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 a￿C*￿anCe ￿th the 8ccounts.ng ￿lICIeS set rArt in note 1 to Ihe ffinanc￿ s*Btemenls 8nd compty writh Ihe charilys t90￿ming dctumentl. the Companies Act 21N)6 and 'Aco)unting 8nd Reportlng by Charilitis.. Statem•nl of R8¢C￿m8nded Pr8e1￿ to c*ar￿.9$ prepanng their accounts in ac￿dance 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 rn￿n purp(*•g oflhe Women's Instillrte oryanisaiion aro.. To advance the edu¢al*)n ol v￿men and girfs for the ben•frt in al iichjdlng I￿@1, ro￿.1)nal and k)iam8tional Issugs of poktso18ThJ scrfial IM￿dance.. rnusic, dram? aThJ othgr oJltur81 wbiects aThl al bra￿•$ of 8orioJlture, uafts. homg ewncfftk*, 8denc*, he81th and #odal welfare., To pronM>te 8U$talnabl8 d8veWn8nt for Iha pubk be¢)81￿ ty educ•lng p8opla Èn the yogrnlon, cfjrn8Th8lon an¢J proteclknn the envbrDnff*nl and th8 pNdent Use of n8turnl resources and promoong sustalnaLle Means ol achiewng economK growth and r8generation lo advance h8atth lor th8 putrth'c beI￿rIt.. and To advants d￿ze￿ kn Ihe putlc ben8fft by the Ixonth ofd¥k resprn61￿IIY and Y￿nto9r￿g. The Wom•n's Insti1￿8 (Xganrda￿0n seeks to give Wr￿en th8 oP[￿U￿rtY ol wTh*ing tO9eiher through th8 Women's Institute LKganisation In Ihelr communNJes. of de¥elow"ng their capacity and skils. aThJ ol pultsw into prac￿Ce thos• &als lor which th8 Worn•n's In$￿'tUto St4nd& The ch8rity's pn'ncip81 objectlves conthiue to be.. To proftv)t8 rnembersNp arhy imtdonwnt rWnJltm￿I knllal¥•¥ In order b) 9•ln 8Th1 r6faln m8mbtyB a￿j prnTh)te 91tfve rnlxlem Image ol the organisaJon. ro offer a range of leamlng opwjrtunrtbes. 8ncwragI￿j pgrsonal dèvelopment, promotlng IifeloThJ le8mlng and ensuriwvJ tr￿t Ir*Jrti(Thl skI15 are promoied. To encour￿* Wl Membe￿ to adopt h￿￿th￿r, susl&i*tAe lrfestykn by lurth•r d•vebp*ng ow work In Ih)me ecy)nomi¢¥ aThJ by pry)motinp grKwrnging partlc¥ith'on in and knsurè activi￿$. sc4ence a￿1 ¢0m￿n•d arts. To incrèase inlluents ol the Wl on le91￿at0￿, d￿l$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 gu￿b[Th Iswed by the Charty Commlsslon what *aivMes the th4nty sIK￿ld undertake. The Fed8rAtA)n held 8 numt*r ol •vents anrt outsngs during thg year as d&t4led undèr FuThJrèisr@ Acivil￿. Achlw•m•nts and p•rfomian Thls y88r has shown 8 ren￿ed entr￿￿8$M tr a￿dkng meofjngs loknhng 8 durin9 tho Cowd ygars and 8 wiallsation of the spiiii whlch und8rpins thls great oryani58tiDn. Annual Federat40n events such as crnq￿, Darts, Skrtlle5 a￿1 the I￿11 cOmpe￿"t￿n$ b8en rusurr•lgJ and have been WÈ¥ supported, as hav• the F&J•rBIM tiiF6 io BamKJulh. Cardrff Chlistrnas Ms￿e[ 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 i￿8$1￿. The k)v05trngnts ar¥ hgld in funds vthich accumulato inc(xne from the (tnd•rfyry investrn8nts, relkntwj in the pricg of th8 unts, and thè Feder8tK)n draw5 8 fixed mnthty sum by 581es of units. Draft FIna￿la1 statom•￿ at 12 July 2D23 at l)8:51:51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTrfuTES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2023 Fln•nclal rnvl•w It is the p(A¢cy of thB charty that unre5trTLtsI funds whknh have not been deswate4J ftw a SFwf* use be mainlained 81 a ￿¥818￿U￿818nt to three 8nd ssx fflonth5' 8xpenditure. The trusiee5 con51der that reserves Bt this level wll ensure that. In the evenl ol a &gnrfKanl drop in funding. they w￿1 be atrle to rJ)ntinu8 the eharrty's rAJrrent adiwb85 whsl? COn*d&r8￿.0n 15 gN8n to ways in whth addth'onal funds may b8 r8ts8d. This18val of reserves has baen mainlained Ihr(wJhwt Ihe year. The compBnls Inbwknnt prfnrjfv alm to gl¥e a b8knnce of Income *KI 9mWth ov•r l*• I￿ t•nn. whth tha bDafd exp*Lts to be achkved. Tho tnmtses have asse58ed the major risks to which the tharity is e¥tKwl, Bnd Bre 5thfi8d thBt 5y51ems In to wr¥bpa¢e •xrrt)wre lo th¢ m8pr r*k8. stru¢tyr•, go¥•rn•ne• •nd m•Mg•m•nt Th8 F￿￿ra￿On was ￿tablIShe{l In 1976 and kncowal•d under the Comp8nlesAct on 15 1992 a$ o ¢tsrnP8ny limited by waranteg. wgmgd by Its Mgrnor8ndum and Arlth of A55ooalhJn. Thè Ilmit￿ company was wistered wrth the Ch8rftles c￿MISs￿n 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$¥[gn￿ 7 20221 {Rglun*l 7 July 20221 (Redgmd 7 Juty 20221 {AppoknknJ 16 May 20231 Tha Bo8ft1 ol Trusl••s con%sts ol b•t*wn eight 8ThJ fifteen pers￿￿ who musl retwe after every Ihwd annual generd meekn'ng. The elecled Commit99 of Truth83 rnay ¢wpl •dth1wjn￿ up to ol their numbsr. No ￿r$On may ￿ 91oCt8d or ro418cted as a Commltt•e Men*or at a m801*¥ ¥hg bgen nomnated by a Commiit88 Mern￿r. 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 previc*As 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 reqU￿110n 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 sUlTr￿mmiLlee io the &iard ol Tw5teos. Any derA&On taken by the sut￿cOmMittee wh￿h reb8t•5 to Ihtr trxpendilure of funds sham rKJl lake eNecl unb'l it i apwoved by tho Board crf Trust￿s. 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 Folo*lng eledon. memLv3 (rfth8 bcwd I￿l¥e tr*nlng aThJ iThJuclffi from ¢Jttrw members ol ts Iy)8rf. Thi8 F*dera￿n is a memtw of lh8 Nattr)nal Federaticm atNJ entiued to apF¥Jmt Fod*8li)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 c*Jt 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 F￿eT￿lIOn and IhE National Federatkn ol W¢¥￿,8 Insth of E￿nd. Illths. Jersoy. ¢)Jemsey and thè I￿8 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 prov*l• 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 ¥￿er￿anc0 and rrtsjst financial ccmtrol procedurEs. Rlsks of a decllne In rnakjr In¢x)me S￿rceS kncknling laMirKJ memtr*rshlp subscripkns due to a fal kn mèmb8Tship numbarn a manag8d through proaclive promot￿n an¢J recruitmenl strat8gi8S. Rewtal￿•nal risks ￿￿k1 arkn tW9h thè Inappffjpriate usè ol th8 Wl brand. Th88• ère mantr3gd Ihrnugh Board scrutiny of actiwt*s 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 S5e5} on hwestments 8.626 4.628 Not moTrnm•nl In fvnds 16,197 12.307 FuThl b*nc4s at 1 June 2022 307,356 295,049 Fund balances at 31 May 2023 323.553 307.358 The statemenl of finandal ar*'Vi￿S *0 rx)mpli8s ￿ Ihe requffem￿S for ￿ In(xme and expendlbjre ￿AX)unt under ihe Comp8nie5 Act 2006. Draft Finan¢lal Statomonts at 12 July 2023 at 08'.$1:51 THE WEST MIDLANDS COUNTY FEDERATION OF WOMEN'S INSTITUTES BALANCE SHEET ASAT 31 MAY2023 2023 Fixed asse¢s Tangible ass8ts Invtrstmenis 12 247.324 222.553 247,324 222,554 Cuffort as8•ts Stocks Debtors Cash at bank and in h8nd 13 104,472 104.334 107,556 111.604 Cr*dltorn: amounts k114ng du• wlthln one yvar 14 {31,327} 128.802) N•1 ojrrent assets 76.229 84.802 Total a￿￿ts le55 ciiirent liabllltle8 323.553 307,356 In¢om¢ funds 323,553 307,356 323,553 307,356 The wmp8ny is entitled to the 8xèmpt￿n Irom the audil requirement rA)ntan•l in section 477 of the CoMpaniesAct 2(K)6, lof the year ended 31 May 2023. Tha di￿lOr$ ackno*kdge tsir [￿￿)n￿ba￿¢S for c4)mptylng wilh thè requiremènts of thg c￿ra&S Act 2¢)J6 wlh respect to wxxjuntiro re￿ pwaf*w offfinawial staternenls. Th8 memljers h8ve not fequifed the compaFry to obtsin an audit fmrKy81 Statem￿ fr*lh8 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 ￿$￿nSIl￿e fc* Ihè pr8Patation of lh8 financ¢al statements in acco￿￿6 thè requirements of th& C(thpan*s Acl 2(th1th& 2(K Havi¥¥J S￿lSfied myself that the finanual stater￿ ol L*anty arE rw)t wired to ￿ auditaj under Part 16 of the 2006 Act and are ehgibl8 lor ind8p8ndenl examinalion. l Ferth in respect ol my examwbation of Ihe charty's finanahl statements carried out under sectth 145 of Ihe Chanties Act 2011 (the 2011 Actl. In out my examinalion I have al the aprAith Dwwaion$ &¥v8n by the Charity CommissK>n urKlar 145(SKbl ofthe 2011 Act. Independent exam1￿￿$ ststement I have completed my examinatic￿. l that no fflatt￿5 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 resp￿1 of th8 rharty as r8quirwJ by $*clk￿ 388 of the 2C￿Art. or the finanoal stat8m8nts do not accoTd W￿th record5: or the ffinan(i81 statements do [￿1 u)mpty wth the accounlir¥J requiremEnts of sec*(ffi ￿ of tr* h£1 other Ilwi any reqUI￿rnent that the acwunts give a true fair view whith is not a m8ttef c￿SKIere￿ as p8rt ol an indep8FKlenl exarninatK)n.' or Ihe fin8nck41 statements rK)t t)#8n w•par8d wrth ihe methoys and winarles of the Statement of Recomm8nde(I PrdC¢i￿ for al￿OUnt11￿4 and r8pL¥bT¥J by charrt* appkable to chanbes preparing the¥r actt)unts in accordan￿ with the F￿￿nCIal ReKxytiro Slwknrd appIl￿tAe in Ihe UK ard R6wt4ic of kebnd IFRS 102). I have no C￿nceM$ a)d have c{￿e ac•Jss Th) other matters In o)nnection exarnirwtirm to which 8ltentit*i sh>ukJ be dr8wm in th￿ rewxt in order to en8th a un(knlan(thrwJ of finarKa￿ StateM￿ts to be wthed. Dated..