REGISTERED COMPANY NUMBER: 02675573 (England and Wales) REGISTERED CHARITY NUMBER: 1010819
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2020
for
The Durham County Federation Of Women's Institutes
(A Company Limited by Guarantee)
Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN
The Durham County Federation Of Women's Institutes
Contents of the Financial Statements for the Year Ended 30 September 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 19 |
| Detailed Statement of Financial Activities | 20 to 21 |
The Durham County Federation Of Women's Institutes
Report of the Trustees for the Year Ended 30 September 2020
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 30 September 2020. 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 main purposes of the Women's Institute organisation are to enable women who are interested in issues associated with rural life, including arts, crafts and sciences, to improve and develop conditions in rural life, to advance their education in citizenship, in public questions both national and international, in music, drama and other cultural subjects and in all branches of agriculture, handicrafts, home economics, health and social welfare. It seeks to give women the opportunity of working through the Women's Institute organisation, and of putting into practice those ideals for which it stands. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging.
Significant activities
During the first half of the period, until Coronavirus restrictions were imposed in March, a full programme of activities was arranged for the members of the Federation ranging from Art & Craft Workshops, Quizzes to dinners with speakers or entertainment which always prove popular. After March, a full programme of Zoom activities was arranged, with workshops, demonstrations and speakers online. An annual meeting, virtual coffee with the chairman chats, online competitions and quizzes, a fortnightly News Bulletin and technical support for members new to technology were all included.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The support for online events, including Facebook activities in a members-only group, held during the period was good, as were campaigns to supply hospital scrubs and scrubs bags, scarves for the homeless and toiletry bags for hospital patients.
Membership was maintained and no institutes lost during this period. Our 300 club continues to be popular.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources are membership fees plus surplus on events and Zoom events organised throughout the year. The Board are continuing to price events so as not to deter members in the current difficult financial climate. Until the introduction of furlough, the office was staffed three days per week by Mrs Ann Williams-Maughan, Federation Secretary and Mrs June Carr, Assistant Federation Secretary, with help after March, coming from volunteers to maintain the operations of the federation.
Investment policy and objectives
Reserve funds are invested in Income Bonds with the National Savings and Santander, both of which the board feel is of little or low risk with a competitive rate of interest. Most of the Federation money is invested in WI House and equipment for online events, which is used for the benefit of the members.
Page 1
The Durham County Federation Of Women's Institutes
Report of the Trustees for the Year Ended 30 September 2020
FINANCIAL REVIEW
Reserves policy
The Federation aims to maintain free reserves equivalent to 6 months staff costs and overheads.
FUTURE PLANS
The Board continues to look to future events to raise funds to support the work of the Federation as soon as lockdown restrictions due to Coronavirus are lifted.
Planning is underway for a garden party, roadshow and other fundraising events over the year. The NFWI Annual Meeting due to be held at The Royal Albert Hall in London will now be held virtually and open to WI delegates and visitors.
Continuing support will be given to WIs to help retain and increase membership which gives funds to them at a local level as well as the federation
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.
Recruitment and appointment of new trustees
An election is held every three years for Trustees with the last being held in Spring 2020. The number of trustees has been reduced to a maximum of 12. Members are invited to nominate any member who they think would be suitable for the position, a secret ballot is then held when every WI has the right to vote for up to 12 members. The elected members nominate members to be co-opted and up to 3 each year are invited to join the board; this enables them to gain experience of the role before deciding if they wish to stand for election at a future date.
Organisational structure
The Durham County Federation of Women's Institutes is governed by a Board of Trustees which consists of a maximum of 15 members, including elected members and up to three co-opted members. The Board of Trustees elects its Chairman, two Vice Chairmen and Treasurer. The Board makes decisions relating to the running of the Charity and the upkeep of WI House. Under normal circumstances the day to day operation of the Federation is carried out by Mrs Ann Williams-Maughan, the Federation Secretary and Mrs June Carr, Assistant Secretary, who put into action the wishes of the Board and refer items back where necessary. However, both staff have been on furlough for most of the period, with trustee volunteers fulfilling their roles.
Induction and training of new trustees
There is a Trustees Handbook which is given to all Trustees on appointment. Training Courses are available, the tutors being supplied by NFWI on request.
Prior to the first meeting attended by new Trustees the current Chairman outlines the procedures for meetings and covers items such as confidentiality.
Wider network
The Durham County Federation is affiliated to the National Federation of Women's Institutes, the headquarters of which is in London.
Related parties
Within Durham County there are individual Women's Institutes who are affiliated to the County Federation who supports and encourages them in their activities.
Page 2
The Durham County Federation Of Women's Institutes
Report of the Trustees for the Year Ended 30 September 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The major risks identified by the Trustees have been reviewed and systems established to mitigate those risks, including those associated with Coronavirus. All activities arranged are evaluated from a safety and financial viewpoint as well as ensuring that they are within the objects of the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02675573 (England and Wales)
Registered Charity number
1010819
Registered office
W I House, Barnfield Road Spennymoor Durham DL16 6EB
Trustees
Miss J Adamson Mrs J M Alderson (resigned 17.3.20) Mrs S Bell (resigned 17.3.20) Mrs T S Bickerdike Mrs A Dinning (resigned 17.3.20) Miss S Dixon (resigned 17.3.20) Mrs S Fox Mrs J James Mrs L Jerred Mrs F Laverick Mrs S Openshaw Mrs D Proud Mrs B E Snowdon Mrs L Swift Mrs C Thompson (resigned 17.3.20) Mrs C Wharton (resigned 17.3.20) Mrs J Wilkie (resigned 17.3.20) Mrs A Dearlove (appointed 17.3.20) Mrs C Marley (appointed 17.3.20)
Company Secretary
Mrs A Williams-Maughan
Independent Examiner
Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN
Page 3
The Durham County Federation Of Women's Institutes
Report of the Trustees
for the Year Ended 30 September 2020
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23 March 2021 and signed on its behalf by:
Mrs A Williams-Maughan - Secretary
Page 4
Independent Examiner's Report to the Trustees of The Durham County Federation Of Women's Institutes
Independent examiner's report to the trustees of The Durham County Federation Of Women's Institutes ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Peter A Hodgson FCCA Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN
23 March 2021
Page 5
The Durham County Federation Of Women's Institutes
Statement of Financial Activities for the Year Ended 30 September 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 16,133 Charitable activities 4 Fundraising events 21,065 Charitable activities 19,247 Investment income 3 364 Other income 2,189 Total 58,998 EXPENDITURE ON Charitable activities 5 Fundraising events 14,002 Administration of charity 36,200 Governance costs 10,780 Total 60,982 NET INCOME/(EXPENDITURE) (1,984) Transfers between funds 17 6,625 Net movement in funds 4,641 RECONCILIATION OF FUNDS Total funds brought forward 277,431 TOTAL FUNDS CARRIED FORWARD 282,072 |
Restricted funds £ - - - - - - - - 634 634 (634) (6,625) (7,259) 10,410 3,151 |
30.9.20 Total funds £ 16,133 21,065 19,247 364 2,189 58,998 14,002 36,200 11,414 61,616 (2,618) - (2,618) 287,841 285,223 |
30.9.19 Total funds £ 2,916 75,314 23,670 366 4,024 |
|---|---|---|---|
| 106,290 50,907 41,038 11,200 |
|||
| 103,145 | |||
| 3,145 - |
|||
| 3,145 284,696 |
|||
| 287,841 |
The notes form part of these financial statements
Page 6
The Durham County Federation Of Women's Institutes
Balance Sheet
30 September 2020
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 204,019 Investments 12 24,000 228,019 CURRENT ASSETS Stocks 13 4,201 Debtors 14 5,502 Cash at bank and in hand 66,303 76,006 CREDITORS Amounts falling due within one year 15 (21,953) NET CURRENT ASSETS 54,053 TOTAL ASSETS LESS CURRENT LIABILITIES 282,072 NET ASSETS 282,072 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 3,151 - 3,151 - - - - - - 3,151 3,151 |
30.9.20 Total funds £ 207,170 24,000 231,170 4,201 5,502 66,303 76,006 (21,953) 54,053 285,223 285,223 282,072 3,151 285,223 |
30.9.19 Total funds £ 212,212 24,000 236,212 4,276 5,902 61,592 71,770 (20,141) 51,629 287,841 287,841 277,431 10,410 287,841 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
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The Durham County Federation Of Women's Institutes
Balance Sheet - continued
30 September 2020
-
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.
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 23 March 2021 and were signed on its behalf by:
Mrs S Fox - Trustee
Mrs F Laverick - Trustee
The notes form part of these financial statements
Page 8
The Durham County Federation Of Women's Institutes
Notes to the Financial Statements
for the Year Ended 30 September 2020
1. 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, with the exception of investments which are included at market value.
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.
Freehold property - in accordance with the property Improvements to property - in accordance with the property Fixtures and fittings - 10% on reducing balance Computer equipment - 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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.
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Catherine Cookson Believe Housing Durham County Council Coronavirus Job Retention Scheme Business Support Grant |
30.9.20 £ 40 16,093 16,133 30.9.20 £ - - - 6,093 10,000 16,093 |
30.9.19 £ 116 2,800 |
|---|---|---|
| 2,916 | ||
| 30.9.19 £ 500 500 1,800 - - |
||
| 2,800 |
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
| 3. | INVESTMENT INCOME | |||
|---|---|---|---|---|
| 30.9.20 | 30.9.19 | |||
| £ | £ | |||
| Deposit account interest | 364 | 366 | ||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 30.9.20 | 30.9.19 | |||
| Activity | £ | £ | ||
| Fundraising events | Fundraising events | 20,872 | 75,036 | |
| Denman | Fundraising events | 193 | 278 | |
| Subscriptions | Charitable activities | 18,426 | 20,092 | |
| Newsletters | Charitable activities | 304 | 3,074 | |
| NFWI raffle | Charitable activities | 517 | 504 | |
| 40,312 | 98,984 | |||
| 5. | CHARITABLE ACTIVITIES COSTS | |||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 6) | Totals | ||
| £ | £ | £ | ||
| Fundraising events | 14,002 | - | 14,002 | |
| Administration of charity | 36,200 | - | 36,200 | |
| Governance costs | - | 11,414 | 11,414 | |
| 50,202 | 11,414 | 61,616 | ||
| 6. | SUPPORT COSTS | |||
| Management | ||||
| £ | ||||
| Governance costs | 11,414 | |||
| 7. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 30.9.20 | 30.9.19 | |||
| £ | £ | |||
| Depreciation - owned assets | 6,574 | 6,439 | ||
| Other operating leases | 663 | 771 |
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
Trustees' expenses
The trustees received expense payments totalling £2372 during the year (2019 £3978)
9. STAFF COSTS
| 30.9.20 £ Wages and salaries 24,631 Other pension costs 231 24,862 The average monthly number of employees during the year was as follows: 30.9.20 Administrative staff 2 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 116 2,800 Charitable activities Fundraising events 75,036 278 Charitable activities 23,670 - Investment income 366 - Other income 4,024 - Total 103,212 3,078 EXPENDITURE ON Charitable activities Fundraising events 50,804 103 Administration of charity 39,238 1,800 Governance costs 10,693 507 Total 100,735 2,410 |
30.9.19 £ 24,175 192 24,367 30.9.19 2 Total funds £ 2,916 75,314 23,670 366 4,024 |
|---|---|
| 106,290 50,907 41,038 11,200 |
|
| 103,145 |
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
| 10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| NET INCOME | 2,477 | 668 | 3,145 | |||
| Transfers between funds | (100) | 100 | - | |||
| Net movement in funds | 2,377 | 768 | 3,145 | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 275,054 | 9,642 | 284,696 | |||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 277,431 | 10,410 | 287,841 | |||
| 11. | TANGIBLE FIXED ASSETS | |||||
| Improvements | Fixtures | |||||
| Freehold | to | and | Computer | |||
| property | property | fittings | equipment | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At 1 October 2019 | 131,717 | 111,057 | 42,096 | 6,525 | 291,395 | |
| Additions | - | - | - | 1,532 | 1,532 | |
| At 30 September 2020 | 131,717 | 111,057 | 42,096 | 8,057 | 292,927 | |
| DEPRECIATION | ||||||
| At 1 October 2019 | 12,511 | 32,054 | 28,645 | 5,973 | 79,183 | |
| Charge for year | 2,634 | 2,221 | 1,346 | 373 | 6,574 | |
| At 30 September 2020 | 15,145 | 34,275 | 29,991 | 6,346 | 85,757 | |
| NET BOOK VALUE | ||||||
| At 30 September 2020 | 116,572 | 76,782 | 12,105 | 1,711 | 207,170 | |
| At 30 September 2019 | 119,206 | 79,003 | 13,451 | 552 | 212,212 |
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
12. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 October 2019 and 30 September 2020 NET BOOK VALUE At 30 September 2020 At 30 September 2019 There were no investment assets outside the UK. 13. STOCKS Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accruals and deferred income |
Unlisted investments £ 24,000 24,000 24,000 30.9.20 30.9.19 £ £ 4,201 4,276 30.9.20 30.9.19 £ £ 91 - 5,411 5,902 5,502 5,902 30.9.20 30.9.19 £ £ - 177 3,960 4,219 17,993 15,745 21,953 20,141 |
|---|---|
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
16. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Between one and five years 17. MOVEMENT IN FUNDS Unrestricted funds General fund Designated Fund Restricted funds Memorial Fund - Mrs Henderson Memorial Fund - Gerta Fox Bursary - Pelton Fell Bursary - East Stanley Bursary - Willington Bursary DCC - Grant Shutter Denman College Room Fund Financial Services Authority Catherine Cookson I.T. Grant Believe Housing Grant TOTAL FUNDS |
At 1.10.19 £ 247,438 29,993 277,431 155 500 350 500 594 370 2,835 4,084 72 450 500 10,410 287,841 |
Net movement in funds £ (1,984) - (1,984) - - - - - - (411) - - (150) (73) (634) (2,618) |
30.9.20 £ 663 Transfers between funds £ 6,625 - 6,625 (155) (500) (350) (500) (594) (370) - (4,084) (72) - - (6,625) - |
30.9.19 £ 771 At 30.9.20 £ 252,079 29,993 |
|---|---|---|---|---|
| 282,072 - - - - - - 2,424 - - 300 427 |
||||
| 3,151 | ||||
| 285,223 |
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Incoming | Resources | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 58,998 | (60,982) | (1,984) | |
| Restricted funds | ||||
| DCC - Grant Shutter | - | (411) | (411) | |
| Catherine Cookson I.T. Grant | - | (150) | (150) | |
| Believe Housing Grant | - | (73) | (73) | |
| - | (634) | (634) | ||
| TOTAL FUNDS | 58,998 | (61,616) | (2,618) |
Comparatives for movement in funds
| Unrestricted funds General fund Designated Fund Restricted funds Memorial Fund - Mrs Henderson Memorial Fund - Gerta Fox Bursary - Pelton Fell Bursary - East Stanley Bursary - Willington Bursary DCC - Grant Shutter Denman College Room Fund Financial Services Authority Catherine Cookson I.T. Grant Believe Housing Grant TOTAL FUNDS |
At 1.10.18 £ 245,061 29,993 275,054 155 500 350 500 594 370 3,292 3,809 72 - - 9,642 284,696 |
Net movement in funds £ 2,477 - 2,477 - - - - - - (457) 175 - 450 500 668 3,145 |
Transfers between funds £ (100) - (100) - - - - - - - 100 - - - 100 - |
At 30.9.19 £ 247,438 29,993 |
|---|---|---|---|---|
| 277,431 155 500 350 500 594 370 2,835 4,084 72 450 500 |
||||
| 10,410 | ||||
| 287,841 |
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds DCC - Grant Shutter Denman College Room Fund Catherine Cookson I.T. Grant Believe Housing Grant DCC - Boiler Grant TOTAL FUNDS |
Incoming resources £ 103,212 - 278 500 500 1,800 3,078 106,290 |
Resources expended £ (100,735) (457) (103) (50) - (1,800) (2,410) (103,145) |
Movement in funds £ 2,477 (457) 175 450 500 - 668 3,145 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated Fund Restricted funds Memorial Fund - Mrs Henderson Memorial Fund - Gerta Fox Bursary - Pelton Fell Bursary - East Stanley Bursary - Willington Bursary DCC - Grant Shutter Denman College Room Fund Financial Services Authority Catherine Cookson I.T. Grant Believe Housing Grant TOTAL FUNDS |
At 1.10.18 £ 245,061 29,993 275,054 155 500 350 500 594 370 3,292 3,809 72 - - 9,642 284,696 |
Net movement in funds £ 493 - 493 - - - - - - (868) 175 - 300 427 34 527 |
Transfers between funds £ 6,525 - 6,525 (155) (500) (350) (500) (594) (370) - (3,984) (72) - - (6,525) - |
At 30.9.20 £ 252,079 29,993 |
|---|---|---|---|---|
| 282,072 - - - - - - 2,424 - - 300 427 |
||||
| 3,151 | ||||
| 285,223 |
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
17. 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 | 162,210 | (161,717) | 493 |
| Restricted funds | |||
| DCC - Grant Shutter | - | (868) | (868) |
| Denman College Room Fund | 278 | (103) | 175 |
| Catherine Cookson I.T. Grant | 500 | (200) | 300 |
| Believe Housing Grant | 500 | (73) | 427 |
| DCC - Boiler Grant | 1,800 | (1,800) | - |
| 3,078 | (3,044) | 34 | |
| TOTAL FUNDS | 165,288 | (164,761) | 527 |
Transfers between funds
Following the NFWI Board of Trustees announcement that Denman College is closing permanently, all restricted funds held in relation to Denman College totalling £6625 have been transferred to the unrestricted general fund.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2020.
19. ULTIMATE CONTROLLING PARTY
The charity is a company limited by guarantee and has no share capital, therefore there is no single controlling party. The charity is controlled by the Board of Trustees as a whole. Each member of the charitable company guarantees to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 30 September 2020 was 12.
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The Durham County Federation Of Women's Institutes
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
20. DESIGNATED FUND
The purpose of the designated fund is to cover the costs of completion of the future property improvements undertaken at Barnfield Road, Spennymoor. The Federation has been informed that there will be ongoing problems with the floor which will require further work at some point in the future. This is not at present quantifiable, however the trustees believe that the balance of the designated funds at 30 September 2020 will be sufficient to cover any costs which may arise.
Page 19
The Durham County Federation Of Women's Institutes
Detailed Statement of Financial Activities for the Year Ended 30 September 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Deposit account interest Charitable activities Subscriptions Newsletters NFWI raffle Fundraising events Denman Other income Insurance Other income Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Training Cleaning Carried forward |
30.9.20 £ 40 16,093 16,133 364 18,426 304 517 20,872 193 40,312 1,587 602 2,189 58,998 24,631 231 1,057 1,870 1,166 1,172 1,525 524 1,043 244 33,463 |
30.9.19 £ 116 2,800 |
|---|---|---|
| 2,916 366 20,092 3,074 504 75,036 278 |
||
| 98,984 1,648 2,376 |
||
| 4,024 | ||
| 106,290 24,175 192 1,040 1,823 1,712 1,199 3,440 715 560 650 35,506 |
This page does not form part of the statutory financial statements
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The Durham County Federation Of Women's Institutes
| Charitable activities Brought forward Bursaries Bank charges Fundraising events Denman Repairs & renewals Support costs Management Other operating leases Accountancy fees Professional fees Freehold property Improvements to property Fixtures and fittings Computer equipment Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 30 September 2020 |
30.9.20 £ 33,463 - 308 14,002 195 2,234 50,202 663 3,540 637 2,634 2,221 1,346 373 11,414 61,616 (2,618) |
30.9.19 £ 35,506 644 819 50,804 103 4,069 |
|---|---|---|---|
| 91,945 771 3,540 450 2,634 2,221 1,495 89 |
|||
| 11,200 | |||
| 103,145 | |||
| 3,145 |
This page does not form part of the statutory financial statements
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