REGISTERED COMPANY NUMBER.. 03675104 (England and Wales)
REGISTERED CHARITY NUMBER.. 1076283
Lancashire Federation of Women's Institutes
Report of the Trustees and
Unaudited Financial Statements
For the year ended 30 November 2024
Mcmillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Lancashire Federation of Women's Institutes
Contents of the Financial Statements
for the year ended 30 November 2024
Page
Report of the Trustees
Independent Examiner's Report
10
Statement of Financial Activities
11
Balance Sheet
12 to 13
Notes to the Financial Statements
14 to 19

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
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 30 November 2024. 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 1021 (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects of the Wl
The main purposes of the Women's Institute organisation are to enable women who are interested in issues
associated with rural and urban life {including the arts, crafts and sciences) to;
improve and develop conditions of rural and urban life,
to advance their education in citizenship,
to question in public both national and international issues,
to promote learning and skills in music, drama, other cultural subjects, home economics and handicrafts,
to promote learning and skills In all branches of agriculture, health and social welfare.
It seeks to give women the opportunity of working together through the Wl organisation and of putting into
practice those ideals for which it stands.
The aims of Lancashire Federation of Women's Institutes (LFWII are to open new Wls and recruit new
members whilst at the same time providing existing members with a range of educational and recreational
activities together with learning opportunities. Through the work of the Wl Advisers (who are LFWI
members and who have received training from NFWI) it assists members in the sound running of their W.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Charity's aims and objectives.
Page 1

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
OBJECTIVES AND ACTIVITIES
Significant and Charitable activities
The Trustees agree that LFVVI has again achieved significant goals and moved forward for the benefit of its
members. The LFWI have focused on delivering the aims and objectives to its membership and continues
to strive to both retain and attract new members to the organisation.
The Trustees are currently introducing a new system to further improve the communication with Wls in
Cluster groups around the Federation. This work is ongoing and will include free workshops to train new
and existing officers. We will offer some more help for Wls to run efficiently and effectively as well as
bringing Wls together socially. The rationale behind the cluster groups is due to the wide geographical area
of the Federation and its diverse membership.
The Annual Council meeting was held in April at the Lowther Pavilion Theatre in Lytham. It was attended by
450 members and invited guests. Alongside the main business meeting the members learnt about the work
of the Lord Lieutenant of Lancashire.
Mrs Amanda Parker JP of Browsholme Hall is the King's
representative at official engagements in our County. Several members also spoke about their life
experiences. For the first time, LFWI held a Makers Market within the venue, where members could display
and sell their homemade crafted items. The meeting closed with an enjoyable performance by the musical
duo Pink Vintage.
The NFWI Annual meeting was held at The Royal Albert Hall in London in June. Attendance for both
delegates and observers was offered in person and virtually. LFWI provided 30 in-person delegates and 8
virtual delegates, and many observers tuned in virtually. The theme of the meeting was "No more violence
against women" which is an ongoing campaign by NFWI. The speakers were Nazir Afzal OBE. Melanie
Brown of The Spice Girls who was interviewed by Victoria Derbyshire, and Timothy Watson who played an
abusive husband in the long running Archers radio programme.
The chosen Resolution for 2024 DENTAL HEALTH MATTERS" was debated and voted on by the delegates
from all Wls in England and Wales. The Resolution was passed, and work will be undertaken to take the
resolution forward.
In July, LFWI had a presence at the Chorley Flower Show over a three-day period. With a stall centred
around the theme of 'Save the Honeybee, a previous Wl resolution and campaign, Board members
represented LFWI, spreading the word about the Wl and what it can offer women in the area. As a result,
many new enquiries were followed up by the membership support team which resulted in new members.
LFVVI Chair Heather Williams and Treasurer Lynda Williams attended the virtual National Council Meeting
held at the beginning of November. They gained valuable information about the current Strategy to move
the organisation forward and news about the Learning Hub, Education Grant scheme and Constitutional
review updates.
Lancashire Day is always an important date in the LFWI calendar and is traditionally held on 27th November.
Celebrations were held in Southport where members enjoyed a Lancashire themed afternoon tea and
entertainment.
The NFWI and LFVW both actively seek to influence legislators and decision makers, specifically with regard
to climate change and other matters of the environment which are of concern to Wl members. Both are
affiliated to the Associated Country Women of the World organisation.
Page 2

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
ACHIEVEMENT AND PERFORMANCE
TEAM Activities
Educational and recreational activities were organised by the sub-committees as follows..
COOKERY & CRAFT TEAM
I'make and Create" from 2025)
Chair- Linda Hayes - Lowton Wl
The Cookery & Craft Team is committed to the education and enjoyment of members by offering a wide
variety of classes.
In the last ￿e1ve months, the team has organised a selection of courses including Stumpwork, Applique,
Lace Making. Willow Weaving, Pearl Knotting, Advanced Sewing, Wet Felting, Beginners Embroidery, and
Christmas sugar craft.
The classes have been well attended and have ranged from entry-level and beginners to more advanced
skills. Whilst most of the events have taken place within the Wl Office training room, the team is committed
to finding suitable venues at various locations throughout the Federation, in order that members can more
easily access the courses available.
SHOWCASE TEAM
Chair- Melanie Blackwell Woodplumpton Wl
This year saw a departure from previous years, with a new format and a new venue for our usual County
Show.
The Showcase was held at Chorley Town Hall where good transport links and a more central location made
the event more accessible to members and also, being a bustling town centre, there was more footfall.
The event was held in September and members were given the opportunity to enter their work in a wide
variety of arts and crafts classes with the theme of 'Under the Sea,. There were also classes for
non-members and children. With over 500 entries, the Town Hall was transformed into a colourful display of
crafted items, athork, and illustrated prose. Some were judged by NFWI judges, and in a departure from
previous years, more were judged by members of the public which gave an inclusive and fun feel to the day.
Alongside the displays, Wl members demonstrated their various skills to visitors, which included beading and
patchwork. There was also a very popular floral tombola stall and a stand displaying some of the
Federation archives, which members found very interesting.
The charity item for this event was to create blankets for the Project Linus Charity. This charity provides
security, warmth and comfort to children who are sick, disabled, disadvantaged or distressed and these have
now been distributed within the Federation area.
The Board invited the mayor and mayoress of Chorley and trustees from neighbouring federations.
Page 3

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
LIFESTYLE TEAM
Chairman - Joan Randall - Rainford Wl
The Lifestyle Team organised a variety of events, to suit all tastes, throughout the year.
A local author gave us many ideas about how to make a start Writing that Book" The Team then gave
sessions on "How to Play Whist" with a follow up session on "Improving Your Whist" These sessions were
very popular and some Wls have now started their own sub-groups.
A walking tour around Liverpool learning about inspirational women who helped shaped the history of the
region took place in April, followed in May by a tour of the St. Helens Glass Museum which included a glass
blowing demonstration.
The Team also aims to deliver opportunities to engage in cultural activities and a visit to the "Shakespeare
North Playhouse" in Prescot Merseyside, fulfilled this remit.
PUBLIC AFFAIRS TEAM
Chair- Pamela Coates - Croston WE
In March a successful International Day was held in Samlesbury Memorial Hall featuring New Zealand.
presentation was given by one of the Climate Ambassadors about geographical features and climate. Other
activities involved Maori art, wine lasting and storytelling.
During the Summer months, free 'Friendly Friday, sessions were organised, making members aware of
trading standards, computer and telephone scams, phishing, and the dangers involved. Professional
speakers were able to give valuable advice and raise awareness.
In November, the team facilitated a free session on Basic First Aid, partnering with a local company and this
included training in the use of a defibrillator.
EDITORIAL TEAM
Chair - Emma Gillinder - Tarleton W
This is the third year of the digital edition of Red Rose News and it is carrying on with the success of the
previous two years and will have produced six issues by the end of the year. The newsletter will continue to
be distributed to each Wl digitally and free of charge.
The aim of the Red Rose News is to educate and entertain the members and inspire other Wl's to try a range
of new speakers and topics, sharing ideas throughout the membership.
We are receiving some unique and entertaining articles from the Wl's and their sub-groups about speakers,
activities and visits, supplemented by photographs. These have been enhanced by stand alone articles
from individuals, Teams and the recipe and science contributions, as well as the graphics which add a
finishing touch to the pages and offer members an entertaining and easy read.
Page 4

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
MEMBERSHIP SUPPORT TEAM
Chair- Ruth Grimley- Rainhill Wl
This team of eight NFWI trained Wl members is responsible for helping, advising, training, and supporting Wl
Officers and members in the successful running of their Wl's. Team numbers were reduced to four at the
end of October 2024.
Advisers carried out their role with telephone calls, by email and travelling across the Federation for
face-to-face meetings with the committees and Wl meetings.
Our web pages have been updated and our details, profiles and allocated Wls are easily seen by members.
An article in each edition of Red Rose News is also produced on subjects that are topical for members.
Advisers delivered training sessions for Wl Officers in January, February and March. These were well
attended, and evaluations were very positive. They helped to reinforce that Advisers were in a position to
help and support members. Additionally, training workshops were also organised specifically for committee
members and others to assist Wls better understand their roles and responsibilities in relation to the national
legislation we must adhere to.
A number of our Wl's are holding waiting lists to join, as facilities are up to a maximum number.
Throughout the year we have responded to numerous requests for membership of the Wl by directing
prospective new members to their nearest Wl. Women are telling us they want to make friends and learn
new skills.
Seven Wls were suspended during the year, due in the main to members not being willing or able to take on
officer roles, but we are pleased to report that six new formations have occurred.
Fundraising activities & Investment performance
Looking ahead, the overall social and economic outlook remains unsettled. There are concerns over how
long and how deep the effect of the conflicts in Ukraine and the Middle East will have on both people and
organisations for the coming year and possibly beyond. There are worries over inflation and the cost of
living plus future levels of personal, disposable incomes.
Putting all this together, it reinforces the benefits of maintaining a prudent and safe investment portfolio
consistent with the investment objectives of the Trustees. Overall the Trustees are satisfied with the
positioning of the funds available to LFWI in the year. So whilst increasing interest rates have benefitted
LFWI by increasing the return on our investments, there has been a corresponding increase in the cost of
living for both us and our members as we all need to spend quite a bit more just to buy the same as we did
last year.
Internal and external factors
There are many internal and external factors which will affect the future performance of the Charity. The
Trustees are well aware of this and regularly review the strengths ancl weaknesses of the Charity.
Without going into every single possibility there are certain factors which will impinge upon both the present
and future and these include.,
the conflicts in both Ukraine and the Middle East and the affect on commodity and food prices etc. and any
resultant inflation,
any disruption to the way we live our lives or conduct events due to Covid or any other such emergency
that may arise in the future,
uncertainty and movement in stock markets and interest rates which leads to future unpredictability over
both investment returns and also personal disposable incomes,
and lastly the Charity is always under pressure on the recruitment and retention of members and
particularly Wl officers.
Page 5

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
FINANCIAL REVIEW
Principal funding sources and underlying performance
LFWI is a membership-based organisation and consequently, as in previous years, it derives its main source
of income from membership subscriptions and from activities organised for members. Whilst there are
certain anticipated fluctuations in both income and expenditure year on year, these have also been affected
by both economic and world factors. Putting all this together, and with recent member numbers being
largely stable, the performance over the last few years is as expected.
The Board of LFWI is mindful that although performance is stable, they should continue to spend wisely and
exercise prudence. On a positive note, the good management of investment funds, combined with rising
interest rates over the past years, has seen a much better return on the funds held on deposit.
Investment policy and objectives
The Board of Trustees has the power to invest funds in such stocks, shares, investments, property or bank
deposits in the UK as they see fit and in accordance with the Memorandum and Articles of Association, the
Wl Constitution and Charities legislation. The Trustees consider social, environmental and ethical criteria
when managing the funds of LFWI. They would not wish to hold any investments or deposits that knowingly
could be to the detriment of the Wl generally, although they are mindful that one of their prime duties is a
financial one.
The Trustees have agreed to pursue a policy of low to medium risk to protect the capital value of the long
term bank deposits held as investments. The Trustees appreciate that this will produce only a moderate
return to provide an income for the Federation but do not wish to subject the capital available to the
unpredictability of the markets.
Reserves policy
LFWI requires reserves to allow it to continue to work in the event of unforeseen disruption to income
streams. The Trustees consider holding unrestricted reserves equivalent to be￿een six and ￿e1ve months
to be optimal. At present the unrestricted funds, excluding funds on long term deposit to generate an
investment return, stand at the equivalent of approximately 12 months expenditure. This policy is reviewed
by the Trustees annually.
The funds in the financial statements are defined as..
Unrestricted Fund - General Fund
This fund is unrestricted and is used for all charitable purposes without restriction in accordance with the
governing documents. This fund includes a balance of £160,404 12022.. £160.404) transferred from The
Lancashire Federation of Women's Institutes Fund {which arose on the incorporation of the charity).
Restricted Fund - Joy Morgan Bursary
Joy Morgan was an active Lancashire member with a passion for Denman College. After her death she left
a bequest in her will for sums to be used as a bursary to assist members to attend Denman College courses.
As Denman College has now closed, it has been agreed, in consultation with the Executors, that this bursary
will now be used to assist members in taking educational courses organised by LFWI which it is felt will
reflect the original legacy. The amount held in this bursary fund is £3,64412023.' £3,465).
Restricted Fund - Broughton Wl Bursary and Fulwood Bursary
This fund was bequeathed to LFWI by a now deceased member with the purpose of providing annual
bursaries to attend courses at Denman College. As Denman College is now closed, these courses can be
taken through LFWI and other educational organisations. A member of Broughton Wl and a resident of
Fulwood can apply for a bursary each year. The amount held in this bursary fund is £5,63012023.. £5,551).
Funds in Deficit
At the year end there were no funds in deficit.
Page 6

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
FUTURE PLANS
The Board of Trustees will continue to make every effort to search out geographical venues for new Wls and
provide learning and training opportunities for members in a wide variety of subjects and where possible to
allow all members to play as full a part as possible in areas where LFWI can have an input.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
LFWI is a company limited by guarantee, as defined by the Companies Act 2006 and is controlled by its
governing document, the Memorandum and Articles of Association. In the day to day running of LFWI the
Trustees comply with the VVI Constitution.
Organisational structure
All Women's Institutes (Wlsl are affiliated to a County or Island Federation. At the present time there are
151 (2023.. 152) Wls, with a total of 6,136 (2023.. 6,103) members affiliated to the Lancashire Federation of
Wls. The area covers Tunstall in the north to Halewood in the south and Blackpool in the west to
Saddleworth in the east.
Each Wl is responsible for its own financial affairs. The financial statements of LFWI include only those
transactions relating to LFM and not to the financial activities of local IMS.
There is a triennial election for members of the Board of Trustees {the Board) which consists of up to Iwelve
members who represent all Wls. The Board also has the power to co-opt up to four further members. Any
paid-up member is eligible for nomination provided she is not a salaried member of LFWI or a Trustee of any
other Federation. The election is conducted by postal ballot. The Officers of the Board are elected
annually to the Board as soon as possible after the Annual Council meeting.
At a special Board Meeting on 18 April 2024 Heather Williams was elected Chairman, Lynda Williams was
elected Treasurer and Melanie Blackwell and Pamela Coates were elected Vice-chairmen. The other
Trustees serving on the Board are Patricia Forder, Emma Gillinder, Ruth Grimley, Linda Hayes, Alice
Marquis-carr and Joan Randall.
The Board of Trustees meets monthly to make any policy decisions and discuss the smooth running of
LFWI. They are also responsible for the sound financial running of LFWI including setting reserve policies
and the investment policy.
During the year under review there was one part-time member of staff, Diane Jenkins. Diane is both
Federation and Company Secretary and is responsible for the day to day running of the office and
administrative affairs together with keeping the primary financial records.
The organising of some events is delegated to certain sub-committees which are appointed by the Board of
Trustees biennially.
The LFWI is affiliated to the NFWE.
Recruitment, induction and training of new trustees
Vvhen recruiting, inducting and training new trustees, the Charity follows the principles as set out in the Wl
Constitution. Trustees are given the opportunity to receive training from both LFVW and NFWI during their
term of ofFice.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03675104 (England and Wales)
Registered Charity number
1076283
Page 7

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
Registered office
8 Croston House
Lancashire Business Park
Centurion Way
Leyland
Lancashire
PR26 6TU
Trustees
PSV Coates
R L Grimley
H Williams
LM Williams
PE Forder
J Randall
M J Blackwell
LJ Hayes
EE Gillinder (appointed 131412024)
AR Marquis-carr {appointed 131412024}
Company Secretary
E D Jenkins
Independent Examiner
Mcmillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA
Advisers
Principal Bankers
Virgin Money l Yorkshire Bank
2 - 4 Abingdon Street
Blackpool
Lancashire
FY12DR
FUNDS HELD AS CUSTODIAN FOR OTHERS
The Charity does not hold any funds as a custodian.
PEOPLE
The Board of Trustees values the contribution made to LFWI by its members and both its paid staff and
volunteers and considers that good communications and relationships with its members to be very important
and makes relevant information available to all.
Page 8

Lancashire Federation of Women's Institutes
Report of the Trustees
for the year ended 30 November 2024
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 28 March 2025 and signed on its behalf by..
H Williams - Trustee
Page 9

Independent Examiner's Report to the Trustees of
Lancashire Federation of Women's Institutes
Independent examiner's report to the trustees of Lancashire Federation of Women's Institutes I'the
Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30 November 2024.
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(51 (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 lapplicab5e to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021).
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.
DA Rogerson FCCA, BFP, ACA
Mcmillan & Co LLP
Chartered Accountants
Date: 28 March 2025
Page 10

Lancashire Federation of Women's Institutes
Statement of Financial Activities
for the year ended 30 November 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Activities of the Federation
Investment income
118,982
10,043
118,982
10,501
108,936
7,649
458
Total
129,025
458
129,483
116,585
EXPENDITURE ON
Charitable activities
Activities of the Federation
Other
114,566
1,000
114,566
1,200
113,510
200
200
Total
115,566
200
115,766
113,710
NET INCOME
13,459
258
13,717
2,875
RECONCILIATION OF FUNDS
Total funds brought forward
245,510
9,016
254,526
251,651
TOTAL FUNDS CARRIED FORWARD
258 969
9,274
268,243
254,526
The notes form part of these financial statements
Page11

Lancashire Federation of Women's Institutes
Balance Sheet
30 November 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
4,967
4,967
6,546
CURRENT ASSETS
Debtors
Cash at bank
4,223
269,553
4,223
278,827
3.936
273,480
273,776
9,274
283,050
277,416
CREDITORS
Amounts falling due within one year
10
119,774)
119,774)
{29,436}
NET CURRENT ASSETS
254 002
9,274
263,276
247,980
TOTAL ASSETS LESS CURRENT
LIABILITIES
258,969
9,274
268,243
254,526
NET ASSETS
258,969
9,274
268,243
254.526
FUNDS
Unrestricted funds
Restricted funds
258,969
9,274
245,510
9.016
TOTAL FUNDS
268,243
254,526
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 30 November 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
30 November 2024 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
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 othemise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
(b)
The notes form part of these financial statements
Page 12
continued...

Lancashire Federation of Women's Institutes
Balance Sheet - continued
30 November 2024
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 28 March
2025 and were signed on its behalf by..
LM Williams - Trustee
The notes form part of these financial statements
Page13

Lancashire Federation of Women's Institutes
Notes to the Financial Statements
for the year ended 30 November 2024
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.
The presentation currency of the financial statements is the Pound Sterling (£1 and the amounts in the
financial statements have been rounded to the nearest £1.
Financial instruments
Financial instruments are recognised when the entity becomes party to the contractual provisions of
the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are
initially measured at transaction price and are subsequently carried at cost unless the arrangement
indicates otherwise and then the asset is measured at the present value of the future receipts
discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals,
and any borrowings, are initially recognised at transaction price and are subsequently carried at cost
unless the arrangement indicates otherwise and then the liability is measured at the present value of
the future obligations discounted at a market rate of interest.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Fixtures, fittings and computers
at variable rates on reducing balance
Taxation
The charity is exempt from corporation 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
Report of the Trustees.
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.
Page 14
continued...

Lancashire Federation of Women's Institutes
Notes to the Financial Statements - continued
for the year ended 30 November 2024
INVESTMENT INCOME
2024
2023
Bank interest receivable
10,501
7,649
NET INCOMEI(EXPENDITURE
Net incomel{expenditure) is stated after charging/lcrediting)-.
2024
2023
Depreciation owned assets
1,579
2,484
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30 November 2024 nor for
the year ended 30 November 2023.
Trustees, expenses
2024
2023
Trustees, expenses
2,921
2,789
STAFF COSTS
The average monthly number of employees during the year was as follows..
2024
2023
Administrative, secretarial and finance
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Activities of the Federation
108,936
108,936
Investment income
7,293
356
7,649
Total
116,229
356
116,585
EXPENDITURE ON
Charitable activities
Activities of the Federation
113,510
113,510
Other
200
200
Total
113,510
200
113,710
Page 15
continued...

Lancashire Federation of Women's Institutes
Notes to the Financial Statements - continued
for the year ended 30 November 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
Total
funds
NET INCOME
2,719
156
2,875
RECONCILIATION OF FUNDS
Total funds brought fomard
242,791
8,860
251,651
TOTAL FUNDS CARRIED FORWARD
245,510
9,016
254,526
TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
computers
COST
At 1 December 2023 and
30 November 2024
31,338
DEPRECIATION
At 1 December 2023
Charge for year
24,792
1,579
At 30 November 2024
26,371
NET BOOK VALUE
At 30 November 2024
4,967
At 30 November 2023
8,546
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
VAT
Debtors, prepayments and
payments for future events
300
2,813
766
2,622
1,110
548
4,223
3,936
Page 16
continued...

Lancashire Federation of Women's Institutes
Notes to the Financial Statements - continued
for the year ended 30 November 2024
CASH AT BANK
2024
2023
Broughton
Wl and
Fulwood Joy Morgan
Bursary
Bursary
General
fund
Total
funds
Total
funds
Bank current accounts
Bank deposit accounts
40,966
228,587
3,644
44,610
234,217
27.728
245,752
5,630
Total
269,553
5,630
3.644
278,827
273,480
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Creditors, accruals and receipts for future events
Social security and other taxes
19,155
619
28,818
618
19,774
29,436
11. MOVEMENT IN FUNDS
Net
movement
in funds
At
30111124
At 1112123
Unrestricted funds
General fund
245,510
13,459
258,969
Restricted funds
Broughton Wl and Fulwood Bursary
Joy Morgan Bursary
5,551
79
5,630
3,465
179
3,644
258
9,274
TOTAL FUNDS
254,526
13,717
268,243
Page 17
continued..

Lancashire Federation of Women's Institutes
Notes to the Financial Statements - continued
for the year ended 30 November 2024
11.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
129,025
(115.566>
13,459
Restricted funds
Broughton Wl and Fulwood Bursary
Joy Morgan Bursary
279
(200)
79
179
179
458
258
TOTAL FUNDS
129,483
115,766
13,717
Comparatives for movement in funds
Net
movement
in funds
At
30111123
At 1112122
Unrestricted funds
General fund
242,791
2,719
245,510
Restricted funds
Broughton Wl and Fulwood Bursary
Joy Morgan Bursary
5,527
24
5,551
3,333
132
3,465
8,860
156
9,016
TOTAL FUNDS
251,651
2,875
254,526
Page18
continued...

Lancashire Federation of Women's Institutes
Notes to the Financial Statements - continued
for the year ended 30 November 2024
11.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
116,229
(113,510)
2,719
Restricted funds
Broughton Wl and Fulwood Bursary
Joy Morgan Bursary
224
1200)
24
132
132
356
156
TOTAL FUNDS
116,585
113,710}
2,875
Further explanation on the nature and purpose of each fund is included in the Report of the Trustees.
RELATED PARTY DISCLOSURES
12.
There were no related party transactions for the year ended 30 November 2024.
Page19