**02775236** 

## **Registered Company Number:** 

**Registered Charity Number: 1019967** 

**The Oxfordshire County Federation of Women’s Institutes** 

**A Company Limited by Guarantee** 

**Report and Unaudited Accounts for the year ended 31st October 2021** 

**Wenn Townsend** 



Chartered Accountants
Oxford

## **The Oxfordshire County Federation of Women’s Institutes** 

**Board of Trustees:** Mrs M Bakewell Mrs H Dix (Vice Chairman) Mrs J Finnerty Mr G Gettings Mrs P Goddard (Chairman) Mrs S Griffey Ms J Kingdon (Vice Chairman) Mrs T Strain Mrs D Taylor Mrs V Wilson (Treasurer) **Secretary:** Mrs P Goddard **Registered office:** 5 Court Farm Barns Medcroft Road Tackley Kidlington Oxon OX5 3AL **Charity number:** 1019967 **Company registration number:** 02775236 **Accountants:** Wenn Townsend Chartered Accountants Oxford **Bankers:** The Cooperative Bank plc PO Box 250 Delf House Skelmersdale WN8 6WT 

1 



Solicitors:
Anderson
Dunning
Oxford

## **The Oxfordshire County Federation of Women’s Institutes** 

## **Report of the Board of Trustees for the year ended 31st October 2021** 

The Board of Trustees presents their report and the accounts for the year ended 31st October 2021. 

## **Reference and administrative information** 

These details are shown in page 1. 

## **Structure, Governance and Management** 

The  charity  has  adopted  Memorandum  and  Articles  in  place  of  a  trust  deed.   It is  a  private company limited by guarantee with each member guaranteeing £1. 

The members of the charitable company’s Board of Trustees during the year were as follows: 

Mrs M Bakewell Mrs C Blaxhall (Resigned 25th March 2021) Mrs C Denton (Resigned 25th March 2021) Mrs H Dix Mrs J Finnerty (Appointed 26th March 2021) Mrs G Gettings Mrs P Goddard (Chairman) Mrs S Griffey (Appointed 26th March 2021) Ms J Kingdon (Vice Chairman) Mrs T Lucy (Resigned 25th March 2021) Mrs T Strain Mrs D Taylor (Appointed 26th March 2021) Mrs V Wilson (Treasurer) 

Every two years the Trustees are nominated and voted onto the Board by WI members of the Federation. 

The Board of Trustees has assessed the major risks to which the charity is exposed and is satisfied that systems are in place to mitigate these risks. 

## **Objectives and Activities and Public Benefit** 

The  principal  activity  of  the  charitable  company  is  that  of  furthering  the  purpose  of  the  WI movement in Oxfordshire and elsewhere. 

The Oxfordshire County Federation of Women’s Institutes exists for the benefit of 132 WIs within Oxfordshire and is a member of the National Federation of Women’s Institutes.  It offers to these WIs a mixture of events fulfilling our educational brief. 

The Trustees, in exercising their powers and conducting their duties, have paid due regard to the guidance on public benefit published by the Charity Commission. They have satisfied themselves that their approach complies with this guidance. 

## **Achievements and Performance** 

With  the  regulations  introduced  by  HMRC  it  proved  impossible  to  follow  normal  practice  of meetings  and  outings.  We  quickly  adapted  to  the  restrictions  and  Zoom  meetings  were implemented for many of our members. Help and guidance were also offered to our WI’s. Most of us were complete novices, but it was refreshing to note how many WI’s were able to encompass this new medium. Planning for future events was still implemented, but sadly, as more restrictions became  necessary,  we  were  often  forced  to  cancel  scheduled  events.  The  aim  was  to  instill confidence  in  our  members  and  hopefully  encourage  them  to  join  in,  with  support  from  the Federation. This is an ongoing practice and we continue to offer a variety of events as far as is possible. 

3 



The first few of these zoom meetings were free, the Federation bearing the cost of the speakers but gradually progressed to a small attendance fee. This has proved very workable and the same medium was used for training events such as Treasurers’ and Secretaries’ workshops. 

4 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Report of the Board of Trustees (continued) for the year ended 31st October 2021** 

## **Achievements and Performance (continued)** 

Lack of income from our normal activities together with a minimum level of profit on the virtual events described above, has had an impact on our reserves, but we remain cautiously optimistic that 2022 will see a gradual  turnaround. We believe we have mitigated the loss of too many members in these difficult times with our efforts to be inclusive providing both printed and online newsletters and a diverse programme of online events. Also, our WIs have been contacted by our WI Advisers to talk through any difficulties they are experiencing. 

This extremely difficult year has had an impact on all organizations. We are confident that we have done our best to ensure our members are aware that they are truly valued. 

For details of forthcoming events please contact our office at Tackley or visit our website – www.oxfordshirewi.co.uk or Facebook www.facebook.com/oxfordshirefedwi. 

## **Financial Review** 

The total income raised during the year was £85,555 (2020: £117,261), expenditure was £94,709 (2020:  £126,095)  and  investment  gains/(losses)  were  £13,199  (2020:  (£7,211)),  giving  a  net surplus/(deficit) for the year of £4,045 (2020: (£16,045)) This has increased the reserves of the Charity to £471,812 at 31st October 2021. 

## **Reserves policy** 

The Board of Trustees reviews annually the amount of free reserves held by the Charity.  These should be adequate to cover working capital and a contingency for unforeseen costs. 

Proceeds from the sale of the property have been designated as a special reserve to generate income to support office provision. The interest is currently supporting rented accommodation and the fund retained to support future office provision whether by way of rent or purchase. 

The  committee  considers  that  the  current  level  of  free  reserves  (excluding  fixed  assets  and designated funds) of £25,337 to be adequate but not excessive. 

## **Investment policy** 

Funds are retained to generate income to support revenue expenditure. The larger percentage of invested  monies  is  placed  with  COIF  and  this  met  the  Trustees’  wish  to  avoid  risk  although foregoing possible capital appreciation. This policy is however being reviewed. 

The Charity currently holds a number of fixed rate deposits, including: 

 £75,000 for three years at 2.10%, maturing March 2022  £75,000 for five years at 2%, maturing June 2022 

The charity has £112,851 invested in the COIF property fund. 

## **Plans for future periods** 

The Board of Trustees is reviewing Oxfordshire WI’s operating strategy with a view to meeting the changing needs of modern members. 

## **Key Management Personnel Remuneration** 

The Trustees consider that the key management personnel of the charity comprises of the Board of Trustees as they are in charge of directing and controlling the charity and running and operating the  charity  on  a  day  to  day  basis.   All  Trustees  give  of  their  time  freely  and  no  Trustee remuneration was paid in the year.  Details of Trustee expenses and related party transactions are disclosed in note 17 to the accounts. 

Trustees are required to disclose all relevant interests and in accordance with the Trust’s policy withdraw from decisions where a conflict of interest arises. 

**Related parties** 

5 



In carrying out its activities the Oxfordshire County Federation of Women's Institutes (OFWI) follows policies laid down by the National Federation of Women's Institutes (NFWI) as do all other County Federations. OFWI collects affiliation fees on behalf of NFWI. 

6 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Report of the Board of Trustees (continued) for the year ended 31st October 2021** 

This report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006. 

## **On behalf of the Board of Trustees** 

## **Mrs P Goddard Chairman** 

## **16th February 2022** 

7 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Independent Examiner’s report to the Trustees of The Oxfordshire County Federation of Women’s Institutes** 

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st October 2021 which are set out on pages 6 to 15. 

## **Responsibilities and basis of report** 

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

I have  completed my examination.  I confirm that no matters have  come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 

4. the accounts 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 with 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 with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## **Mrs D Pluck BA FCA Chartered Accountant Oxford** 

16th February 2022 

8 



## **The Oxfordshire County Federation of Women’s Institutes Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31st October 2021** 

|||||||**Total**|||||**Total**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**NoteUnrestrictedDesignatedRestrictedEndowment**|||||<br>**2021 **|**UnrestrictedDesignated**||**Restricted**|**Endowment  2020**||
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**Income**||||||||||||
|_Donations and gifts_||5,002|-|2,077|-|7,079|3,605|-|4,308|-|7,913|
|_Income from charitable activities_||||||||||||
|Membership subscriptions||41,180|-|-|-|41,180|44,740|-|-|-|44,740|
|Sub-committee||24,248|-|4,644|-|28,892|44,425|-|1,585|-|46,010|
|_Income from other trading activities:_||||||||||||
|Sales||2,360|-|-|-|2,360|1,511|-|-|-|1,511|
|Sundry income||324|-|-|-|324|118|-|-|-|118|
|_Investment income_|**6**|5,717|-|3|-|5,720|9,203|-|9|-|9,212|
|_Government grant income_||-|-|-|-|-|7,757|-|-|-|7,757|
|||──────|──────|──────|──────|──────|───────|───────|───────|───────|──────|
|**Total income**||78,831|-|6,724|-|85,555|111,359|-|5,902|-|117,261|
|||──────|──────|──────|──────|──────|───────|───────|───────|───────|──────|
|**Expenditure**||||||||||||
|_Expenditure on charitable activities:_||||||||||||
|Sub-committee activities||18,627|-|-|-|18,627|44,574|-|-|-|44,574|
|Establishment||25,058|-|-|-|25,058|23,058|-|-|-|23,058|
|Project expenditure & bursaries||-|-|-|-|-|-|112|146|-|258|
|Support costs|**18**|49,318|-|-|-|49,318|51,611|-|-|-|51,611|
|_Expenditure on trading activities:_||||||||||||
|Goods for sale||1,706|-|-|-|1,706|2,192|-|-|-|2,192|
|_Irrecoverable VAT_||-|-|-|-|-|4,402|-|-|-|4,402|
|||──────|──────|──────|──────|──────|───────|───────|───────|───────|──────|
|**Total expenditure**||94,709|-|-|-|94,709|125,837|112|146|-|126,095|
|||──────|──────|──────|──────|──────|───────|───────|───────|───────|──────|
|**Net income/(expenditure) before**|**gains/(losses)**|||||||||||
|**on investments**||(15,878)|-|6,724|-|(9,154)|(14,478)|(112)|5,756|-|(8,834)|
|Unrealised losses on investment assets||-|13,199|-|-|13,199|-|(7,211)|-|-|(7,211)|
|||──────|──────|──────|──────|──────|──────|──────|──────|──────|──────|
|**Net income/(expenditure)**||(15,878)|13,199|6,724|-|4,045|(14,478)|(7,323)|5,756|-|(16,045)|
|Transfers between funds||635|(635)|-|-|-|1,527|(792)|(735)|-|-|
|||──────|──────|──────|──────|──────|──────|──────|──────|──────|──────|
|**Net movement in funds**||(15,243)|12,564|6,724|-|4,045|(12,951)|(8,115)|5,021|-|(16,045)|
|**Reconciliation of funds:**||||||||||||
|Total funds at 1st November 2020||44,094|395,405|25,455|2,813|467,767|57,045|403,520|20,434|2,813|483,812|
|||──────|──────|──────|──────|──────|───────|───────|───────|───────|──────|
|**Total funds at 31st October 2021**||28,851|407,969|32,179|2,813|471,812|44,094|395,405|25,455|2,813|467,767|
|||══════|══════|══════|══════|══════|═══════|═══════|═══════|═══════|══════|



9 



## **The Oxfordshire County Federation of Women’s Institutes Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31st October 2021 (continued)** 

||||||**Total**|||||**Total**|
|---|---|---|---|---|---|---|---|---|---|---|
||**UnrestrictedDesignatedRestrictedEndowment**||||**2021UnrestrictedDesignated**|||**Restricted**|**Endowment**||
|**2020**|||||||||||
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**_Represented by:_**|||||||||||
|Bank and cash|38,087|295,118|32,179|2,813|368,197|47,569|298,380|25,455|2,813|374,217|
|Stocks and debtors|37,158|-|-|-|37,158|14,968|-|-|-|14,968|
|Current liabilities|(49,908)|-|-|-|(49,608)|(22,588)|-|-|-|(22,588)|
|Fixed assets|3,514|112,851|-|-|116,365|4,145|97,025|-|-|101,170|
||──────|──────|──────|──────|──────|───────|───────|───────|───────|──────|
||28,851|407,969|32,179|2,813|472,112|44,094|395,405|25,455|2,813|467,767|
||══════|══════|══════|══════|══════|═══════|═══════|═══════|═══════|══════|



All income and expenditure derive from continuing activities. None of the Charitable Company's activities was acquired or discontinued during the above two financial periods.  The statement of financial activities includes all gains and losses recognised during the year. 

**The notes on pages 9 to 15 form an integral part of the financial statements.** 

10 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Balance Sheet 31st October 2021** 

|||**Note**||**2021**||
|---|---|---|---|---|---|
|**2020**||||||
|||**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|7||3,514||4,145|
|Investments|8||112,851||97,025|
|**Current assets**||||||
|Stocks|9|588||1,510||
|Debtors|10|36,570||13,458||
|Deposit funds||318,122||340,107||
|Cash at bank and in hand|11|50,075||34,110||
|||──────||──────||
|||405,355||389,185||
|**Creditors:**due within one year|12|(49,908)||(22,588)||
|||──────||──────||
|**Net current assets**|||355,447||366,597|
||||──────||──────|
|**Net assets**|||471,812||467,767|
||||══════||══════|
|**Represented by:**||||||
|Unrestricted funds|13||28,851||44,094|
|Designated funds|14||407,969||395,405|
|Restricted funds|15||32,179||25,455|
|Endowment fund|16||2,813||2,813|
||||──────||──────|
|**Total charity funds**|||471,812||467,767|
||||══════||══════|



For the year ending 31st October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

## **Trustees’ responsibilities:** 

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

The financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. 

The financial statements were approved by the trustees on 16th February 2022 and were signed on their behalf by: 

**……………………………………… Mrs P Goddard Chairman** 

11 



**Company number:  02775236** 

**The notes on pages 9 to 15 form an integral part of the financial statements.** 

12 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Notes to the Accounts for the year ended 31st October 2021** 

## **1 Accounting policies** 

## **Basis of accounting and assessment of going concern** 

The  financial  statements have  been prepared  under the historical  cost convention.   The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance  with  the  Financial  Reporting  Standard  applicable  in  the  UK  and  Republic  of Ireland (FRS 102) effective 1st October 2019, the Charities Act 2011,  the Financial Reporting Standard  applicable  in  the  United  Kingdom  and  Republic  of  Ireland  (FRS  102)  and  the Companies Act 2006. 

The charity constitutes a public benefit entity as defined by FRS 102. 

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 

## **Company status** 

The  charity  is  a  private  company  limited  by  guarantee,  incorporated  in  England.   The members of the company are the Trustees named on page 1.  In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 

## **Income** 

Income represents the amount derived from fees and the provision of goods and services falling within the company's activities in the UK. 

All income is included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

## **Interest receivable** 

Interest  on  funds  held  on  deposit  is  included  when  receivable  and  the  amount  can  be measured reliably by the charity. 

## **Expenditure** 

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. 

Governance costs are those incurred in connection with administration of the Charity as a legal entity and are not connected with generating income or charitable expenditure. Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to expenditure. 

## **Leases and hire purchase contracts** 

Rentals  applicable  to  operating  leases,  where  substantially  all  the  benefits  and  risks  of ownership remain with the lessor, are charged to the Statement of Financial Activities as incurred. 

## **Tangible fixed assets and depreciation** 

Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. 

Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows: 

Furniture and equipment 

25% reducing balance 

## **Investments** 

Investments are recognised  initially at fair value  which  is normally  the transaction  price 

13 



excluding transaction costs.  Subsequently, they are measured at fair value with changes recognised in ‘net gains/(losses) on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. 

## **Stock** 

Stock is valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal. 

14 



## **The Oxfordshire County Federation of Women’s Institutes Notes to the Accounts (continued) for the year ended 31st October 2021** 

## **1 Accounting policies (continued)** 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value **.** 

## **Debtors and creditors receivable/payable within one year** 

Debtors and creditors with 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. 

## **Taxation** 

The charity is registered for Value Added Tax, and is recoverable against the activity for which the expenditure is incurred. 

## **Fund accounting** 

## i) Unrestricted funds 

These funds are to be used at the discretion of the Board of Trustees in furtherance of the WI movement. 

## ii) Designated funds 

The Property Fund is designated to support future office provision whether by way of rent or purchase. 

The  Celebration  Fund  originates  from  the  successful  claim  of  previous  VAT  liabilities following a new ruling by H M Revenue & Customs on the taxation of subscriptions.  It was used  to  give  every  Oxfordshire  member  the  opportunity  to  participate  in  centenary celebrations. 

The Special Support Fund originates from amounts received from suspended WIs which have been held for a period of three years as restricted funds. It will be used to assist WIs financially. 

iii) Restricted funds 

These  funds  represent  Bursaries  funded  by  investment  income  or  specific  donations, suspended WI accounts which are restricted for three years and funds donated for specific projects. 

## iv) Endowment fund 

This fund originates from the establishment of the Agnes Salter Memorial Bursary. 

## **Pensions** 

The  WI  contributes  to  personal  defined  contribution  pension  scheme  on  behalf  of  its employees. The employer’s contributions are charged against the income and expenditure account in the year in which they are made. 

## **Volunteer time** 

A significant contribution is made by members serving on various committees.  The value of these donated services is not reflected in the accounts. 

## **2 Turnover** 

In the opinion of the Board of Trustees, none of the income of the Charitable Company is attributable to countries outside the UK (2020: £Nil). 

## **3 Net income/(expenditure)** 

The deficit is stated after charging: 

**2021** 

**2020** 

15 



Depreciation (owned assets) 1,382 Independent examiner’s fee 4,810 Operating lease rentals and after crediting: Investment income (note 6) 9,212 

**£ £** 1,172 5,000 19,550 18,350 ══════ ══════ 5,720 

16 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Notes to the Accounts (continued) for the year ended 31st October 2021** 

## **4 Employees** 

|**Employees**<br>Salaries<br>Pension contributions<br>Number of employees|**2021**<br>**£**<br>28,425<br>264<br>_______<br>28,689<br>═════<br>2|**2020**<br>**£**<br>41,940<br>568|
|---|---|---|
|||_______<br>42,508<br>═════<br>3|



No employees received remuneration of more than £60,000 during the year (2020: none). 

## **5 Board of Trustees and key management personnel remuneration and expenses.** 

The  current board  of Trustees (who  are  also  considered  to be  the  key management personnel) neither received nor waived any remuneration during the year (2020: £Nil). 

Expenses paid to the members are disclosed in note 17. 

## **6 Investment income** 

|**vestment income**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Interest receivable|3,093|4,057|
|Dividends receivable|2,627|5,155|
||─────|─────|
||5,720|9,212|
||═════|═════|



## **7 Tangible fixed assets** 

|**angible fxed assets**||
|---|---|
||**Fixtures and**|
||**fttings**|
||**£**|
|**Cost or valuation:**||
|At 1st November 2020|44,439|
|Additions|541|
||─────|
|At 31st October 2021|44,980|
||═════|
|**Depreciation:**||
|At 1st November 2020|40,294|
|Charged|1,172|
||──────|
|At 31st October 2021|41,466|
||══════|



## **Net book value:** 

17 



At 31st October 2021 At 1st November 2020 

3,514 ══════ 4,145 ══════ 

18 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Notes to the Accounts (continued) for the year ended 31st October 2021** 

|**8**|**Fixed asset investments**|||
|---|---|---|---|
|||**2021**|**2020**|
|||**£**|**£**|
||Quoted Investments:|||
||Market value at 1st November 2020|97,025|99,081|
||Add: Acquisitions at cost|2,627|5,155|
||Less: Gain/(loss) on revaluation|13,199|(7,211)|
|||──────|──────|
||Market value at 31st October 2021|112,851|97,025|
|||══════|══════|
|**9**|**Stocks**|||
||Goods for resale|588|1,049|
||Ofce stationery|-|461|
|||──────|──────|
|||588|1,510|
|||══════|══════|
|**10**|**Debtors:**amounts falling due within one year|||
||VAT recoverable|2,154|-|
||Debtors|2,376|122|
||Prepayments|32,040|12,451|
||Accrued income|-|885|
|||──────|──────|
|||36,570|13,458|
|||══════|══════|
|**11**|**Cash at bank and in hand**|||
||Bank deposit accounts|17,258|15,436|
||Suspended WIs deposit|4,653|3,143|
||Bank current accounts|27,583|13,996|
||Cash and travel foat|581|1,535|
|||──────|──────|
|||50,075|34,110|
|||══════|══════|
|**12**|**Creditors:**amounts falling due within one year|||
||Trade creditors|8,660|2,634|
||Accruals and deferred income|41,097|16,834|
||Taxes and social security|151|611|
||Other creditors|-|-|
||VAT liability|-|2,509|
|||──────|──────|
|||49,908|22,588|
|||══════|══════|



Deferred income comprises event income received in advance which relates to future accounting periods. 

19 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Notes to the Accounts (continued) for the year ended 31st October 2021** 

|**13**|**Unrestricted funds**|||||
|---|---|---|---|---|---|
|||||**2021**|**2020**|
|||||**£**|**£**|
||Balance at 1st November 2020|||44,094|57,045|
||Income|||78,831|111,359|
||Expenditure|||(94,709)|(125,837)|
||Transfers|||635|1,527|
|||||──────|──────|
||Balance at 31st October 2021|||28,851|44,094|
|||||══════|══════|
|**14**|**Designated funds**|||||
||**2021**|**PropertyCelebration**||**Special**|**Total**|
|||**Fund**|**Fund**|**Support**|**2021**|
||Balance at 1st November 2020||394,770|-|635|
||395,405|||||
||Income|-|-|-|-|
||Expenditure|13,199|-|-|13,199|
||Transfer|-|-|(635)|(635)|
|||──────|──────|──────|──────|
||Balance at 31st October 2021|407,969|-|-|407,969|
|||══════|══════|══════|══════|
||**2020**|**PropertyCelebration**||**Special**|**Total**|
|||**Fund**|**Fund**|**Support**|**2020**|
||Balance at 1st November 2019|401,981|1,539|-|403,520|
||Income|-|-|-|-|
||Expenditure|-|(12)|(100)|(112)|
||Unrealised loss on investment assets|(7,211)|-|-|(7,211)|
||Transfers|-|(1,527)|735|(792)|
|||──────|──────|──────|──────|
||Balance at 31st October 2020|394,770|-|635|395,405|
|||══════|══════|══════|══════|



20 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Notes to the Accounts (continued) for the year ended 31st October 2021** 

## **15 Restricted funds** 

|**Restricted funds**||
|---|---|
|**2021**<br>Balance at 1st November 2020<br>Donations<br>Income from WIs<br>Investment income<br>Bursaries awarded<br>Project expenditure<br>Transfers<br>Balance at 31st October 2021<br>**2020**<br>Balance at 1st November 2019<br>Donations<br>Income from WIs<br>Investment income<br>Bursaries awarded<br>Project expenditure<br>Transfers<br>Balance at 31st October 2020|**NFWI**<br>**Bursary**<br>**Suspended**<br>**AM**<br>**Red Box**<br>**Total**<br>**Funds**<br>**WIs**<br>**Fund**<br>**Appeal**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>20,911<br>3,136<br>1,408<br>-<br>25,455<br>2,077<br>-<br>-<br>-<br>2,077<br>-<br>4,644<br>-<br>-<br>4,644<br>-<br>3<br>-<br>-<br>3<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>22,988<br>7,783<br>1,408<br>-<br>32,179|
||**NFWI**<br>**Bursary**<br>**Suspended**<br>**AM**<br>**Red Box**<br>**Total**<br>**Funds**<br>**WIs**<br>**Fund**<br>**Appeal**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>17,903<br>2,277<br>108<br>146<br>20,434<br>3,008<br>-<br>1,300<br>-<br>4,308<br>-<br>1,585<br>-<br>-<br>1,585<br>-<br>9<br>-<br>-<br>9<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(146)<br>(146)<br>-<br>(735)<br>-<br>-<br>(735)<br>20,911<br>3,136<br>1,408<br>-<br>25,455|



21 



Amounts received from suspended WIs are restricted for a period of three years. 

22 



## **The Oxfordshire County Federation of Women’s Institutes** 

## **Notes to the Accounts (continued) for the year ended 31st October 2021** 

|**16**|**Endowment fund**|||
|---|---|---|---|
|||**2021**|**2020**|
|||**£**|**£**|
||As at 31st October 2020 and|||
||at 31st October 2021|2,813|2,813|
|||══════|══════|



## **17 Related parties** 

In  2021,  the  Oxfordshire  County  Federation  of  Women's  Institutes  (OFWI)  collected affiliation  fees  on  behalf  of  the  National  Federation  of  Women's  Institutes  (NFWI) amounting to £41,180 (2020: £44,740). 

In carrying out its activities the OFWI follows policies laid down by the NFWI as do all other County Federations. 

10  (2020:  13) Trustees  were  reimbursed  for  travel  and  other  expenses  incurred  on Federation business in the year amounting to £2,213 (2020: £2,664). 

## **18 Support costs** 

|**Support costs**||||
|---|---|---|---|
||**2021**||**2020**|
||**£**||**£**|
|Employment costs (note 4)|28,689||42,508|
|Redundancy and recruitment|8,495||-|
|Administration costs|4,729||3,347|
|Training|550||787|
|Legal and consultancy costs|1,752||146|
|Governance costs|5,103||4,823|
||──────||──────|
||49,318||51,611|
||══════||══════|
|**Governance costs**|**2021**||**2020**|
||**£**||**£**|
|Accountant’s remuneration||5,090||
|4,810||||
|Annual fling fee|13||13|
||──────||──────|
||5,103||4,823|
||══════||══════|



## **19 Operating lease commitments** 

At 31st October 2021 the charity was committed to make the following payments during the next year in respect of operating leases. 

||**Land and buildings**|**Land and buildings**|
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Within one year|19,550|19,550|
|2 – 5 years|78,200|78,200|
|More than 5 years|115,670|135,220|
||══════|═══════|



23 



The total amount of financial commitments not included in the balance sheet is £213,420 (a fifteen-year lease was signed on 12th September 2017). 

24