FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR THE BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTE
THE BEDFORDSHIRE COUNTY FEDERATION OFWOMEN'S INSTITUTES OMPANY INFORMATI REGISTERED OFFICE.. W. l. Housè 62 Adèlaidè Squar Bèdford MK40 2RW REGISTERED NUMBER.. 02708888 REGISTERED CHARITY NUMBER.. 1029278 INDEPENDENT REPORTING NTANT Longstalf, GèntlÈ & Co Charterèd Cèrtified A¢¢ounlants 61 Harpur StrèÈt Bèdford MK40 2SR
Pagè 1 THE BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES REPORT OF THE DIRECTORS Thè dirèetors havè plèasuro in prèsènting thèir rèport and the Company's financial statèments lor the yoar onded 31 Dè¢ombèr 2022. PRINCIPAL ACTIVITY Thè Company's principal activity is to providè sèmcès to Womon's Instilutos lo¢ally and to reprÈsènt thÈ intèrèsts ol Womèn's Institutès in BÈdfordshirè. DIRECTORS Thè Dirè¢tors who hèld offieè during tho year are as follows.. Chairman Mrs Sally Ball Vi¢e Chairman Mrs Elizabèth Cochrane Mrs Hazèl Wadè IAppoinlèd 061061221 Troasurer Mrs Diane Sanbrook Assistant Treasurèr Vacant Committèè Mrs JLJdith McEwan Mrs Rosèmary Mit¢ho11 Mrs Elizabèth Pottèr Mrs Dot Wigg Mrs Wèndy Cox Mrs Rita Hulehinson IRosignèd 051121221 IRosignèd 051061221 IAppoinlèd 051121221 LIMITED LIABILI Thè ¢ompany is limitèd by guaranteo Wlth a £1 guarantèe providgd by èach member. HARITABLE STATU Thè ¢ompany is a regi$1orod eharily. On behalf ol the Board.. Mrs Sally Ball Chairman Dale.. 13th Fèbruary 2023 Pagè 2
THE BEDFORDSHIRE COUNTY FEDERATION OFWOMEN'S INSTITUTES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTE I rèport on thè accounts ol tho Company lor thè yèar èndèd 31 Dè¢èmbor 2022, whi¢h are sel out on pagès 4 to 8. Rès èctivè ros onsibililiès ol trustèÈs and èxaminer Thè trustèÈs Iwho arg also thè dirèctors ol thÈ company lor th6 purposÉs ol company lawl are rèsponsiblè for thè prèparation ol thè aeeounts. Thè trustèÈs consider that an audit is not requirÈd lor this yÈar undèr sèdion 144121 ol thè Charitlos A¢t 2011 Ilhè 2011 A¢tl and that an indèpendènt oxamination is nèedèd. Having satisli6d mysèlf that thè Charity is not subjèet lo audit undèr Company law and is oligible for indèpendent Èxamination, it is my rèsponsibility to.. lal examinè thè ae¢ounts undèr sè¢lion 145 01 the 2011 A¢t., Ibl lo follow thÈ proeèdurÈs laid down in thè GènÈral Dirè¢lions givon by thè Charity Commission undèr sèetion 14515llbl ol thè 2011 Aet., and Icl lo state whethor particular maltors have ¢ome lo my attention. Basis ol Indè èndènt èxaminer's rè My èxamination was carrièd out in a¢cordan¢È Mth thè GènÈral Dirèctions givèn by thè Charity Commission. An èxamination ineludès a rèvièw of thè a¢¢OLJnting rècords kèpt by thè Charity and a eomparison ol thÈ accounts presentèd with thosè rècords. It also includès ¢onsidÈration ol any unusLJal itÈms or disclosurès in the aCCOLJnts, and sèèking of Èxplanations from you as trustÈès eoncèrning any SLJeh mattÈrs. Thè proeèdLJfès LJndÈrtakÈn do not providè all tha evidon¢e that would bÈ rèqLJirèd in an audit and eonsÈquÈntly no opinion is givèn as to whèthèr thg a¢¢OLJnls prÈsènl a 'true and lair view, and the rtrport is limited lo those matters sel out in the statÈmènt bèlow. Indè èndent èxaminèrfs statÈmÈnl In ¢onn8ction with my oxamination, no mattèr has Comè lo my attèntion.. 111 which givè mè rèasonablè eausÈ to bèlièvè that, in any matÈrial rèspèet, thè rÉquirÉmènts'. lal to kÈèp aCCOLJnting rècords in a¢cordancÈ with sÈetion 386 01 thè Companiès Act 2006., and Ibl to preparè a¢¢ounts whi¢h aword with the accounting roeords, comply with the accounting r8quirÈmÈnts sÈction 396 01 thè Companiès Act 2006 and with thè mÈthods and prineiplès of thè Statèment ol Recommondod Pra¢ti¢o.. Accounting and Rèporting by Chari110S. havo not boèn mel., or 121 to which, in my opinion, attention should bo drawn in order to onablè a propor undèrstanding ol tho aeeounts lo bè roa¢hod. Mr S. P. Simpson Longstaff, GÈntlè & Co Chartered CÈrtilièd Aeeounlants 61 Harpur Street Bedford MK40 2SR Datèd.. 13th Fèbruary 2023 Pagè 3
THE BEDFORDSHIRE COUNTY FEDERATION OFWOMEN'S INSTITUTES BALANCE SHEET AS AT31 DECEMBER 2021 2021 2022 FIXED AS ET 60898 Tangible Assèts 60505 URRENT AS ET 6960 Slo¢k on Hand 1309 DÈbtors 58858 Invèslmènl Accounts 124258 Cash al Bank and in Hand 191385 1¢ 5638 1037 83740 105841 196256 LE RRENT LIABILITIE 4896 Croditors 5826 186489 190430 247387 TOTAL AS ET LE RRENT LIABILITIES 250935 FINANCED BY.. 75000 al Rès 75000 Unrostrietod Funds Gèneral RèsèrvÈ Propèty Maintonanco Resorvè 101957 4984 le, 7a le, 7a 102275 4984 106941 107259 65446 RÈ triet d Fund 1e,7b 68676 247387 250935 Thè company is èntitlÈd to èxèmption from audit undèr Section 477 01 the Companiès Act 2006 lor the yèar èndèd 31 Dè¢embor 2022 Thè mèmbèrs havè not rèqLJirèd thè company to obtain an aLJdit ol its financial slalèmènls lor thè yèar ènded 31 Dècèmbèr 2022 in aeeordaneè with Sèction 476 01 thè Companiès Act 2006. Tho dirè¢tors acknowledgè thèir rèsponsibilities for.. lal Ènsuring that thè eompany keèps accounting rèeords which Comply with Se¢tion$ 386 and 387 01 tho Companiès Aet 2006 and Ibl preparing linaneial statemènts which givè a trus and lair vièw ol thÈ statè ol allairs ol th8 company as at thè ènd ol each financial year and of its profit or loss for Èaeh financial yèar in aeeordaneè with thÈ rèquiremÈnts of Sèdions 394 and 395 and which othènmsè Comply with thÈ rèqLJirèments ol tho Companigs A¢t 2006 rèlating to financial statèmènts, so lar as applieablè to thè eompany. Thè linaneial statèmènts havè bèÈn prèparèd in ae¢ordaneè with the spè¢ial provisions ol Part 15 01 th Companiès Aet 2006 rÈlating to small Companiès. Mrs Sally Ball Dirè¢lor Mrs Diano Sanbrook Dirè¢tor Approvèd On.. 13th Fèbruary 2023 Pagè 4
THE BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 2021 2022 INCOMING RESOURCE Affiliation Fèès and QLJola Ineomè- Committèès Ineomè- Othèr Salè of Goods Gènèral Donations IntÈrÈst Rècèivèd from GÉnèral InvèstmÉnts Total Incoming Rèsoureès- Unrèstrictèd Funds 23899 8687 9550 9847 779 23309 24204 3719 8281 375 640 60528 52770 7a 4996 57766 Total Incoming Rèsoureès- Rèstrictèd Funds Total Incoming Rèsoureès lor thè yÈar 7b 5628 66156 RESO RCE EXPENDED 30125 Governancè Costs 6638 Expensès of Committees 6673 Cost ol Goods Sold 1874 DÈprè¢iation 45310 Total RÈsourcès Expended - Unroslrielod Funds 31150 21228 7550 1911 61839 1b,2 7a 738 Total RÈsourcès ExpÈndÉd - Rostrietad Funds Total RÈsourcès ExpÈndÈd lor thè yèar 7b 769 46048 62608 11718 SurplU{DO1l¢I1} lor the yèar 3548 FUNDS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Total 2021 UnrÈstrieted Rèstrictèd Total 2022 5r166 Total Incoming Rèsoureès lor thè year 60528 5628 66156 46048 Lèss.. Total Resoureès Expendèd lor tho year 61839 769 62608 11718 -1311 4859 Transfer Bglwgèn Funds 1629 -1629 11718 Opèrating Surplus lor thè year 318 3230 155685 Balan¢0 Brought Forward 101957 65446 167403 167403 Balan¢0 Carriod Forward 102275 68676 170951 Pagè 5
THE BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 1 ACCOUNTING POLICIES a Basis ol Aceountin The financial statemènts havè bÉèn preparsd undÉr thè historical cost convention. Th6 financial statèmènts have beèn prÈparèd in aecordaneè with Statèmènt of Rècommended Practicè, "Aeeounting and Reporting by Charitiès prèparing thèir aeeounts in aeeordaneè with thÈ Financial Rèporting Standards applicable in thè UK and the Republi¢ of Iroland IFRS 1021 and tho Companios A¢1 2016. bTan ible Fixed Assèts Depreciation is providèd at tho following annual rates in ordèr lo writè oll èach assèt ovèr ils stimated usèful life.. FrÈèhold Propèrty & Improvèmènl$1ox¢I. lan( FLJrniturè, Fittings & EqLJipmenl Computèr EqLJipmènt 20/0 Straight lino 150/0 on writtÈn down valu 250/0 on writtÈn down valu ¢ Stock Stock ¢onsists ol goods hold lor resale whi¢h arè valued at thè lower ol cost and nèl realisablè value. d Volun a Incom All voluntary in¢omÈ, lÈgaciès and grants arè utilisèd within thè gÈnèral unrèstrietèd fund for thè lurtherancÈ ol thè principal aetivity ol thè Company, Èxcèpt that whèrè a particular usè of any amount rè¢ÈivÈd has bèÈn specified at thÈ timè ol rÈeèipt, a rÈstrictÈd fund will opèratè. Any such specified Uso should bè eompatible with thè objè¢ts of thè ¢ompany and ¢apablè of oxecution by thè ¢ompany. FLJnd Aeeountin The company's Ganèral RÈsarvè Consists ol unrestricted funds whi¢h thè ¢ompany may usè for its purposes at its discretion. Thè PropÈrty Maintènance RèservÈ has bèèn crèatÈd to spÈeilically aeeommodatÈ amounts sèt asidè lor fLJtLJrè maintènancè Costs. It is an Ljnrèstrictèd, but dèsignatèd fund of thè Company. Tho rÈstrietÈd funds ara thosè whèrè donations have beon ro¢eived or fund raising evonts havo bèèn hÈld lor spècilie PLJrposes. I Pènsion Costs and Othor Posl-RÈtirèmènl Bènolils Thè eompany opÈratÈs a dèfinèd contribution pènsion schèmè. ContribLJtions payablè lo the ¢ompany's pÈnsion sehème arè ¢harged lo profil or loss in tho period to which Ihoy rolate. lo ees and Dirèetors The average numbèr ol èmployeos during the yoar was 3 2 TANGIBLE FIXED AS ETS Frsehold Property Furniturè, 62, AdÈlaidè Fittings & SqLJarè & Equi mènt Im rovèmènts Total Cost Opening Balan¢è as al 1.1.22 Additions 18955 1518 86075 105030 1518 20473 86075 106548 Dè rèciation AccumulatÈd DÈproeiation as al 1.1.22 Charge for the year 15580 689 28552 1222 44132 1911 16269 29774 46043 Ngt Book Valuo al 31 Dè¢èmbor 2022 4204 56301 60505 Ngt Book Valuo al 31 Dè¢èmbor 2021 3375 57523 60898 Pagè 6
THE BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 31.12.22 31.12.21 3 DEBTOR Tradè Debtors Prèpaymènts Exptrnses paid in respe¢l ol following yoar 274 638 125 273 827 209 1037 1309 4 CURRENT ASSET INVESTMENTS Nationwidè Building Soeièty Aeeount COIF Charitiès Dèposit Aeeount 33450 50290 7465 51393 83740 58858 ASH AT BANK AND IN HAND Dgposit Aeeounl CLJrrÈnt Aeeounl Cash in Hand 66259 39417 165 65619 58463 176 105841 124258 6 CREDITOR Aceruèd Expènsès AmoLJnts hèld in rospè¢t ol following yèar 3858 1968 2240 2656 5826 4896 7a Unrostrietod Funds Balan¢e asal 01.01.22 Balancè asat 31.12.22 In¢ome Expènd- ilurè Transfèr GènÈral RÈsèrvè D8signalèd for Propèrty Maintènane 101957 60528 -61839 1629 102275 4984 4984 106941 60528 -61839 1629 107259 b Rostrietèd Funds Balanco asal 01.01.22 Balancè asat 31.12.22 In¢ome Expènd- ilurè Transfèr Bursary - Dr Braggins W. l. PropÈrty & Offieè Fund W. l. Suspènsions (sèè page W. l. Formations & RÈcruitm. Pooling ol Accommodation Dènman Dip CatÈring & Officè Equipmènt Dènman Collègè FumiturÈ Postagè Wl Bursaries Savè DènmanlLovè Dènman Speakers & Cèntènary Catering BursariÈs Gardèn FLJnd CommLJnieation & Publi¢ity Groups 1022 23715 2816 5490 5044 64 2933 1257 1025 24322 6291 6047 5047 64 1329 1258 607 4068 733 -593 -176 -1604 25 -25 1035 1664 19037 1035 1664 19037 369 1000 135 504 1000 53 68676 53 5575 65446 -769 -1629 Pagè 7
THE BEDFORDSHIRE COUNTY FEDERATION OF WOMEN'S INSTITUTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 W.1. Sus ènsions From July 2002 lortèitèd amoLJnls from SLJspÈndèd W.I's arè hèld Ljntil a W.1. rèforms and reclaims the rèlèvant sum or lor 3 yèars whÈn thÈ funds arg alloeatèd undèr th6 rLJlÈs ol thè W.1. to thè Company only. Thèrèforè thè funds rèmain rèstrictèd lor a pèriod ol up lo 3 yèars. 8 OPERATING SURPL 31.12.22 31.12.21 Tho Owraling Surplus is slatod aftèr eharging= A¢¢ounlan¢y Feès 912 912 9 CONNECTED PERSONS AND RELATED PARTY TRANSACTIONS Thè company oxists lo promotè tho intèrèsts of Womèns Institutès throLJghout BÈdfordshirè and as such ènsurès that thè mèmbÈrship ol tho W.1. both as individuals and collèetivÈly bènèfit from its normal opèration. EmploymÈnt costs arè as shown in thè dètailed ineomè and ÈxpÈnditurÈ aeeount, in addition to which thÈ company Ènjoys a eonsidèrablè amount ol volLJntary èffort by thè officers, dirèetors and membèrs. Thè valuÈ ol thèsè donatèd sèrvieès has not been quantifièd and is not rÈllè¢tèd in thè accounts. SubjÈet to thÈ forègoing thÈrÈ wÈrÈ no matèrial rèlatod party transaetions during thè yèar. Page 8