RRL The Cornwall County Federation of Women's Institutes (Limited by Guarantee) Annual report and unaudited financial statements For the year ended 31 December 2024 Registered company number 02722754 Registered charity number 1014597
RRL Annual Report l January- 31 December 2024 The Cornwall Federation of Women's Institutes (Limited by Guarantee) Legal and administrative infomiation Name of the charity.. The Comwall Federation of Women's Institutes Company registration number. 2722754 Charity registration number.. 1014597 Governing instrument". Memorandum and artides of association Constitution.. Limited Company The trustees listed below constitute directors of the )MpanY for the purposes of the Companies Act 2006 Principal and registered address of the charity.. Chy Noweth an Conteth Truro Business Park Threemilestone TRURO TR4 9NH.' Tel= 01872 272843., E-mail.. enquiries@cornwallwi.org.uk RRL LLP Peat House TRURO Stephens Scown ST AUSTELL Lloyds Bank PIC 7 Boscawen Street TRURO IndeFendent Examiners". Solicitors.. Bankers.. Chairman's Review Julia Pascoe AdmInIstrate Asslstant Iwlth Flnance) Sophie Mrtthell Administrntrv• Assistant Kenza Nojh Membership Tolal Nutnber of mernber5 as al 31 Dmber 2024 - 3012 between 106 Insb"tutes Plus 2 Assouate Members Formatyon and Suspgnsions Suspensions- Truro Aftemoon, St. Eme, Lanson & Jacobstow Fomiations- None (For the peri(Kl 1 January 2024 to 31 Decem1[ 20241 The Board of Trustees, (hereafter called The Board) is elected biennially atKI consists of a rnaxirnutn of 15 Trustees. who may i nominated by erther Ims or Board membeis. The Board may appoint Trustees to fill any vacanaes that occur. The Board may aL80 ctropt a limited nurnber of additional Trustees. All Trustees are given appropriate training within Board meetings. by means of a Trust Manual, written guidelines for some roles and actiwties, by mentoriNJ arrangements and via speufic training events held. The current Board of Trustees1101 and those who held office durirKJ the 12-month1121 period a.. Risk nagement Policy The Board of Trustees considered the principal risks to which the organisation is exposed and implemented poliaes to control these risks where deerned nece55ary. induding rigorou5 financial Gontiols and monttoring, budgetary controls and multiple signatory controls ovei payments. A rewew of the risks confronting the organisation is undertaken on a regular basi5. January- October F•d•ration Chair Helen Kestle Federation Vice Chai Pam Selley & Jane Dover Federatlon Treasurer Rachel Andrews ElectedlAppointed Trustees EIEabeth Baker, Grace Braifford, Wendy Fiander, Margaret Johnson, Penny Picton & Mary Thompson Co-opted Trustee Magat Edgecumbe Ex-offlclo Trustee Yvonne Toms as Chair of Membership Support Sutrcommittee Objècts The objects ol Federalion are to further the purposes of the Wl movement in Cornwall. The main purposes of the IM are to enable women to improve and develop condrtions of rural life, to advance their educAb"on in (ibzenship, in I31, national and intemational public questions. in music. drama and other cultural subjects and in all branthes of agriGullure. handiGrafts. hotne economi. health and stiual welfare. It seeks to gtve women the opportunity of working together through the W and of puttiro into practice those ideals for whith it stands. i.e.. truth. justice. tolerance and friendship. From 29th Oetobèr 2024 Federatlon Co4halrs. Liz Baker & Margaret Johnson Vic•Chairs Pam Selley & Mary Thompson FederatlonTreasurer Rachel Andrews El•ctèdlAppointrU$ta•S Gra Bradford., Tracey Camps, Wendy Fiander, Avril Pile Co-opted Trustee Margaret Edgecurnbe Ex-OfficioTrust••. Jane Mills as Chair ol Membership Support Sub Committee Staff - Federation Secretary Prineipal Obj•cti¥•s for thè pèriod •nd•d 31 D•canbèr 2024 i. to offer a wide range of opportunities li to furtherthe purpose of the IM movetnent iii to continue to provide supwjrt to Ims wrthin the Federation Achievements and Performance i. Education in all matters of concem to women", in local, national and inlemational public quests'ons. in music. drama and other cultural Subje and in all branthe5 Of agri(ulture. handiuafts. horne economi(s, heahh and soual welfare was piomoted through events, compelitions. day sthoo15 and classe5 organised by the Board of
RRL Trustees and by the followir¥J sub-comrnittees appointed. support and monitored by the Board of Tmstees". Membership Support IMA Advisers)., Arts and Leisure,. Cookery and Craft., Enronment and Public Affairs., and the Events Team Ifornierty the Exhibrtions Su Committee). The Floral Art and Gardening Suthcommittee suspended in 2023 has now been relomied as 'Flowers & Gardens. I thank all the Members of our subrnM1ttees for their hard work over the past year. They have certainly wotked so haid for our members. and Ihe roorn buzzed wtth friends old and new greeting each other. This event is held annualty. tts raise funds to help with the expenses involved with our presen at the Royal Comwall Show so we are ahyays gratefvl for the support we get from our members. June arrived and with it our biggest and busiest event olthe yearfinally took centre stage ihe Royal Cornwall Show once again at the Showground at Wadebridge. MorKlay moming arrived and with it the Events Team to transfom an empty marquee into our W showcase, fft to display our wares and to promote ourselves to members and the pUl1C who are ahyays ready to sample the retreshmenl area. On again, the marquee proved a popular place to wsrt and we had enty of help on hand to answer questions orgenerally chat with our wsitors. These events do not happen ovemight. there are a great many people working many and long hours iEfoie and during the event- our thanks go to all fortheir supporL To foster good relations between 5utrrcommittee members. Ihey aTe encouraged to hold joint events where appropriate. Al actnrities organised by or through the Board, its sutrcommittees and Wls prowded opportunib'es for irnproving and developing conditions fc women. ii. Opportunities for working together pemeated all actNitses. Friendship and social acbib'es were prowded through buffevcounty lunches other events and travell. FdlowirvJ the Royal Comwall Show we aLso have a presence at both the Stithians and Launceston Shows and both provide another opportunity to meetwrth both members and general public to talk about l and what you can get from being a member. Continued support to Wls was maintained by the Membership Support Sub-Gornrnittee through their planned training pr(KJramme arKI responding to requests for help and adwce from Wls," by Board of Trustee members le.g., by attending speual meetings, publishir County News, reaching out through social media and tl Chai¢slChairs' wsrts to IMS)", and by the staff at Chy Noweth an Conteth le.g., by dealing wrth telephone, mail and trmail eulneS from Ws and members). At the Winning of JU, we final managed to hold the Retro Lunch at our Federation Office. Chy Noweth an Conteth, on a lovely sunny day 68 members arrived in various fomis of 1950's attire. they were treated to 3 3 course lunch wrth the emphasis on the year in quesb"on, wrth a quiz to baffle Ihem. Good company, good food, all went home happy. Futur• Cornwall Federation of Women's Institutes will continue its work in furthering the purposes of the Wl movement in Comwall and. to that end. will continue to plan a fvll programrne of appropriate events. Our vision is the same as that of the National Federation of Ws INFW}, namely, to connect. support and empower women, while remainitvJ bold arKI inspiring. growing and relevant. induswe and Ilexible. By reaching out to women who have not traditionty been members, it is hoped we can expand our membership and futurtrproof the Federation. Towards the end of July, a coach filled wrth eager W members from across Comwall set off eatly to travel across Dartmoor to Ydverton to sit Ihe GaT¢Jen House at Buckland Monachorurn - first stopping off at Endsleigh Garden Centre fot Goffee and lof cout5el retail therapy. After whith as if this wasn't enough, they travelled to Tavistock for yet more tea shops and tall therapy before returning to Comwall and home. August is usually our 'quiet' monlh when we recharge our batteries.if only this were true! At the end of the month, we took part for the second yearwith a presence at Gomwall Pride. An exciting event with song, colour, (owds and many, many happy festival goers, one which gives us the opportunity to talk with other stall holders, members of the puiAiG and protnote our wonderful oiganisation. IM Ev•nts 2024 This year was marked by a positive upswing in the number of members in Cornwall as we readd 3000 members for the first time in many years. Summer holiday over and we reach September to start Autumn planning and the first major event is our Lrterary Lunch which was held at the presb"gious Cattyon Bay Hotel on 3rd October. a fabulou5 aftemoon enjoyed by some 120 members where we were joined by the local author Lvz Fenwick, who gave us an insight into her life as a wtfe. mother and aulhor. She followed her talk with a Q&A session when members could ask quesb.tsns and satisfy their curiosity as to how sl* comes up wrth her stories. A somewhat slow start to our actiwties this year as the schedLled Retro Lunch had to be slotted into OUT calendar later in ts year. However, we made up for this disappointment in March with our aftemoon at Penventon Hotel in Rednrth where we celebrat1 Intemational Womens. Day - wth just over 100 members - and after enjoying afternoon tea we listened to an inspirational address by our guest speaker Kaihryn Billing. Comwall's Chief Fire Officer. who spoke about the Challenges of being a wornan in suth a hig1pI01e position and the importance of indusion for all. Her talk was enjoyed by all as we listened dosely to all she said. Hot on the heel5 of suth a fabulous afternoon we weie gathering 8t the Hall 4 Corrnall on 23rd October for our Annual Counal Meeting wherewe leamed what is happening around the Federation, marvelled at the members who had won trophies and certificate5 and sal back and enjoyed listening to Bryers Boys who entertained us with Folk and Sea Shanb"es, heard from Matthew Kenworthy Gomez about his life and involvernent in Pride and then finally sat back and enjoyed an aftemoon wtth Esrnee Young - who iegaled us wth tales of her lrfe from being a student at art College through her years working within the fashion industry to her involvement with the TV Show - Great Btillsh Sewing Bee. April saw members from across Comwall gatherirrfJ at our Federation Office to listen to prospectNe speakers who weie audib"oning for indusion in our Speakers, Directory, it is then their views whith determines whether they are accepted for the Ghance of I1r invtt to speak at Wl meetinJ%. Later in the month the first in a 5erie5 of Roadshows - to discuss the current Resolutions up for selection to take forward to the NF yeady appeal - took place. These Roadshows were a joint event organised by Membership Adwsers and Ihe Environment & Public Affairs Sub-Cotnittee5 with the Board of Trustees joinir¥J in to prode refreshments and our thanks go to them for organising these events. In November was a shopping trip o Clarke's Village, beset with ISSLie5 on the road. long holdups on the way owing to a serious awdent on the A30 then again long holdup5 on the way home as the intb.al problems hadn't been solved during the day. A very long day for everyone. one that couldn't be avoided but spirits remained hiqh and they had all had a good day and were pleased to finally be home safely. The popular Chairfs Coffee Moming was held at Ihe beginning of May al The Shire House Suite in Bodmin. various Sub Committees tnanned tables and highlighted their activities, plenty ol refreshments on offer
RRL Also. in November Lil Baker lone of OUT new CTrChair51 and Avril Pi la new Trustee) represented us at the Remembrance Day Parade in Truro and laid a wreath on our behalf. Assistant A hly18t. Mary Venn S•eond-Hand B¢)oks Coordinator. Fam Selley Royal Comwall Show Cowordlnatlng Team: Margaret Johnson, LYI Baker. Pam Selky. Mary Thompson, Tratey Camps Royal Comwall Show Caterlng Cowordlnator: TraY Camps Stithians Show Cowordinators: Margaret Edgecumbe, Avril Pile At the end ofthe month CFW were represented at 1he Wnler Fayre at the Wadebridge Showgrouund where both LYZ Baker and Pan Selley spent the day looking after our exhibts and telling peWe about the VW. Ourthanks trK) to all members who have presented CFIM in dealing with other organisations. The Board of Trustees thanks you most sincerely for your brne and commftment. The SulFCommtttee reports, as you will ad, show a great diversty of activities offered to our members through workshops and events throughout the past year. Chy Noweth an Conteth conlinues lo be well-used by our sub- committees for their acb"vrties and also by outside organisations who make use of our Conferen room and kitchen. raising exira funds and helpiThJ to maintain the car park. Very grateful thank5 go to our hard- working staff who support all our members but most particularly the members ol the Board of Trustees. and to Gareth Williams who continues to give his time and support to our Accounts Administrator. I would also like to give thanks lo former AGGount5 Adrninistralor Sue Martin who ahhoLKJh tld at the end of 2022, continues to offer assistance on a part-time basis in the office. Finally. I would like to thank all members of the Board of Trustees for theii constant hard work, friendship and support to us- as together we tske on this new challenge - arKI to Comwall Federation of Wls throughout the past. Lil Baker & Margaret Johnson And so we reach Dember and all that the month brings, 2 Christmas lunches. one at Penmorvah Manorthe other at Bowood Golf Club. both venues were well attended with lovety menus enjoyed by all bolh venues were dressed in theirfestNe finery aswere the dit*rs- another success The Christmas activth.es drew to 3 dose with OUT aftemoon of Lessons and Carols held this year in the delightful church on the Lanhydrod( Estate - small but beautifvlty fomied where we reiVed a wam) welcome by the wcar Rev Roger May who let the programme run wilh simply welcoming us announang the carols and fjnalty giwng the blessing. So 2024 draws to a close and we wart to see what 2025 has in store for us. R•tir•mènt and N•w Trust8•s. We would like to ad(nowledge and sincerety thank Helen Kesl (retiring Chairl, Jane Dover and Penny Picton for the years of hard work and sUPPOrt that they have given to the Board of Trustees duri their tem of office, they will all be sorely missed. We would also like to extend a wam welccffle lo both Tracey Camps and Avril Pile as they join the Boartl of Trustees and we look fopwatd to working with them. Treasurer's Statement (For the period 1 January 2024- 31 December 20241 Reserves Policy The Federation airns to maintain 5uffiThent uniestrided reserves lo ovei possible future deficits whith may OGGUI due lo fludualions within activitie5. You will ad of many other events listed under the vaiFOUS Su Committee entnes that follow Resolution Roadshows- April 2024 Venues - Millennium House. Pensifva.. Connoi Downs Wl Hall.. arKI Chy Noweth an Conteth. National Resolution.. Dental Care can Save Lives NFVW Annual Meeting- May 2024 Venue-The Royal Albert Hall Federation Representative.. Federation Chair Helen Keslle Organiser- Kathy Reed .' In attendan- Lrz Anderson CFVW Annual Council Meeting- 0¢tOr 2024 Venue- The Hall for Comwall, Truro Attended by Councillor Carol Swain, Mayor of Truro Moming Guest Speaker.. Matthew Kerworthy Gornez- Pride Entertainment." Bryer Boys Aftemoon Guest Speaker." Esme Young - Broadcaster National Council hleeting- October 2024 Held virtualty. attended by Federation Co-chairs Lil BakeT & Margatet Johnson & Federation TaSurer Ra(thel Andrews Acknowledgements.. I would like to acknowledge and thank the folowing fortheirv¢Auntary work on behalf of the Comwall Federation". All sub-committè• mambèrs and thèir advis•ts County News Editor: Wendy Fiander Media Officer. Avril Pile lfrom October) Assistant Mèdia Officèr= Sheila Goklsworthy Year Book Edltor.. Liz Anderson Speakers, Directory Editor: WerKly FiarKler Health and Safety Officer.. Z Baker Bulb Seh•m• Organisèr: Grace Bradford IFE Administrator: Jane Mills Pooling of Faros Oryaniser. Jane Mills ACIDIW R•prns•ntstiv•: Amanda Penk Ifrom May) Resolutlons Coordlnator: Card Matta {from June) MCS Representstive.. Lvz Anderson Safoguarding Offi¢gr= Jill Tiew Ifrotn January 20251 200+ Club Organis•r= Lil Bakerlmargaret Johnson As at 31sl DecernIr 2024 uniestricted reserves stood at £342.402. Investment Pollcy Undei the memorandum and artides of associab"on, the company had the power to make any invesbnenis whid) the trusteesfinvestors see Rlsk PAanagement The Trusteesldirectors have considered the risks to which the company may be exposed and are satisfied that systems are in place to mitigate exposure to major risk. Comwall Federation of Women's Institutes will continue its work in fvrtheriTrJ the purposes of the Wl movement in Comwall. and to that end will continue to plan a fvll program of appropriate events. Wl Events 2024 CFVW was able at to tun a full range of events in 2024 with tnany oversubscribed and having to go to a ballot, or a second event added. Financial RlaW The finanoal outcome forthe year 1st January 2024 to 31st December 2024 is a surp1 of £31.91712023.' £15.728 deficitl which is due to the one off event of us having a disused Wl Hall to sell at auction which far exceeded our expectslions. and brought in some v8lu8ble cash to increase our reserves. Income In most areas income has in¢aSed and Tmstee events raised £3,163 12023.. £5.7591, we are gratefijl to the members who supported these events. Sub<ommrttee events were also well supported and their income was greater this year. Donations received in 2024 were considerably higher than prewously years at £3.33112023.' £5471 from membets. for which we are very grateful. Income from events has Inased as mtsre events were able to mn. The 20(FF dub income was down a brt this year at just £59212023. £6011, the cost of entry is sb"Il £10 per year, and enb.ues you to entry into 10 draws during the twelve months. Total net IrMe forthe year £177,63212023".£136,5731. Expendlture Chy Noweth an Conteth our Offi in Truro has been used far more during 2024 as I("0n for hire by extemal groups, wrth the income
RRL approaching pre-cowd levels Rwm Hiie was UP to £6.851 12023.. £1,980) and Car Parking £1.153 12023-. £7291. During the year we again used the semces of the Community Payback Stheme, to help with the labouito help Set upthe marquee atthe Royal Corrwall Sh(N¥. We plan to use them again in 2025 a5 they are sh a valuab resource. Adviser. David Chapman Numbèrof sub-committ8è m••tings." 5 Again. another busy. but successful year. esperyally with our invofvement in the Royal Comwall Show Competrtion 2024, 'Sea Feverf. We were especially pleased to see the variety of exhibits reffleGting IIE theme. Totsl net expenditure for the year was £145,71512023". £152,301). The balance sheet shows that the Federation iniend and are able to meet our liabilities. We have continued with qurLzes. the competitive Rosebowl quvz in MaiGh and yet anottrEr event in Novetnber. There is always a lovely 3lmosplre durirYJ the aftemoon, but there is still a detemiination to do well. Take up for the November quiz was a little disappointing with a smaller number of teams enterirrfJ. Maybe a change in fat reded? Something to think about at our next meeting. Rachel Andrews, Federatlon Treasurer Sub-committee Reports Membership Support Chalr: To Nov 2024 Yvonne Toms W Adwser From Nov 2024 Jane Miles W Adwser Vice-chairs.. Kathy Reed IM AdSer and Helen Kesue to Nov 2024 From Nov 2024 Mary Thompson W Adviser and Margaret Edgcumbe W AdlSer Board Liaison= Margaret Edgcumbe S•cr•tary'. Bart>ara Corbett W AdSer tr> Nov 2024 Helen Kestk Adviser from Nov 2024 Visits Organiser 2025 and 2026: Lrz Anderson Wl Adwiserto Nov 2024 Yvonne Torns IM AdSe1 frorn Nov 2024 Poollng of Fares: Jane Miles W Adviser- Position removed Nov 2024 Chief Steward: Yvonne TOts Wl Adwser plus Jill Trew from Nov 2024 Natlonal Federatlon AM Organlser.. 2024 Kathy Reed Wl Adwser to Nov 2024 Helen KeSe W Adviser from Nov 2024 Training Oflicer= LE Andetson VVI Adviserto Nov 2024. Proposeil that this is to be held in abeyan due to training changed from Nov 2024 Resolutions Advisor. Carol Matta IFE Administrator: Jane Miles Wl Adwser uS Ann Dyke from Nov 2024 Observer: Margaret Edgcumbe IVW Adwser from Nov 2024} Number of sub-committeg mgetings: 9 Damd Chapman has once again been totalty involved in our activth.es and meetirKJs, kindly offeritYJ to lead a February birdwatching event along the Helston Boating Lake, followed by lunch and a nature walk in August along the Bissoe Valley. followed by lunGh. An extra d8y was organized due to the event's POPLJlanty. In May, there was a good SpOnSe to an aftemoon boat trip along the River Fal with members taking the opportunity to relax with frieTrJs. We a fortunate to have an excellent committee, induding our Adviser Dawd Chapman, who work so hard to prowde interestirrfJ events for membe[5. We continue to ask for new tnetnbers to join us as new ideas are aayS welcome, especialty regarding the Arts. Cookery and Craft Chalmian: Alison 111$ Board LlsOn. Margaret Johnson Ito Nov 241 Margaret Edgecumbe (from Nov 241 Secretary.. Sue Martin Appointed members.. Alison Gribble, Roz Ross. Ann Haverly, Advisors: Pat Mallett & Dol Rogers Numbèr of mèètings: 4 This Su00rttee comprises all AdSer5. traineil by NFWI. members in trained and helpers. Training is Gartied out within the Federation initial, with those in training being encouraged to atteTh1 as many meetings and events as possible with Wl Adwsers. On trained all adwsers are encouraged to join regulai NFW onlir forums in order to keep up to date with changes and to share infomiation and ideas with Advisers from other Federations. In recent years much of NFVW iraining has been offered on4ine bLrt VVI Adviser training wasn't available in thi5 forrnat until 2024. Since then. we have welcomed Margaret Edgcumbe and Mary Thompson as new Advisers but three Advisers have retired after many yeaf5' service- Liz Andetson. Barbara Corbett arKI Kathy Reed. Due lo various (ircumstance5. we weie not able to offer many events in the earlier part of the year, but we did hold a couple of dressmaking workshops whith were very well supported and we're hopirvJ to t able lo make this a regular occurrence in 2025. We held three stained gla55 workshops as the event was heavity ove15ubribed and in order not to disappoint any of the members de(ided tts add more dates. We have also held two lino-printed textile embellishment workshops as again this was over-subsuibed. Our ever-popular trolley events also excelled themselves this year as we had over 130 people attending over the two days. The subject of 'should I put an air-tyer in rny trolley, was ft>r the tnost part the draw. this was the last demonstration for Pat Mallett and Alison Gribble. However, a new adSOr has joined and it is hoped that the Committee will be able to come up with idea5 for other cookery type of events in 2025. Wl Adwsers aim to wsit each Wls Annual Meeting every fouryears. are responsible for forrning new Vvls. promoting the W. inforrning and encouraging Ws, keeping the Federab"on infomed of activities and opinions, researchirKJ areas for new Wls. planniNJ and running training sessions for Wl members. enlarging Ws and suspending IMS. We try to make sure members know all that is available to them and to help them to get value lor their subscriptic. We travel extensively around the county doing our best to promote the Wl at all litnes. IM Advisets are Gontinually looking for opportunth.es to open new Wls. Ideas or suggestions are atways most welcome. Unfortunately. the Craft taster days did not fare so well as fv40 of the three events had to be GanGelled due to insufficient interest. Three craft day dates have already been booked for May so we are hoping all ol these will go ahead, plus a'decorate a simnel cake, dass in February. Arts and Leisure Environment and Public Affairs Chaimian.. Sandra Buck Vic•-Chaimian = Lynn Griffiths Board Liaison= Jane Dover Ito Nov 241", IAvril Pile from Nov 241 Secretary.. Penny Picton Ito Nov 241., Jane Dover (from Nov 241 Appointed members.. Marion Collins. Margaiet Lugg. Anne Matthews Chairman: Jude Wood e<hainnan.' Anne Fenwick and Felioty Penneycard Board Li?i3on'. Elabeth Baker (to Nov 241 Tracey Carnps (from Nov 241 sretary.. Mary Lindsey
RRL Appointed Membgrs.. Jude Wo(Kl. Anne Ferw4K*. Mary ndseY. Felicity PenneyGaid. Pippa Stihyell. Julia Havard {to Nov 20241 and Fiona Hughes (to Nov 20241 Advi¥ers= Torn Shelley ICornw811 Mfildlife Trusti Clare Smith (Foiest for Comwall Courty Gounryll Kitsty Davies (Surfers Against Sewage) Number of sub-committeg mlIng$.. 4 Organisers, Reports County News Edrior. Wendy Fiander We have continued to FKJblish twelve 16-page newsletters this year, designed and printed to a high standard by Today Magazines. Vthere possible, Today Magazines inclLKles adve$1n9 wrth a local slant. An online version of County News is now posted directly to Mylm each month, with a link added to the CFWJ website. Feedback from Membe continues to be positive. The Gommittee over the past year has worked hard with Carol Malta the Resolutions Adwser to raise the profile and partic3pation on campaigning and iesolulions within CFIM. In sUPPOrt of this a °Speak Out" event was held on Nov 14th 2024 to help rnernber5 ppare resolutions and feel more confident about carnpaigning. We, with the Board of Tiustee5 and Membership. presented three Resolution Roadshows and one Zoom event to put lorward the shordisted resolutions to members to enable discu55ion and sharing of ideas. The Committee has continued its work on 1he.aean Rivers for healthy People and Wldlife" taking the banner on a number of protests against South West Water. In addition. we have started campaigning work on 'tknlal Heatth Matter5" which was passed at the Annual General Meeting in June 2024. During 2024, eath copy was charged at a cost of 35p. As of 31 Dernber 2024. we ordered 3300 copies of each issue of County News from T¢xlay Magazines. As always. throughout the year. we endeavoured to feature photographs of CFWI Mernbe on the cover of County News. always appwate rnembets submttting photographs frorn their own Wl events and activrties. Events Team (previously known as Exhibitions) Chalr: Mary Venn Vice Chair: Deborah Brooks Board Liaison= Pam Selley Secretary.. Jenny Richards Appointed members.. Fran Wnsor Adviser= Yvonne T¢yns Events ocGurTir¥J in our Federalion forTh the bulk of information given to members, along with adwce for commrttees and updates from the CFW office. National Federation matters and items of other interest to member5 have also featured on a regular basis. Members have ontinued to send photographs and delai15 of event5 happening intheir own throughoutthe yearand this continues to be a popular wular section in the newsletter. We have continued to indude a'Have Your Say. item, when available, in which members can submit up to 500 words about a parbcular InteSt or hobby., and a 'Banner of the Month, feature. The sub-committee We involved in the set-up and lake down of following events during the year.. Royal Cornwall Show Stithians Show Annual Council Meeting - Hall for Comwall Eath issue is dele to Chy Noweth an Conteth towards the end of the month and packed for posting, with endosures ol application foms. fliers and informab'on sheets as neSsary. Thank you to the hatthvorking volunteer Trustees and others who have helped with packing the newstterS throughout the year. During the year the events sub-committee utilised the support of Community payback. As EdTtor. l am aayS gratefvl lo the Wls who continue to send rne their news and photos on a regular basis. Other Reports Web Sites and Social Media Climate Ambassadors CFWI Facebook Page: Admlnlstrator Avril Pile CFWI Websrte: Editor Avril Pile Climate Ambassadors.. Fiona Hughes. Rachel Kent. Mary nd$ey. Carol Matta. Pippa Stilwell. Jude Wood. Cathy Glaser. Jane AIiwo(Kl and Beth Roberts CFWI In$tagram account Administrator Avril Pile Soaal media is has been a vital communication link in for Wl membets throughout Cornwall in 2024. Members have eome to realise the value and importance of soual media and technology to keep in touth with ead) other and the wider IM community and the wodd. The 2023 Wl Members Plant TeS inrtiab.ve with Forest for Comwall was organised again to coincide with National Tree Week in 2024 Climate Arnbassadors continue lo submit artides forthe Green Corner in County News, as well as posts for the Facebook page, give talks on dimate issues to local Organisatsons, and write articles for their local parish magazines. The CFWI Facebook page continues to be popular forum for communicatirKJ news and events from Ws across the County. The page enables CFWI to reath members immediately with important and pertinent information. li allows members to comment and give opinions whith is wethmed to ensure Indusion and transparency. The F8book page promotes indwidual Ws activities with details, photos and images of events along with other Federations and the NF. Statisb"(s show that the page that the page has seen followers rise by 14.1% during 2024 from 31 December 2023. The CFW website continues to be a useful information point for members. The site incIeS facis and details about the CFWI, the Board ol Trustees and officers. the sub<ommittees. Wl Advisers and other useful links. On the site there is a diary listing upcoming events and dosing dates for applicab"ons. The application forms are now electronic therefo members can book on an indiwdual basis and pay by BACS directty to CFW. The website has links to the County News which can be found in full on My W and poliaes and do¢yJments to help committees and members manage their Ws. The blog on the website contains news from the Federab'on and NFW, as well as other topics that maybe of interest. Members can subscribe to the blog on the website so that they re1ve an email alert for a new post. Although members are encouraged to cornment on the blog posts and interact, there appears to be minimal parbcipation. In 2024 we welcomed four new rrEmbers and we now have eleven members lofwhich two are Clitnate friend5 who corne to meetings and help out at events but are not offiaally registered). We worked wf(h Comwall Wldlife Trust and other Membe of t Cornwall Climate Action Network on the cwr project of engaging Lll electoral candidates in a climate conversation. We held a hybrid Zoom craftivism workshop. live in Redruth. and irtual in Truro and Albaslon. to send enwronmentally themed gilts to l(ul Parliamentary candidates. We take our banners lo Wl arKI public events across Cornwall. including to the lobby of the South West Water AGM in Exeter, and to the March for Clean Water in London on 3 Nov. We engage in river testing for the Westcountry Rive Trust. and we were delighted to be awarded runner-up in the Comwall Sustainabilrty Awaids. 'Trees for Nature and Growth- Communrties and Groups 2024..
RRL The nutnber of subscribers has increased fr0rn 283131 Drnber 20231 to 1.118131 Decetnber 20241 which is a significant percentage inGrease. The CFIM Instagram ac£ount is inaclive. Plans lor 2025 indude continuing with the podcast and usiThJ Ihe Instagram account, to review website management. The Wl Shop filh Coinish or al least Btibsh rnade iterns selected Wtrn possiiAe. which are good value for our members. Items are purchased online at wholesale pri$ from a limited number of suppliers. Trustees have transported The W Shop to all major CFWI events. and items are displayed for sale on a ternporary stall. which LS Usually popuiai. Sales foi the past year were £3.176. with a net incorne of £1.460. CFWI 200+ Club Oryanisgr. Helen Keslle to Nov 2024 Liz Baker and Margaret Johnson from Nov 2024 Again. this year the members have supported Ihis very worthy fundraiser. During 2024 we had 118 mernbers taking part in the 10 monthly draws wrth the shares taken up by M members and their families. Prize monies paid out totalled £586 and the overall proft was £592. The draws were held at the Board meeting each month with the exception of January and August and the October meeting being drawn during the Autumn Council Meeting. AJI prize mor*y was either paid by BACS or theque. Signed on behalf of the trustees by". Margaret Johnson Rachel Andrews Federation Ch8Nr FedeBtAorp Tffeasur Approved and authoiised for issue by the trustees on.. 18 Aug1 2025
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Independent examiner's report to the Trustees of The Cornwall County Federation of Women's Institutes (Limited by Guarantee) I report to the charity trustees on my examination of the financial statements of the charitable company for the year ended 31 December 2024 set out on pages 8 to 19. Responsibilities and basis of report As the charty trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act'}. Having satisfied myselfthat the financial statements of the charitable 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 charitable company's financial statements as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charty Commission under section 145{5){b) ofthe 2011 Act. Independent examine s statement I have completed my examination. I confirm that no matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charitsble company as required by section 386 of the 2006 Act., or 2. the financial statements do not accord with those records., or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a Irue and fair view, which is not a matter considered as part of an independent examination- or 4. the financial statements 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 wth 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 vth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial ststements to be reached. Joshua Stevens ACA Chartered Accountant RRL LLP Peat House Newham Road TRURO Cornwall TR12DP 16 September 2025
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Statement of financial activities (including income and expenditure account) For the year ended 31 December 2024 Restricted Unrestricted funds fiJnds 2024 Totsl 2023 Total Notes Income Donations and legacies Income from Gharitable activities.. Membership fees Income from members. activities Sub-committee events and classes 2.504 827 3,331 547 33.771 67,117 29.218 33,771 67,117 29,218 32,593 17,574 52,658 130,106 130,106 102,825 Income fn)m other trading activities.. Sales Fundraising income Room hire and car parking income 16,725 18.167 8,006 16,725 18,167 8,006 17,075 12,457 2,709 42,898 42,898 32,241 Investment income 122 1,175 1,297 960 Totsl income 2,626 175,006 177,632 136,573 Expenditure Raising funds Charitable activities 10.599 135,116 10,599 135,116 6,803 145,498 Total expenditure 145.715 145,715 152,301 Net incomel(expenditure) for the year 2,626 29,291 31,917 (15,7281 Transfers (2,504) 2,504 Net movement in funds 122 31,795 31,917 (15,7281 Reconciliation of funds Totsl funds brought forward 11,848 310,607 322,455 338,183 Total funds carried fonNard 11.970 342,402 354,372 322,455 All income and expenditure are derived from continuing activities. The statement of financial activities includes all gains and losses recognised in the year.
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Balance sheet As at 31 December 2024 2024 2023 Notes Fixed assets Tangible assets Investments 13 14 280,584 6,668 287,115 6,912 Total fixed assets 287,252 294,027 Current assets Stock Debtors Cash at bank and in hand 15 16 2.006 19,276 80.730 2,278 23,937 84,108 Total current ass8ts 102.012 110,323 Creditors: amounts falling due within one year 17 (34.892) (81,895) Net current assets 67,120 28,428 Net assets 19 354,372 322,455 Funds of the charity Restricted funds Unrestricted funds 20 21 11,970 342,402 11,848 310,607 354,372 322,455 In preparing these financial statements= (a) The trustees are of the opinion that the company is entitled to the exemption from audit conferred by Section 477 of the Companies Act 2006.. (b) No notice has been deposited under Section 476 of the Companies Act 2006,. and (c) The trustees aCknOedge their responsibilrties for.. {1) ensuring that the company keeps accounting records vthich compty with Section 386 of the Companies Act 2006. and (li) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the financial period in accordance with the requirements of Sections 394 and 395, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the company. Signed on behalf of the trustees by.. Margaret Johnson Federation Chair Rachel Andrews Federation Treasurer Approved and authorised for issue by the trustees on.. 18 August 2025 Company registration no 02722754
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) General inforniation The company was incorporated in England and Wales as a company limited by guarantee and not having a share capital. The registered office is Chy Noweth An Conteth, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9NH. In the event of a winding up, registered members are liable to contribute a sum not exceeding £1 per member towards the debts and liabilities ofthe company and the costs and expenses of winding up. At 31 December 2024 there were 2,850 members (2023.. 3.100). Summary of significant accounting policies 2.1 Accounting convention The financial statements have been prepared in accordance Vth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} (effective 1 January 2019) - (Charities SORP (FRS 102}), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The Cornwall County Federation of Women's Institutes meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are prepared in Sterling which is the functional currency of the charity and rounded to the nearest £. 2.2 Statement of cash flows Under Charities SORP {FRS 102). the charty is dassed as a small charity and is exempt from the requirement to prepare a statement of cash flows on the grounds of its size. 2.3 Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors orwhich have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 2.4 Income recognition All income is included in the Statement of Financial Activrties (SOFA) when the charity is legally entitled to the income after any performance condrtions have been met. the amount can be measured reliably and it is probable that the income will be received. Donations are recognised by the charity on receipt. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fvlfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity- For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102) io
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 2.4 Income recognition (continued) Where practicable, gifts in kind donated for distribLrtion to the beneficiaries of the tharity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation OUe1gh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure. Gifts in kind donated for resale are included at fair value. being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and 'lncome from othertrading activrties,. Upon sale. the value ofthe stock is charged against'lncome from other trading activities, and the proceeds are recognised as 'lncome from other trading activities,. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the lrfe of the asset. For legacies, entitlement is the earfier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Membership fees are credited to the statement of financial activities when they are receivable. Grant income is recognised in the statement of financial activities when receivable unless the donor imposes performance conditions to be met before entitlement is confirmed. Grant income is included in charitable activities when it is to provide funding support for performance activities. Income from members, activities is recognised as income in the year to which the event relates. Income from trading activities includes income eamed from sales, fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has Occued. Investment income is eamed through holding assets for investment purposes such as deposit accounts and it includes interest. 2.5 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement wll be required and the amount of the obligation can be measured reliably. It is categorised under the following headings.. Expenditure on raising funds includes cost of sales., Expenditure on charitable activities includes the items listed in note 6 to the financial statements,. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activty for which expenditure arose. The majority of costs are directly attributable to specific activities. Certain shared costs are apportioned to activities in furtherance of the purpose of the charity on the basis of estimated usage. li
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 2.6 Support costs allocation Support costs are those that assist the work of the charrty but do not directly represent charitable activities and include governance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attribLrted to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 2.7 Tangible fixed assets Tangible fixed assets are stated at cost (or deemed costl or valuats'on less accumulated depreciation and accumulated impaimient losses. Cost includes costs directty attributable to making the asset capable of operating as intended. Depreciation is provided on all tsngible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows= Freehold land Freehold buildings Equipment 50 years 3-10 years 2.8 Investments Investments are recognised inibally at fair value which is nomially the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gainsl{losses) on investments. in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. 2.9 Stocks Stocks are ststed at the lower of cost and estimated net realisable value. 2.10 Debtors and creditors receivable /payable within one year Debtors and creditors wrth no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 2.11 Going concem The financial ststements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient wth the level of reserves for the charity to be able to continue as a going concern. 12
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) Donations and legacies Unrestricted Funds Restricted Funds Total 2024 2023 Donations 827 2.504 3,331 547 Income from members, activities 2024 2023 Royal Comwall Show Income from suspended institutes Other membership activities 13,636 50,554 2,927 12,691 1,973 2,910 67,117 17,574 Fundraising income 2024 2023 Meetings Administration Membership support Events team 17,532 69 297 269 12,065 (343) 735 18,167 12,457 Raising funds 2024 2023 Cost of sales 10,599 6,803 13
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) Charitable activities 2024 2023 Members activities SutFcommittee events and classes County House expenses Rates Insurance Light, heat and water Repairs Loan interest Depreciation 14,631 20.199 15,512 41,879 2,891 4,574 3,795 4,607 274 9,169 2,243 4.353 3,360 4,950 1,857 8.642 F 11 Meetings Printing, stationery and postage Telephone Salaries Legal and professional fees Committee expenses Sundry Governance (note 8) 16,376 6,126 1,904 37,317 3,541 3,485 922 5,305 9,881 4,498 1,555 37,837 53 2,790 1,013 5,075 135,116 145,498 Governance costs 2024 2023 Trustees meeting expenses Independent examiner's fees - examination 1,825 3,480 1,955 3,120 5,305 5,075 Net expenditure for the year 2024 2023 This is stated after charging." Depreciation Independent examiner's remuneration for independent examination 9.169 8,642 3.480 3,120 14
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 10 Staff c¢)sts and numbers 2024 2023 Staff costs were as follows." Wages and salaries Pension costs 36.317 1,000 36,702 876 37,317 37,578 The average monthly number of employees during the year was as follows". 2024 2023 Administration and support No employee received emoluments of £60.000 or more in the year to 31 December 2024 or 2023. Total key management personnel remuneration in the year was £Nil {2023= £Nil). Trustee remuneration No remuneration was paid to the trustees in the year to 31 December 2024 {2023'. £Nil). During the year to 31 December 2024, expenses totalling £1,774 (2023.. £3,085) were reimbursed to 10 trustees {2023'. 121. 12 Related party transactions During a previous year one of the Cornish Wls made a loan to the charity totalling £30,000. The balance of this loan was repaid in the year in full, so no balance remained at year end. At the end of the previous year the balance included in creditors was £30.000. 15
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 13 Tangible fixed assets Freehold land and buildings Equipment Total Cost and valuation At 1 January 2023 Additions 427,032 18,133 2,638 445.165 2,638 At 31 December 2024 427.032 20,771 447,803 Depreciation At 1 January 2023 Charged in year 144,087 7,197 13,963 1,972 158,050 9,169 At 31 December 2024 151,284 15,935 167,219 Net book value At 31 December 2024 275,748 4.836 280,584 At 31 December 2023 282,945 4,170 287,115 Freehold land and buildings indude land with a cost of £67,200 (2023= £67.2001 which is not depreciated. 14 Investments At1 January 2024 Revaluation Gainllloss) At31 December 2024 Additions Disposals Market value 6,180 Charibond shares 6,912 (244) 6.668 The cost of the above investments was £6.694 (2023: £6.694). 15 Stock 2024 2023 Goods for resale 2,006 2,278 16 Debtors 2024 2023 Other debtors Prepayments and accrued income 13,834 5,442 14,467 9,470 19,276 23,937 16
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 17 Creditors 2024 2023 Other loans Trade creditors Other creditors Accruals and deferred income (see note 17) 1,040 2,251 16,098 15,503 31,040 9,129 25,829 15,897 34,892 81,895 18 Deferred income 2024 2023 At 1 January 2024 Released to income in year Deferred in year 8,267 18,267 8,270 14,677 (14,677) 8,267 8,270 8,267 Deferred income consists of membership fees and deposits taken for events being held during the following year. 19 Analysis of net assets between funds Restricted funds Unrestricted funds Total funds Fund balances at 31 December 2024 are represented by.. Fixed assets Current assets Creditors.. amounts falling due wthin one year 287,252 90,042 (34,892) 287,252 102,012 (34,8921 11,970 Total net assets 11,970 342,402 354,372 Analysis of net assets between funds - prior year Restricted funds Unrestricted funds Total funds Fund balances at 31 December 2023 are represented by.. Fixed assets Current assets Creditors.. amounts falling due wthin one year 294,027 98,475 (81,895) 294,027 110,323 (81,8951 11,848 Total net assets 11,848 310,607 322,455 17
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 20 Restricted funds At 1 January 2024 At 31 December 2024 Income Expenditure Transfers Bursary Fund Denman Agnes Salter Fund Denman Bedroom JOY Donnelly Bequest 8,979 1,565 1,226 78 2,598 28 12,5041 9.073 1,593 1.226 78 Totsl restricted funds 11.848 2.626 12,5041 11.970 Restricted funds - prior year At 1 January 2023 At 31 December 2023 Income Expenditure Transfers Bursary Fund Denman Agnes Salter Fund Denman Bedroom JOY Donnelly Bequest Subcommittee Equipment Fund 8,909 1,553 1,217 78 500 70 12 8,979 1,565 1.226 78 15001 Total restricted funds 12.257 91 15001 11.848 The above restricted funds relate to monies received for specific purposes and any further income and expenditure during the year has been shown against each fvjnd. The nature of each fund is generalty evident from its name. In a previous year, the trustees reviewed the number of small restricted fijnds and identified that many of them had a common restriction. It was therefore agreed lo amalgamate them wf(h the general Bursary Fund. The Suspended Wls, fund related to monies held for closed branches which under rtain conditions can be released to general funds. 21 Unrestricted funds At 1 January 2024 At 31 December 2024 Income Expenditure Transfers General fund 310.607 175,006 {145,7151 2.504 342,402 Unrestricted funds- prior year At 1 January 2023 At 31 December 2023 Income Expenditure Transfers General fund 325.926 136,482 (152,3011 500 310,607 18
The Cornwall County Federation of Women's Institutes (Limited by Guarantee) RRL Notes (forming part of the financial statements) 22 Operating lease commitments Lessee At the reporting end date the charity had outstanding commtiments for future minimum lease payments under non-cancellable operating leases, vthich fall due as follows.. 2024 2023 Within one year Between and five years 759 1,328 2,087 23 Custodian Trustee During the year the charity acted as a Custodian Trustee of a propety, Cammenellis Wl Hall. This was held on behalf of the suspended Cammenellis Wl, following their suspension. The building has not been recognised on the charity's balance sheet and has been held in creditors. as the charity will receive the income from the sale ofthese assets once three years have passed from suspension of the Wl, as is the practice with all suspended Wl assets. The propety was sold in February 2024, and the charity has recognised the income from the sale ofthe asset in these accounts. 19