Charity re6istr•tion numbtr 1044383 IEn8land and Wafesl Company registratlon nurnber03013730 THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES ANNUALREPORTAND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES LEGAL AND ADMINISTRATIVE INFORMATION Ms A Banks el Asmar MrsA Beckett- Hon Treasurer Mrs S Bentley Mrs P A Jones Mrs BJ Lan8ham Mrs V Lee M5 SJ Leicester Mrs W A Morrks Mrs SA Pres(ott- Chair MrsEAF*e Miss H Tyrrell IAppointe(115 Ortober 20241 Charfty numbèr lE￿￿nd and Wales) 1044383 Comp¥ny nufflber 03013730 Re8lrtered office 11 White Ffiar5 Chester CHI INZ Independeffl examlner Mitchell Charlesworth 24 Nicholas Street Chester CHI 2AU THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES CONTENTS Pa Trustees. report Independent examiner's report Statement ol financial ortNities Balance sheet Notes to the financial statements 8-17 THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES TRU5TEES' REPORT {INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their annual report and financial statements lortheyear ended 30 September 2025. The financial st*ements have been prepared in accordance with the accounting policies set out in note I to the financial Statements and comply wtth the Iharity's governing document. the Companie5 Art 2CK16 and 'Accountin8 and Rewrtin8 by Charities.. Statement of Recommended Platt￿e applicable to chaflties preparing their accounts in accordanie with the Finaniial Reporting Standard applicable in the UK and RepublK of Ireland IFRS 1021 leffecti¥e l January 20191" Oblertlves and art1¥rt￿$ Obledlves otthe Chorlty The Women's Institute organisation Ss based on the ideals of fellowship, truth. tolerance and justice. and its main purposes are.. to advance the education of women for the wblic benefrt in all areas, includin8 local, national ond international Issues of political and social importance: mvsic, drama and other culiural sublerts,. all branches of a8rtculture. crafts, home economics. science. health and sotial welfart.. to promote 5U5tainable developmeni for the publtc benefft by edwating petsple in thè preseNaiion, conservatSon and protection ol the environment and the prudent use of natural re59urces. and by promoting Sustainable means ol achievin8 economi¢ growth and regeneration- to advance health lor the public benefit.. to advance cltlzenship lor the public benefit by promotitin of civic responsibilily and ￿lUnteer￿n6. The obje(iives of the charity. which remain unchanged from the previous accountin8 period, mèy be summariseé as follows.. to further the purposes of the Wl or8anisation tn Cheshire (both East and Westl and the adjoinin8 areas of Wirral, Halton, Warrington, parts of Salford, souih Manchester, Tameside. Stockport. and elsewhefe. Publlc Benefft The trustees have had regard to the Charity CoMmi￿10n 8uidance on Public Benefit and believe that the servicés provlded by the Cheshire Federation of Women's Institutes are compliant with this, as outlined above. Public benefit 15 further exemplified in the following statements of Activities. and khievemenis and Performance. The overall membership has remained qulte buoyant despite having to 511spend a fèw Wl's. resultin8 in services continuin8to be available to women and tommunilies withSn CFWI'S area of operation. Artlvltses Our Sub-committees started the finèncial year with an Autumn Crafts workshop, closely followed by a Chester Ghost Tour and another ever popular Jigsaw Ra(e. At this poini who knew jusi how busy the next 12 month5 were Boing to be. The Storyhouse, Che5terwas once aBaiTrthevenue fortheALrtumn Council Meeiing, which proved to be a very well attended event. Members were 8iven an insight into the live5 and achievements of 3 inspirational speakers and left the theatre with lots of chat and still time to do some retail therapy. The festive season wa5 fast approachin8 which meani ihat 11 White Friars was brightly decorated by the Trustees to welcome members for bacon baps, mince pies, tea. coffee, mulled wine. etc. Tours of The House, were very popular and the Archives Team had Suspended the'Not Just Jam & Jerusalem, bunting which had been submitted by Wl's to remember some of their historical larts. March was Cheshire's Annual Council Meeting when delegate5 and members attended a day at Winsfofd Acaéemy. Votes were cast for the bu5ine5s part of the meetin& Sub-comminee updates duly noted. lollowed by a Sprin8 themed flower dernonstration by a long-standin8 member. Raffle tickets bought, souvenirs chosen and packed lunches consumed, we were entertained by a talented Author, Journalist and TV Presenter. wilh tales of her life as a pop-5tar's wife. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES TRUSTEES, REPORT IINCLUDING DIREcfoRS' REPORT) (coKnNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Prior to this year's NFWI Annual Meeting in June. which was held for the first time totalty onllne and not la£e-to-face, Federations. Wl's and member5 were not only consulred on the usual Resolutions pro(e55 but on an updated and re-written Constitution, applicable at all levels of the or8aniz*ion. The voting process wa$ quite a responsibility for all concerned and relief was felt when all was passed and agreed. The Royal Cheshire County Show took a different format this year when our usual large marquee with competition classes and caterin8 was replaced with a srnall marquee with a few demonstrations. publicily* sales and promotlOn5. Members and the 8eneral public alike missed the exhibition and reasonably priced refreshments, and went away in search of a cup of te and sandwi£h. Hopefully a compromise can be sou8ht in the future. A sunny day in july, the Chesh¢re News team or8anized a Litefary Lunch at Hartford Golf Club. Members spilled out onio the patio for drinks, enjoyed a lovely meal and were entertained by an excellent speaker. Thanks to the News team, the Club staff and the weather thls all culminaitd in another Successful event. "Wild in Fylde- saw a weekènd jam p3cked with *ivitie5 at this yearfs Camp arran8ed by the ￿lsure for Ple35ure te•m. Weather was onte again kind to U5 which meant that all plans weni very smoothly leaving members asking for more in 2026 and maybe an extra nightl A bt of hard work and plannin8 SO thanks io all invofved. More sub-commlttee events wereon8oin8throvghovt the ytar. $0 once again thanks to everyone. They Included 8011, darts. quizzin& croquet, bowls. monopoly, Pilates, cheese lastin& ltsjd hygiène. craft5, to name but a few. Public affairs tau8ht us 'how to be è life-saver., to be conscious of all thin8s'green'. disability aware, thewofkin8s of an Archimedes Screw, the livès of bees, and women who Inspired us in the earty year5 01 the Wl. Improvemenis are still on8oing at Wl House followin8 on from Surveys and Risk Assessments undèrtaken. Making sure that all work Ss tompleted by qyalifted builders/technlcians who can then issue the relt¥ant ¢ertificates is quite an undertaking whilsi making sure that we provide a safe and pleasin8 work environment lor our staff #nd visitors. Athlevernerrts and perlormance Givin8 members value lor money is very high on our a8enda here in Cheshire, so when settin8 a programme of trainin8 We aim to provide it, whenever possible. freè ol chargt. Workshops offered to Wl Offrcers are or8aniied around the Fedèration t several venues and at diffèrent time5 01 the day and week to accommodaie as many as possible. both fac&t¢*-face or online. Hosted by our dèditated team of Wl Advisers, to whom we need to express ou¥ thanks. these events prove very popular with a chance to èxplore the expectations of ihe role and io dixuss any problèms or concerns. A free copy of Cheshire News is availablè to all members ènd advice is alway5th￿e for online atcèss to MYWI. MCS and %Kial rnedia, etc. After 12 years in post. at the en(1 of December 2024 we said goodbye to our long-standing Accounts Admlnlstrator, but are pleased to announce that our Admin Assistant has expanded her duties to incorporare both roles and she joins our Federation Secretary who tO8ether make an ex£ellent team. They need to be ihanked lor their dedication and ability to run a very busy office whilst copin8 Wlth the challenges of new procedures. policies. legislaiion, technolo8y and communication. to name but a few. They are atways thèrè to supwrt all our Trustees. Wl's and Members. F¢nallyi thanks must go to all the Officers. Cornmittees and Members who support their Wl's and communitie5 throughout the Federation. always volunteering their time with dedicatmin and friendship. The key elements f0r0urrt￿dlurn to lo￿ term strate8les•re: to continue to give sUPPOrt. er￿ourageMent and guidance to all 171 Wls in the Cheshire Federation.. to offer a wide rangeof trainin& educational and cultural opportunitie5. promote lifelong learning, Iraditional skills, healthier. more susta¢nable lifestyles and personal development.. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 to increase the Wl's influence on government. opinion former5 and the general public by raising awareness of significant local. national and internat*)nal issues. and to maintainthe reputation of iheor8anisatlOfl 85 a respected volce of reason. integrity and intelli8ence. The Suc￿5 of these str•teAles Is measured by: Invitin& receiving and assessing dirett feedback from ihe members.. maintaining contact with NFWI, neighborin8 federations and oiher charities, and with local and re8ional 8overnment,' aThd by monitoring activitte5 or8anised by oiher sections ol the Wl movement. Flnanclal re¥￿W Revlew ot th¢ Year The statement ol financial attivities discloses an increase in the valye of the charitls investments of £9.08712024- £20,2391 and net incomin8 resources for the year amountingto an increase of £12,29112024- E23,5931. The trustee5 consider these results to be satisfactory, and would like to iecord iheir thanks to all Federation mtmbers, staff, sub- committee5 and rtpresentatives for the de(lication and haid work whth has made this possible. ReseNe5 Pollcy CFWI èlms to hold sulliclent resefve fund5 to meet its probable tommiiments should clr(umstance5 obli8e thè trustees to close the charitv. At the year end the charity held reseThes of E701.78112024- £680.4031. Investments Poll¢v The charitable company's Investment portlolio ¢0Mpri￿ bank. buildin8 society and MS & I deposits. and units in Investment and unit trusts. Decisions concernin8 disp05a15 of stocks and further investments are made bythe 8oard of Trustees, based on advice from an independent investment bcoker. Rlsk Pollcy The Board has considered the major risks to which the charity may be exposed. In thè opinion of the trustees, the combination of cash reserves and revlew systems should allow any fisks in ihe day-itrdayoperation5 Qf CFWI to be mitigated to an acceptable level. Pl•ns for Future Pèrlt)ds Future obllKatlons In the opinion of the trustees there are suificient funds available to meet all future commitments. During the comin8 year CFWI will again actively support the naional membership recruitment initiative. continuin8 to form new Wls within our Federation's area wherever there 15 local interest. The charity will organise a full and varied pro8ramme of activities and training opportvnities for member5. The short and long term strategy of the Federation will be discussed and agreed. ensvrin8 that future plans and aim5 are forward thifikin8 for the ease of practice. whilst being inclusive of the needs and enjoyment ol the membership and ukimaiely financially viable. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES TRUSTEES. REPORT{INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Strurture. 8o¥erMnce and manawnent The charity is a company limited by guarantee. incorporated on the 24 January 1995 and is therefore governed by a Memorandum and Anicles of Association. The re8tstered office ts 11 White Friars, Chester, CHI INZ. The charity is also a charity re8lStered with the charity commission, registered number 1044383. The charity'5 day to day operations •re managed by the Ix)ard of tru51ee5 and as such the charity employ5 no staff it would define as key mana8ernent. Rate5 of payfor employees are determined lollowin8con5ideration of salaries offered in the local employment market. The trustees. who are also the dirertors for the purp05¢ of ¢tynpany law. and who Served durin8 the year were: Ms A Banks el Asmar Mrs A Beckett- Hon Treasurer Mrs S Bentlev Mrs N Dent Mrs J F Harding Mrs P Ajones (Resigned 29 March 20251 IResignÈd 29 March 20251 Mrs 8 l Lan8ham Mrs V LÈ* Ms SJ Leicester Mrs W A Morrls Mrs SA Prescott- Chair Mr5EAF*e Mlss H Tyrrdl IAppolnte(115 Cttober 20241 Trustees, who must each be a member ol a Women's Instilute within the Cheshire Federation of Wls. may be eletted or c opted to the board. followsng nomination from the membership, in actordance with CFWI'S ¢onstitution and rulès. Nonè ol the trustees has any btnèficial interest in the company. All olthètrustees are membersof the company and guarantee to ¢ontribute £1 in the event of a winding up. Transartlons wlth Dlretto During thè year the company reimtyur5ed Difertors. expenses amountin8to £11.59012024- £13,590) to 13 trustees. Collertlon of Affillatlon Fees Affiliation fees received durin8 the year bythe charitablecompany included £108,327. colletted as agent for. and paid to. the National Federation of Womers's Institutes. Thetrustees, report was approved byihe Boafd of Trustees. Mrs S A Presc Trustee Dated.. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHESHIRE FEDERATION OF WOMEN'S INSTrrLrrES I report to the trvstee5 on my examination of the financial 5tatement5 01 The Cheshire Federation Of Women's Institutes Iihe charilyl lor the year ended 30 September 2025. Re5pon5ibilitie5 and basts of rèport A5 the trustees of ihe charity land also its direttors for ihe purposes of company lawl. yov are rèsponsible for the preparation ol the financsal staiements in accordance with the requiremenis of the Companies Art 2006. Havin8 Satisfied myself that the financial statement5 of the charity are not required io be audited under Part 16 of the Companies Act 2LK)6 and are eligible for independenl examination. I report in respect of my examination of the charity's financial statements carried out under section 145 ol the Charitie5 Art 2011. In carryin8 Out my examination I have followed the Directions 8iven by the Charity Commission untler section 14515llbl of the Charitie5 Act 2011. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention In conne¢tion with the exarnination giving me causè to believe that in any material respert.. accountinB records wert not kept in respect ol the charity as requifed by section 386 of the Companie5 Act 2C¢6. the financial statements do noi accord with rhose records.. or the financial statement5 do not comply with the a¢¢ountin8 requirementsol section 396 of the Companies Act 2006 other than any requirement thai the financial statements 8ive a true and lair view. which Is not a matter consldered as part of an independent examination.. or the financial statement5 have not been prepared in accordznte with the methods and prlnciples ol the Statement of Recommended Practice lor accounting and reporting by charities applicable 10 charit￿e$ preparing thelr financlal staternents in aciordance wrth the Financial Reponin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conierns and have come across no oihtr matters in tonnection with the examination io whlch attentlon should be drawn in this report in order to enable a prts￿r Understanding ol the financial statemenis to be reached. Mr Robert Hall. F¢ Mitchell Charlesworth 24 Nicholas Streei Chester CHI 2AU Dated.. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES STATEMENT OF FINANCIAL AcTIV￿lEs INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unre5trthd funds 2025 UnrÈ5trKted funds 2024 Income from.. Don3tions and le8acies Charliable attlvhles 4,805 140,635 19.483 148,324 13.¢)90 Investments Totsl Incorne 164.923 168.223 EX￿ndIture t￿. Charitable attbvlties 152,632 144.630 Total exptndltwe 152,632 144,630 Net gains/l1055esl on investments io 9,087 20,239 Net Income •nd rnovement In f￿d5 21.378 43,832 Reconclllatlon of fvnds: Fund balance5 at i ottober 2024 680.403 636.571 Fund balances at 30 Septembef 2025 701,781 680,403 The staternent of financlal acttvities in¢ludes all 8ain5 ?nd1055es recognised in the year. All income and expenditure derive from iontinuin8 aCtivitie5. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES BALANCE SHEET AS A T30 SEPTEMBER 2025 2024 Fl¥ed assets Tangible a55ets Investments 25.Y9 203.364 25,549 194,148 228.913 219,697 Current 355ets Stocks Debtors Cash at bank and in haTh 2,507 12,720 470.294 IS.LB2 480.011 496.897 124,0291 485,521 124,8151 Credbtors: amounts falllnadue wlthln one ￿•r 16 N¢t turr*nt aMets 472.868 460,706 Tot•1 •5sets le55 current Iblbllltles 701,781 680,403 The funds of the ch•rlty Unrestricted funds 701.781 680,403 701,781 680,403 The Company is entitled io the exemption from the audit requirement ¢ontained in section 477 of the Companles Act 2006, for the yeaf ended 30 Sepiember 2025. Thè dirt£tors acknowledge their fesponsibiltties for complyin8 wr(h the requirements ol the Companies Act 2CK16 with respett to accounting records and ihè prepar*ion ol financial statemen The members have not required the company to Obtain an audit of its financial statemenis lor the year in question in accordance wlth se(tlon 476. These financial statements have been prepared in ac(ordance wilh the provisions applicable to companie5 subject to thè small cornpaniès re8ime. Thefinancial statements wereapproved bythetrusteeson.. Mrs A Be(kett- Hon Treasurer Trustee Company re8lStraion number03013730 (England and Wale51 THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting pollcles CharMylnfofmatitin The Cheshire Federation Of Women's Institute5 is a private company limited by guarantee incorporated in England ènd Wales. The registered office is 11 Wh¢te Friar5. Chester. CAI INZ. The nature of the charity'5 D￿rationS and principal aitivities are described in the Trustees. Aeport on page l. 1.1 Bas15 of prÈparatSon The financial statements have been prepared in accordance wtth thecharity's Memorandum and Articles, the Companies Act 2006 and "Accouniin8 and Ileponing by Charilies.. Staiement of Recommended Practice applicable io charitie5 preparin8 their aicovnts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective l January 20191". The charity is a Public Benefit Entity as defined by FRS 102. The charlty ha5 taken advant4e ol the provis￿$ in the SORP for charitie5 applying FRS 102 Updatè Bulletln I not to prepare a Statement of Cash Fkjws. The financlal statements are prepared in sterlin& which is the funrtional currency ol the charity. Monetary amgunt5 in these flnancial statements are rounijed to the nearest £. The fSnancial statements have been prepared under the historical c05t convention. modified to include ¢erta5n finan¢ia Instruments at lair value. The principal accountin8 policie5 adopied are set out below. 1.2 Golng Concern At the time of approvin¢ the financial statemen15. the trustees have a rea30nablè expectation that the charity has adequate resources to conttnue in operational existence for the foreseeable future. Thus the trustees continue to adopt the goin8 concern basis of accounting in preparingthe financial statement5. 1.3 Charltsble fvnd5 Unrestricted lund5 are availablt for use at thèdiscrètion of thetrusttrs in fvrtheran¢•of their charstablè objectives. 1.4 Income Income is reco8nised when the charity is legally entiiled io ir after any performance conditioThs have been met. the amounts can be measured reliably. and it is probable thai income will be received. Cash donations are recognised on receipt. Other donations are reco8nised once the charity has been notified of the donation. unless performance condition5 require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is retognised at the time of the donation. Le8acies are recognised on receipt or otherwise if the charity ha5 been notified of an irnpending distribution. the amount is known, and receipt is expected. If the amount is not known. the legacy is treaied as a contingent a$5et. Income frorn tradiftg activities includes income earned from lundraisin8 events and tfadiftg attivities to raise funds for the charity. Income is received in exchange for 8oods or services in order to raise funtls and is reco8nised when entitlement has occurred. Investment income is earned through holdingassetsfor investment purposes such as sharesand cash deposits. It include5 dividends and interest. it is included when the amount can be measured reliably. Inieresi income is recognised using the effective interest method and dwidend income is recognised as the chariWs ri8ht to receive payment is established. THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTES TOTHE FINANCIAL STATEMENTS (coKfiNUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountin% polths Iconilnuedl 1.5 Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a le8al or constructive obligatson to make payrnents to third parties. it is probable thatthe settlementwill befequifed andthe amountof the oblig*ion can be measured reliably. It is categorise(l under the following headinBs.' Expenditure on charitable activittes include5 the costs inturred in the management of its varSous projects and activities; and Qthtr expenditurÈ represents those items not fallina intothe cate8ories above. IrrecovefableVAT is charged a5 an expenst against the attivity lor which expenditure arose. Support costs are those ihai a$￿$t the work of the chority but do not dirertly repre5ellt charitablè actlvsiles and Include office costs. governance costs. adminisiraiive payroll costs. They are incurred directly in support ol expenditure on the objects of the charity and include project mana8ement carried ow ar Headquarter5. Where support costs cannot be dIr￿trY attributed to p¥rti¢ular hèadings they have been allocated io cost ol raisin8 funds and expenditure on tharitable activities on a basi5 ¢OnSlSttnt with use of the resources. An analys5s ol these costs is Included in note 7. 1.6 Tan8lble fixed assets Tangible fixed assets are inittally measured at cost and subsequenily measured at cost or valuation, net of depreciation and any impairment105ses. Depreciation is recognised SQ as to writt ofl thè cosi orvaluation of assets less their residual values over their useful lives on the lollowin8 base5: Freehold land and buiSdin85 Flxtures and fittin85 N¢t depre¢i*ed- see below IO% fedu(in8 balance The gain or loss arisln8 on the disposal of an asset 15 dètermined as the difference between the sale proceeds and the arryin8 value of the asset, and is reco8nised in ihe staremeni of financial a(ti¥¢ties. FrÈÈhold land and buitdin8s relates iothe charily'5 main premises at 11 White Friars. Chester, CHI INZ. The trustees have taken the decision not to depreci*e the property as the ￿timated useful ecorM)rnic life of the asset IS 50 lon8 that depreciatiorn would be immaterial to provide for in ihe accounts. 1.7 Fl¥ed ¥sset Investrnents Fixed asset investments are Initial￿ measured at transartion prKe excluding transaction Costs, and are subsequently rneasured at lair value at each reportin8 date. Chan8es in fair Value are recognised in net incomellexpenditurel lor the year. Tran5èCtion costs are expensed as incur*ed. 1.8 Impalrment offixed assets At each reporting end date, Ihe chariiy reviews the carrying ar￿Unts of it5 tan8ible a55etS to determine whether there is any indication that those assets have suffered an impairmeni loss. If any such indication exist5. the recoverable amount of the A￿et is estimated sn order to deterrninÈ the extent of the impairment loss lif any). THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTESTOTHE FINANCIALSTATEMENTS (CO￿lNuED1 FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng poll¢les (Continued) 1.9 Stocks Stocks are stated at the lower of cost an(1 estimated sellin8 price less costs to complete and sell. Cost comprises direct materials and. where applicable, dirett labour costs and those overheatls that have been incurred in bringing the 5t(Kks to their present Iocaiion and condition. ￿effl5 held for distribution at no or nom¢nal consideratK)n are measured the lower of replacement cost and co￿. Net realisable value Is the esiimated selltng pritè less all e5tTrmated Costs of Completion ond cost5 to be incurred in marketln& sÈllin8 and di5tributK)n. 1.10 Cash and cash eq￿lents Cash and cash eouivalents inclvdttash in hand. dtposits held at call with bank5. Other short-term liquid investments with ori8inal maturities of three monthsor l•M. and bank ovèrdrafts. Bank overd¥aft5 are shown within borrowings in current 1.11 Flnanclal Instwrnents The charity has elerted io apply ihe provisions ol Section Il'Basit Financial Instrumenis, and 5e¢tion 12 '0ther Finart¢ial Instruments Issues. of FRS 102 to all of its finan¢ial instruments. Flnancial instruments are re¢ognised in the charity's balance sheet when the charity becomes party to the contractual provlslons of the instrument. Financial assets and liabiliti￿ are oflsei, with the amounts presented in the financial statemènts. when there Is legally enforceable ri8ht to set off the re(08nised amunts and there is an Intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 8osl¢llnanclolassets Basic financial assets, whlch I￿lude debtors and cash and bank balances, arè initially measured at Iransaction price includin8 iransactlon costs and are subsequèntly£arried at amortistd cost using the effettive interest method unless the rran8ement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a rnarket rate ol interest. Financial assetsclassified a5 receivablewithin one year are Dot amortised, 8gskflnun¢lolllobllitles Basic financial liabilities. includin8 ¢reditors and bank Iws are initially recognised at transartlon prlce unless the arrangèment constitute5 a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are noi amortised. Debt instruments are subsequently carrSed * amortrsed COSL usrn8the effe(tive interest rate method. Trade creditors are obligations to pay for 8[￿d5 or seryices that have bèen acquired in the ordinary Course of operations from suppliers. Amounts payable are classilied as current liabilitie5 if payrnent 15 due within one year or less. If not. they are presented as llon4urrent liabilities. Trade creditors are recognised initially at transaclion price and subsequently measured at amortised cost using the effective interest method. Derecognition olfinrynciulbobi1th5 FSnancial liabilities a￿￿treCOgnIsed when thecharitl5 contractual obligations expireor are discharged or cancelled. I.IZ Employee bentffts The cost of any unused holtday entitlement is reco8nised in the period in which the employee's services afe received, where material. 10- THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountin8 poIKles Icontlnuedl 1.13 Retlrernent benefft5 Paymentsto defined Contrib￿lOn ietirement benefrt schemes are char8ed as an expense as they fall due. 1.14 Tax The charity is an exempt charity within the meanin8of schedule 3 of ihe Charities Act 2011 and is considered to pass the tests sei out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company lor UK corporat6on lax purposes. Crltlcal attount1￿ estlm•ies andlud8ements In the application ol the charity's accountin8 policies, Ihe irustees are requifed to rnake jud8ements, estimates and assumptions èbout the carrying amouni of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 art based on historical experience and other factors that are considere¢J to be relevant. Actual results may differ from thes¢ esiimates. The estimates and underlyin8 3s5umptK)n5 are reviewed on an on8oin8 basis. Revisions to accounting estimates ale recognised in the period in which the estimate is revised where the revision affects only that period, or in the period ol the revision and fvture period5 whefe the revision alte(ts boih current and future periods. Income from don•tlons and lrya¢le5 Unrèrtrlrted funds 2025 Unrestrkted fund5 2024 DonatSon5 and gifts 6,809 In¢omefrom charttoble •c¢lvbtles Ch•ritabfe Intome Ch•rltable In¢ome 2025 2024 Income from charitable attwities 140,635 148,324 Anafysls byfund Unrestricted funds 140,635 148,324 THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTESTOTHE FINANCIALSTATEMENTS (COIrnNUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2025 Incomefrom n The charity is exempt from taxation on its activitie5 becav5e all its intome is applied fof charitable purposes. Tan8lble fixed •ssets Fr•*hoJd F1*1Urns an •rrftbyW Tolal At l October 2024 25.yg 21.049 46.598 At 30 september 2025 25.549 21.049 46.598 Depfedatl¢)n and Impbm*ni At l October 2024 21,049 21,049 At 30 September 2025 21,049 21,049 C•rryln8 amount At 30 September 2025 25,549 25,549 At 30 September 2024 25,549 25,549 13 Fl¥ed ¥5set Investrnents L15ted Investments Cost or y•￿atIOn At l October 2024 Valuation change5 194.148 9.216 At 30 September 2025 203.364 carryi￿ •mount At 30 September 2025 203.364 At 30 Septembef 2024 194,148 FIMed a55et Investrnents re¥alued The historical c05t of investments is E172.94912024- £172.8201. All invesiments are valued at the traded markèt value at the balance She￿ date. 15- THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Stocks 2025 2024 Finished goods and goods for rèsale 2,507 15 Oeth+XS 2025 2024 Amounts hlllnl due wlthln one >*•r. Prepayments and accrued tncome 15.Q32 12.720 Credltors: amounts I•ll1￿ due wlthln one 2025 2024 Other taxatlon and soclal security Other creditors Accruals and deferred SncorT 8,975 14.6 13,209 11.6 24,029 24.815 17 Retjrement benefftxtrwnes 2025 Z024 D*fined ¢Ont￿￿tIOn sthtmes Charge to proftt or loss in rèspect of defintd contribution sthtmes 146 The charity oper*es a defined contribution penslon scheme for all qvalifyin8 employees. The assets of ihe scheme are held Separately from those of the charity in an independently admsnistered fund. 18 Unrestrlrtedfunds The unrestricted funds ol the charity comprise the unexpended balances ol donations and grants which are not subject to specific conditions by donors and grantors asto how they may be used. These include designated funds which have been set aside out ol unrestricted funds by the trustees for specific purposes. At l Ortober 2024 IrKornlr Re50urcesGalns and1055es At30 September 2025 General lunds 6W,403 164.923 1152.6321 9,087 701,781 ifj- THE CHESHIRE FEDERATION OF WOMEN'S INSTITUTES NOTES TOTHE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Vnreslrlcted lunds Icontlnuedl Prevlous ye¥r. At l Ortobei Incoming R¢50urcesGalnsand losses At30 Septembtr 2024 General funds 636.571 168,223 1144.6301 20.239 680,403 19 Related pgrty tr•n5actlon5 Tr¥ns•rtk+nswbth related partk¢5 Duringthe year the charity entered intothe lollowinetransartion5 With related parties.. During the year the company reimbursed trustees. expenses amounting to £11.59)12024- £13,590). The number of trustees who received expènses during the year was 1312024 - 131. The expenses were for travel and purchases madt on bèhalf of the company durin8the year. 17-