REGISTERED COMPANYNUMBER: 02753736 (Tngland and W*le8)
RECISTERED CHARITY NUMBER: 11115949
REPORT OF THE TRUSTEES AND
iINAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
LJNCOLNSHIRE NORTH FEDERATION OF
WOMEN'S INSTrrirrES
Dextsr & Sharpe
Chartered certifi￿ Accountants
Rollestone House
2(b22 Bridge Str¢rt
Horn¢ostl¢
Lillcolnshire
LN9 5HZ

LINCOLNSHIRE NORTH FEDERATION OF
WOMEN'S INSTITUTES
CONfENI3 OF TKE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Page
Report ofthe Trustee4
I to 7
tndependeut Examlller'5 Report
St4tement of NnAndal A¢tiviti
B•l•n¢¢ Sbeet
io
Notes to the Flnanclal Statements
11 to 16
Det￿ed Statemellt of Fknan¢lxl A¢dvlt
17 to 18

LINCOIF4SHtRE NORTH FEDERATION OF
WOMEN'S INSTITtrrES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
The Th￿te¢S have pleasute in presenting their rwt and the Federation's Accounts for th¢ y¢gr ¢nd¢d 31st October 2024.
The Federntion accounts have been prepared in the format prescnljed by th¢ Statement of Recornmended Ptzctice (SORP) issued by tbe
Charity Commission in March 2CK15. They deal with the tronsactions and assets and liabilities of the Lin¢o]nsbift North Federntion of
Women's Instityt¢8.
Pag¢ I

LtNCOLNSHIRE NORTH FEDERATION OF
WOMEN'S INSTITUTES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER21ll4
ObSectiveJ
The obj¢¢tives of the Fe4lertion are to fillth¢r the Purposes of the Women's Insti￿te movement tti Lin￿]nth1[¢Nort￿ alld elsewhere.
To advatwx tILe education of women and girls foi the public benefit in all areos in¢luding (without limitation)...
i. I￿, naiional and internatiottai issues of political and social importaiic¢'
ll. Music. drama and other eultural Subjects" and
iu. Ail branches of agriculture, crafi3, home economics. ￿l¢ll¢¢. health and social welfaTe'
b. To promote sustaithle d¢velopment for the public benefit by.. -
i. Educating people in the preser￿10￿ Conserv￿loll and protection of the envirorrnt aud the Prudent of natsll81 resour¢¢s' and
li. Prornoting s￿tainabl¢ means of ￿hle}￿ng economic growth and re8¢nernti
lli. To advance health forthe Pllbli¢ benefit. and
iv. To advance citizensbip for the public benefitby the promotion of ¢ivi¢ responsibility and volunteering.
'Sustainable D￿ClOpmen￿ means developm¢nt wbich meets the needs of the present g¢nernlion without compromising the ability of
futh gen¢Tutions to meet theirneeds.
The Wotn¢n's Institute organisation 8¢¢ks to give women the 0pwTti￿ty of working together in their communities. of developin8 their
capa¢ity and skili4 and of putting into pra¢ti¢e those idea]s forwhich the Wom¢n's tnstibjte stands.
Strategl
The k¢y elements of the Cknitys medium to lonE-terni strategy COJLgiSt of...
personal development and promoting lifelong learning by ensurin8 tr￿ltiOnal skills are preserve(L
2. EncouTrging Wl members to adopt he￿thIer, mor¢ 8ustsinable lif*les, by supporting i¢i8ur¢ activsties. the sciences and combined
. Increasi￿ the WTS iafiuenc¢ of legtslatOTS. Opinion forn]ers ond tlL¢ publi¢ at large with regard to LO￿1. national and international
iSSU¢8 ofpoliticai, and Bocial Impor￿¢. and to mainkn the position as are&p￿ted￿￿oice of reason, tnt¢gtity and ititslligence.
The Federdtion's m¢diwnto long.term strategy 18 k¢pt underTeview and adjusted to m￿t ¢bangiMg needs.
The ThLSt¢U D)onitor and assess the $u¢c¢ss of the strategy by.."
Obtsining f¢alback from membership.
Maintaining contsct witb oth¢t ¢haTitie8 and other Federatio￿ pursuing the Federation's int¢r¢sts as ayeedby the rnern￿p
Maintsining rexords of coursel¢vents attendonce and trends therein.
Princlpal ObJe¢dve4 for the Year Ended 31$t O¢tob¢r 2024
The F¢d¢ration's prin¢ip81 objectivu for the ye4r ended 31 Octob¢r 2024 We￿..
i) To continue to offer o wide aTange of leaming opportimitie8.
ii) To provide continued support to local WIS throu8b the provision of approwiate advi¢¢ alld training.
A¢hlevements and PerforniaDreJ
The Events and Activities Tcam (EAT) and the tsust¢e8 Wrte able to pr¢s¢nt a full pro￿8￿me of ¢vwts ond 4Ctivities.
Board of Truste
T￿￿teeS met monthly at ￿ House and ￿ntinUed to provide a Zoom Optio￿ Lincolnshiff North. onrx again. ho8t¢d & su¢ce85ful WI
Marque¢ at the LincoinsbiTe Show iti JuDe.
Tn￿te¢S and otb¢r help￿8 held their popular refr￿brnellt tent at the Cgningkn Steam Rally in May alld refre5bments were similarly
provided at Spilsby Show in July.
Page 2

LThCOLNSHIRE NORTH FEDERATION OF
WOMEN'S INSTrnrrES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
Members Advlsory Commlttee
Lincolnshire North F¢d¢rntion ￿n￿lse￿. 53 Wls. approximately 161K) members.
One WI fornied during the year.
Events Committee
As 202312024 ende4 the Events & Activities Team Comwised of twelve n￿bers. ￿nsis￿n8 of ten ￿ Mernbe￿ appointed by the
Board of Thtss. and two Federntion Tntstees.
The purpose of the team is to provide a Mde variety of ¢v¢nts ¢ovtting Art& Leisur4 s￿[vACtivIties, Social Awareness. Cultur¢
and Topic81.
Each ev¢nt enables members and non.memb¢rs to particip&tr in a subject they may otlMwise not hav¢ gn opportiitllty lo expcriM¢e.
Dwin8 the last year events have iti¢lud￿ sausige making workshops, bigh mpes adv¢ntrtr¢s. * visit to a dally faTll4 and carriage
driving. There w￿e coach trips to Castle Howarf Harn)￿te S￿ill8 Flower Show and Toletho￿¢ Theatre.
A science day. churches tour aud knurder huTht' were all hu8¢ly p)pular.
Crth cl&ss¢s offered at ￿ House bave includ¢d a series of knitti￿ workshops, 'free motion, ¢mbroid¢ry usitig th¢ FederntioL's sewing
Th¢8¢ events help with our &in)s to 4ll¢vi4te lonelines4 encoutage social Interactio￿ and provide edu¢ationd opportiJDities.
Events across a broad cost-ran8e are provide¢L Any profit from the ¢v¢nts ¢ontribut¢ to the FedeRtion costs. as well as building
res¢rve5 to protect the organisation from the risk ￿SOcIated with income and cost fluctualions.
Goitig foThv￿ into 202412025. EAT have over 30 events pla￿ll&l cov¢ring nwiy subjects.
STrATEGY
The Fd¢rats"on'8 medium to long.terni strategy 1$ W under review and adjust¢d to ]￿e¢t the chan￿ll8 needs and the ext¢nt to which
ne¢ds have been met by perforn]2n¢¢ in precedingperiods.
i) To Continue to offer a wider range of le8rning opportillllties to ¢)￿OUr￿8e p¢r80nal development alld ]ifrlong l¢aTntJg and to improve
ew and traditional skills.
ii) To conlinue to en¢ourage WI membeTS to adopt h¢￿th1¢r. more su8Iai￿ble lifestyles, by supporting leisure actTvities, the scierkces
d combiaed art5.
Ill) To dejiver members, skills into th¢ con]tnurrity wherever thcy are rtquited
iv) To increa￿ membernbip. by opening new W15 wher¢ possibl< and to sustain present m¢mknthp by supporting and encouraging
established WIS.
Governlng do¢ument
The chartty is Controlled by its governing document (dated 07 October 1992), & deed of tru8L and constitutes a limited company. limited
by guarantee, as defin¢d by the Companies Act 2006.
Pa8¢ 3

LINcOI￿s￿￿RE NORTH FEDERATION OF
WOMEN'S INSTITUTES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 ocfoBER 2024
STRUCTU￿ GOVERNAI¥CE AND MANAGEMENT
The Lin¢o]nshire Nortb Federation of Women's [nsti￿te$ represents the WI movement in mid.LincolnshiTe and e]sewhere.
The ITrIFWI CODsists of 53 WIS representin8 a m¢mb¢tsh4J of just under 1.6W womfflL
The LNFWTS role is to CO￿rdinate and focus tb¢ activitic8 of the movement with each local WI and repres¢nt tbcir vkews to th¢
National Council of the National Fedeftxtion of Women's In￿ltuteS INFWD wbich meets at least annually foT sbapitig policy And strategy
and deter￿g campaign statt¢¢s. In addition, each WI is represented at the LNF￿ Annual Me¢tiD8 al￿ NFWI'8 Annual M&t]ng
(AM) therebyproviding an additiollal channel of COMMU￿CatiOn.
The LNFWI'S Consti￿tiOn is set out in its Memorandum and Articles of Association . CA)pies of which ¢ao be obtsitied fmm tbe
Compan￿5 registered office or from Comp8tiies House.
Under the tern￿ of Memor8ndum god Articles: .
i. A ￿ of £1 is providsj by each of the companls members.
The Board of Tnths shall consist of at least e￿￿t and not more than L5 petsoDs elected in aCcOrd￿￿e vlith Articles 44 to 47.
iii. Th¢ Board of Trustees is elected for thre¢ y¢ars by the nmnbersbip.
iv. All offi¢ers to be elected at tbe firstmeetin8 of th¢ n¢w Board of Tn￿te¢s. indepentht tellers to be ￿Sed rfrequire
Polleles & Pro¢edures for TralDlng and Induedon of Tnmteej
Following electio￿ the men)b¢rs of th¢ Board #re inducted to the responsibilities of & Trust¢¢ through th¢ NFWL If tlfft are no suitable
calldidates for a sp￿lfi¢ role eg Treasurer, a ¢wtion of a suitable person with th¢ requisite skllls maybe made.
C¢wtions to be tbe terni of off￿e of the Board of Th￿.
Follory elections. members of the Board may attend training cou￿8 for their specific roles.
Orglnisatioll￿ Stru¢ture of the Cb*rity Ind how dethlons are made
The Board m¢¢ts ¢1￿¢ll times a year. FirLancial updat¢S and budget r¢views forn) part of the monthly Board meeting ag¢nd4 and
Tn￿te¢S arc briefed by the F¢d¢rntion Treasurer on all aspxts of the Fed¢ration's ful8￿¢S. budget plans fjjnd rdising and grant
app]icatiOts8.
Additio￿ worknng ci)mnllttees operate for each of the FfAeration's main areas of &¢tivity with members of the Board of Th]stees or
suitsble candidates appointed by th¢ Board of TTU8tee8 acting as Cbainnen of these ¢ommitt¢e5. These committee5 are..
Events and Adivitie5 Team
Litt￿]nShir¢ Show Ad-Hoc CoD]mit*¢
The followitig matters requiT¢ Board approval...
The Arnuai Budget
R¢seTVe5 Po]icy
Capi1al Expenditure
Investrnent Poli¢y OD the recommendation of the Board of Thtstees
The Risk Re8i$t¢r
Th¢ Annual Finallcial Statement
Page 4

LtNCOLNSRTrE NORTh FEDERATION OF
WOMEN'S INSTrrurES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 o￿oBER 2024
STRUCTURE, GOVERNANCE AND MANAGEM
Rlsk Man•2wnellt Polley
Througb tbe activitie5 of the Boar4 and the separate w0￿]ng Groups, tbe TDJstees have considered tbe principal risks to which the
Fed¢rntion is expos￿ including the risk to the Charity'8 finallei￿ position4 premi8¢s and reputation, and have In￿lemented ￿lIe1¢S to
Control these risks where deemed necessary. A rcvi¢w of the risks confrontitig the Federation is uttd¢rtsk¢n on a r¢gulor basis.
The principal risks. whi¢h ¢onfrontthe Federatioo consist of financial Tisks andreputstional risks.
The Federation is exposedto awide ronge of finwiai risks. wbith indud¢ th¢ risks of loss¢s ￿ls1)8'.
From fraudulent a¢tivities of third parties
As a result of breaches of law or ffgulations. which could ¢xpose the Federntion to Ios8e8. arising frorn penalties and damages
From the Federation uoable to meettheir obli8atiolls
The Fedmtion controls these iisks by implementing sound governance and maintsining ri8orous financial controls.
A segregation of duti¢s exists between the chlin￿ of the BoaTd and the Company S•, with the chaIrn￿ of the Board being
Te5ponsible for th¢ ¢ondu¢t of Bo¥rd Meetings. whicb detenDine policy and strategy* whilst the Company Secretary is responsible for
the day.tr￿&Y JD8nwent of the Cbaritable Company and the implenKntstion of Board deterniined strategy.
The controlled environment in which the Federation operates is considered robust and includes ensuring gn ad¢quate segre8ation of
duti¢8. do¢umented authwisation procedures, budgetary controls and multiple signatory Controls over payments.
The Federation monitors Accou￿ receivabl¢ dosely takes prompt follow-up a¢ti¢)n WI￿ receivables become overdue.
Adquate iDsuTrnce is mAintsined to cover ail risk8 to Federntion property and the Board puiodic8lly reviews the Federation's insur
The Federation is conscious tbat ajy domge to its reputstion bave implications for theWI movement as a whole.
Page 5

LINCOLNSHIRE NORTH FEDERATION OF
WOMIN'S JI¥STrrtrrES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
The Linco]n8hir¢ North Federatioa of Women's Institutes is a COMPANY LIt*frrED BY GUARANfEE AND NOT HAVING A
SHARE CAprrAL (Compally No. 2753736) Itis a]so aTegisternl Charity No. 1015949.
R¢8iStcrcd alld Principal Office is Wl Hous¢. Bath Strrf Homcastle. Lincs. LN9 5BW.
Angela Borntsn
Jean Burgess
Paula BuTtett
Janet H4Tti8on (Vice Cha]rn￿)
Gill PU￿eY
MaTia Scott
y￿kIe Summ¢
BarbaTaYoung
DAY to d&ymaDagement of th¢ cb8rAtable company is dekgated to the Compally Secretsry. Jessica Rawdon.
PROFESSIONAL ADVISORS
Aeeountsnts
Dexter & ShaTpe
Chartered Certified Accountants
Roll¢stone House
20-22 Bridge Street
Horncastle
LN9 5HZ
B*nken
HSBC
IA)uth
LNII 9QB

LINCOLNSHIRE NORTH FEDERATION OF
WOMEN'S ￿sThTUTES
REPORT OF TRUSTEES
FOR THE YKARENDED 31 orfoBER 2024
F￿ANc￿L RE￿Ew
The SOFA (statement of fin￿1&1 activity) indicates that the Fthtion had & I￿S successful year financially. This was primarily driven
by th¢ flooding in Hornwtle in October 2023, which cawed damage at Wl House. The repairs had to be financed through our extsting
r¢seryes, as tbere is no flood insurance cover for the building (¢onrnon with many properties in H0rn¢0Sti¢). The Tn￿te¢S an
OV¢tspend for the 202312024 finaacial year to cover the ¢08t of these repairs.
Aside from this utt¢xpected event expenditure continuol to be kw down wherever possiljle. For ¢xamplc, we contiJLue to hold hybrid
meeiings to rdu¢e transport costs. Regular budget upd4tes were given to the Board of TnLqt¢¢8 at monthly meetings.
Affiliation fees continue to be a key source of income forth¢ Fed¢rntion.
Membersbip is showing a downwaTd trend and this needs to aT￿lysed more thorougbly and platss develop&a to 5tabilise the position.
The ineome delivered by tbe Events A¢tivitie5 Team (EAT) provided a significant contrib￿1(￿ to the Federdtion's fin8nc¢s ov¢r the
Gifts to Go stc¢k was s¢nt out to individual Wls and b&$ 8]so b¢en available to p￿thsc at E8rger ¢v¢nts or8gni8ed by EAT and the
Tn￿. Together with the sal¢ of Calendars and diaTies. tbis provided w¢l¢ome additional iT1con￿.
The investment fundq have performed well during the year, which has helpoj the fJnanci81 po8itioty but this incorne CaDnot be reli￿ on
each year os th¢ malket position can cballge sigoifi¢atttly during any 12 month period.
Unfortunately, income from the letting of Wt House fell to zem during the financial year, due to the tbod danuge. Now that th¢ repairs
hav¢ been completr4 thebuilding ¢att be promot￿1 as avenue to renL
The c05t of uti]ities conknues to increase, and th¢ Board of Trustees review5 energy provid¢rs on a regular basis to ensure the Feduation
uli]ised the mo$tb¢neficial tsrifh.
Jnternet bgnbng contitiues to incr¢w. with more now choosin8 to pay for events using this methol thereby helpin8 reduce
bankin8 cbar8es.
A sumw of in¢om¢ attd expendibjre for th¢ year is included with this ryrt ajd the set of accounts are &vailable to membets on
tequesL at WI HO￿t. Homc8StIe.
Reserves Pollcy
Th¢ Federation requir￿ re&erves to allow it to continue work in COnn￿tIon with th¢ promotion of the interests of women (as $￿Tfied
by the F&leration'8 Conslitution) in the ev¢nt of unforeseen disruptions to its in¢oTne streams. The Tr￿$ Consider holding
unrestricted reseryes eqw'valent to six month's expenditure oplimal.
Budgetary discipline will wntinue to be applied to ensure th¢ restri¢ted reseTYes are maintained atthe optimal level.
The Federation re¥erves policy is reviewed annually bythe Board of Trustees.
Approvedby order of th¢ board of tswtees on 10 Marrh 2025 and signed on its behalf by..
P Bu￿ett. Tn￿le¢
Page 7

INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF
LINCOLNSHIRE NORTH FEDERATION OF
WOMEN'S ￿STr[urEs
Ind¢pendent enmlner'b report to the trustees of IAn¢olnihire North Federatlon of WomtD'i IDJtitsts (lthe CompAlly')
I report to the cljarity tnth on my examinAtion of the accounts ofthe Compony forth¢ year endeA 31 October 2024.
ResponslbilitleB and b•sls of report
As the c1w1￿8 trustees of th¢ Company (and a150 its directory for the pU￿05<S of company law) you are tesponsible for the preparation
of the a¢¢ounts in acC4)r￿￿ with the requireM￿ts of the Comp￿￿ Act2006 Cthe 2006 Act).
Having satisfied myself that the accounts of the Company are not required to be auditrd under Part 16 of the 2(M)6 Act and are eligible
for independ¢nt Cxalni￿0￿ I report in rwe¢t of my exBMi￿Oll of your ¢haTiWs accounts as carried out under Seclion 145 of tbe
chariti￿ A¢¢ 2011 Cthe 2011 Ace). In Carrying out my exomiJMtion I Iwv¢ followoj the Directions given by the ChaTity con)mi￿10n
under Section 145(5) 0)) of the 201 l ACL
Independ¢nt eumln¢VJ statsment
I have completed my examinatiofy I confirni 1hat no matters bav¢ ￿me to my attention in conn¢¢tion with tlke examination giving m¢
cause to believe:
accounting recordg wtre Dot kept in respect of the Company as required by Sedion 386 of Ihe 2006 Ac¢. or
the accoullts do not accord with those records" or
the ac¢outtts do not comply with the a¢¢ounting ro]uirements of S¢¢tion 396 of the 2CX)6 Act other than any requirrnt that
tbe accounts give a true and fair vi¢w whi¢b is not a nutter consid¢r¢d as part of an independent ¢xamin4tion' or
th¢ a¢¢ounts have not been prepared in accordance with the methods and principles of tb¢ Statement of R￿0mMended Prnctiee
for accounting 8nd reporting by charlties (appIl￿ble to clwities preparing their accounts in accordan¢e with the Financial
Rwting StandaTd applicable in th¢ UK 8nd Republic of Jreland (FRS 102)).
I have no ¢4)￿¢m$ ¥ttd htve come a￿$$ ]ko other mattus in Connection with the examin￿ll to wbi¢h atteJ)tion sbould be drawn in tbis
Tristran Russell
BA (Hon8) FCCA
Dexter & sh￿Pe
Chartered Certified Ac¢ount*Thts
Rollestone Howe
20-22 Bridge Str¢¢t
Horncastie
Linco]nshire
LN9 5HZ
10 Matth 2025
Pag¢ 8

LtNCOINSHIRE NORTH FEDERATION OF
WOMEN'S L¥STITufES
STATEME￿ OF FINANCIAL AcrivrriES
FOR THE YEAR ENDED 31 OCTOBER 2024
2024
Unrestricted
fundB
2023
Totsi
Notes
COME FROM
Don￿lon5 and legacies
17Jl)O
17,624
ChArltsble activltles
SuppoTting Wt branches
57228
43.555
Other trading activities
Inv¢8tment income
Other incom¢
7,902
4J75
2,430
11,039
564
Total
89235
72.782
Raising bjnds
7rt16
4,182
Charlt*ble aetivltleB
Supportin8 ￿ branches
83.129
71.976
1140
1060
Totsl
92,685
78.218
gains on inv¢8tsnents
811
980
NET INCOMEI(EXPENDITURE)
{2,639)
(4,456)
RECONCILIATtON OF FUNDS
Totsl funds brought forW￿d
247,660
252.116
TOTAL FUNDS CARRIED FORWARD
245.021
247.660
Th¢ notss fonn part of th¢s¢ fjnancial statements
Page 9

IJNCOIJ4SHtKE NORTH FEDERATION OF
WOMENIS INSTITUTES
BALANCE SHEET
31 OCTOBER 2024
2024
Unrestricted
funds
2023
Total
Notes
FIXED ASSETS
Intangible assets
Tan8ibl¢ assets
Investtnents
25
155,791
60A57
329
152.273
56,081
io
216373
208,683
CURRENT ASSETS
Sto
DebtOTS
C&sh at baDk and in hand
12
13
1,780
1549
45,717
3.132
lJ42
49.864
49,046
54.338
CREDITORS
14
(20298)
{15,361)
NET CURRENT ASSETS
28,748
38,977
TOTAL ASSETS LESS CiJRRENT LIAB]LTfiES
24S021
247,660
NET ASSETS
245,021
247.660
15
Unrestticted fimds
245,021
247,660
TOTAL FUNDS
245,021
247.660
The ch8rAt&ble company is entitled to ¢xemption from audit under S¢¢tion 477 of the Companies Act 2006 for th¢ year ended
31 O¢tob¢r 2024.
The members have not required the compw to obtsin an audit of its flnancial stat¢ments for the year ended 31 October 2024 in
accordance with Section 476 of the Compani¢8 Act 2(I)6.
The tn￿ acknowledge theirresponsibi]ities for
(a)
ell5uri￿ that th¢ ch4ril4ble compally keeps ac¢ountiDg records that comply with Sxtions 386 and 387 of the Compani¢s A¢t
2006 and
prepry fJJ)¥n¢ial statements which give a aJd fair view of thc stat¢ of affairs of the clwitable wnp8ny 98 at the end of
each financial year and of its SUTplus or deficit for each financial year in a¢cOrdan￿ with the requiretn¢tits of Sections 394 and
395 and which Otberwj￿ comply with the requirements of the Companies Act 2006 relatitig to financial statements. so far as
applicable to th¢ chaTitsble cornpBny.
(b)
These financial $tat¢rnellts have been pr￿ared in a¢coTdance with the provisioDs applicabk to charitable ¢ompanies subjKt to the small
conu)otiies r¢8im¢.
Th¢ fman¢xal statements wer¢ approved by the Board of Tn￿te¢S and authorised for issue on 10 mp￿ 2W25 aad were signed on its
behalf by..
P Burrett. Tn
The note5 form part of these fi]h8nciai statements
Page 10

LINCOINSHIRE NORTH FEDERATION OF
WOMEN'S ￿sT￿lTEs
NOTES TO THE VtNANCIAL STATEMENrs
FOR THE ITAR ENDED 31 OCTOBER2024
ACCOUNfiNG POLICIES
Ba51B of preparlng the flnanclal gtstsments
The fuhancial ststements of th¢ ¢horit&ble company. which TS a pub]ic beThefit entity under FRS 102, bave been Prepared in
accordanee with the Cl)aTiti¢s SORP IFRS 102) 'Accounting and Reporting by Charities: Ststenmlt of Reeonllnended Practice
applicabl¢ to chariti￿ wepating their accounts irL accordallce with the Finallcxal Reporting Stsndard appli¢abl¢ in the UK and
Republic of Iffland (FRS 102) (effedive l January 2019),. Financial Reporting Stsndard 102 Thc Financial Reporting Standard
applicable in the UK and Repub]ic of ITe]and' and th¢ Compatiies Act 2006. The finaThcial statements have been prepared under
the historical ¢ost Convention. with the exceplion of inveslments which are included at Rnark¢t valu¢ as modified by the
revaluation of certain asset5.
IDeome
All income is recognised in the Ststem¢nt of FinaD¢ial Activities once the charity has entitlement to the fimds, it is probable that
the inc4)me will be received gnd th¢ 4mouoI can be measured Teliably. The largest income stream comes from affiliation fee
and the remaind¢r of th¢ in¢om¢ is from attendance at events where the memb¢rs of the Women's ]nstityt¢ provide
refreshments. aod from the sale of Public￿lons and other related items.
E4)¢nditure
Liabilitie5 are reco￿lis￿ ￿ ¢xpendityrt as soon #8 there 18 a legaI or Constructive obligation committing the charity to that
expendittlle. it is probable that a transfer of economic benefits will be required in s¢ttl¢m¢nt and th¢ amount of the obl7gation
can be m¢&sured reliably. Expenditure is account&J for on an accruals b¥1$ and has be¢n Classified under headings that
aggr¢gat¢ all ￿$t related to the category. Where costs cannot b¢ dire¢tly attnThuted to particular heading8 they have been
allo¢atedto activities on a basis consistent with the ￿¢ of r¢sour¢¢s.
Irrecoverable VAT is ohar8ed as & cost against the activity forwbich tbe expendilure was incuned
Ratslng fuDd8
Raisiug funds includes expenditr in¢urredby the chatity to atlTrct income for its charitable puw.
Chgrltable *¢dvltle5 expenditure
Supporting Wl branches includ¢8 those ¢08ts in¢uTred by the charity in the delivery of its activiti¢s and $¢rvi¢es. It in¢lud¢s
both costs that c4n be allocated dir¢¢tly to su¢h activitie5 and those costs of an indirect nttes88ry to 8llPPOrt them.
Int￿le fixed asjets
Websit¢ amortisation is provided at 33.33% on cost in order to wtite off the asset over its estin)atedusefill lifr.
T*nglble fixed *wts
Depreciation is provided atthe followiag annual rnt¢$ in order to write off each asset over its estimated useful life.
Fr¢¢holdpropety
Plant and machinery
Fixtires and fittings
I•A on ¢08t
15Uh on reducing balance
2￿/0 on cost 8Thd 15% on r￿￿IngbA1attce
T￿lI10n
The cljarity 18 ¢x¢mpt from cotporation tsx on its oharitable activitie8.
Fllnd aecoundng
Unrestricted funds can beused in accordance with th¢ charitable objectives at the discretion of th¢ trwste¢s.
Restric￿￿ fimds con only bc used for particular restiicted purposes within the objects of the Ch￿lty. Restrictions aris¢ wl
specified by th¢ donor orwhen fi￿￿ts are raiged for parkn¢ular restrictedpuTpo&es.
Further explanation of the 80d puryJ8e of each is included in the not¢8 to the flnancial statements.
Illvatments
Fixed asset inveslments are stated at valuation as at 31 OctobeT 2024.
Pagell
continued...

LINCOLNSHIRE NORTh FEDERATION OF
WOMEN'S INSTTrtrrES
NOTES TO THE FINANCIAL STATEMEwfs. ¢onthiMed
FOR THE YEAR ENDED 31 OCTOBER 2024
DONATIONS AND LEGACIES
Income from government grants con4)ris¢s of a Brant from The Big Lottery to fulld the conslTUCtion of a car puk at WI House.
This Incon￿ is b¢inB r¢l¢ased to the Statement of Fin8ticial Activities over the expected life of the asseL
OTHER TRAD]NG ACTIVITIES
2024
2023
blt¢ations
Lettings
7A33
8.917
I,oio
1,112
469
7,902
11.039
INVESTME￿ ThCOME
2024
2023
4J75
564
OTHER INCOME
2024
2023
Donations received on behalf of a 3rd paty
Donations received
1367
1.163
2A30
NET INCOMFJ(EXPENDITURE)
Net in¢omel(expenditure) is stated 8ft¢r ¢hargillty(¢rediting):
2024
2023
Depreciatiott- owned 485ets
Deficit on disposal of fixed assets
Website amoTtisation
1919
2,819
1,109
304
2,060
304
2,140
TRUSTEESI RE￿[UNERATIoN AND BENEFITS
There were no tswtees, temunerdtion or other ben¢fits for the year ended 31 October 2024 nor for the yegr entsj
31 October2023.
Tnwt¢es' travel expendi￿ of 4126 (2023: £2269) wa5 paid during the year.
Page 12
conlinued...

LINCOLNSIIIRE NORTR FEDERATION OF
WOMEN'S INSTITUTES
NOTES TO FINAI¥CiAL STATEMENTS. eonthiued
FOR THE YEARENDED 31 ocfoBER 21)24
STAFF COSTS
21124
2023
Wages and sBlaTies
16W2
16209
16209
The av¢rag¢ monthly number of employees dwing the ye8rw&s a8 follow5..
2023
o- 10.000
10.001- 40.Th)0
No employees received emoluments in eX￿S of £60,(M)O.
INTANGIBLE FIXED ASSETS
Website
COST
At l Novernber 2023 al￿ 31 October 2024
911
AMORTISATIO
At l November 2023
Chars¢ for year
582
304
At 31 October 2024
NET BOOK VALIJE
At 31 October 2024
25
At 31 October 2023
329
io.
TANGIBLE FIXED ASSETS
Fixttwes
Freehold
PTopety
Plant and
fittings
Totsls
COST
At l Novembu2023
157ffj56
21,631
I￿5
5,641
5,100
184928
645
At 31 Octob¢r2024
Is7￿56
23,176
l(J.741
I91￿73
DEPRECIATION
At l November 2023
Charge for year
14,013
I￿77
17J56
656
1286
32,655
1919
208
At 31 October 2024
IS￿90
14012
2.180
35,782
NET BOOK VALUE
At 31 October 2024
142.066
5,164
S￿1
155,791
At 31 October 2023
143,643
4.275
4J55
152273
Page 13

LINCOINSHtRE NORTh FEDERATION OF
WOMEN'S INSTITUTES
NOTES TO THE FINANCIAL STATEMENTS. contlnmed
FOR THE YEAR ENDED 31 ocfoBER2024
ii.
u￿1Sted
inveslments
At l November 2023
Revaluations
5&081
4J76
At 31 October2024
60A57
NET BOOK VALUE
At 31 October 2024
60A57
At 310¢ts)ber 2023
56,081
There were no investment &wets outside the U
12.
STOCKS
2024
2023
Stocks
1,780
3,132
13.
DEBTORS: AMOUNTS FALLING DUE wmuN ONE YEAR
2024
2023
Prepayments
1¥9
1.342
14.
2024
2023
Otber ¢reditors
2J64
000
11.934
6.500
8.861
Acavais and re£eipts in advance
20298
15,361
Deferred income compri5¢8 of The Big Lottery wt Te£eived for th¢ Car paTk at WI Houq¢ and xs being released to incom¢ over
the course of twenty ye8TS.
15.
Net
TTansf¢rs
At
i.l 1.23
At
31.10.24
UDrntrl¢ted fun
Fe(krntion fimd
Federation re8eTV¢
217,660
30,000
(2.639)
{iO.ODD)
io,ooo
201021
40,1100
247,660
(2ffj39)
24&021
TOTAL FUNDS
247
(1639)
24S021
Page 14
continued..

L]NCOLNSHtRE NORTH FEDE￿TION OF
WOMEN'S ThSTrruTES
FOR THE YEARENDED 31 OCTOBER 2024
15.
MOVEMINf JN FUNDS. eontlnued
N¢tnkovement in fill￿5, included in tb¢ above are a8 follows:
Gal￿5 ond
losses
Mov¢ment
resources
Unrejtricted fun
Federntion fund
89235
(91685)
(2,639)
89235
(94685)
811
(2,639)
Comp#radves for movement ID fulldi
Net
movement
in fjjnds
At
1.11.22
At
31.10.23
222,116
30,
(4,456)
217.660
30.000
252,116
(4.456)
247,660
252,116
(4,456)
247,660
Comparative n¢tmovement in fillKls, included in the above are follwws..
Moveme
expended
losse$
Unrutricted fimds
Federation fin
72,782
(78,218)
980
(4.456)
TOTAL FUNDS
72,782
(78.218)
980
(4.456)
A ¢utrentye8r 12 months andprioryeor 12 month combined po&itioTh is as follows:
Net
movement
in fimd
Transfers
At
1.11.22
At
31.10.24
fjjnds
Unrestrleted thndi
FedeTrtion fund
Federationr¢8¢rye
222,116
30.OIK>
(7,095)
(lo.￿)0)
io.Th)o
205,021
40,000
252.116
(7.095)
245.021
TOTAL Ft)NDS
252.116
(7.095)
245.021
Pag¢ 15
continued...

LINCOLNSHIRE NORTH FEDERATION OF
WOMEN'S INSTITUTES
NOTES TO TH￿ Fll¥ANCIAL STATEMENTS. conthiued
FOR THE YEARENDED 31 ocfoBER21)24
15.
MOVEMEiYf IN FUNDS. conthiucd
A year 12 months ondprior y¢or 12 months Combined net movemejtt ill filllds. inclu￿ in the above are as follows..
expended
1088
Ullre8trirted funds
Federation fund
162,017
(170.903)
1.791
(7.095)
TOTAL FUNDS
162,017
(170,903)
1.791
(7.095)
16.
RELATED PARTY DISCLOSURES
There were no r¢lat¢d paty transactions forthe year ended 31 October 2024.
Pa8e 16

Lll¥COLNSHIRE NORTH FEDERATION OF
WOMEN'S INSTrruTES
DETA]IED STATEl￿ENr OF Fll¥ANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2024
2024
2023
COME
Don#tlonJ and kgAcles
51MI
16,81J)
500
17,124
Subscriptio
17JOO
17.624
Other tr•dkng acdvldeg
Publications
Letbngs
7,433
8,917
1.010
1.112
469
11,039
Inve8tmettt income
4J75
564
Ch*ritable Acdvll
52145
4J83
35.733
4.432
3.390
Annual meetin8$
57228
43.555
Other income
Donations received on behA]f of a 3rdpAty
Donation$ T￿e1ved
1207
1.163
1430
Tot•1 In¢onthig resourcej
89,235
72,782
Other trading actlvfiilel
3,132
0,064
(1,780)
1298
6,016
(3.132)
Publications
Closing stock
7.416
4.182
Ch4rltsble 4¢tlvltleB
Wages
Ratrs, ligbt and h¢at
I6￿82
3J07
iJ94
1,759
5007
163
1.471
2J50
2,126
34,959
16209
1,866
1.882
1270
5.373
163
474
Telephone and postsge
Printing and stationery
Advertisiti¥
Sundries
Trn￿l
2269
32.150
This page does not fonnpart of the statutory financial statements
Page 17

IJNCOLYSHIRE NORTH FEDERATION OF
WOMENIS ThSThTUTES
DETAILED STATEME￿ OF FINANCIAL ACTIVITtES
FOR THE YEAR ENDED 31 ocfoBER 2024
2024
2023
Charltable a¢tlvilleb
Brought foTw8rd
Annual meelings
Cost of events
Donations coll￿ted on bebalf of a 3rd pgty
Amortisation of intsngibl¢ fixed assets
Depreciation of tangible fixed assets
Loss on sal¢ of tangible fixed assets
34,959
3,661
39,560
1267
304
2.919
32,150
7234
28,107
304
2.819
1,109
253
251
83,129
71,976
Other
Accountancy and le￿1 f¢es
2,140
92,685
78218
Net expendlture before gains and 105WJ
(3,450)
(5,436)
Re*]i5ed r￿gnts¢d 4nd lois
Reaiised ga￿￿￿oSseS) on fixed asset investments
811
980
Net expendlture
(2,639)
(4.456)
This page does not forn]part of the statutory financial st&t¢m¢llts
Page 18