REGISTERED COMPANY NUMBER.. 02758129 ien9land and Wal¢sl REGISTERED CHARITY NUMBER: 1015139 t d Flnaneial Statements r Efided 3 Octo Thé Nottln ham8hlre F*d&ra￿On of WOMÈ '$ In$titutos L) Wright Vigar Limrfced Chwtered Accountsnls & Business Mvlser5 Morton House 12 Appletongate Newark Nottingharnshire NG24 1Jf of Women's Inst[￿t Cont0nt5 of the Flnan¢lal Statements for the Year Ended 31 October Pog8 Report of the Trusts85 1 to 4 Ind•pendgnt Examlnor's Report ri Stat•m•nt ol Fln•n¢lal Actlvltles Balance Sh88t Not•$ to tho Flnanclal Slatemonti 8 10 13 Ll LJ Tho Ntsttln f Women's Instibjtes ham$hlrè Fedèra￿0￿ istsrod number.. 0275812 ort of th8 Trusle8S for tho Yoar Endad 31 October 2023 The Iruslees who ar¢ also directors of Ihe charity tr tho purp)ses ol the Cdmpani88 Act 2006, present their ￿pOrt the financial slat8ments of the charity for the yeai en#&d 31 O¢tober 2023. The Iruslee5 hav8 adopt8d thg PrO￿S1o￿5 of Accounting and Reporting by Charilles.. Statement ol Recommended practi￿ applicable to ch8rits.es preparing Ih8ir aco)unts in accordance wllh the Financlal Reporting Standard applicabk UK and Reput￿￿ of I￿￿nd IFRS 1021 (effective 1 January 20191. 08JECTIVES AND ACTIVITIES ObS¢ctlves and alms Tts luther the Plirpose of the Wcmen's Insutute movement in Nottinghamsh1￿ and elsevthere. The Women's Institute offer5 OPPOrtunitses for av women to enioy fTiendship. to ￿am, to widen thew horwn8 and together lo influencx k)cal, national and int8m8lion81 affairs. The Womans Institute aims to.. improve and develop Ihe quality of life forwomen and their families.. advance th& education ol women in citizenship and in publ￿ issuas, n8tional and ini6rnalional affairs., and anabb w0rn0n to work togother to pul into practic9 the idgals forwhi¢h th8 organisat￿n stsnds. In settlng our objectives and planning our acIN1￿63 our Trustees have gNgn C8T8lul con$idoraUon to the Charily Commission's general guidance on publ￿ benefit. Public benellt The Trustees h8vg constd8red, in wnjynctK)n wilh Ihe guidance wt8in8d in Iho Charity Commissions general gui¢Jance. put￿￿ b8nefil and have cJy7duded.' That the alms of trbe organisalion conunue to be charitable". That Ihe aims and work done giv6 ￿¢￿tirAbl& bènèfiis to the charitable soctor boih indiwty and directly lo individuals In need., That th8 b8n8rrtS are for the public, ar8 not unr8asonabty r88trict8d in any way and certainly nol by 8tj.lty to Pay,. and That is no detriment or ham alising from the ￿rn5 or aLaiwbes. The Nottln f Women's Institutes ham$hlr• F¢d¢ra iste on r. 02758129 ort of th• Tr ar End•d 31 Ocio hèy 02 ACHIEVEMENT AND PERFORMANCE Charltable acUvFtip$ In 2022r2023 Ihe cO￿d 19 Pandemlc CDnts"nued to affect events during 2022 but Improved in 2023. The Trustee comrrittee ol nine members, welcomed and inductsd tho n9w Trustees and said farewell to fow durln9 thg pasl y88r. As T¥ustees we have Ihe ￿S[L)nsIbIlIty ol kgeplro County House, our he&1quarteTS, rnalntslned and in gc*Jd pair. Th8 repairnkn.ng of the hous8 Outsth and ￿deCoratIng SLire internal rooms wos undertak8n. We continue to re¥￿￿ and update our Federation policy Ilocuments and havè adopted any NFWI poli￿$ wher8 applicab16. We keep our finances in good order wlh funds r8isad frorn subscriptions and fundraising events aThJ have kept C05t5 to minimum. The Trustee5 held virtual Trustee and Office and Finance meetings as did the Team5. We have th8 h81p or t)ookkeeper end Aecountanl. and we 5UPPOrt Wl8 with an Independent Financial Examiner s(*eme. We rnaintain rogular ¢onla¢t with the offi¢e $tsff. our Federa￿On Secretary Susan Sanderson, As$i$tafjt Sectstary Hoathar Roberts, and Adrnln Assistant V81 Saunders. We extend our slncere thanks io the staff lor thgir continua5 support lo TnJsl8eB 8nd to all members of the Federath)n. The TfUStee5 tskts ovwall responsibility for th8 adrninistratknn of the Federation. We ha￿ fve Teoms %*ho r8Wt lo Ihe Board.. Campaigns & Ccxnmunicabons., Creative Activthes., Office & Flnance,. Sports & Loisuro and WE Swpryt. They help lo oroanise tralning. and educational & 18tsur8 8venis for mgmbors. The Hornblow8r new$￿tter ha$ an eirdancg with the FSnancial Reporting Standaril appl￿ble in the UK and Repubb'c of Ireland IFRS 10211. I have no concems and have come across no othèr matters in connéeiion with the èxaminalion lo whic* ai¢gntion shw be draym in this report in tsrrjer Its Ènab￿ a proper understanding of the a£￿Unts to be roached. Paul Colcomb Wright Vigar Limited charte￿ Accountan15 & 8usiness Advisers Morton Hous& 12 Appletong81e Newark Notts'ngham¥htre NG24 1JY Date.. Page S F deratlon Institvt86 ofw Stat•mont of Flnanclal Acttvltles for thè Y rEn r 2023 2023 Total funds 2022 Total fvnds as reststed un￿stricted frjnd R8slricted fvnds Endowment fund Noles INCOME AND ENDO?￿E￿5 FROM Donalions and legacies 2,097 2.097 2,989 Charltablo a¢tlvllies Communlcalions T&a Crealive A¢livibes Sports & Leisure TNstees Committoe Wl Svpport Toam Olher charitable aclvitles Federation subscr￿1110ns 1,191 6,568 5.202 16,575 332 2,077 31.181 1,191 6.568 5,202 16,575 332 2,077 31,181 452 8.515 7.307 le,942 1.201 23 32.811 Olher trading aclivib.es Investment incomè Other in¢ome 9.854 780 55 9,854 780 55 12,552 286 Total 75.912 75,912 81,069 EXPENOITURE ON Raising funds 6.482 6,482 7.261 Cttarltable aclvltl•s Comtnunt¢alions Team Creative Actsvitses Sp)rt5 & L8isure Trustees C(ynffl(ttee Wl Support T8am Other charflable actiwtie5 Federation Expen8es 156 4.615 2.895 13.906 760 1,479 7e,505 227 4,067 4.442 13.650 948 692 7d,486 4.615 2,895 13,906 760 1.479 76.462 43 Total 106.755 43 106,798 105,7S3 Net gains on investmen15 123,822 123,822 NET INCOMEIIEXPENOITUREI 92,979 1431 92,936 124.6641 RECONCILfAnoN OF FUNDS Total funds brought forward As pr8vicNJsly report8d Prior year adjustment 384,118 11,6731 762 384.880 11,6731 407.871 As re$tated 382.445 762 383,207 407.871 TOTAL FUNDS CARRED FORWARO 475.424 719 476,143 383.207 The notes forni part ofthg58 finanoal statèmenls Page 6 The Nottin ofWDmen' F deration ILILrad number.. 027581291 B4Jonc¢ Sho_¢_1 31 Odo 2023 To￿1 funds 2022 Total funds as ￿trIed Unreslr¥clgd fund Reslricl8d funds Endowmènt fund Notes FIXED ASSETS Taryible assets 369,000 389.385 250,983 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 10 2.047 471 141,561 2,047 471 141,896 3,089 561 184.799 335 144.079 335 144,414 168,449 CREDITORS Arnounis falllng due wlthln one 12 137,6561 137.6561 136.2251 NET CURRENT ASSETS 108.423 335 106,758 132,224 TOTAL ASSEfs LESS CURRENT LIA81L¢TIES 475,423 720 476.143 383,207 NET ASSETS 475,423 720 476,143 383,207 FUNDS Unreslrictgd funds Restri￿￿ funds 13 475,423 720 382,445 762 TOTAL FUNDS 476.143 383,207 Thg charit8bb cotnpany 15 8ntit18d to axemption from audit und8r Saction 477 of the COmpan￿S Act 2006 for the year ended 31 October 2023. The members Mave not required the company to obtain an audit of 118 fin8nci81 slatèmonts for the year end8d 31 October 2023 accordance with Sects'on 476 of the Cotnpanies Ad 2￿6. The Iruslees 8d¢r¥iwl8dg8 th￿r r85ponsibililies for onsuring Ihat th& charitsblg company keeps accoundng records that comply wth S8cUons 386 and 387 01 the Cornpanie5 AGt 2006 and preparing finan(xal stal8m8nls which give a tru8 and fair view ol the 5tat& ol alfairs of the charitable company as al the end of 8a¢h finanry81 year and of its surplLJS or deficit for each finan￿81 year in ac¢ordanc8 with tho rtquitsmenb of Se¢lions 394 and 395 and which otherwise comply wiu) the requirernenls of ￿e Companies Act 2006 rèL4dng 10 financlal statèments, so a5 apphcablo lo Iha th3riiablè company. T￿se finanual SMlements have been prepar&J In accordance vdith the prowsions applicable to d)aritabk cornparies S￿bject lo th8 small cornpanies regime. The fina al stalements w6r8 approv•d by the 8oard ol Trustees and authori5ed lor issue and were sigaed on ils behall by.. on H P FtOse- Tw51eE The notes form part ol these flnancial slatemants Page 7 Th8 Nott1nllhaM￿1Tè F•d•ratton of Women's Institutes Notes to tF7e Flnanclal Stalemen h Y arEn 1 Octobèr 2023 ACCOUNTING POLICIES 88515 ol preparlng the ffinan¢lal stslgmènts The ftnancial statements of the charitablo company> wlich is a benefit antity under FRS 102, h￿e b8en prepared in accordartC8 with Ihe Charits"es SORP IFRS 1021 'Ac¢ounb'ng and Reporting by ChariJes'. Statement of Recommended Practice applic8bEe Ic> charities preparing their a¢¢oynt$ in accxjrdante wrth the Fin8nci&l Reporting Standard appllcable in the UK and Republic ol Ir8L90d IFRS 1021 (effective 1 January 20191.. Financial Reporting Standard 102 Th8 Fin8nci81 Reporbng Standard applicabte in the UK and Republic of Ir818nd' and Ihg Companies Act 2006. The finan¢N71 slatgrnonts have been Prepa￿ under the historfcal cost CA)nvenb'on, Bs mo¢Jffied by the revaluakon of certain a&8ets. Income All l￿orning r8sourc8s ara lncbJd￿ in the Slaternenl of Financial Activitie8 whan *h8 charity 15 legalty enti1￿ lo the ￿C￿me, the amount c8n be Measu￿ r81iably and it 18 proba￿ ￿al the In￿M9 b8 racaved. For donats.￿S lo b8 recognlsed Ihe tharity wll h8ve been notifi8d of the amounts and the 5gtUemanl datè in writing. If thefe a￿ conditFons attached lo the d(#￿1￿}n 8nd this requi￿$ a level of perforrnance b8lor gntiUem&nt can be obialned then in¢ome is deferred mlil those ¢or￿lliOnS are bJlly mgt or the fv￿lM￿l of Ih conditions is within tho Control of the charty and Ft Is probable that they wll be fU￿lIed. No arnount 15 inC￿ded in the finknoal ststements frjr YO￿nteer In Ilne with the SORP IFRS 1021. Grfts in ￿fjd donated for dislribution ar¥J fv res818 are 1ndL￿8d at fair valu& and rewised 88 income afKI stock upofi reeeipl. Donated faalilies and don8bY professional $8Nlces a￿ ¥ecognis8d in income al thwr fair value their gconomic benefil is probabte. it ran b8 measured rgliably and the charity has control over the it8m. Fair wakte Is d8t8rninèd on tho basis ol the va1ts9 01 the glft to thè tharfly. Incorne frcKn trading a¢ts'vits"e8 indudes income eamed from Iradi¥¥J aclMiTe5 to raise funds for Ihe charity. Incorne 15 receNed in exchange for supplying g(x)ds and seNlces in order 10 raiso funds 1$ ￿COgnIsed when enilUern8nl ha5 occurred. Exp•ndlture All 8xpendilure Is account8<1 for on an accruals basis and has been classif18d und•r hoadings that aggregat8 all costs related to the category. Expenttllure Fs ￿COgnIsed where there is a legal or eonstructive obligation lo make payments to third parties, it is probabl• that th& sewemenl wll bo wquired and the arn￿￿nI of th• obligat￿n can be measured rg￿8bty. It 15 ca18gori58d the folkjwing headings.. Cost5 Df ra15ing funds indu4Jes the ￿$ts r￿aling to trading actNiQ'es to r8ise fuNJs for Ihe charity I￿Ud￿g stod( lor the shop and Priftti￿g ty)sts lorthe tharity tnagaane. Expendlture on charbble acllvities hdudes expenditure on the obj&ctiv&$ of the charity. Federation expenditure ￿presents support (osts of the charity whith have not boon allocated to ¢hgrttablg a¢bwti8S. Grants offered 5ubj8cI io conditions which have rK)I b8en n*1 at tho year end date are noted as a COmrr￿1MenI but not accrue(J as expenditure. Tangibl8 fixed ass•ts D8pre¢iatson is provided at the folk)wing annug rates in order to writ& off each asset over ils gstimated usafitl Prowty Reslricied assets Fixtures and fthngs Computer equipment 2% on rèducing balanc8 10010 on reducing balance and 5.10 on eost 10°A on redudftg balance 33% on cost Stocks Stock consists of wrchased gty)ds for rosa￿ and unv58d officè supph"es. Stock5 ar8 valuad at th• lower ol costs and eslimateEI 5811ing PriL¥. Taxatlon Th8 ¢h8rty is exempt from eorrorailon tax cn its charftable aclivili8s. Page 8 t￿t￿Ue￿... The Nottln ofw ham$hire F8defatlon lor the Year Endgd 31 thtvber 2023 AccouKnNG POLICIES * cont5nued Fund accountlng Unrestricted funds can be used in accordance with thè eharflabb obl8c*"ves at the discretion gf the tru51ees. Restrictsd fvnds only be used for partywLqr r831n'Gted purpose5 Within th8 objecis ol thg charity. Restrict￿n5 arise when spear￿d by the donor or when ftjnds ar8 rai88d for particular restricted purposes. Further explanabon of the natu￿ and purpose of each fund is induded in tho Thjtes to Ihe financlal sl&t8menls, Hlre purcha8e and knasing comm4tmentJ R9ntals paid undèr operating lèasos 81è ehaigwj to thè stsiomonl of Finanoal Actmties on a strawJhl line basls over the perK)d of Ihe tease. Penslon ¢osts and other post4retlrement benefits Thè charltablo wmpany opèiatos a d8fin8d conmbutton pension sthem8. Cor>tribullons payable lo th charita￿e companys penskjn scheme are charged lo the Stslement of Financial Activ￿lieS ui the period lo which ey r81at8. OTHER TRADING ACTMTIES 2023 2022 as ￿Slated Commlttee trading income 12.552 VESTMENT INCOME 2023 2022 as ￿$tsted Depos￿ a¢￿Unt intere51 780 286 SUPPORT COSTS Governance costs Management Other Totals FederatLon EX￿Se6 2,546 5,420 6,539 76.505 NET INCOMEIIExPEND￿uREl Nel incomellexpen¢Jilurel is stated after chèr9ingllcredthngl'. 2023 2022 as rfjststed oeP￿clati0n- owned assets Hire of planl and machinery Deficit on disptss81 of fixed assets ndependenl gxaminers fees other service5 prowded by independent examiner 5,420 5.615 972 61 1.410 4.971 1.512 6.379 Page 9 ¢onlinued... The Nottln hamsttlre F 8r Notes to h$ Flnan¢lal Statemen for thè Year Ende . contjnued b8r 2023 TRUSTEES. REMUNERATION ANO BENEFITS There were no Irustees, remuneTatKJn or other benefits ft)r ye8r entjed 31 October 2023 nor for tho year ended 31 October 2022. Trusl88$' expenses Out of pocket 8xpen585 were reirnbur3ed to l¥uslees as I￿10￿$.. 2023 Nurnbw 12 2022 Number 12 2023 2022 Travel 2.318 2,338 STAFF COSTS 2023 2022 as re3taled Wages and $ahri95 Other pension costs 37,37T 374 36,492 335 37.751 36,827 The average rnonlhly number olemployee5 during thè year was as follows., 2023 2022 8$ rastalod Office staff No employees fe¢eivod $Th￿tIMentS in exces8 of £60,0(X). PRIOR YEAR ADJUSTPJIENT Due lo an inconsistency in th8 alkcati(M of 8ccc*Jntancy semces last year, a prior ye8r adjustmani was undertaken to aixurarely rgflecl the cost of seFvSces provlded in gath p￿0d. Thts adluslmenl rasulled in £1,673 of rx>sls bging r¢allo¢aled lo the yearen¢eO 31 O¢tDber 2022. TANGIBL£ FIXED ASSETS FkKtures aTr fitbngs Restricted a5s8ts Comwter uipmont Prop8FIy Tol8L% OST OR VALUATION At l November 2022 Revaluations 285.000 85,000 2.(x)7 17.521 2.488 307,016 85.￿0 At 31 (klober 2023 370.000 2,007 17,521 2.488 392,016 DEPRECIATIOhl At 1 November 2022 Chargo for year Revaluation adjustrnents 38.822 4,933 138,8221 1,538 47 13,185 2,488 58.033 5.42Q 138,8221 At 31 October 2023 4,933 1,585 13,625 2,488 22.631 LJ NET BOOK VALUE Al 31 O¢lober 2023 365,067 422 3.896 369.385 At 31 October 2022 246,178 469 4.336 250,983 Pagg 10 ccnlinued... The Noltln hamshlra Fed8ratlon Notes to the Flnanclal StstsmentL..sontiny.¢&. for the Y TANG18LE FIXED ASSETS- contlnu Cost orvaluats.on al 31 October 2023 15 ropr888nt8d by.. FiKttJres RE51ricted Comput8f equipment Propety rittsngs TotaL% valua￿On in 2015 Valuation in 2019 Valuation in 2023 Cost 265,379 15,000 70,000 19,621 265,379 15,000 70,000 41,637 2.007 17.521 2,488 370,000 2,007 17.521 2,488 392,016 If freehcld propety had not been Tevalued it would have been Included al the following histor￿al (x)st. 2023 2022 as r￿tated Cc>sl 19,621 19,621 Aggregate depreuation 12,330 8,27S Value of land in fraahold land and buildirws 7,291 11,346 The freehohl property was valued on an open mar*o1 basis on 27 February 2023 by Aasdair Momson Chartered Surveyors. 10. STOCKS 2023 2022 as r*statsd str 2,047 3,089 11. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 89 t85t8t8d Trad8 debt( Prepayrnents and accrued income 221 250 300 261 471 Page11 continued... Th• NottJnghams_hlr• Fodoratlon of Women'$ In$l' N t•$ to th¢ Fina ¢ia ents . contlnuèd 12. CREDITORS.. AMOUNTS FALLING DUE W￿H1N ONE YEAR 2023 2022 as Trstated Other creditors Accruals and daferred incoffle 13.149 24.507 11,820 24,405 37.656 36,225 t3. MOVEMENT IN FUNDS Pri yoar adjustrngnt Net vem8nt in fvnds At 1.11.22 At 31.10.23 Unre$trlcted ftÈnds General fund 384.118 11.6731 92.978 475,423 Rt$trf¢ted fund8 Denrnan Olp Chairman's Chaln 335 427 335 385 142) 762 1421 720 TOTAL FUNDS 384.880 11,8731 92,938 476.143 Net n￿ern￿l in fijnds, induded kn Ihe above ale a5 fd1(y￿.. Incc¥nn)g resourcos Resou¥ce8 expended Gains and losses Mov8fll8nl i fvnds Unr8strict•d fvnds General fund 75.912 111%,7561 123.822 92.978 Restricted funds Chairman's Chain 1421 1421 TOTAL FUNDS 75,912 1106.7981 123,822 Comparatlves for movem•nt In lund$ At 1.11.21 movem8nt %} funds Al 31.10.22 Unrestrlcted fund¥ General fiJnd 407,038 124,5931 382,445 Rg$trlctsd funds D&nman Oip Women's Inslitue Door Mat Fund Chairman'5 Chain ACMV Pennies For Friends 335 335 131 1661 121 493 427 833 1711 762 TOTAL FUNDS 407,871 124.6641 383.207 Psge 12 continu￿... Tho Nown hamshli• F¢d¢ra of Wornen's Institut lon Notes to the Flnancial Statements. ¢ontlnued for th8 Yaar Endad 31 Oct 13. MOVEMENT IN FUNOS - ¢ontinu¢d Comparative net movemellt in fund5, lrtluded In the above are as foll¢)ws.' Inwming resourc*s Rasourcgs expended K*)v8rn8nl in funds UnrestriGt￿ lunds General fund 81,007 1105,6001 124,5931 Restrlcted funds Women's In$btue Door M8t Furxl Chairman's Chain ACWW P8nnies ILY Frtends 131 1681 1841 131 1661 121 82 11531 TOTAL FUNDS 81,089 1105,7531 124,6641 D¢tall f R•strlctod Funds The Denfflan Dip iestrict fund ￿￿RIeS lo ￿r$ar￿$ g8ner8ted ￿rOUgh raffle inwrne. The wnning 8ntraftt has three years in which Its use tre butsary fund. after which the funds arg transferr8d to Ihè unreslTrcled reserves lo be used by the thartty. The Barbara HaNperEny Memorial FuThJ. Women's Institute Door Mat Fund and the Chaimians Chaln Fund rÈlat• to monies r&cewgd fof thg purposg ol purchasing the assoaaled tangible assets. The depreciation th8rg agaln8¢ these as3ets is belng 811oc8ted to the assoeAated fijad annually. The Am Fund8 are monios rfjcgived appeals lor tho assoriatgd d￿rity projocts. Tkffjse fflonies are then passed orF to the projects per1(￿￿taL￿. RELATED PARTY DISCLOSURES Therè no rebled paty transactions for the y&ar 8nded 31 October 2023. Page 13