FOR THE PERIOD EIWED 31ST OCTOBER 2025 ST JOHTrI'S HOUSE 5 SOUTH PARADE SUMMERTOWN
FOR THE PEIUOD ENDED 31- OCTOBER 2025 Legal and Administrative Information Trustees, Annual Report 2-3 Ststement of Trustees. Respnsibilitie5 3A Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes lo the Financiat Statements 7-13
FOR THE PERIOD ENDED 31- OCTOBER 2025 Mrs M Bak¢well Mrs C Blaxhall Mrs H Dix (TasUrer) Mrs L Mustill (Vice Chair) Mrs K Shortland Mrs T Strain (Chair) Mrs V Wilson D Black S Griffey A Jenner (appoinfrd 191h March 2025) Se¢retsry: Mrs H Dix 1019967 02775236 5 CourtFarm Barns Medcroft Road Tackley Kidlington Oxon OX5 3AL Mrs H C Fanthome FCA King Loose & Co 5 South Parad¢ Oxford OX2 7JL The Co-operative Bank plc PO Box 250 Delf House Skelmersdal¢ WN8 6WT Blakc Morgan LLP, Oxford
The Board of Trustees presents their report and the accounts for the year cnded 3 1st October 2025. Reference and administrative information These details are shown in page l. Structure, Governance and Managemen¢ Tlie charity has adopted Memorandum and Articles in place of a trust d¢ed. It is a private company limited by guarantee with each member guaranteeing £1. Th¢ members of the charitable Company's Board of Trustees during the year were as follows.. Mrs M Bakewell Mr5 C Blaxhall (Vice Chair) Mrs H Dix (Tr¢asurer) A Jcnner (appointed 19 March 2025) Mrs V Wilson Mrs T Allen (appointed 19 March 2025) Every two years the Trustees are nominated and voted onto the Board by WI members of the Federation. Mrs L Muslill Mrs K Shortland Mr5 T Strain (Chair) D Black S Griffey Th¢ Board of Tru5tces has assessed the major risks to which th¢ charity is exposed and is satisfied that systeins ar¢ 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 Wl movement in Oxfordsliirc and elsewhere. Oxfordshire Federation of Women's Institutes (OFWI) exists for the benefit of116 Wls within Oxfordsliire and is a m¢mber of the National Federation of Women's Institutes (NFWI). It offers these Wls a mixture of events fulfilling our educational brief. Th¢ Trustees, in exercising their powers and conducting their duties, have paid due regard to the guidance on public benefit published by the Charity Commission. Th¢y have satisfied themselves that their approach complies with this guidance. Achi¢vements and Performance This has been a very p051tive year for OFWI. The change to the Constitution was agreed by all members at a general meeting in July 2025. An application for Dentnan Grant Funding was agreed in September 2025 and having received th¢ full financial award from the Schemc, this has allowed us to deliver 15 in-pcrson worksliops over the next 18 months which will d¢velop sewing skills, creativity. and social impa¢t. This has also giv¢n us the opportunity to work with Reduce the Risk Charity. Our day trips and workshops continu¢d to be w¢ll supported, and we have also run two very successful holidays. Training workshops are offered to all Wls to support officer roles. All members ar¢ encouraged to attend the raft of free educational courses provided by th¢ t£arning Hub. Once again, we hcld our Annual Meeting at Worton Hall which saw an increase in attendees. Memb¢rs enjoyed the atmosphere and tli¢ variety of speakers. We were once again sponsored by The Order of St John Care Trust. Several Wls have celcbraled their cenlenaries. and this has been a proud moment for th¢ir members. For details of forthcoming events please contsct our office at Tackley or visit our website- www.oxfordshircwi.co.uk or Facebook www.facebook.com/oxfordshirefedwi.
Financial Review The total income raised during the year was £189.257 (2024: £193.310), expenditure was £178,035 (2024.. 164,477) and investment gains wer¢ £3,961 (2024 loss.. £3,868), giving a net surplus forth¢ year of £15.183 (2024.. surplus for the year of £24,965) This has increased the reserves of the Charity lo £478,358 at 3 1st October 2025. Reserves policy The Board of Trustees reviews annually the amountof free reserves held by the Charity. These should be adcquate to cover working capital and a contingency for unforeseen costs. Proceeds from the sale ofthe propety have been design&ted as a special r¢serve to 8enerate incometo 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 thc current level of free reserves (excluding fixed assets and designated funds) of £78,657 to be adequate but not excessive. Investment policy Funds are retained to generate income to support rcv¢nue cxpenditure. The greater p¢rcentsge of invested monie5 is placed with COIF and Ihis metthe Trustees, wish to avoid risk although foregoing possible capital appreciation. This policy is however being reviewed. The charity has £170.054 invested in the COIF property fund. Plans for future periods The Board ofTrustces is revi¢wing Oxfordshire Wl's operating strategy with a viewto meetingthe clianging needs of modern members. Key Manggcment Personnel RemuDeration The I'ntstees considerthat the key manageinent personnel of the charity comprise the Board of Trustees as tliey are in charge of directing and controlling the charity and running and opcrating the charity on a day to day basis. All Trust¢es give of their time freely and no Trustee remuneraiion was paid in the year. D¢tails of Trustee expenses and related party traiisactions are disclosed in note 17 to the accounts. Trustees are required to disclose all i'elevant intcr¢sts, and in accordance with the charity's poli¢y, withdraw from decisions where a conflict of int¢r¢st arises. Related pArtie3 In ¢arrying out its activities Oxfordshire Federation of Women's Institutes (OFWI) follows policies laid down by the National Federation ofwomcn's Institut¢s (NFWI). as do all oth¢r County Federations. OFWI collects, and passes over. affiliation fees on behalf of NFWI. This report has been prepared having tak¢n advantage ofthe small companies, exemption in the Companies Act 2006. Ou behalf of the Board of Trustees Mrs Tstrain Chair
FOR THE PERIOD ENDED 31ST OCTOBER 2025 The Truslees are required by law to prepare financial statements for each financial period which give a true and fairview ofthe state of affairs of the Charity, and of its results for that period. In preparing thos¢ financial statem¢nts, thc'frustees are required to= Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the applicable Charities SORP. Make judgements and estimates that are rcasonable and prudent. State whether applicable accounting stsndards have been followed. subjc¢t to any material departures disclos¢d and explained in the financial statcm¢nts' Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue tn business. The trusfres are responsible for keeping proper accounting records which disclos¢ with rcasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the financial stat¢inents comply with the Companies Act 2006. the Charitics Act 2011 and thc applicable Charities SORP. They are also responsiblc for safeguardingthe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trUSt¢¢s are responsible for the maintenance and integrity of the charity and financial inforn]ation included on the Charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial siatcmenls. By Order of the Board of Dlreetora and Truste Mrs T Strain Chair
I report to the charity trustees on Iny exainination of the accounts of the incorporated charity for the year ended 31 st October 2025 which ar¢ set out on pages 5 to 13. Responsibilities and basis of report As the trustees of the charity (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 ('th¢ 2006 Act')- Having satisfied myself that the accounts of the cotnpany are not required to be audited under Part 16 of the 2006 Act aiid are eligible for independent examination. I repoi* in respcct of my examination of your company's accounts as ¢arried out under se¢tion 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. l ¢onfirm that no matters have come to my attention in conne¢tion with the examination giving me c&use to bclieve that in any material respect.. 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 accouiits do not comply wit]i th¢ accounting requirements of section 396 of the 2006 Act other thali any requirement that the accounts give a 'true and fair vi¢w' which is not a matter considered as part of an independent exwnination,. or 4. the accounts havc not been prepared in a¢cordance with the method5 and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities prcparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102). I have no conccrns and have come across no other Inatters in connection with the examination lo which attention thould be drawn in this report in order to enable a proper understanding of the accounts to be rca¢h¢d. King Loose & Co St John?s House 5 South Parade Summertown Oxford OX2 7JL H.C. Fanthome FCA Dated
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BALANCE SHEET AS AT 31ST OCTOBER 2025 COMPANY NO: 0277523 Note 2025 2024 FiAed assets Tangible assets Investments 3,980 120,690 3.521 110,486 Current assets Stocks Debtor5 Deposit funds Cash at bank and in hand 482 22,916 275.082 75,142 1,267 30.518 262,853 81,682 io 373,622 376,320 Creditors: due within one year 12 (25,227) (27,152) Net current assets 348,395 349,168 Net assets 473,065 463.175 Represented by: Unrestricted fund5 Designatcd funds Restricted fi]nds Endowment fund 13 14 15 16 47,517 392.908 35,120 2,813 45,563 388,947 25,852 2,813 Total Charity funds 478,358 463.175 For the year ¢nding 31 st O¢tober 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustces, responsibilitics: Tlie meinber5 liavc not requir¢d the company to obtain an audit of its accounts for th¢ year in question in accordan¢e with section 476,. The Iruslees acknowledge their responsibilities for ¢omplying with the requirements of the Act with respect to accounting records and thc preparation of accounts. The financial statements have been prepared in accordance with the special provisions of part IS of the Companics Act 2006 relating to small companies. The financial statements were approved by the trust¢es on Mrs T Straln Chairman The noies on pages 7 to 13form an inlegralparl ofikefitiancialslalements.
5T NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 OCTOBER 2025 Accounting polieies Basis of accounting and assessment of going concern The financial statements have b¢en prepared under the historical cost Convention other than inves1ments which are carried at fair value. Thc financial statements have been prepared in accordance witli thc Statement of Recommended Practic¢: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective I st October 2019, the Charities Act 2011, the Financial Reporting Standard applicable in the United Kingdoin and Republic of Ireland (FRS 102) and th¢ Companies Act 2006. The charity Constitutes a publi¢ benefit cntity as defined by FRS IO2. Th¢ trustees ¢onsider that there arc no material uncertainties about the charitable company's ability to continue as a going conc¢rn. Company status The charity is a private company limited by guarantee, incorporated in England. The members of the coinpany are the Trustces named on page l. In the ev¢nt 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 th¢ provision of goods and servi¢¢s falling within the charitable ¢ompany's activities in the UK. All income is included in the Statement Of Financial Activities when the charitable company is legally entitled to the income and the amount can be quantified with rcasonable accuracy. Invcstmenl income Interest on funds held on deposit is included when receivable and the amount can be measured reliably by th¢ charity. Dividend income from quoted investments is included when r¢c¢iv¢d. Expenditure All expenditure is account¢d for on an accruals basis and has been classified under heading5 that aggregate all costs related to the category. Where cost5 cannot be directly attributed to particular headiiigs they have been allocatcd to activities on a basis ¢onsistent with use of the resourccs. Governanc¢ costs are those incurred in connection with administration of th¢ Charity as a legal entity and are not connected with generating income or charitable cxpenditurc. Liabilities are recognised as resources expended as soon as ther¢ is a legal or conslructive obligation committing the charity to the ¢xpenditur¢. Leases and hire purchase contracts R¢ntals applicable to operating leases, where substantially all the benefits and risks of ownership remain with the lessor, arc charged to the Statement of Financial Activities as incurred. Tangible fixed assets and dcpreciation 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 250/0 reducing balance
ST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 OCTOBER 2025 Investments Investments are rOsn1SCd initially at fair valu¢ which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains/(losses) on investments, in the SOFA if the shar¢s are publicly traded or their fair value can otherwise be measured r¢liably. Other iiiv¢stments 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 r¢alisable value is based on estimated selling price le5S the estimated cost of disiM)sal. Cash and cgsh equivalents Cash and cash equivalents comprise cash on hand and other short-temi highly liquid investments that are readily wnvertible to a known amount of cash and are subject to an insignificant risk of change in value. Debtors and creditor5 re¢eivable/payable within one year Dcbiors and creditors with no stated iiiterest ratc and reccivable or pay&ble within one year are recorded at transaction pri¢¢. Any losses arising from impainnent ar¢ recognised in expenditure. Taxation The cliarity is regi5t¢red for Value Added Tax, and this is recoverable against the activity for which the expenditure is incurred. Fund accounting i) Unrestricted funds These funds arc to be used at the diretIOn of the Board of Trustee5 in furtherance of the Wl movement. ii) Desi nated funds The Property Fund is designated to suppjrt future offi¢¢ provision whether by way of rent or purcljase. iii) Restricted These funds represcnt Bursaries funded by investment incoin¢ or spccific donalions, suspended Wl accounts which ar¢ restricted for three years and funds donat¢d for specific projects. The Special Support Fund originates from amounts received from suspended Wls which have b¢¢n held for a period of three years as re51ri¢ted funds after which time they are transferred to unrestricted funds. It will be used to assist Wls financially. iv) Endowment fund This fund originate5 from the establishment of the Agnes Salter Memorial Bursary. Pensions Thc Wl contributes to personal d¢fiDed contribution pension scheme on behaifof it5 ¢rnployees. Th¢ employer's contributions are charged against the income and expenditure aOunt in the year in which they 'e madc. VoluDteer time A significant contribution is made by members serving on various wmmittees. The value of th¢5e donatcd services is not reflected in tlie account5.
ST NOTKS TO THE ACCOUNTS FOR THE YEAR TO 31 OCTOBER 2025 Turnover In the opinion of the Board of Trustees, none of the income of th¢ charitable company is attributabl¢ to countrie5 outside the UK (2024.. £Nil). Nct ineomelexpenditure Net incomelexpenditure is stated after charging.. 21)25 2024 Depreciation (owned assets) Operating lease rentals Ind¢pendent examiner's fee 1.327 19,550 2,400 19.550 2,195 and after crediting: Investment income (note 6) 19.019 19,674 Employees 2025 2024 Employecs Salaries and National Insurance Pension contributions 41.635 1,848 40,230 707 43,483 40.937 Number of employees No employees rcceived remuneration of more than £60.000 during the y¢ar {2024'. none)- Board oCTrus¢e¢s and key management personnel remuneration and expenses. Th¢ current board of Trustees (who are a150 considered to b¢ the kcy management personnel) neither rec¢iv¢d nor waived any remuncration during the year (2024- £Nil). Expens¢s paid to th¢ members are disclosed in note 17. Investment income 2025 2024 Interest r¢c¢ivable Dividends receivable 12,776 6,243 13,824 5,850 19,019 19,674
io. NOTES TO THE ACCOUIYTS FOR THE YEAR TO 31V OCTOBER 2025 Fixtures 2nd rittings Tangible fixed assets Cost or valuation: At I st November 2024 Additions 47.699 1,786 At 3 1st October 2025 49.485 Depreciation: At I st November 2024 Chargcd 44,178 1.327 At 3 1st October 2025 45,505 Ne¢ book value: At 31 st October 2025 3,980 At 1st November 2024 3,521 Fixed #sset investments 2025 2024 Quoted Investments: Mark¢t value at I st November 2024 Add- Acquisitions at cost Add= gainl(loss) on revaluation 110.486 6,243 3,961 108,504 5,850 (3.868) Market value at 31 st October 2025 120,690 110,486 Stock5 Goods for resale Office stationery 131 351 131 1,136 482 1,267 10 Debtors: amounts falling due within one year VAT re¢overable Debtors Prepayments and accrued income 1,646 2.335 18,935 807 8,111 21.600 22.916 30,518 11 Cash at bankand in hand Bank deposit accounts Suspended Wls deposit Bank current a¢counts Cash and travel float 71,119 4,986 4.027 303 70,256 4,920 5,310 1.196 80.435 81,682
ii. ST NOTES TO THE Accouf4TS FOR THE YEAR TO 31 OCTOBER 2025 12 Creditors: amounts falling due within one year 2025 2024 Trade credilors Accruals and deferred income Taxes and social security Other creditors 1,270 21,826 593 1,538 3.055 23,643 278 176 25.227 27,152 Deferred income comprises event income recciv¢d in advance which relates to future accounting periods. 13 Unrestricted funds Balanc¢ at 1st November 2024 Income ExpendIre Transfers 45.563 19.905 177,792 188.113 (175.838) (164,751) 2,296 Balancc at 3 1st October 2025 47,517 45.563 14 Designated funds 2025 Property Fund Total 2025 Balance at Isi November 2024 Income Expenditure Unrealised gains on investments Transfer 388,947 388,947 3,961 3.961 Balance at 31 st October 2025 392,908 392,908 2024 Property Fund Total 2024 Balance at 1st November 2023 Income Expenditure Unrealised (losses) on investments Transfer 392,815 392.815 (3,868) (3,868) Balan¢e at 3 1st O¢tober 2024 388.947 388,947
13. NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST OCTOBER 2025 16 Endowment fund 2025 2024 As at 31 st October 2024 and at 3 1st October 2025 2,813 2,813 17 Relgted parties and Trustee Expenses Ln 2025, the Oxfordshire Federation of Women's Institutes (OFWI) collected affiliation fees on behalf of the National Federation of Women's Institutes (NFWI) amounting to £51,646 (2024: £50,460). In carrying out its activities the OFWI follows policies laid down by the NFWI as do all other County Fedcrations. 10 (2024.. 9) Trustees wcre reimbursed for travel and other expenses incurred on Federation business in the year amounting to £1,522 (2024: £1,936). 18 Support costs 2025 2024 Etnployment costs (note 4) Administration costs Legal and consultancy costs Governance costs (below) Sundry expenses 43,608 10,258 2,000 2,434 431 40.937 2,297 3.100 2.208 725 58,731 49,267 Governance Costs 2025 2024 Independent examiner's fee Annual filing fee 2,400 34 2,195 13 2,434 2,208 19 Operating lease commitments At 315t Octobcr 2025 the charity was committed to make the following payments in respect of operating leases. Land and buildiny 2025 2024 Within one year 2-5years More than 5 years 19.550 78,200 39,100 19,550 78,200 58,650 The total amount of financial commitmcnts not included in the balance she¢t is £134.850 (a fifteen-year lease wa5 Si8ned on 12th September 2017).