REGISTERED COMPANY NUMBER: 02821499 (England and Wales) REGISTERED CHARITY NUMBER: 1022293
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2025
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 20 |
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activity of the company during the period has been the furtherance of the purposes of the Women's Institute movement in the area formerly known as Avon, now Bristol, Bath and North East Somerset, South Gloucestershire and North Somerset. The activities organised by the charity are consistent with upholding the objects of the Women's Institute charity of which the main purpose is to enable women who are associated with rural life, including arts, craft and sciences, to improve and develop conditions of rural life, to advance their education in citizenship, in public questions both national and international, in music and drama.
Significant activities
The charity's objects during this period have been to maintain the frequency, quality and a variety of educational and other events. It is hoped the endeavours of the Federation will encourage members to re-join again in April 2025 and to partake in the activities offered.
Public benefit
The trustees have had regard to the Charity Commission's public benefit guidance when carrying out activities to which it is relevant.
Page 1
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENT AND PERFORMANCE Charitable activities
Membership
Membership has disappointingly declined during 2024/2025 to 3579 as at 31st March 2025 a decrease of 5%. WI's have also reduced to 90, mainly due to a lack of Officers. It is hoped that some of the members from WI's that suspended at the end of March will join new WI's.
Activities
This year the federation has run many successful events. Unfortunately, a few had to be cancelled due to lack of applicants.
A range of events have been organised: sport and leisure, the arts, crafting, the environment and public affairs. Meet the Trustees events were organised in different parts of the federation to enable members to chat to the Board members and have any queries answered.
The Annual Quiz was well attended and appeared to be much enjoyed. The skittles tournament was contested.
Many varied speakers and demonstrators were provided for members: Afternoon tea was provided with demonstrations from a flower arranger and a textile designer. A large meeting in Portishead was entertained by talks on the history of hand-spinning and the Land Army. There was a beautiful array of textiles produced by a textile artist. Music for a Summer Evening included a shanty group and Fingers and Frets orchestra.
A visit was arranged to Organic Blooms, an organic cut flower farm. A tour of the flowers was followed by a talk and demonstration of a hand tied bouquet. A trip to Jane Austen's house at Chawton and a guided tour of Winchester Cathedral was well supported. The federation holidays to Sussex and the Picos Mountains were very popular.
The Board of Trustees organised a Summer lunch with an informative talk about Tyntesfield House, a large Victorian House and grounds owned by the National Trust. At the Annual Meeting, delegates were educated about going to the space station by Jo Richardson from the Space Detectives and Sally Mills talked about her time working in the Seychelles on conservation on a small island.
The History talks were well attended with three very different subject: Kate Groves gave a moving account of the formation of the Commonwealth war graves, Jane Duffus enlightened us about Women who made Bristol and Eugene Byrne talked about Bristol and the Spanish flu epidemic of 1918 to 1919.
The year ended with a Carol Service at Parish Church of St John the Evangelist in Clevedon, The federation choir sang beautifully, and members joined in singing other carols. A donation was given to the RNLI, Clevedon from the collection.
FINANCIAL REVIEW
Financial position
Our financial policy is to deliver a small surplus year on year in order that the Federation can continue to meet its aims and objectives for the coming years.
Income for the year was £93,209 (2024- £89,546). An increase of 4.10%.
Expenditure for the year was £87,221 (2024 - £89,019) a reduction of 2%.
The surplus for the year exceeded budgeted expectations due to increased Holiday Commission/Investment Income. It should be noted Event Income has declined. Additionally, the Federation has contained administrative costs with small savings across the board.
Page 2
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Reserves policy
The Federation maintains a level of unrestricted funds for the following reasons:
-
WI House is an old building, built in 1840 and therefore could require major repairs, which would not be covered by insurance.
-
The current premises are 'not fit for purpose'. However, as funds have been reduced due to Covid it is not possible to currently undertake the major alterations required.
Ongoing repairs are being undertaken to maintain the premises and alternatives are being explored, but reduced funds remain the main obstacle.
-
- The level of reserves is maintained by an Annual Budget, which ensures that the income from events organised by the Federation is able to balance the running costs of the office, such as staff salaries, house maintenance, utilities and insurance of the property. The trustees aim to maintain sufficient unrestricted funds (free reserves) to cover 24 months' administrative costs which were approximately £57,000 for the year under review, which are currently in line with free reserves held.
-
- Free reserves have been maintained this year, and the trustees are working hard to ensure that this continues for 2025/2026. The main driver is membership and the appetite of members to attend a wide variety of events offered by the Federation. This continues to be an uphill struggle.
Free reserves, being general funds less tangible fixed assets, stood at £152,470 at 31 March 2025 (31 March 2024 £146,380).
Investment Policy
Reserve funds are maintained in various deposit accounts with Lloyds and HSBC. Additional investments are held as term deposits with United Trust Bank and Redwood Bank. Charity Bonds are also held with M&G, Schroders and Black Rock. Whilst these mix of investments meets the Board's investment strategy of a low-risk policy a review is currently being undertaken with a Financial Adviser.
FUTURE PLANS
The Federation continues to face challenging times with little interest from its members to undertake roles as trustees, Team Members and WIA's, all of which are essential to the running of the Federation. This means the running of the Federation and its events programme and WI support are being stretched to its limit with several members wearing multiple hats.
Whilst the Federation continually strives to produce a full and varied programme of events the reluctance of members to engage means the way in which Avon moves forward is proving difficult. An injection of new blood onto the various teams is vital to the future of the Federation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document which sets out its constitution and rules (the Rule Book), a deed of trust and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Constitution is currently under review by NFWI.
Recruitment, appointment, induction and training of new trustees
Trustees are nominated by the members. If there are more than 12 nominations, then an election is held. Trustees currently serve for a 2-year term. Trustees can also be co-opted by the Board and will serve until the end of the period. As at 31st March 2025 the Board consisted of 8 trustees. The next election is due in September 2026.
Page 3
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The Board of Trustees may exercise all the powers of The Avon County Federation of Women's Institutes.
The Federation's activities are organised through the Events Teams and Board of Trustees.
The Board of Trustees meets eleven times a year (a mixture of Zoom and in person). The Officers also hold ad hoc meeting as required. It makes all policy decisions and receives reports from the teams, which hold responsibility for specific areas of activity, which need to be approved.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02821499 (England and Wales)
Registered Charity number
1022293
Registered office
WI House 11 Station Road Keynsham Bristol BS31 2BH
Trustees
Mrs L Tarr Joint Chair Mrs J Massey Joint Chair Mrs M Hulance Treasurer Mrs S Murphy Vice Chair Mrs A C Brodribb (resigned 25/9/24) Mrs M Berryman Mrs A Glass (resigned 25/9/24) Mrs V Packham (resigned (25/9/24) Mrs J Pownall Mrs A Sellers (resigned 25/9/24) Mrs R Smith (appointed 26/9/24) Mrs Debbie Millar (appointed 6/11/24)
Company Secretary
Mrs S Birch
Independent Examiner
Gravita Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL
Page 4
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
FUNDS HELD AS CUSTODIAN FOR OTHERS
As at 31 March funds of £6,468 (2024 - £7,181) were held on behalf of groups which do not have their own accounts and suspended WI's. This figure has been excluded from the accounts in accordance with the Statement of Recommended Practice guidance on holding funds as custodian trustee.
In addition, £49,534 (2024 £48,392) was collected as agent and paid to the National Federation of Women's Institute. This figure has been excluded from the financial statements.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 10 July 2025 and signed on its behalf by:
Mrs M Hulance - Trustee
Page 5
Independent Examiner's Report to the Trustees of The Avon County Federation of Women's Institutes
Independent examiner's report to the trustees of The Avon County Federation of Women's Institutes ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's 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 charity'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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Matthew Brcher BSc FCA
Gravita Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL
14 July 2025
Page 6
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 1,095 Charitable activities 5 Subscriptions 41,432 Events 36,747 Administration 2,592 Other 514 Other trading activities 3 5,026 Investment income 4 5,803 Total 93,209 EXPENDITURE ON Raising funds 2,622 Charitable activities 6 Events 19,731 Administration 64,868 Total 87,221 Net gains/(losses) on investments (681) NET INCOME 5,307 RECONCILIATION OF FUNDS Total funds brought forward 210,211 TOTAL FUNDS CARRIED FORWARD 215,518 |
Restricted funds £ - - - - - - - - - - - - - - 5,660 5,660 |
2025 Total funds £ 1,095 41,432 36,747 2,592 514 5,026 5,803 93,209 2,622 19,731 64,868 87,221 (681) 5,307 215,871 221,178 |
2024 Total funds £ 2,783 40,201 32,203 3,052 451 7,745 3,111 |
|---|---|---|---|
| 89,546 | |||
| 4,107 19,349 65,563 |
|||
| 89,019 | |||
| 473 | |||
| 1,000 214,871 |
|||
| 215,871 |
The notes form part of these financial statements
Page 7
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES (REGISTERED NUMBER: 02821499)
Balance Sheet 31 MARCH 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 14 41,562 Investments 15 138,844 180,406 CURRENT ASSETS Stocks 16 135 Debtors 17 376 Cash at bank and in hand 44,809 45,320 CREDITORS Amounts falling due within one year 18 (9,379) NET CURRENT ASSETS 35,941 TOTAL ASSETS LESS CURRENT LIABILITIES 216,347 CREDITORS Amounts falling due after more than one year 19 (829) NET ASSETS 215,518 FUNDS 20 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - - 5,660 5,660 - 5,660 5,660 - 5,660 |
2025 Total funds £ 41,562 138,844 180,406 135 376 50,469 50,980 (9,379) 41,601 222,007 (829) 221,178 215,518 5,660 221,178 |
2024 Total funds £ 42,345 138,321 180,666 154 6,018 42,460 48,632 (13,427) 35,205 215,871 - 215,871 210,211 5,660 215,871 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES (REGISTERED NUMBER: 02821499)
Balance Sheet - continued 31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 July 2025 and were signed on its behalf by:
Mrs M Hulance - Trustee
The notes form part of these financial statements
Page 9
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The charity is a company, incorporated in England and Wales, limited by guarantee having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 towards the costs of dissolution and liabilities incurred by the charity in the event of the company being wound up. The address of the registered office is given in the charity information on pages 5 of these financial statements.
The financial statements are presented in sterling, which is the functional currency of the charity, and rounded to the nearest pound.
Going concern
The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
Income
Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, and it is probable that the income will be received and the amount can be measured reliably.
Subscription income is allocated evenly over the subscription year, which coincides with the subscription year.
Event income is recognised when the event takes place.
Income from suspended WI's is recognised as a donation to the Federation after 3 years of holding the balance as custodian trustee.
Expenditure and liabilities
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, and it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided in order to write off each asset over its estimated useful life. All equipment with a value of below £100 will be written off in the year it is purchased.
Equipment will be written off over 10 years. In years 1 - 5, 90% will be written off in equal instalments and years 6 - 10 the balance will be written off equally leaving a balance of £1.
continued...
Page 10
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Equipment revalued in 2020 will be written off over its estimated useful life in equal instalments.
Freehold property, which is held at cost, is not depreciated as the property is maintained in good condition such that a high residual value is maintained and any depreciation would not be material.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Debtor are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Cash and short-term investments
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
Creditors
The charity has creditors which are measured at settlement amounts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Judgements and key sources of estimation uncertainty
Accounting judgements
No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies .
continued...
Page 11
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 2. | DONATIONS AND LEGACIES | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Donations from suspended WI's | 1,095 | 2,783 | ||||
| 3. | OTHER TRADING ACTIVITIES | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Merchandise income | 5,026 | 7,745 | ||||
| 4. | INVESTMENT INCOME | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Investment income | 5,803 | 3,111 | ||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||||
| Subscriptions | Events | Administration | ||||
| £ | £ | £ | ||||
| Events | - | 36,527 | - | |||
| Other income | - | 220 | 2,592 | |||
| Subscriptions | 41,432 | - | - | |||
| 41,432 | 36,747 | 2,592 | ||||
| 2025 | 2024 | |||||
| Total | Total | |||||
| Other | activities | activities | ||||
| £ | £ | £ | ||||
| Events | - | 36,527 | 32,203 | |||
| Other income | 514 | 3,326 | 3,503 | |||
| Subscriptions | - | 41,432 | 40,201 | |||
| 514 | 81,285 | 75,907 |
continued...
Page 12
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
6. CHARITABLE ACTIVITIES COSTS
| 6. | CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|---|
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 8) | Totals | |||
| £ | £ | £ | |||
| Events | 12,726 | 7,005 | 19,731 | ||
| Administration | - | 64,868 | 64,868 | ||
| 12,726 | 71,873 | 84,599 | |||
| 7. | GRANTS PAYABLE | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Events | - | 500 | |||
| 8. | SUPPORT COSTS | ||||
| Governance | |||||
| Management | costs | Totals | |||
| £ | £ | £ | |||
| Events | 7,005 | - | 7,005 | ||
| Administration | 61,695 | 3,173 | 64,868 | ||
| 68,700 | 3,173 | 71,873 | |||
| Support costs, included in the above, are as follows: | |||||
| Management | |||||
| 2025 | 2024 | ||||
| Total | Total | ||||
| Events | Administration | activities | activities | ||
| £ | £ | £ | £ | ||
| Wages | - | 43,321 | 43,321 | 39,854 | |
| Pensions | - | 682 | 682 | 548 | |
| W.I. House expenses | - | 8,167 | 8,167 | 9,199 | |
| Office expenses | - | 4,062 | 4,062 | 6,945 | |
| Travel and meetings | 7,005 | 2,410 | 9,415 | 3,278 | |
| Subscriptions and professional fees | - | 1,214 | 1,214 | 1,111 | |
| Bank charges | - | 405 | 405 | 439 | |
| Depreciation of tangible and heritage assets | - | 1,434 | 1,434 | 965 | |
| 7,005 | 61,695 | 68,700 | 62,339 |
continued...
Page 13
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
8. SUPPORT COSTS - continued Governance costs
| 2025 | 2024 | ||
|---|---|---|---|
| Total | |||
| Administration | activities | ||
| £ | £ | ||
| Accounting and examiner's fees | 3,173 | 4,189 | |
| 9. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Depreciation - owned assets | 783 | 965 |
10. INDEPENDENT EXAMINERS REMUNERATION
The independent examiners remuneration amounts to £1,102 (2024 - £1,050), relating to the independent examination fee and £2,071 (2024 - £3,139), relating to payroll and other accounting services.
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
During the period ended 31 March 2025, 10 trustees were reimbursed their travel expenses whilst on WI business and carrying out other committee duties (2024 - 10). The total of such expenses paid was £2,417 (2024 - £3,232).
12. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Administration |
2025 £ 43,321 682 44,003 2025 3 |
2024 £ 39,854 548 |
| 40,402 | ||
| 2024 3 |
No employees received emoluments in excess of £60,000.
continued...
Page 14
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,783 Charitable activities Subscriptions 40,201 Events 32,203 Administration 3,052 Other 451 Other trading activities 7,745 Investment income 3,111 Total 89,546 EXPENDITURE ON Raising funds 4,107 Charitable activities Events 18,849 Administration 65,563 Total 88,519 Net gains on investments 473 NET INCOME/(EXPENDITURE) 1,500 RECONCILIATION OF FUNDS Total funds brought forward 208,711 TOTAL FUNDS CARRIED FORWARD 210,211 |
Restricted funds £ - - - - - - - - - 500 - 500 - (500) 6,160 5,660 |
Total funds £ 2,783 40,201 32,203 3,052 451 7,745 3,111 |
|---|---|---|
| 89,546 | ||
| 4,107 19,349 65,563 |
||
| 89,019 | ||
| 473 | ||
| 1,000 214,871 |
||
| 215,871 |
continued...
Page 15
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 14. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 April 2024 and 31 March 2025 38,648 DEPRECIATION At 1 April 2024 - Charge for year - At 31 March 2025 - NET BOOK VALUE At 31 March 2025 38,648 At 31 March 2024 38,648 15. FIXED ASSET INVESTMENTS Unlisted investments £ MARKET VALUE At 1 April 2024 48,636 Additions - Disposals - Revaluations (681) At 31 March 2025 47,955 NET BOOK VALUE At 31 March 2025 47,955 At 31 March 2024 48,636 |
Equipment £ 8,272 4,575 783 5,358 2,914 3,697 Cash deposits £ 89,685 26,204 (25,000) - 90,889 90,889 89,685 |
Totals £ 46,920 4,575 783 5,358 41,562 42,345 Totals £ 138,321 26,204 (25,000) (681) 138,844 138,844 138,321 |
|---|---|---|
There were no investment assets outside the UK.
The fair value of the unlisted investments is determined by reference to the bid price of the underlying pooled funds as valued by the respective investment managers on a daily basis.
continued...
Page 16
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 16. STOCKS 2025 £ Finished goods 135 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade debtors 65 Prepayments and accrued income 311 376 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade creditors 3,094 Social security and other taxes 933 Accruals and deferred income 5,352 9,379 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 £ Accruals and deferred income 829 20. MOVEMENT IN FUNDS Net movement At 1.4.24 in funds £ £ Unrestricted funds General fund 188,725 5,307 Relocation/refurbishment fund 6,500 - Annual meeting fund 5,000 - Equipment Reserve 3,486 - Maintenance Reserve 6,500 - 210,211 5,307 Restricted funds WI Guide/Marketing Initiative 552 - Bursaries & Legacies Educational Fund 5,108 - 5,660 - TOTAL FUNDS 215,871 5,307 |
2024 £ 154 2024 £ 553 5,465 6,018 2024 £ 5,337 - 8,090 13,427 2024 £ - At 31.3.25 £ 194,032 6,500 5,000 3,486 6,500 |
2024 £ 154 |
|
|---|---|---|---|
| 2024 £ 553 5,465 |
|||
| 6,018 | |||
| 2024 £ 5,337 - 8,090 |
|||
| 13,427 | |||
| 2024 £ - |
|||
| 215,518 552 5,108 |
|||
| 5,660 | |||
| 221,178 |
continued...
Page 17
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
20. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Relocation/refurbishment fund Annual meeting fund Equipment Reserve Maintenance Reserve Restricted funds Turnball Bursary Fund Denman Travel Fund Celebrations Bursary Fund Mrs S Spencer - legacy Mrs MacDonald - legacy Mrs J Flavell - legacy Newman - Phillips Bursary NFWI Membership Prize WI Guide/Marketing Initiative Mrs P King - legacy Bursaries & Legacies Educational Fund TOTAL FUNDS |
Incoming resources £ 93,209 93,209 At 1.4.23 £ 187,225 6,500 5,000 3,486 6,500 208,711 500 188 1,000 1,000 500 420 1,000 500 552 500 - 6,160 214,871 |
Resources expended £ (87,221) (87,221) Net movement in funds £ 1,500 - - - - 1,500 - - - - - - - - - - (500) (500) 1,000 |
Gains and Movement losses in funds £ £ (681) 5,307 (681) 5,307 Transfers between At funds 31.3.24 £ £ - 188,725 - 6,500 - 5,000 - 3,486 - 6,500 - 210,211 (500) - (188) - (1,000) - (1,000) - (500) - (420) - (1,000) - (500) - - 552 (500) - 5,608 5,108 - 5,660 - 215,871 |
|---|---|---|---|
continued...
Page 18
THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
20. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 89,546 (88,519) 473 1,500 Restricted funds Bursaries & Legacies Educational Fund - (500) - (500) TOTAL FUNDS 89,546 (89,019) 473 1,000 |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 89,546 (88,519) 473 1,500 Restricted funds Bursaries & Legacies Educational Fund - (500) - (500) TOTAL FUNDS 89,546 (89,019) 473 1,000 |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 89,546 (88,519) 473 1,500 Restricted funds Bursaries & Legacies Educational Fund - (500) - (500) TOTAL FUNDS 89,546 (89,019) 473 1,000 |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 89,546 (88,519) 473 1,500 Restricted funds Bursaries & Legacies Educational Fund - (500) - (500) TOTAL FUNDS 89,546 (89,019) 473 1,000 |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 89,546 (88,519) 473 1,500 Restricted funds Bursaries & Legacies Educational Fund - (500) - (500) TOTAL FUNDS 89,546 (89,019) 473 1,000 |
|---|---|---|---|---|
| Fund Name Description and use |
||||
| Relocation/refurbishment fund A designated fund to set funds aside for future relocation or refurbishment of the headquarters |
||||
| Annual Meeting Fund A designated fund to set funds aside for the annual meeting |
||||
| Equipment Reserve Funds held for equipment |
||||
| Maintenance Reserve Funds held for maintenance |
||||
| Turnball Bursary Fund Legacy for Denman Bursary |
||||
| Denman Travel Fund Biannual award for travel to Denman College |
||||
| Celebrations Bursary Fund Legacy for Denman Bursary |
||||
| Mrs S Spencer - Legacy Legacy for Denman Bursary |
||||
| Mrs MacDonald - Legacy Legacy for Denman Bursary |
||||
| Mrs J Flavell - Legacy Legacy for Denman Bursary |
||||
| Newman - Phillips Bursary Legacy for Denman Bursary |
||||
| NFWI Membership Prize Prize held over |
||||
| WI Guide/Marketing Initiative Funds awarded by NFWI for marketing |
||||
| Mrs P King - legacy Legacy for Denman Bursary |
||||
| Business & Legacies Educational Fund Legacies held to provide educational courses run by the Federation. |
In the prior year, the small legacies, which had been held for a number of years, were transferred into one restricted fund, the Business & Legacies Educational Fund.
continued...
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THE AVON COUNTY FEDERATION OF WOMEN'S INSTITUTES
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
21. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024 (2023 - no transactions).
Page 20