REGISTERED COMPAW NUMBER.. 03675104 (England and Wales) REGISTERED CHARIry NUMBER". 1076283 Lancashire Federation of Women's Institutes Report of the Trustees and Unaudited Financial Statements For the year ended 30 November 2025 Mcmillan & Co LLP Chartered Acwuntants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chortey Lancashire PR7 7NA
Lancashire Federation of Women's Institutes Contents of the Financial Statements for the year ended 30 November 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities 10 Balance Sheet 11 to 12 Notes to the Financial Statements 13 to 18
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2008, present their report with the financial statements of the charity for the year ended 30 November 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Ststemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}- OBJECTIVES AND ACTIVITIES Objects of the Wl The main purposes of the Women's Instrtute organisation are lo enable women who are interested in i5sue5 associated with rural and vrban life (including the arts, crafts and suencesl to", improve and develop conditions of rural and Uan life. lo advance their education in cib'zenship, lo question in public both national and intem2tion21 issues. lo promote learning and skills in music. drama, other Cultural subjects, home economics and handicrafts, lo promote learning and skills in all branches of agricuAure, health and social welfare. It seeks to give women the opportunity of working together through the Mn organisation and of putting into practice those ideals for which il stands. The aims of Lancashire Federation of Women's Inslilules ILFWI are lo open new VWS and recruit new members whilst at the same lime providing existing members with a range of educational and recreational activities together wlh learning opportunities. Through the work of the Wl Advisers (who are LFv members and who have received training from NFWI} it assists members in the souno running of their W. The trustees confirm that they have referred to the guidan contained in the Charity Commission's general guidance on public benefit when reviewing the Chafrty's aims and objectives_ Page 1
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 OBJECTIVES AND ACTIVITIES Significant and Charitable a¢tlvltles The Trustees agree that LFW has again achieved signfficant goals and moved forward for the benefit of its members. The LFVW has focused on delivering the aims and objectives to ils membership and continues to strive to both retain and attract new members to the organisabon. in this our 105th Year. The Trustees have eontinued with Ihe system to fvrther improve the communication with Ws in Cluster groups around the Federation area. This work is ongoing and as well as free workshops to train new officers, we have offered some more help for Ws lo run efficiently and effectively, as well as bringing Ws I(ether socially. Feedback ha5 informed us that Wis benefitted greatly from the cluster inib'ative. The rationale for the Cluster groups stems from the Federalion's wide geographical area and diverse membership. Earlier in the year. the New Proposed NFW Constitution was discussed to help members make an informed choice. It was adopted at the NFW Annual meeting and in July a meeting was held on zoom lo adopt the Articles of Association for LFWI. The Annual CoLtncil 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 Helen Pankhurst CBE, the greal-granddaughler of Emmeline Pankhurst and granddaughter of Sylvia Pankhurst, who were both leaders of the Suffragette Movement. She is a British Women's Rights activist, scholar. and writer, and told us about her role and experien$. Several members also spoke about their life experiences. Vve again held a Makers Malkel within Ihe venue, where members could display and sell their homemade. crafted items. The NFIM Annual meeting was held virtually with 38 delegate5 and many obseryers tuning in. The main business was completed, and the vote lo adopt the Revised Constitution was taken and carried. The main speakers al the meeting were the entrepreneurs Emma Bridgewater and Angel Strawbridge. The chosen Resolution for 2025. "Bystanders can be Lifesavers" was debated and voted on by the delegate5 from all Wls in England and Wales. The Resolution was passed unanimously. and work will undertaken to lake the resolution forward. In July. LFWI had a presence at the Rochdale Rotary Cla55ic Car show with inforrnation about previous Wl resolutions and campaigns. Board members and Advisers represented LFWi. spreading the word about the IM and what it can offer women in the area. In the summer, we held our second Educational Residential break at Higham Hall in Cumbria, where members were able to access expert tuition in crafts or enjoy a tour of Lakeland Gardens. In June one hundred members attended a lascinating tslk by Frances Carlow on the history behind Queen Elizabeth I pearl necklaces. September saw us celebrating LFW'S 105th Birthday with a Gala Dinner enjoyed by members al Barton Grange Hotel. This milestone anniversary celebrated the role the Federation has played Since 1915 in advancing the educat'on, skills and learning opportunities available to member5 across the region. The accompanying Archive Showcase, held at the LW offices, provided visiting members with an opportunity to review the wort undertaken by trustees and volunteers over the last 105 years to further the W objects. LFIM Chair Heather Williams and Treasurer Julie McAulay attended the virtual National Council Meeting held al the bInning of November. They gained valuable infomialion about the current Strategy lo move the organisalion forward, promises from NFWI to all members and news about the Leaming Hub. Education Grant scheme and review of Wl Lrfe. Page 2
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 Lancashiie Day is always an important date in the LFW calendar and is traditionally held on 27th November. Celebrations were held in Southeast Lancashire in Rochdale this year, where members enjoyed a Lan¢ashire Cheese Themed tasting Lunch. We strive lo serve all our members and keep them informed and updated to acts.vely influenee legislator5 and decision makers. TEAM Activltles Educational and recreational activities were organised by the sub-committees as follows.. MAKE AND CREATE TEAM Chair - Alice Marquis-carr, Ansdell and Fairhaven IM The Make and Create Team started the year with 8 new membership and with the energy and enthusiasm to continue the education and enjoyrnenl of members by offering a wide variety of classes and events al CTOSton House. In the last twelve months, the team has organised a selection of courses including Kumihimo. Floral Arrangements. Mosaic Workshop. Bramble Bear Workshop. Patchwork and Slow Stitching. Within the year, a questionnaire asking for ideas and subjects for courses was distr5buled to all Vws. The results of this will form the basis for the schedule next year. The classes have been wel5 attended and have ranged from enlry-level and beginner to more advanced skills. Vvhilsl most of the events have taken place within the Wl Offi'ce training room, the team continues to be committed lo finding suitable venues al varioijs locations throughout the Federation, so that Members can more easily acces5 the courses available. In addition, as some ¢our5es are very popular, there has been a decision made to repeal some subjects to loW greater esS for nre members. PUBLIC AFFAIRS TEAM Chair- Patricia Forder, Hutton & HowicklLeyland Ws In March, a successful Intemational Women's Day was held in Parbold W Hall, wlh an interesting and amusing presentation on 'Lancashire Lasses., featuring some very famous women trom the world of entertainment. The day concluded with a performance by the Part#)Id Ladies Ukulele group. The tenure for the new Public Affairs team commenced in January, with their first event being a'Friendly Friday. in May, when the work of the ACWW was explained. Following a suggestion trom the Board of TrLJStees to consider actions resulting from previous Resolutions, an event took place in October with regard to Clean Rivers, with an update from the CEO of the Ribble River Trusi and a shon presentation from memtsers of Roe Green Wl Wild Swimming group. Future plans the Re501ution5 Officer will be organising another Friendty Friday in April, after the 2026 Resolution is announced, in order to help W15 Wlth Iheii discussions prior lo the vote. Plans are well underway lo celebrate Inlemational Day in July, featuring the culture, traditions and food of Denmark, and an Environmental Day is planned for October wrth a tour of the local Recycling Centre at Leyland. MEMBERSHIP SUPPORT Chair- Ruth Grimley, Rainhilu Burnley Wl This Team of 6 W Advisers concems itseff wth helping, advising, training, and supporb.ng Wl Officers and members in the successful running of their W. Advisers carried out their role with telephone calls, sending and answering emails, travelling across the Federation for face-to-face meèb'ngs with committees, and attending VW meetings. Women making enquiries about the W are initially dealt wrth by a dedicated ex Adviser who supports us with this important first contact. Our web pages have been kept updaled and our details. profiles, and allocated Wls are easily aGcessed by member5. Page 3
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 MEMBERSHIP SUPPORT- continued Training Sessions- Advisers delivered the Officers Workshops in January. February and March. These were well allended, and evaluations were very positive. They helped to re1nft)r that Advisers were in a position to offer help and support lo members. In July. Iwo se5Stons were scheduled for a refresh on the Equality, Diversity, and Inclusion Policy. An initiative to promote the work and raise the profile of the Board of Trustees. which commenced in 2024, continued in 2025. 'Cluslers' gave geographically located Wls the opportunity to meet up with a Board Member, Adviser, and an IFE to discuss mattets importanl to their Wl and to build up communications with surrounding Wis, and to leam from each other. The latest cluster meetings have been developed to be less formal and have been well received by W Members. Three Vvls were suspended during the year due in the main to members notwillinglable to lake on offIr roles. The third had a very small membership and was not financially viable following an increase in room hire costs. LEISURE & LIFESTYLE TEAM Chair- Sue HaIlell, Coppull Wl The Leisure and Lrfestyle Team commenced a new fvKpyear tenure in January 2025 and planned a varied range of events to cover our remit. which is to encourage members, interests in a variety of leisure pursuits and organise educationavrecreational visits to places of interest. Walking Treasure Hunts are aVayS a very popular event in our programme. and in May, we organised a morning and afternoon hunt around the picturesque and historic market town of Garstang. Later in the year, a self-drive visit lo Browsholme Hall in the Ribble Valley, the 16th-century home of His Majesty's Lord Lieutenant of Lancashire Amanda Parkerand her family, was enjoyed by many of our members. The team organised Iwo separate visrts lo the historic buildings at Stonyhurst College and Museum. exploring the rich history of the school, including the Elyzabethan era 'Slonyhursl Hall.. Walking tours of Manchester Cty Centre also proved very popular, wrth tsvo tours arranged to cope with the demand. Members were able lo view some of the lesser-known quirks of Manchester, such as the Vimlo sculpture and street art, alongskde Manchester music and the more tradth.onal sights. We finished the year with a fesb've Crazy Golf session. We are already planning our programme for 2026 and hope to encourage interest in pursUIts such as orienteering and archery. EDITORIAL TEAM Chair- Emma Gillinder, Tarlelon This is the fourth year of the digital edition of Red Rose News. Carrying on with the su¢cess of the previous three years, by the end of the year six issues will have been produced. These are available to view on the website and Faceb(x)k page and distributed free of charge to every Wl in the Lancashire Federation, as well as copies being sent to NFWI and other Federations. Page4
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 EDITORIAL TEAM-conb"nued Following on with the aims and objectives of the Wl, the main purwse of the Red Rose News is to edLJcale and inspire members, encourage them to ty a range of new speakers and topics, and share ideas throughout the membership. As aays, we have received some unique and entertaining articles from the Ws and their sub-groups about speakers, activities and visits, supplemented by photographs and have been delighted to see articles coming in from some of OUT new Wls. These have been enhanced by conln"butions from the various Teams such as recipe ideas as well as the graphics which add a finishing touch to the pages and offer rnembers an entertaining and easy read. Team membership has remained the same this year. and the team has once again worked hard to ensure the copy is prodUd promptly and includes as many contributions as possible from the membership. Fundraising actÉvities & Investment perforrnance Looking ahead, the overall social and economic oudook remains unsettled. There are significant concerns over how long the various conflicts throughout the wortd will continue and what continued impact this will have on both people and organisalions for the coming year and beyond. There are worries over Inflation and the C05t of living plu5 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 lo LFVW 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 lo spend quite a bil more Just to buy the same as we did last year. Internal and external factors There are many internal and extemal factors which will affect the future performance of the Charity. The Trustees are well aware of this and regularly reVW the strengths and weaknesses of the Charity. Wthout going into every single possibility there are certain factors which will impinge upon both the present and future and these include", the continuing conflicts in the world and the eftecl on commodty, food prices etc. and the resultant inflation, - any disruption to the way we live our lives or condtjct events due to emergencies that may arise in the future, uncertainty and movement in stock markets and interest rates which leads lo future unpredictsbility over both investment returns and also personal disposable incomes, and lastly the Charity is always under pressure on the recnjitment and retention of members and particularly officers. FINANCIAL REVIEW Prlnclpal fundlng sources and undertylng perforn)ance LFvill 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 rtain anticipated flu¢tualions in both income and expenditure year on year, these have also been affected by both economic and world fa¢lors. Putting all this together. and wrth recent member numbers being largely stable, the performanTr over the last few years is as expected. The Board of LFW is mindful that although perfomance is stsble. they should continue to spend wisely and exercise prudence. On a positive note. the gocxl managernent of investment funds, combined with rising interest rates over the past hvo year5. ha5 seen a much better retum on the funds held on deposit. Page 5
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 FINANCIAL REVIEW Investment policy and objectives The Board of Trustee5 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 V Constitution and Charities legislation. The Trustees consider social, environmental and ethical criteria when managing the funds of LFWI. They would not wish lo hold any investments or deposits that knowingly could be lo the delrimenl of the W generally, although they are mindful that one of their prime duties is a financial one. The Trustees have agreed lo pursue a policy of low to medium risk to protect the capital value of the long term bank deposits held as investments. The Truslees appreciate that this will produce only a moderate retum to provide an income for the Federation but do not wish to subject the capital available to the unpredictability of the markets. Reserves policy LFW requires reserves to allow il lo continue to work in the event of unforeseen disruption to income streams. The Trustees consider holding unreslricled reserves equivalent to beeen six and twelve months lo be optimal. At present the unreslricled fttnds. excluding funds on long term deposit to generate an investment return, sland al the equivalent of approximately 12 months expenditure. This policy is reviewed by the Trustees annually. The funds in the financial statements are defined as.. Unrestrlcted Fund - General Fund This fund is unreslricled and is used for 811 charttable purposes without restriction in am?rdance with the governing documents. This fund includes a ba5an¢e of £160,404 {2024.. £160,404) transferred from The Lancashire Federation of Women's Institutes Fund {which arose on the incorporab'on of the chartyl. Restricted Fund - Joy Morgan Bursary Joy Morgan was an active Lancashire member with a p3s5ion for Denman College. After her death she left a bequest in her will for sums lo be used as a bursary to assist members to attend Denman College courses. As Denman College has now closed. il has been agreed. in consultation with the Executors. that this bursary will now be used to as51sI members in taking educational Urse$ organised by LFWI which it is felt will reflect the original legacy. The amount held in this bursary fund is £3,49412024'. £3.6M}. Restricted Fund - Broughton Wl Burytsary and Fulwood Bursary This fund was bequeathed lo LFWI by a now deceased member with the purpose of providing two annual bursaries lo attend courses al Denman College. As Denman College is now closed, these courses can be taken through LFVM and other educational organisaD"ons. A member of Broughton VM and a resident of Fulwood can apply for a bursary each year. The amount held in this bursary fvnd is £5,669 {2024'. £5,630). Funds in Deficit At the year end there were no funds in deficit. FUTURE PLANS The Board of Trustees will contrnue lo make every effort to search out geographieal venues for new WSS and provide leaming and training opportunities for members in a wide variety of subject5 and where possible to allow all members to play as full a part as possible in areas where LFW can have an input STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming 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 LFW the Trustees comply with the Wl Constiluts"on. Page 6
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Organisational structure All Women's Institutes (Wlsl are affiliated to a County or Island Federation. At the close of the year there are 147 12024-. 1511 Wls, with a total of 5,871 12024.. 6,1361 members affiliated to the Lancashire Federation of )Ms. The area covers Tunstall in the north to Halewoc#Y in the south and Blackpool in the wesl to Saddleworth in the east. Each W is responsible for its own financial affairs. The financial statennIS of LFW include only those transactions relating to LFW and not to the financial acb"vities of local VVIS. There is a triennial election for members of the Board of Truslees {Ihe Board) which consists of up to fvlelve members who represent all Ws. The Board also has the F)ower to Co-opt up to four further members. Any paid-up member is eligible for nomination provided she is not a salaried member of LFW or a Trustee of any other Federation. The election is conducted by postal ballot. The Officers of Ihe Board are elected annually lo the Board as soon as txjssible after the Annijal Council meeting. At a special Board Meebng on 31 March 2025 He*her Wlliams was elecle(f Chairman, Julie McAulay was elected Treasurer and Patricia Forder was elected Viee£hairman. The other Trustees serving on the Board as al the dale of signing this report are Louise Aplin, Emma Gillinder, Ruth Grimley and Alice Marquis-carr. 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 LFW 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 tr) day running of the office and adrnin15trative affairs together with keeping the primary financial records. The organising of some events is delegated to certain sutpcommittees which are appointed by the Board of Trustees biennially. The LFW is affiliated to the NFW. Recruitment. induction and training of new trustees Vmien recruiting, inducting and training new trustees. the Charity follows the principles as sel out in the Wl Conslitulion. Trustees are given the opportunity to receive training from both LFVVI and NFVM during their term of office. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03675104 (England and Wales) Registered Charity number 1076283 Registered office 8 Croston House Lanca5hire Business Park Centurion Way Leyland Lancashire PR26 6TU Page 7
Lancashire Federation of Women's Institutes Report of the Trustees for the year ended 30 November 2025 Trustees PSV Coates R L Grimley H Vvilliams LM Williams PE Forder J Randall M J Blackwell LJ Hayes EE Gillindef AR Marquis-carr LT Aplin SE Hallwell J McAulay (resigned 2913r20251 (resigned 2913120251 (resigned 14112120241 (resigned 291312025} (resigned 101312025) (appointed 2012120251 (appointed 2013120251 (resigned 511120261 (appointed 1611120251 Company Secretary E D Jenkins Independent Examlner Mcmillan & Co LLP Chartered Accountsnts 28 Ealon Avenue Matrix Office Park Buckshaw Vi118ge Chorley Lancashire PR7 7NA Advisers Principal Bankers Virgin Money l Yorkshire Bank 2 - 4 Abingdon Street Blackpool Lancashire FY120R FUNDS HELD AS CUSTODIAN FOR OTHERS The Charity does not hold any funds as a custodian. PEOPLE The Board of Trustees values the contr"tbution made to LFMn by its members and both ils paid staff and volunteers and considers that good communications and relaty"onships wth its members to be very important and makes relevant infomiation available to all. This report has been prepared in accordance with the special provisK)ns of Part 15 of the Companies Act 2006 relating to small companies. Approved by OTder of the board of tnFstees on iIKApril 2026 and signed on its behalf by.. H Williams- Trustee Page 8
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 {'the Company'i report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November2025 Rèsponsibilities and basis of report As the charity's Iruslees of the Company land also its directors for the purposes of company lawl you are responsible for the preparatton of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 AcY}. Having sabsfied mysew that the accounts of the Comparky 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 Secb'on 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl 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 01 the 2006 Act., or the accounts do not accord with those records., or the accounts do not compty with the accounb.ng requirements of Seth"on 396 of the 20(K Act other than any requirement that the accounts gtve a true and fair view which is not a matter considered as parl of an independent examination., or the accounts have not been prepargj in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charibes lapplicable to charities preparing their accounts in accordance with the Financial ReFK)rtk"ng Standard applicable in the UK and Republi of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. DA Rogerson FCCA. BFP, ACA Mcmillan & Co LLP Chartered Accountants Date.. ri12026 Page 9
Lancashire Federation of Women's Institutes Statement of Financial Activities for the yoar onded 30 November 2025 2025 Total funds 2024 Total funds UnrestriGled funds Restricted funds Notes INCOME AND ENDOVVMENTS FROM Charitable activities Activities of the Federation Investment income 114,065 11.368 114.065 11.757 118,982 10,501 389 Total 125.433 389 125,822 129,483 EXPENDITURE ON Charttable activities Activitie5 of the Federab"on Other 105.584 1,000 105,584 1,500 114,566 1,200 500 Total 106,584 500 107,084 115,766 NET INCOME I (EXPENDITURE} 18,849 18,738 13,717 RECONCILIATION OF FUNDS Total funds brought forward 258.969 .274 268.243 254,526 TOTAL FUNDS CARRIED FORWARD 277.818 9.163 286,981 268,243 The notes form part of these financial statements Page 10
Lancashire Federation of Women's Institutes Balance Sheet 30 November 2025 2025 Total funds 2024 Total funds Unrestricted funds Restllcted funds Noles FIXED ASSETS Tangible as5els 3.765 3.765 4,967 CURRENT ASSETS Debtors Cash al bank 2.214 285.215 2,214 294.378 4,223 278,827 9.163 287,429 9,163 296,592 283,050 CREDITORS Amounts falling due within one year 10 (13.3761 113,3761 119,7741 NET CURRENT ASSETS 283,216 263.276 TOTAL ASSETS LESS CURRENT LIABILITIES 2TI,818 9,163 286,981 268,243 NET ASSETS 277,818 9,163 286,981 268,243 FUNDS Unrestricted funds Reslricled funds 11 277,818 9.163 258,969 9,274 TOTAL FUNDS 286.981 268,243 The charitable company is entitled lo exemption frorn audit under Sects'on 477 of the Companies Act 2006 for the year ended 30 November 2025. The members have not required the Company to obtain an audit of rt5 financial statements for the year ended 30 November 2025 in accordan with Se¢lion 476 of Ihe Companies Act 2006. The tnjstees acknowledge their responsibil(iies for lal ensuring that the charitable company keeps accountr.ng record5 that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial ststemenls which give a true and fair view of the state of affairs of the eh8rilable 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 olhetwise comply with the requirements of the Companies Act 2CwJ6 relating to financial ststements, so far as applicable to the charitable company. Ibl The notes ft)mi part of these financial ststements Page11 continued...
Lancashire Federation of Women's Institutes Balance Sheet- continued 30 November 2025 These financial statements have been prepared in 2ccordan¢e with the provisions applicable lo charrtabl8 companies subject lo the small companies regime. The financial statements were approved by the Board of TFUStees and authorised for issue on IlkApril 2026 and were signed or¢ its behalf by.. J McAulay- Trustee The notes form part of these financial statements Page 12
Lancashire Federation of Women's Institutes Notes to the Financial Ststements for the year ended 30 November 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements ol the charitable company, which is a public benefft entity under FRS 102, have been prepared in accordance with the Charitses SORP IFRS 1021 'Accounting and Reporting by Charities." Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost convention. The presentation currency of the financial statements is the Pound Sterfing (£1 and the amoun15 in the financial statements have been rounded to the nearest £1. Financial instruments Financial instruments are recognised when the entity be¢ome5 party lo the contractual provisions of the Ill5trument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequenuy carried at cost unless the arrangement indicates otherwise and then the a55el 15 meaSUTed at the preser)I value of the future Teceipts discounted at a market rate of interest. Basic financial liabilities, which irkclude creditors, accruals. and any borrowings, are initially recognised al transaction price and are subsequently carried al cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted al a market rate of interest. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it is probable Ihal the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal orconstructive obligation commilling the charity to that expenditure, il is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expendrfiure is accounted for on an accruals basis and has been classified under he8dings 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 consislenl with the use of resour. Tangible fixed assets Depreciation is provided at the following annual rates irk order lo write off each asset over it5 estimated useful life. Fixtures, fittings and computers at variable rates on reducing balan Taxation The charity is exempt from co¥poration tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular reslricled purposes within the objects of the charity. Reslriclions arise when specified by the donor orwhen funds are raised for particular reslricled purposes. Further explanation of the nature and PLsrpose of each fund is included in the Report of the Trustees. Pension costs and other po$t-r8tirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged to Ihe Statement of Financial Activities in the period to whh they relate. Page 13 continued...
Lancashire Federation of Women's Institutes Notes to the Financial Statements - continued for the year ended 30 November 2025 INVESTMENT INCOME 2025 2024 Bank interest re1vable 10.501 NET INCOME1IEXPENDuREl Nel incomellexpenditure} is stated aftef chargingl{creditingl= 2025 2024 Depreciation - owned assels 1,579 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024. Trust995' gxpen5es 2025 2024 Trustees, expenses 2.921 STAFF COSTS The average monthly number of employees during the year was as follows". 2025 2024 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 Federab"on Investment income 118,982 10,043 118,982 10,501 458 Total 129.025 458 129,483 EXPENDITURE ON Charitable activities Activities of the Federats"on Other 114,566 1,000 114,566 1,200 200 Total 115566 200 Page 14 continued...
Lancashire Federation of Women's Institutes Notes to the Financial Ststements- continued for the year ended 30 Novernber 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unwlricted Restricted fvnds funds Total funds NET INCOME 13.459 258 13,717 RECONCILIATION OF FUNDS Total funds brought forward 245,510 9,016 254,526 TOTAL FUNDS CARRIED FORWARD 258,969 268 243 TANGIBLE FIXED ASSETS Fixtures, fillings and computers COST Al 1 December 2024 and 30 November 2025 31,338 DEPRECIATION At 1 December 2024 Charge for year 26.371 At 30 November 2025 NET BOOK VALUE AI 30 November 2025 At 30 November 2024 4,967 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors VAT Debtors, prepayments and payments for future events 174 1.765 300 2,813 275 1.110 2,214 4,223 Page 15 continued...
Lancashire Federation of Women's Institutes Notes to the Financial Statements- continued for the year ended 30 November 2025 CASH AT BANK 2025 2024 Broughlon Wl and Fu00d Joy Morgan Bursary Buisary General fund Total funds Total funds Bank Curn1 accounts Bank dep051t accounts 48,656 236,559 48,656 245.722 44,610 234,217 5,669 3.494 Total 285,215 5.669 3,494 294,378 278,827 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Creditors, accruals and receipts for fvture events Social security and other tsxes 12.708 668 19,155 619 19,774 11. MOVEMENT IN FUNDS Net movement in funds At 30111125 At 1112124 Unrestricted funds General fvnd 258,969 18,849 277,818 Restricted funds Broughlon Wl and FU0c%j Bursary Joy Morgan Bursary 5.630 39 11501 5.669 3,494 9.163 TOTAL FUNDS 286.981 Page 16 conlinued..-
Lancashire Federation of Women's Institutes Notes to the Financial Statements - continued forthe year ended 30 November 2025 11. MOVEMENT IN FUNDS- Continuod Net movement in ftjnds, included in the aiK)ve are as follows-. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 125,433 1106,5841 18,849 Restricted funds Broughlon Wl and Fu0[x1 Bursary Joy Morgan Bursary 239 150 12001 13001 39 11501 389 500 TOTAL FUNDS 125.822 107,0841 18,738 Comparatives for movement In funds Nel movement in funds Al 30111124 At 1112123 Unrestricted funds General fund 245.510 13,459 258,969 Restricted funds Broughlon Wl and FoOd Bursary Joy Morgan Bursary 5,551 3.465 79 179 5,630 9,016 258 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 2025 11. MOVEMENT IN FUNDS- continued Comparatsve net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 129,025 (115,5661 13,459 Restricted funds Broughlon and FuNvood Bursary Joy Morgan Bursary 279 179 {2001 79 179 458 200 258 TOTAL FUNDS 129,483 115.7661 13,717 Further explanation on the nature and purpose of each fund is included in the Report of the Trustees. 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 November 2025. Page 18