THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
CONTENTS AND COMPANY INFORMATION
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|---|---|---|---|---|---|
|CONTENTS:|PAGE:|
|Committee Report|1-3|
|Independent Examiners Report|4|
|Statement of Financial|Activities|5|
|Balance|Sheet|6|
|Statement|of Cash Flows|7|
|Notes|to|the|Financial|Statements|8-12|
|CHAIR:|Mrs|S|Smales|
|VICE-CHAIR:|Mrs E Hodgkins|(to|2nd July 2022)|
|Mrs|L|Challands|
|TREASURER:|Mrs V Ridgman V Ridgman Ridgman|
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TREASURER: Mrs V Ridgman V Ridgman Ridgman BOARD OF TRUSTEES: Mrs L. Neech Mrs A Bullman Mrs C Wylde Mrs E Bailey (from 6th June 2022) Mrs J Sparks Mrs D M Oakley (from 5th December 2022) Mrs K Baldwin Mrs J Casey FEDERATION SECRETARY: Mrs H Comiskey ADMINISTRATIVE ASSISTANT: Vacant PRINCIPAL OFFICE: W I Office Oakington Road Girton Cambridge CB3 0QH COMPANY NUMBER: 4811643 CHARITY NUMBER: 1099519 INDEPENDENT EXAMINERS: Jan W Shipley FCCA For and on behalf of: Prentis & Co LLP Chartered Accountants 115c Milton Road Cambridge CB4 1XE BANKERS: The Cooperative Bank PLC Santander UK Plc Business Direct Branch Bridle Road PO Box 250, Skelmersdale Bootle WN8 6WT Merseyside L30 44GB
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THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
COMMITTEES ANNUAL REPORT
The committee present their annual report for The Cambridge Federation of Women's Institutes for the year ended 31st December 2022.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 1st January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT
The Federation was constituted in accordance with the Model Constitution and Rules as agreed by the National Federation of Women’s Institutes Annual General Meeting. The Federation is a charitable company limited by guarantee, incorporated on 26th June 2003 and registered as a charity on 18th September 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
APPOINTMENT OF MANAGEMENT COMMITTEE
The directors of the company are also charity Trustees for the purpose of charity law and under the companies articles are known as Members of the Board of Trustees. Under the requirement of the Memorandum and Articles of Association the members of the Board of Trustees are nominated and elected by the members of The Cambridge Federation of Women's Institutes on a 2 year basis. The Board of Trustees consists of 10 members. The board are empowered to co-opt up to 3 members if so desired.
RISK MANAGEMENT
The committee have examined the major strategic, business and operational risks which the Federation faces and confirm that systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen those risks
OBJECTIVES AND ACTIVITIES
The objects of the Federation were as follows:
a) to improve and develop the condition of women’s lives and to advance their education in citizenship, in public affairs both national and international, in the arts and in science.
b) to facilitate training in all branches of home economics and management, health, social welfare, the arts and science. To give all women the opportunity of working together through the Women’s Institute's organisation, and putting into practice these ideas for which it stands.
The Trustees have considered guidance published by the Charity Commission on public benefit and consider the charity's activities are in accordance with that guidance.
ACHIEVEMENTS, PERFORMANCE AND PUBLIC BENEFIT It was a slow start to the year. We had been in and out of Covid restrictions at the end of 2021 and no one could predict what would happen in 2022. Members were cautious about mixing outside their local communities and travelling on buses and coaches. We had to cancel a few outings and theatre trips, but as the year progressed, interest in joining in activities grew and we held some popular and financially successful events. We also worked with the Cambridge food bank and donated 25 knitted blankets to the Warm Hub.
Several sub-committee members stood down this year, many of whom stayed on longer than they planned in order to see us through the pandemic. This was the catalyst for amalgamating three sub-committees into a Combined Activities Committee.
The number of members this year is only slightly down, compared to 2021 despite suspending two WIs. Some WIs are losing members - but this is balanced by an influx of new members at other WIs which is encouraging . The level of subscription remained the same as last year.
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THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
COMMITTEES ANNUAL REPORT......../continued
PLANS FOR THE FUTURE
We will continue to put on a varied programme of events amd activities to entertain our members and also raise funds for the Federation. In addition, we are planning to promote Gift Aid this year. National Federation is launching a new WI supporter option which will help to promote the WI to women who are not able to join at the moment. We hope this will raise the profile of the organisation and attract more local members. The Federation portion of the membership subscription will increase by 50p this year.
Trustees are not expecting to undertake any major works at the WI Office this year but as the building is getting older we are now finding that more ongoing maintenance is required than has been necessary in the past.
KEY MANAGEMENT
The directors consider that the board of directors, who are the Charity's Trustees, comprise the key management personnel of the charity in charge of directing, controlling, running and operating the Federation on a day to day basis. All trustees give their time freely and no director received remuneration in the year.
TRUSTEES INDUCTION AND TRAINING
Trustees training is provided free of charge by the National Federation of WI's who provide help and advice on an ongoing basis. The whole Board receive this training during an election year. Ongoing training is provided as required.
FINANCIAL REVIEW AND RESERVES POLICY
The Federation suffered a deficit of £15,619 (2021: £18,601) caused mainly by the Covid pandemic which impacted both the number of fundraisng events we managed to arrange and the number of members who participated in those events. In addition, we were unable to claim furlough, as we had during the previous two years, which accounts for some of our additional costs.
We decided to save costs by not replacing our administrative assistant. The decision will be reviewed at the end of this year.
The Trustees regularly review and agree the level of reserves the Federation holds. The Trustees aim to have sufficient reserves to meet a year of expenditure and other commitments. To fulfil this policy the Trustees consider it necessary to hold around £100,000. Currently the Federation holds £78,149 (2021: £85,589) in free reserves and would expect to meet its target through an accumulated surplus of the next couple of years. The total funds of the charity at the end of the year were £424,073 (2021: £439,692). Designated funds of £20,000 (2021: £20,000) are obtained for major repair works to the office building, which is reviewed regularly.
RELATED PARTIES AND CO-OPERATION WITH OTHER ORGANISATIONS
None of our Trustees received remuneration or other benefit from their work for the charity. They are reimbursed costs, such as travel, that they incur wholly in the course of carrying out their duties.
The Federation is affiliated to the National Federation of WI's who provide help and advice. Individual Federations within the Cambridge area pay affiliation fees to the Federation, who in turn pay affiliation fees to the National Federation of WI's.
PAY POLICY FOR SENIOR STAFF
The senior staff of the Charity consist solely of the Trustees who give their time for free.
TRUSTEES
The Trustees who served during the year are as follows:-
Mrs S Smales (Chair) Mrs L Neech Mrs E Hodgkins (Vice Chair to 2nd July 2022) Mrs J Casey Mrs L Challands (Vice Chair) Mrs J Sparks Mrs V Ridgman (Treasurer) Mrs K Baldwin Mrs A Bullman Mrs D M Oakley (appointed 5th December 2022) Mrs C Wylde Mrs E Bailey (appointed 6th June 2022)
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
PAGE 3
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
COMMITTEES ANNUAL REPORT......../continued
Many of our events and meetings are "open" and can therefore be attended by men and women, members and non-members. Therefore, in accordance with our constitution, we have benefitted a significant section of the public, providing education, support and improved welfare for all women.
Woe have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
TRUSTEES’ REPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity Trustees (who are also the directors of The Cambridge Federation of Women's Institutes for the purposes of company law) are responsible for preparing a Trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to:
- « select suitable accounting policies and then apply them consistently;
¢ observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and. explained in the financial statements;
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
ON BEHALF OF THE COMMITTEE
. Mrs S Smales Date 8.442023 Chair
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
INDEPENDENT EXAMINERS' REPORT TO THE COMMITTEE OF THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
I report to the charity federation on my examination of the accounts of the charitable company for the year ended 31st December 2022.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's Trustees of the charitable company (and also its directors for the purpose 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 been satisfied that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINERS' 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:
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(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; (2) the accounts do not accord with those accounting records;
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(3) 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
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(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Lo Wee IAN SHIPLEY FCCA FOR AND ON BEHALF OF: PRENTIS & CO LLP
CHARTERED ACCOUNTANTS & INDEPENDENT EXAMINER
115¢ Milton Road Cambridge CB4 1XE
ZU" Apr 2028.
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
PAGE 5
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
STATEMENT OF FINANCIAL ACTIVITIES
| Accumulated Funds | Accumulated Funds | ||||
|---|---|---|---|---|---|
| Notes | , | (Unrestricted) | |||
| 2022 | 2021 | ||||
| INCOME | £ | £ | |||
| Income fromgeneratedfunds: | |||||
| Voluntaryincome | |||||
| Affiliationfees | 16,432 | 17,172 | |||
| Donations received | 677 | 1,148 | |||
| Fundraising activities | 11 | 10,992 | 2,033 | ||
| Investment income | 2 | 352 | 67 | ||
| Government Grants | : | - | 1,387 | ||
| Income from charitable activities: | |||||
| Sub-committee activities | 12 | 10,015 | 9,876 | ||
| Meetings and conferences | 6,098 | 982 | |||
| TOTALINCOME | 44,566 | 32,665 | |||
| EXPENDITURE | |||||
| Costofraising funds: | |||||
| Fundraisingcosts | il | 6,253 | 938 | ||
| Investmentmanagement costs | 2 | 1 | 84 | ||
| Expenditureon Charitable activities | 3 | 53,931 | 50,244 | ||
| TOTALEXPENDITURE | 60,185 | 51,266 | |||
| Netexpenditure and | |||||
| movement infunds fortheperiod/year | (15,619) | (18,601) | |||
| Reconciliation offunds | |||||
| Total fundsbrought forward | 13 | 439,692 | 458,293 | ||
| Totalfundscarriedforward | 424,073 | 439,692 |
The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 8 to 12 form part of these financial statements.
]
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
PAGE 6
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
BALANCE SHEET
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|---|---|---|---|---|---|---|
|Notes|2022|2021|
|‘|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|6|325,924|334,103|
|CURRENT|ASSETS|
|Stocks|7|884|878|
|Debtors and prepayments|8|1,606|574|
|Cash|at|bank andin|hand|9|111,173|112,564|
|113,663|114,016|
|LIABILITIES|
|CREDITORS|FALLING DUE WITHIN ONE YEAR|10|15,514|8,427|
|NET CURRENT ASSETS|98,149|105,589|
|NET ASSETS|424,073|439,692|
|THE FUNDS|OF|THE CHARITY|
|Accumulated Income Funds (Unrestricted)|13|424,073|439,692|
|TOTAL CHARITY FUNDS|424,073|439,692|
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The Committee consider that the company is entitled to exemption from the requirement to have an audit under the provisions of Section 477(1) of the Companies Act 2006. Members have not required the company under Section 476 of the Companies Act 2006, to obtain an audit for the year ended 31st December 2022. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31st December 2022 and of its deficit for the year then ended in accordance with the requirements of Section 396 and which otherwise comply with the requirements of the Act relating to the financial statements as far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. It was approved by the committeeon (3.3 .2023 and signed on its behalf.
ArtiKyygen WMidirrolte
Mrs S Smales Chairman
The notes on pages 8 to 12 form part of these financial statements.
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
STATEMENT OF CASH FLOWS
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|---|---|---|---|---|---|---|---|
|2022|2021|
|Total|Total|
|Notes|Funds|Funds|
|£|£|
|Cash|flows from|operating|activities:|
|Net cash provided by operating|activities|14|(1,743)|(6,191)|
|Cash|flows from|investing|activities:|
|Investment|income|352|67|
|Purchase|of|tangible|fixed assets|-|(90)|
|Net|cash provided|by|(used|in) investing|activities|352|(23)|
|Change|in cash and cash equivalents|in the period|(1,391)|(6,214)|
|Cash|and cash equivalents|brought forward|112,564|118,778|
|Cash|and cash|equivalents|carried forward|111,173|112,564|
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THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
- ACCOUNTING POLICIES (a) BASIS OF PREPARATION The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Cambridge Federation of Women's Institutes meets the definition of a public benefit entity under FRS 102,
Assets and liabilities are initially recognised at historical cost or transaction values unless otherwise stated in the relevant accounting policy notes.
(b) ASSESSMENT OF GOING CONCERN The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
(c) INCOME Income represents the amount derived from the charity's ordinary activities. Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainly. No income is stated net of any associated expenditure.
(d) EXPENDITURE
All expenditure is accounted for on an accruals basis. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to beneficiaries Governance costs include costs associated with meeting the constitutional and statutory requirements of the charity. Expenditure is allocated to expense headings on direct cost basis.
(e) TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write-off the costs less estimated residual value of each asset evenly over their expected useful lives as follows:
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Buildings|- 2%|straight line|basis|
|Furniture|and|office|equipment|-|20%|straight|line|basis|
|Cups|and|shields|~|12.5%|straight|line basis|
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(f) STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
(g) DEBTORS
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
(h) CREDITORS
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
PAGE 9
3,
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
INVESTMENT
Investment income comprises bank and building society interest received during the year of £352 (2021 - £67).
Investment management costs comprise of bank charges paid during the year of £1 (2021 - £84).
| EXPENDITUREONCHARITABLEACTIVITIES | Accumulated Funds | Accumulated Funds | |
|---|---|---|---|
| (Unrestricted) | |||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Sub-Committee activityexpenses | 12 | 4,800 | 4,689 |
| Bursaries andmemberships | 37 | 37 | |
| Office rent, electric andrepairs | 2,432 | 2,847 | |
| Secretaries salaries | 5 | 23,297 | 25,524 |
| Postage, stationery andphotocopying | 2,029 | 1,913 | |
| Setup ofnew institutions | - | 31 | |
| Telephone | 987 | 1,079 | |
| IT expenses | 454 | 450 | |
| Domestic supplies andrefuse collections | 862 | 815 | |
| Insurance | 1,049 | 969 | |
| Expensesofmeetings, conferences andhospitality | 4,733 | 300 | |
| Travel | 1,369 | 407 | |
| Maintenance andcleaning | 1,937 | 1,303 | |
| Depreciation | 6 | ||
| Furniture and office equipment | 618 | 631 | |
| Buildings | 7,561 | 7,561 | |
| Legalandprofessional fees | 68 | 68 | |
| IndependentExaminer fees | 1,554 | 1,476 | |
| Subscriptions | 144 | 144 | |
| 53,931 | 50,244 | ||
| NETEXPENDITUREFORTHEYEAR | 2022 | 2021 | |
| This is stated aftercharging: | £ | £ | |
| IndependentExaminerfees | 1,554 | 1,476 | |
| Depreciationoftangible fixed assets | 8,179 | 8,192 | |
| STAFFCOSTS | 2022 | 2021 | |
| £ | £ | ||
| Wages and salaries | 21,453 | 23,640 | |
| Employers National! Insurance | 532 | 599 | |
| Other staffcosts | 1,312 | 1,285 | |
| 23,297 | 25,524 | ||
| Therewereno employees earning over £60,000 per annum. | |||
| Theaveragenumberofemployees were: | 2022 | 2021 | |
| Charitableactivities | 3 | 3 |
The charity considers its key management personnel comprise of the Trustees, The Trustees did not receive any remuneration in the year. Ten trustees were paid reimbursed expenses totalling £1,698 (2021: Ten Trustees £976).
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
PAGE 10
,
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
9,
.
| TANGIBLEFIXED ASSETS | Furniture& | ||||
|---|---|---|---|---|---|
| CURRENTYEAR | Land& | Office | Cups& | ||
| Building | Equipment | Shields | Total | ||
| COST/VALUATION | £ | £ | £ | £ | |
| Balance at 1stJanuary2022 | 467,288 | 15,742 | 4,060 | 487,090 | |
| Additions | - | - | - | - | |
| Balanceat31stDecember2022 | ~ 467,288 | 15,742 | 4,060 | 487,090 | |
| DEPRECIATION | |||||
| Balance at 1stJanuary2022 | 134,553 | 14,374 | 4,060 | 152,987 | |
| Charge forthe year | . | 7,561 | 618 | - | 8,179 |
| Balance at 31stDecember2022 | 142,114 | 14,992 | 4,060 | 161,166 | |
| NETBOOKVALUEAT31STDECEMBER2022 | 325,174 | 750 | - | 325,924 | |
| TANGIBLEFIXED ASSETS | Furniture& | ||||
| PRIORYEAR | Land& | Office | Cups& | ||
| Building | Equipment | Shields | Total | ||
| COST/VALUATION | £ | £ | £ | £ | |
| Balance at 1stJanuary2021 | 467,288 | 15,652 | 4.060 | 487,000 | |
| Additions | - | 90 | - | 90 | |
| Balance at 31stDecember2021 | 467,288 | 15,742 | 4,060 | 487,090 | |
| DEPRECIATION | |||||
| Balanceat IstJanuary2021 | 126,992 | 13,743 | 4,060 | 144,795 | |
| Charge fortheyear | 7,561 | 631 | - | 8,192 | |
| Balance at 31stDecember2021 | 134,553 | 14,374 | 4,060 | 152,987 | |
| NETBOOKVALUEAT 31STDECEMBER 2021 | 332,735 | 1,368 | - | 334,103 | |
| STOCKS | 2022 | 2021 | |||
| £ | £ | ||||
| Catering | 91 | 126 | |||
| Office stationery | 634 | 618 | |||
| Federation selling items | 159 | 134 | |||
| 884 | 878 | ||||
| DEBTORS | 2022 | 2021 | |||
| £ | £ | ||||
| Otherdebtors | - | 24 | |||
| Prepayments | 1,606 | 550 | |||
| 1,606 | 574 | ||||
| CASH ATBANKAND INHAND | 2022 | 2021 | |||
| £ | £ | ||||
| Bank | 43,723 | 45,431 | |||
| Building societies | 67,313 | 66,961 | |||
| Cash | 137 | 172 | |||
| 111,173 | 112,564 |
PAGE 11
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
| NOTESTO | TOTHEFINANCIALSTATEMENTS | ||||
|---|---|---|---|---|---|
| . | |||||
| 10. | CREDITORS | 2022 £ |
2021 £ |
||
| Social Securityandother taxes | - | 15 | |||
| Sundrycreditorsand accruals Receipts inadvance |
15,535 (21) |
8,433 (21) |
|||
| 15,514 | 8,427 | ||||
| 11. | FUNDRAISING ACTIVITIES | ||||
| CURRENTYEAR | Income Expenditure | Total | |||
| £ | £ | £ | |||
| Events and specialevents | 10,940 | (6,253) | 4,687 | ||
| Federationsellingitems | 52 | - | 52 | ||
| 10,992 | (6,253) | 4,739 | |||
| FUND RAISING ACTIVITIES | |||||
| PRIORYEAR | Income | Expenditure | Total | ||
| £ | £ | £ | |||
| Eventsand special events | 1,728 | (558) | 1,170 | ||
| Federation sellingitems | 7 | (142) | (135) | ||
| Bulbs | 298 | (238) | 60 | ||
| 2,033 | (938) | 1,095 | |||
| 12. | SUB-COMMITTEEACTIVITIES | Income | Expenditure | Total | |
| CURRENTYEAR | |||||
| £ | £ | £ | |||
| Public affairs | 115 | (6) | 109 | ||
| Craftandcookery Leisure W INews |
2,071 1,744 1,445 |
(550) (1,340) (410) |
1,521 404 1,035 |
||
| Combined arts | 4,640 | (2,494) | 2,146 | ||
| 10,015 | (4,800) | 5,215 | |||
| SUB-COMMITTEE ACTIVITIES | |||||
| PRIORYEAR | Income Expenditure | Total | |||
| £ | £ | £ | |||
| Public affairs | 2,125 | (525) | 1,600 | ||
| Craftandcookery | 2,517 | (1,512) | 1,005 | ||
| Leisure Combined arts |
1,005 3,914 |
(518) (1,886) |
487 2,028 |
||
| W INews | 315 | (248) | 67 | ||
| 9,876 | (4,689) | 5,187 |
THE CAMBRIDGE FEDERATION OF WOMEN'S INSTITUTES
PAGE 12
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
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|||||||||
|---|---|---|---|---|---|---|---|
|13.|'|UNRESTRICTED FUNDS|Balance|Balance|
|CURRENT YEAR|b/fwd|Income Expenditure|Transfers|c/fwd|
|£|£|£|£|£|
|Designated|funds:|
|Building|repairs|fund|20,000|-|-|-|20,000|
|General|unrestricted|funds|419,692|44,566|(60,185)|-|404,073|
|439,692|44,566|(60,185)|-|424,073|
|UNRESTRICTED FUNDS|Balance|Balance|
|PRIOR YEAR|b/fwd|Income Expenditure|Transfers|c/fwd|
|£|£|£|£|£|
|Designated|funds:|
|Building|repairs|fund|20,000|-|-|-|20,000|
|General|unrestricted funds|438,293|32,665|(51,266)|-|419,692|
|458,293|32,665|(51,266)|-|439,692|
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Purpose of designated funds:
In 2017 the Committee decided to designate a sum of £20,000 as a fund for maintenance and improvement of the Federation property. The level of this fund will be reviewed regularly in line with anticipated future maintenance and improvement required.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
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|||||
|---|---|---|---|
|2022|2021|
|£|£|
|Net movement in funds|(15,619)|=|(18,601)|
|Add:|Depreciation|8,179|8,192|
|Less:|Investment income|(352)|(67)|
|Decrease/(increase)|in debtors|(1,032)|(574)|
|(Increase)/decrease|in stock|(6)|215|
|(Decrease)/increase|in creditors|7,087|4,644|
|Net cash provided by operating|activities|(1,743)|(6,191)|
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)
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