Buildlng8 Total Cost Brought forward Additions Disposals Carried forward 17,181 421,556 438,737 17.181 421.556 438,737 Dopr•¢latlon Brought lomard Charge for year Disposals Carried forward 17.181 17,181 17.181 17,181 Net Book Value Balance at 31.03.24 421,666 421,$56 Balance at 30.04.23 421,556 421,556 4 Stock Unmtrlctsé Restrlcted 2024 2023 Go(>as for resale 1,562 1,562 1,562 1,562 2.022 2.022 S Dèbtorn: Unrnstrl¢ted Re•trlctsd 2024 2023 Trade Debtors Other Debtors Prepaymenls and aCcnd income 886 1,226 2.637 4.949 1,157 1.226 2.837 4.949 3,034 4,191 8 Credhorn: Arnounts l•lllng due wlthln one year Unreslrlcted Restrlcled 2024 2023 Other creditors Taxation and Social Security Accrua15 Deferred Income 12961 13881 11,4301 1904) 12.0551 12.2401 5,199 19041 12,0551 2.240 5,199 2.114
NORTHAMPTONSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES IA Company Llmlted by Guarantee) Page 15 NOTES TO THE ACCOUNTS 7 Ro¥trl¢tsd Funds: Reststed Balanca Incomlng Resources Tran8fer 01.06.23 Re$our¢eg Expended between funds Balan¢• 31.03.24 Rostrlctod Funds Suspended Wl$ Memorial Bursary Fund Margaret Aspinal Bursary Agnes Salter - Denman Travel Fund Mary Sheldon Bursary 7.805 7,407 1,877 128 9,620 1,555 390 11,3051 8.055 7,439 1.877 128 9,150 26,649 (3581 470 828 1,945 1.305 Suspended Wls Fund arises vthen a Wl is suspended and any monies remaining are added lo this fvnd, if that Wl is refomied within three yea. any monies held are pa back to them. If not refonned. the mOY is transferred into the Fonnalion of new Wl fund. The Memorial Bursary provides funds for an educational bursary for local Wl's. Margaret Aspinal Bursary provides educational bursaiies for Denman College courses. As Denman Collage has dosed down, we are awaiting guMJance from the National Federation of Wl's to let us know how we deal with this. Agnes SaSler is to provide funds lo pay travel to and fram Denman College. As Denman college is closed we are wailing guidance from the National Federation of Wl's. Mary Sheldon bursary is available to all members for an educational course. 8 Unrestrlcted and Deslgnated Fund¥ Balanc• In¢omlng Reiour¢es Trnnsfor• 01.05.23 R•sources Expended 8alanc• 31.03.24 Unre$tri¢ted reserves Deslgnated rvJerve• Truimph with a tenner County Bounty ACM Pooling of fares Formation of new Wl's Denman College Donation Pauline Duff Trophey 4S6,441 94,092 {123,0101 17,231 444,754 8,883 2,505 2,181 6.018 27 18.8831 1408) 12.7221 13.8781 1271 1.824 541 1405) 3,516 1140) 476,063 96,457 123,5SS 1,305 460,270 9 SHARE CAPITAL AND MEMBERS LIABILITY The company is limited by guarantee and does not have a Sha capital. Every member of the cornpany undertakes to contribute to the assets of the company, in the event of it being wound up while helshe is a trustee or within one year afterwards. for payment of the debts and liabilities of the company. charges and expense5 of winding up and for the adjuslmenl of the rights of contnbulories among Ihernselves, such amounts as may be required not exceeding £1. 10 ULTIMATE CONTROLLING PARTY The charity is under the ullimale control of its trustees, the names of vthom a shown at the front of Ihese accounts.