## **Report of the Directors and**
## **Unaudited Financial Statements**
**for the Period 1 November 2022 to 31 January 2024**
## **for**
**ANGLESEY FEDERATION OF WI'S**
**ANGLESEY FEDERATION OF WI'S**
**Contents of the Financial Statements for the Period 1 November 2022 to 31 January 2024**
||**Page**|
|---|---|
|**Company Information**|1|
|**Report of the Directors**|2|
|**Income Statement**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5|
|**Report of the Accountants**|7|
|**Detailed Income and Expenditure Accounts**|8|
**ANGLESEY FEDERATION OF WI'S**
## **Company Information for the Period 1 November 2022 to 31 January 2024**
**DIRECTORS:** Mrs C A Jones Mrs M C Linford Mrs G R Owen **SECRETARY:** Mrs D Booth **REGISTERED OFFICE:** WI Hall Holyhead Road Llanfairpwll Isle of Anglesey LL61 5SX **REGISTERED NUMBER:** 08284645 (England and Wales) **ACCOUNTANTS:** W Glynne Owen & Co Limited Chartered Accountants 2 Caradog Villas Glanhwfa Road Llangefni Ynys Mon LL77 7EN
Page 1
**ANGLESEY FEDERATION OF WI'S**
## **Report of the Directors for the Period 1 November 2022 to 31 January 2024**
The directors present their report with the financial statements of the company for the period 1 November 2022 to 31 January 2024.
## **INCORPORATION**
The company was incorporated on 7 November 2012 and commenced trading on the same date.
## **PRINCIPAL ACTIVITY**
The principal activity of the company in the period under review was that of charity
## **DIRECTORS**
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.
Mrs C A Jones Mrs M C Linford Mrs G R Owen
All the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
## **ON BEHALF OF THE BOARD:**
Mrs C A Jones - Director
4 July 2024
Page 2
## **ANGLESEY FEDERATION OF WI'S**
## **Income Statement for the Period 1 November 2022 to 31 January 2024**
|Notes
**TURNOVER**
Administrative expenses
**OPERATING DEFICIT**
4
Interest receivable and similar income
**DEFICIT BEFORE TAXATION**
Tax on deficit
**DEFICIT FOR THE FINANCIAL**
**PERIOD**|£
25,677
35,038
(9,361)
204
(9,157)
-
(9,157)|
|---|---|
The notes form part of these financial statements
Page 3
**ANGLESEY FEDERATION OF WI'S (Registered number: 08284645)**
## **Balance Sheet 31 January 2024**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Stocks
Cash at bank
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
General reserves
Income and expenditure account|£
£
76,474
4,343
17,345
21,688
899
20,789
97,263
107,933
(10,670)
97,263|
|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.
## The directors acknowledge their responsibilities for:
- (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:
Mrs C A Jones - Director
The notes form part of these financial statements
Page 4
**ANGLESEY FEDERATION OF WI'S**
**Notes to the Financial Statements for the Period 1 November 2022 to 31 January 2024**
## 1. **STATUTORY INFORMATION**
ANGLESEY FEDERATION OF WI'S is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
## 2. **ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 10%
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
## **Deferred tax**
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
## 3. **EMPLOYEES AND DIRECTORS**
The average number of employees during the period was 1.
Page 5
continued...
**ANGLESEY FEDERATION OF WI'S**
## **Notes to the Financial Statements - continued for the Period 1 November 2022 to 31 January 2024**
|4.|**OPERATING DEFICIT**||
|---|---|---|
||The operating deficit is stated after charging:||
|||£|
||Depreciation - owned assets|562|
|5.|**TANGIBLE FIXED ASSETS**||
|||Tangible|
|||Fixed|
|||Assets|
|||£|
||**COST**||
||At 1 November 2022||
||and 31 January 2024|82,078|
||**DEPRECIATION**||
||At 1 November 2022|5,042|
||Charge for period|562|
||At 31 January 2024|5,604|
||**NET BOOK VALUE**||
||At 31 January 2024|76,474|
||At 31 October 2022|77,036|
|6.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||
|||£|
||Trade creditors|899|
Page 6
**ANGLESEY FEDERATION OF WI'S**
## **Report of the Accountants to the Directors of ANGLESEY FEDERATION OF WI'S**
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 January 2024 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
W Glynne Owen & Co Limited Chartered Accountants 2 Caradog Villas Glanhwfa Road Llangefni Ynys Mon LL77 7EN
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
## **ANGLESEY FEDERATION OF WI'S**
## **Toll House Detailed Income and Expenditure Account for the Period 1 November 2022 to 31 January 2024**
**Income**
£ £ -
This page does not form part of the statutory financial statements
Page 8
## **ANGLESEY FEDERATION OF WI'S**
## **WI**
## **Detailed Income and Expenditure Account for the Period 1 November 2022 to 31 January 2024**
|**Turnover**
Grants
Office and administration
Affiliation Fees AFWI
Affiliation Fees NFWI
Pooling of fares
AGM
Insurance
NFWI Raffle
Special events
WI Hall
Sales table
Miscellaneous
AFWA annual meeting
500 Club
Wales Conference
**Other income**
Interest
**Expenditure**
Royal Welsh
Raffle prizes
Stationery
Miscellaneous
Office and administration
Board expenses
AFWI fees
NFWI Affiliation Fees
Pooling of fares
Expenses AGM
Accountancy
Insurance
AFWI Annual Meeting
Special Events
WI Hall
Sales table
Utilities
Depreciation of tangible fixed assets
Plant and machinery
**NET DEFICIT**|£
5,296
60
3,575
4,205
192
895
240
162
3,774
3,526
949
1,114
285
842
562
234
420
398
713
6,111
762
44
4,297
240
803
954
1,903
1,546
2,590
7,208
907
5,346
562|£
25,677
204
25,881
35,038
(9,157)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 9