Draft Financial Stat8m8nts at 12 Jufy 2023 at 08:51..51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTITUTES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MA Y2023 Th8 tnJstee$ present Ihek annual retyyt and finanrial slatemenls for Ihe y88f ended 31 May 3J23. The fin8nci 3taiements ha¥t been pr8pafad in aCanCe th the 8ccounts.ng lICIeS set rArt in note 1 to Ihe ffinanc sBtemenls 8nd compty writh Ihe charilys t90ming dctumentl. the Companies Act 21N)6 and 'Aco)unting 8nd Reportlng by Charilitis.. Statem•nl of R8¢Cm8nded Pr8e1 to car.9$ prepanng their accounts in acdance with the Fnancial Rep Standard 8pFAicat48 in the UK aThJ RèrAJbb'c ol Ir818nd IFRS 1021" leff8ctfv¢ 1 January 20191. ObJ•ctlv•• and •ctlvttl•J Th8 Women's Instytule organlsakn Is ed on Ideals offeknvshlp, Inth. tc4&rance andjuslkn. Thè rnn purp(•g oflhe Women's Instillrte oryanisaiion aro.. To advance the edu¢al)n ol vmen and girfs for the ben•frt in al iichjdlng I@1, ro.1)nal and k)iam8tional Issugs of poktso18ThJ scrfial IMdance.. rnusic, dram? aThJ othgr oJltur81 wbiects aThl al bra•$ of 8orioJlture, uafts. homg ewncfftk, 8denc, he81th and #odal welfare., To pronM>te 8U$talnabl8 d8veWn8nt for Iha pubk be¢)81 ty educ•lng p8opla Èn the yogrnlon, cfjrn8Th8lon an¢J proteclknn the envbrDnffnl and th8 pNdent Use of n8turnl resources and promoong sustalnaLle Means ol achiewng economK growth and r8generation lo advance h8atth lor th8 putrth'c beIrIt.. and To advants dze kn Ihe putlc ben8fft by the Ixonth ofd¥k resprn61IIY and Ynto9rg. The Wom•n's Insti18 (Xganrda0n seeks to give Wren th8 oP[UrtY ol wThing tO9eiher through th8 Women's Institute LKganisation In Ihelr communNJes. of de¥elow"ng their capacity and skils. aThJ ol pultsw into pracCe thos• &als lor which th8 Worn•n's In$'tUto St4nd& The ch8rity's pn'ncip81 objectlves conthiue to be.. To proftv)t8 rnembersNp arhy imtdonwnt rWnJltmI knllal¥•¥ In order b) 9•ln 8Th1 r6faln m8mbtyB aj prnTh)te 91tfve rnlxlem Image ol the organisaJon. ro offer a range of leamlng opwjrtunrtbes. 8ncwragIj pgrsonal dèvelopment, promotlng IifeloThJ le8mlng and ensuriwvJ trt IrJrti(Thl skI15 are promoied. To encour Wl Membe to adopt hthr, susl&itAe lrfestykn by lurth•r d•vebpng ow work In Ih)me ecy)nomi¢¥ aThJ by pry)motinp grKwrnging partlc¥ith'on in and knsurè activi$. sc4ence a1 ¢0mn•d arts. To incrèase inlluents ol the Wl on le91at0, dl$lOn makers and th• putlie ai with regard to k>eal, natbnal and knlamatkjnal ISS olpc4lttal sc¢W Impcrftsnce. The trustees hav8 paid due rn98rd trj gub[Th Iswed by the Charty Commlsslon what aivMes the th4nty sIKld undertake. The Fed8rAtA)n held 8 numtr ol •vents anrt outsngs during thg year as d&t4led undèr FuThJrèisr@ Acivil. Achlw•m•nts and p•rfomian Thls y88r has shown 8 rened entr8$M tr adkng meofjngs loknhng 8 durin9 tho Cowd ygars and 8 wiallsation of the spiiii whlch und8rpins thls great oryani58tiDn. Annual Federat40n events such as crnq, Darts, Skrtlle5 a1 the I11 cOmpe"tn$ b8en rusurr•lgJ and have been WÈ¥ supported, as hav• the F&J•rBIM tiiF6 io BamKJulh. Cardrff Chlistrnas Mse[ The Nutcracker ballèt ttn¢J Slamford Markat. M8ssam in tritrrtjte to outstaThJw cthitjulth to Wl kf6 in nera and to our F•d8ralKffl m partwlar over nearty So years ofserV. During the year to 31 May 2023 lh8 vahm of investmènts rose further. additiord lunds woro i8$1. The k)v05trngnts ar¥ hgld in funds vthich accumulato inc(xne from the (tnd•rfyry investrn8nts, relkntwj in the pricg of th8 unts, and thè Feder8tK)n draw5 8 fixed mnthty sum by 581es of units.
Draft FInala1 statom• at 12 July 2D23 at l)8:51:51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTrfuTES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2023 Fln•nclal rnvl•w It is the p(A¢cy of thB charty that unre5trTLtsI funds whknh have not been deswate4J ftw a SFwf use be mainlained 81 a ¥818U818nt to three 8nd ssx fflonth5' 8xpenditure. The trusiee5 con51der that reserves Bt this level wll ensure that. In the evenl ol a &gnrfKanl drop in funding. they w1 be atrle to rJ)ntinu8 the eharrty's rAJrrent adiwb85 whsl? COnd&r8.0n 15 gN8n to ways in whth addth'onal funds may b8 r8ts8d. This18val of reserves has baen mainlained Ihr(wJhwt Ihe year. The compBnls Inbwknnt prfnrjfv alm to gl¥e a b8knnce of Income KI 9mWth ov•r l• I t•nn. whth tha bDafd expLts to be achkved. Tho tnmtses have asse58ed the major risks to which the tharity is e¥tKwl, Bnd Bre 5thfi8d thBt 5y51ems In to wr¥bpa¢e •xrrt)wre lo th¢ m8pr rk8. stru¢tyr•, go¥•rn•ne• •nd m•Mg•m•nt Th8 FraOn was tablIShe{l In 1976 and kncowal•d under the Comp8nlesAct on 15 1992 a$ o ¢tsrnP8ny limited by waranteg. wgmgd by Its Mgrnor8ndum and Arlth of A55ooalhJn. Thè Ilmit company was wistered wrth the Ch8rftles cMISsn on 2 Jlly 1992. The chair and honorary treasurer are dyectors for th8 purposes ol the Compan Acts and Ihis Trustees, Report indud•s th• r•quir•m•nts ol a Llrnctots. R•port und•r tha Comparies Act. TW ond olher members 01 th? Ex8cutsve Committee are Trustees ol the registered charity. m Iri% Mffilgomery Mrs L B Smith Mrs L Galoway Mrs C Mafsh Mr8 D Haddoc Mr8 J M88sam J Poyner Mrs C S#ars Mrs Klm SllvSn$ Mrs D Ststhèm Mrs C WcMJdLand Mrs J AlTrdi Marts"n Mrs D Arkin5ta trs A Turnbull {R$¥[gn 7 20221 {Rglunl 7 July 20221 (Redgmd 7 Juty 20221 {AppoknknJ 16 May 20231 Tha Bo8ft1 ol Trusl••s con%sts ol b•twn eight 8ThJ fifteen pers who musl retwe after every Ihwd annual generd meekn'ng. The elecled Commit99 of Truth83 rnay ¢wpl •dth1wjn up to ol their numbsr. No r$On may 91oCt8d or ro418cted as a Commltt•e Menor at a m801¥ ¥hg bgen nomnated by a Commiit88 Mernr. The M)Th)rary Offi( ol the Feder8bL4). the Cha. Treasurer and Vke Chatr ar8 8leLl8d annualty by Ihe Truste8s ITOM among thèir own members. The Faderalh)n musl hohl an Annual General Meeb"rrfJ once n each catendar year. not later than 15 months Aftèr Iha previcAs AGM. addition to any Othèr m8•tsngs hald in thAI yeaf. Al other members. rneeb.ngs are 11 Extraordinary Meelings, which may be caVAd al any brne reqU110n swjnad by om t•nth ol the The Boord of Twstees may d8kgate any of tts Fthvers or the kntAementstk)n of any of its r88dutlon8 to any Sub. commbtl8e nsisting of such persons 8s the Executive Commthee rnay deterrnine. The Chalr of each sut mmit¢ee shall rerK¥t the prrwdings ol each meeiing of the sUlTrmmiLlee io the &iard ol Tw5teos. Any derA&On taken by the sutcOmMittee whh reb8t•5 to Ihtr trxpendilure of funds sham rKJl lake eNecl unb'l it i apwoved by tho Board crf Trusts.
Draft Financlal Stat•m•nts at 12 July 2023 at 08..51=51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTITUTES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 Fololng eledon. memLv3 (rfth8 bcwd Il¥e trnlng aThJ iThJuclffi from ¢Jttrw members ol ts Iy)8rf. Thi8 Fderan is a memtw of lh8 Nattr)nal Federaticm atNJ entiued to apF¥Jmt Fod8li)n R8presentstives lo the N8tpJnal Federation, èrKI be btsur by and compty wth th8 consb'tvtion ol Ihe Nahon81 Fed•r8tion. This Fedw81ion may rio eary cJt any Fdicy which is in any way contrary to th• of Ihe NatK)nal F6d8ratKJn Bnd It musl provpJ• m•rnbwship and oth#r financlAI •th'sbcal rBtums and reports of mo8lirvas to the Naknonal Fed•raiion whènever il 15 raqulred to trg 50. ThL8 FeTlIOn and IhE National Federatkn ol W¢¥,8 Insth of End. Illths. Jersoy. ¢)Jemsey and thè I8 of Man are related partyes. Rl•k mana9•m• The Trusleos have a duty lo klèn11fy and rew•w the rlÉk8 to vknk Iha chan'ty FS •nd to •nsur• thai •pprwiat8 c£ilro are in lo provl• r¢ascffjaL assuf#nce againsl Iraud arbj •rror. Tha nsk3 th81 th• tharity faLY In¢&Jd8 fknancl81 ii3ks. rèwtsknal rr5ks Inv•strnent rfsks. Flwiaal rlsk5 are c(Atroled tlrngh ¥eranc0 and rrtsjst financial ccmtrol procedurEs. Rlsks of a decllne In rnakjr In¢x)me SrceS kncknling laMirKJ memtrrshlp subscripkns due to a fal kn mèmb8Tship numbarn a manag8d through proaclive promotn an¢J recruitmenl strat8gi8S. Rewtal•nal risks k1 arkn tW9h thè Inappffjpriate usè ol th8 Wl brand. Th88• ère mantr3gd Ihrnugh Board scrutiny of actiwts and prrxyucts. Invesim8nl risks aii5e as a T88( ol the tharivs pokiès lo elhul invesknent. whir limfrt the fvnfls in whic invastments can be p18csd. Thlg nsk rs managed by the working rdolitsn$ that ?xi$t bkn the tru8teeg and thwr fmancpTr adwwys. Publlc Offt The Trust9es cvnfirn Ihot th&y h8W <x)fnF418d whh lh8 duty In Sgctlon 17151 of the Charttigs Act 2011 to have du• regard to the wL benafft guhJ&n¢ put4i5hed by lh8 Ccmmlssl)n In delemirning the aclmtles uThYertaken by Ihe tharfty. Furlher in1cmth on Ihè 8cbil• uThJortAken for the public ben8fft is gi¥•n In th• ObpcN¥e8, and Achig*wnents seth.on of thts r•porL Tho tru$tees' r8pJrt was 8wo¥•rJ by th• Board of Tnwle•8. Mr3L8 mlth
Draft Ftslancial Statements Jt 12 July 2023 at 08:51:51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTITUTES STATEMENT OF FINANCIAL AcTIVlEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2023 Unrestrlct•d Unr•¥¢rfcl frjnds fun¢ts 2023 2022 t)onations and gacleS Other tradkng adiwties Investsnents 91 38.166 116 1,345 33,979 Totsl In¢•me 38.373 35.328 Raising ft¢nds 21.132 15.795 Chan"lable 9,670 11,854 Total exwl¢U 30,802 27,649 Net gas11>S5e5} on hwestments 8.626 4.628 Not moTrnm•nl In fvnds 16,197 12.307 FuThl bnc4s at 1 June 2022 307,356 295,049 Fund balances at 31 May 2023 323.553 307.358 The statemenl of finandal ar'ViS *0 rx)mpli8s Ihe requffemS for In(xme and expendlbjre AX)unt under ihe Comp8nie5 Act 2006.
Draft Finan¢lal Statomonts at 12 July 2023 at 08'.$1:51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTITUTES BALANCE SHEET ASAT 31 MAY2023 2023 Fixed asse¢s Tangible ass8ts Invtrstmenis 12 247.324 222.553 247,324 222,554 Cuffort as8•ts Stocks Debtors Cash at bank and in h8nd 13 104,472 104.334 107,556 111.604 Crdltorn: amounts k114ng du• wlthln one yvar 14 {31,327} 128.802) N•1 ojrrent assets 76.229 84.802 Total ats le55 ciiirent liabllltle8 323.553 307,356 In¢om¢ funds 323,553 307,356 323,553 307,356 The wmp8ny is entitled to the 8xèmptn Irom the audil requirement rA)ntan•l in section 477 of the CoMpaniesAct 2(K)6, lof the year ended 31 May 2023. Tha dilOr$ acknokdge tsir [)nba¢S for c4)mptylng wilh thè requiremènts of thg cra&S Act 2¢)J6 wlh respect to wxxjuntiro re pwafw offfinawial staternenls. Th8 memljers h8ve not fequifed the compaFry to obtsin an audit fmrKy81 Statem frlh8 year in que5ti(m in aCLcthnee 3eclK)n 476. These financol stat8mtrnts have been pvep8r•d n acujrdance with provi5i¢ms appl(xbkn to companies subjact to thè smaN rwr485 r8glme. Company f•yl8tratlon •umbor 0272300B
Drnft Financial St&t•m•nts •t 12 July 2023 at 08:51:51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTITUTES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTrruTES I report to th8 tnJste85 on my examination of th8 finarrfx818lat8rn8nts of The W88t MKlarMIs County Fgdei8tK)n ol Woynen's Inslitutes (the ¢harityl for Ihe year en(led 31 May 2023. R•$pon$lb116tI and ba•is of rew¢ As the trustees of th& tharity land also rts directors for Jh8 purposes of rA)mpany I} you are $nSIle fc Ihè pr8Patation of lh8 financ¢al statements in acco6 thè requirements of th& C(thpans Acl 2(th1th& 2(K Havi¥¥J SlSfied myself that the finanual stater ol Lanty arE rw)t wired to auditaj under Part 16 of the 2006 Act and are ehgibl8 lor ind8p8ndenl examinalion. l Ferth in respect ol my examwbation of Ihe charty's finanahl statements carried out under sectth 145 of Ihe Chanties Act 2011 (the 2011 Actl. In out my examinalion I have al the aprAith Dwwaion$ &¥v8n by the Charity CommissK>n urKlar 145(SKbl ofthe 2011 Act. Independent exam1$ ststement I have completed my examinatic. l that no fflatt5 have c(xn8 to my 8ttentvJn in i)nedScm V•ith the 8¥2rnin8tion givwu cause to believe that in malerial reS¢t.. recorth wer8 not kept in resp1 of th8 rharty as r8quirwJ by $clk 388 of the 2CArt. or the finanoal stat8m8nts do not accoTd Wth record5: or the ffinan(i81 statements do [1 u)mpty wth the accounlir¥J requiremEnts of sec(ffi of tr h£1 other Ilwi any reqUIrnent that the acwunts give a true fair view whith is not a m8ttef cSKIere as p8rt ol an indep8FKlenl exarninatK)n.' or Ihe fin8nck41 statements rK)t t)#8n w•par8d wrth ihe methoys and winarles of the Statement of Recomm8nde(I PrdC¢i for alOUnt114 and r8pL¥bT¥J by charrt appkable to chanbes preparing the¥r actt)unts in accordan with the FnCIal ReKxytiro Slwknrd appIltAe in Ihe UK ard R6wt4ic of kebnd IFRS 102). I have no CnceM$ a)d have c{e ac•Jss Th) other matters In o)nnection exarnirwtirm to which 8ltentiti sh>ukJ be dr8wm in th rewxt in order to en8th a un(knlan(thrwJ of finarKa StateMts to be wthed. Dated..