```
REGISTERED CHARITY NUMBER: 1167199
```
## **`Report of the Trustees and`**
```
Unaudited Financial Statements for the Year Ended 31 August 2021
```
```
for
The Middlesex Federation Of Women's
Institutes
```
```
Merchant & Co
Chartered Certified Accountants
20 Exhibition House
Addison Bridge Place
London
W14 8XP
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Contents of the Financial Statements
for the Year Ended 31 August 2021
```
||**`Page`**|
|---|---|
|**`Reference and Administrative Details`**|`1`|
|**`Report of the Trustees`**|`2 to 5`|
|**`Independent Examiner's Report`**|`6`|
|**`Statement of Financial Activities`**|`7`|
|**`Balance Sheet`**|`8`|
|**`Notes to the Financial Statements`**|`9 to 18`|
|**`Detailed Statement of Financial Activities`**|`19 to 20`|
```
The Middlesex Federation Of Women's
Institutes
```
```
Reference and Administrative Details
```
## **`for the Year Ended 31 August 2021`**
|**`TRUSTEES`**|`Mrs S Endersby`|
|---|---|
||`Mrs L Reed-Wenman`|
||`Mrs S Whitworth (resigned 9.9.20)`|
||`Mrs J Bloomfield (resigned 31.3.21)`|
||`Mrs J Hall (resigned 31.3.21)`|
||`Mrs A Fremantle`|
||`Mrs A M Chessman`|
||`Mrs Y McBride`|
||`Mrs M Gordon (appointed 25.9.20)`|
||`Ms E Watson`|
||`Mrs J N Lewis`|
||`Ms J Treeves (resigned 21.10.20)`|
||`Ms H McIntyre (appointed 20.10.21)`|
|**`PRINCIPAL ADDRESS`**|`3, 7B The Green`|
||`West Drayton`|
||`Middlesex`|
||`UB7 7PL`|
|**`REGISTERED CHARITY NUMBER`**|`1167199`|
|**`INDEPENDENT EXAMINER`**|`Merchant & Co`|
||`Chartered Certified Accountants`|
||`20 Exhibition House`|
||`Addison Bridge Place`|
||`London`|
||`W14 8XP`|
|**`BANKERS`**|`Barclays Bank UK Plc`|
||`53 The Broadway`|
||`Ealing`|
||`W5 5JS`|
```
Page 1
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Report of the Trustees
for the Year Ended 31 August 2021
```
```
The trusteespresenttheirreportwiththe financialstatementsof the charityforthe yearended31 August2021. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheWomen'sInstitute(WI)isrecognisedasaneducationalcharitywithmembersalsoveryinvolvedwiththeir local
communities.
```
## **`Public benefit`**
```
TheWIisrecognisedasaneducationalcharitywhichadvancestheeducationofwomenandalso promotes
sustainabledevelopmentforthepublicbenefitbysucheducation,withmembersalsobeingencouragedto be
involvedwith their local communities.The Board of Trustees, a Membershipsub-committee,a Craft sub-committee, a
LeisureandSciencesub-committeeandaMembershipCommunicationco-ordinatorprovidetraining and
administration for our members.
```
```
We have compliedwith the dutiesin section17 of the CharitiesAct 2011 to have regardto guidancepublishedby the
Charity Commission, including public benefit guidance.
```
```
Page 2
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Report of the Trustees
for the Year Ended 31 August 2021
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
Keyachievementsin2020/21havebeencurtailedduetothecontinuingCovid19pandemic.ManyofourWIs have
beenunabletomeetfacetofacesinceMarch2020.WehaveencouragedtheWItrusteestocontact members
regularly,toholdmeetingsintheopenandusingelectronicmeanssuchasFaceTimeandZoom.Atthestartof the
financialyear2020/21,we wereonceagainfacingsevererestrictionsonfacetofacemeetings.As suchourability to
visitWIs was severelylimitedduring2020/21.ThiscontinueduntilJune2021whensome WIs beganto meet in open
spaces.
```
```
Detailed cash flow scenarios provided by our Treasurer are a continuing part of our Risk Plan.
```
```
Wecontinuetoproduceournewsletter'TheMiddlesexNews',andweareutilisingMailchimp(FOC)tosend out
copiesto allof ourmemberswhohavean emailaddressregisteredon the MembershipCommunicationSystem. We
alsoheldZoomsessionsforallof ourmembersto attendtwicea monthfromSeptember2020- June2021to ensure
we maintained a line of communication.
```
```
We havecontinuedto increaseourutilisationof socialmediathroughouttheyear,focusingondifferingplatforms to
addressthedemographicoftheareawecoversuchasTwitterandInstagram,andcontinuetohaveapresence on
FaceBook
```
```
UsingZoomtheDigitalteamcontinuedtoofferonlinetrainingsessions,assistingourmemberstousevarious media
streams to stay in contact with both family and friends.
```
```
TheCraftcommitteehaveofferednumerousZoomsessionsforcraft,andtheKnitandNattergroupcontinues to
proveverypopularwithourmembers.We feltit was importantduringthelockdownperiodto giveourmembers an
opportunityto meet up,albeitdigitally,withfriends.The annualCraftFayreheldin the Cow Byre Ruislipwas held in
August 2021, and attracted a number of new membership enquiries.
```
```
InlightoftheCoronaviruspandemic,thePublicAffairscommitteecontinuedtofocusourattentionon supporting
membersandtheirlocalcommunitiesthroughthisuncertaintime.Wearealsoactivelycampaigningon Climate
Change and the plight of 'modern day slavery'.
```
```
The ScienceandLeisuresub-committeeactivitieswere adverselyaffectedby Covidrestrictionsbutwe willregroup as
restrictions are lifted.
```
```
OurMiddlesexFederationoftheWomen'sInstitute(MFWI)AnnualCouncilMeeting(ACM)washeldonZoomon 9
September 2020.
```
```
Middlesex Federation held its Annual Council Meeting on Zoom on 22 July 2021.
```
```
The National Federation of the Women's Institute (NFWI) ACM was held on Zoom on 8 June 2021.
```
## **`FINANCIAL REVIEW`**
## **`Financial result and Reserves Policy`**
```
Thecharityhasanetsurplusof£13,960(2020£27,226)ofwhich£13,959(2020£26,398)wasderived from
unrestrictedreserves,and£1(2020£828)fromrestrictedreserves.Subscriptionscontinuetobethemainsource of
income beside the rent income.
```
```
Theunrestrictedreserveswhichcanbeappliedtothegeneraloperationofthecharitystandat£290,715 (2020
£275,612), the restricted reserves stand at £3,536 (2020: £4,679).
```
## **`Reserves policy`**
```
Thetrusteesconsiderthatthecharityshouldholdatleast£46,000tocoveremergencies,beingapproximately 12
monthsregularexpenditure.Some of these may be neededto offsetanyreducedincomefrom fallingmembership in
order to fund the administration of the office.
```
```
We are still aware that it may be necessary to incur legal costs in renewing the lease for No 2.
```
```
Reservesarelikelytodecreaseinthenextfewyearsasourmembershipisreducing,andtheplanned centenary
celebration is going to be self-funded.
```
```
Page 3
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Report of the Trustees
for the Year Ended 31 August 2021
```
## **`FUTURE PLANS`**
```
Ourmembershipyearwasextendedfor3 monthsuntilendMarch2021.Thisgaveourmembers15monthsfor the
priceof12.Thenewmembershipyearwillnowrunfrom1stApriluntil31stMarch.Ourmembershipnumbers are
only slightly down from the previous year, and continue to grow month on month.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,itsConstitutionasaCharitableIncorporatedOrganisation (CIO)
andtheRulesforFederationofWomen'sInstitutes.Bothofthesegoverningdocumentswererevised27th March
2021 to reflectnew ways of holdingmeetingsdigitallyandto includethe individualWI's optionto be flexibleon their
share of the subscription fees.
```
## **`Recruitment and appointment of new trustees`**
```
MiddlesexmembersnominateuptotwelvememberstotheBoardtoserveasTrustees;co-optionsmaybemade if
requiredduringtheyearwiththeelectionofsuchco-optedtrusteesbeingratifiedatthenextAnnual Meeting.
Electionsfor Board members are held every three years.All Trustees work in a voluntarycapacity.The Boardmeet up
to eleven times during the year, plus one special meeting to elect officers and formulate policy.
```
```
At the beginning of the financial year in September 2020 the board of trustees comprised
Mrs Lorraine Reed-Wenman, Chairman
Mrs Jules Hall, Vice Chairman resigned 31/3/21
Mrs Sarah Endersby, Honorary Treasurer
Other committee members were:
Mrs Julie Bloomfield resigned 31/3/21
Mrs Alison Fremantle
Mrs Angela Chessman
Mrs Yve McBride
Mrs Susan Whitworth resigned 09/09/20
Ms Emma Watson
Mrs Julia Lewis
Mrs Jill Treeves resigned 21/10/20
```
```
TheTrusteesappointuptofourofficersfromtheirnumber:Chairman,HonoraryTreasureranduptotwo Vice
Chairmen
```
```
During the financial year the following was co-opted
Ms Michelle Gordon (October 2020)
```
```
Page 4
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Report of the Trustees
for the Year Ended 31 August 2021
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Organisational structure`**
```
TheMiddlesexFederationcomprisesof44Women'sInstitutebranchesthroughouttheformercountyof Middlesex
and Greater London.
```
```
EachWIisresponsibleforrunningitsownmonthlymeetingsanditsfinances,mostWIsbeingregistered individually
withtheCharityCommission.Therewere1326fullypaidupmembersattheendofAugust2021.AllWIsarepart of
the National Federation of WIs and are encouraged to take a full part in their activities.
```
```
Fundingmainlycomesfromsubscriptionsanddonations.Trusteesandsub-committeemembersarepaid travelling
expenses.
```
```
WeownthebuildingatNo2theGreen,WestDrayton,whichwasourformeroffice.Wenowleasethisto a
neighbouringDoctors'Practiceandwe renta unitat No7 theGreen,WestDrayton.We buildupourreserveswith a
surplusinrent.TheleaseforNo2TheGreeniscurrentlybeingheldoveratthepreviousrent,advicehaving been
soughtfromasurveyortoensurethattherentbeingaskediscomparabletothecurrentmarketrentsforthe area.
The leaseforNo 7 was renewedin 2016on a 5-yearterm.The leasewas renewedIn January2021foroneyear, with
an option to extend.
```
```
We continue without a Federation Secretary, which has been the case since April 2020.
```
```
Approved by order of the board of trustees on 19 January 2022 and signed on its behalf by:
```
```
Mrs L Reed-Wenman - Trustee
```
```
Page 5
```
```
Independent Examiner's Report to the Trustees of
The Middlesex Federation Of Women's
Institutes
```
## **`Independent examiner's report to the trustees of The Middlesex Federation Of Women's Institutes`**
```
I reportto the charitytrusteeson my examinationof the accountsof The MiddlesexFederationOf Women's Institutes
(the Trust) for the year ended 31 August 2021.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutundersection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Ketan Ramesh Patel FCCA
Merchant & Co
Chartered Certified Accountants
20 Exhibition House
Addison Bridge Place
London
W14 8XP
```
```
19 January 2022
```
```
Page 6
```
```
The Middlesex Federation Of Women's
Institutes
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 August 2021`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`40`**
**`Charitable activities`**
`Educational activities`
**`13,889`**
`Other trading activities`
`3`
**`4,566`**
`Investment income`
`4`
**`15,266`**
**`Total`**
**`33,761`**
**`EXPENDITURE ON`**
`Raising funds`
`5`
**`2,748`**
**`Charitable activities`**
`6`
`Educational activities`
**`3,252`**
`Other`
**`13,802`**
**`Total`**
**`19,802`**
`Net gains on investments`
**`-`**
**`NET INCOME`**
**`13,959`**
**`Transfers between funds`**
`16`
**`1,144`**
**`Net movement in funds`**
**`15,103`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`275,612`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`290,715`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`1`**
**`1`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`1`**
**`(1,144)`**
**`(1,143)`**
**`4,679`**
**`3,536`**|**`2021`**
**`Total`**
**`funds`**
**`£`**
**`40`**
**`13,889`**
**`4,566`**
**`15,267`**
**`33,762`**
**`2,748`**
**`3,252`**
**`13,802`**
**`19,802`**
**`-`**
**`13,960`**
**`-`**
**`13,960`**
**`280,291`**
**`294,251`**|`2020`
`Total`
`funds`
`£`
`11`
`16,793`
`7,788`
`15,298`|
|---|---|---|---|
||||`39,890`
`5,773`
`3,754`
`18,137`|
||||`27,664`
`15,000`|
||||`27,226`
`-`|
||||`27,226`
`253,065`|
||||`280,291`|
## **`CONTINUING OPERATIONS`**
```
All income and expenditure has arisen from continuing activities.
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
The Middlesex Federation Of Women's
Institutes
```
## **`Balance Sheet`**
## **`31 August 2021`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`11`
**`608`**
`Investment property`
`12`
**`200,000`**
**`200,608`**
**`CURRENT ASSETS`**
`Debtors`
`13`
**`1,851`**
`Cash at bank`
**`93,205`**
**`95,056`**
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`(4,949)`**
**`NET CURRENT ASSETS`**
**`90,107`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`290,715`**
**`NET ASSETS`**
**`290,715`**
**`FUNDS`**
`16`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`3,536`**
**`3,536`**
**`-`**
**`3,536`**
**`3,536`**
**`3,536`**|**`2021`**
**`Total`**
**`funds`**
**`£`**
**`608`**
**`200,000`**
**`200,608`**
**`1,851`**
**`96,741`**
**`98,592`**
**`(4,949)`**
**`93,643`**
**`294,251`**
**`294,251`**
**`290,715`**
**`3,536`**
**`294,251`**|`2020`
`Total`
`funds`
`£`
`729`
`200,000`
`200,729`
`1,063`
`82,640`
`83,703`
`(4,141)`
`79,562`
`280,291`
`280,291`
`275,612`
`4,679`
`280,291`|
|---|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon19January2022 and
were signed on its behalf by:
```
```
L Reed-Wenman - Trustee
```
```
S Endersby - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements
for the Year Ended 31 August 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, as
modified by the revaluation of certain assets.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Fixtures and fittings- 15% on reducing balance
```
## **`Investment property`**
```
Investmentpropertyis shownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfrom changes
in fair value is recognised in the Statement of Financial Activities.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Debtors`**
```
Tradeandotherdebtorsarerecognisedatthesettlementamount.Prepaymentsarevaluedatthe amount
prepaid.
```
## **`Cash and cash equivalents`**
```
Cashandcashequivalentsarerepresentedbycashinhand,depositsheldatcallwithfinancial institutions,
with insignificant risk of change in value.
```
## **`Creditors`**
```
Liabilitiesandprovisionsarerecognisedwhenthereis anobligationattheBalancesheetdateas a resultof a
pastevent.Liabilitiesarerecognisedattheamountthecharityanticipatesitwillpaytosettlethe debt.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
continued...
```
```
Page 9
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Going concern and effect of Coronavirus epidemic`**
```
Thefinancialstatementshavebeenpreparedonthebasisofgoingconcern.Duetothehighlevelof reserves
there are no material uncertainties regarding going concern for the next 12 months.
```
## **`2. DONATIONS AND LEGACIES`**
## **`3.`**
## **`4.`**
|`Donations`
**`OTHER TRADING ACTIVITIES`**
`Publications`
`Subcommittees' activities`
`Special efforts and other activities`
`200 Club`
`ACWW Charity collections`
`Conference income`
`Pooling income`
`Insurance`
`Events income`
**`INVESTMENT INCOME`**
`Rent receivable`
`Deposit account interest`|**`2021`**
**`£`**
**`40`**
**`2021`**
**`£`**
**`887`**
**`142`**
**`834`**
**`1,350`**
**`240`**
**`-`**
**`-`**
**`785`**
**`328`**
**`4,566`**
**`2021`**
**`£`**
**`15,000`**
**`267`**
**`15,267`**|`2020`
`£`
`11`
`2020`
`£`
`1,480`
`1,442`
`586`
`1,512`
`55`
`385`
`18`
`775`
`1,535`
`7,788`
`2020`
`£`
`15,000`
`298`|
|---|---|---|
|||`15,298`|
```
Investment property held for use in Operating Leases (as Lessor):
```
```
The future minimum lease payments receivable under non-cancellable leases for the following period are:
```
||**`2020`**|
|---|---|
||**`£`**|
|`No later than one year`|**`15,000`**|
```
continued...
```
```
Page 10
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 31 August 2021
```
## **`4. INVESTMENT INCOME - continued`**
```
Thecharity'sfreeholdpropertyat2TheGreen,WestDraytoncontinuestobeletonanoperatinglease with
effect from 1 September 2016.
```
```
In the absence of a new signed lease, the table above assumes an expiry date of 31 August 2022.
```
## **`5. RAISING FUNDS`**
## **`Raising donations and legacies`**
|**`Raising donations and legacies`**|||
|---|---|---|
||**`2021`**|`2020`|
||**`£`**|`£`|
|`Publications`|**`147`**|`877`|
|`Subcommittees' activities`|**`340`**|`773`|
|`Special efforts and other activities`|**`834`**|`193`|
|`200 Club`|**`1,075`**|`1,477`|
|`Denman Bursaries`|**`-`**|`143`|
|`ACWW Charity appeals and donations`|**`240`**|`55`|
|`Conference expenditure`|**`100`**|`316`|
|`Events expenditure`|**`12`**|`1,939`|
||**`2,748`**|`5,773`|
## **`6. CHARITABLE ACTIVITIES COSTS`**
|**`6.`**|**`CHARITABLE ACTIVITIES COSTS`**||
|---|---|---|
|||`Support`|
|||`costs (see`|
|||`note 7)`|
|||`£`|
||`Educational activities`|**`3,252`**|
|**`7.`**|**`SUPPORT COSTS`**||
|||`Governance`|
|||`costs`|
|||`£`|
||`Educational activities`|**`3,252`**|
```
continued...
```
```
Page 11
```
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The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
```
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2021norforthe year
ended 31 August 2020.
```
## **`Trustees' expenses`**
```
Trusteestravelexpenseswerereimbursedto2 (2020:9) trusteesintheyearended31/08/2021amounted to
£252 (2020: £1,138).
```
## **`9. STAFF COSTS`**
|`Wages and salaries`
`The average monthly number of employees during the year was as follows:`
`Administration`
`No employees received emoluments in excess of £60,000.`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`11`
**`Charitable activities`**
`Educational activities`
`16,793`
`Other trading activities`
`6,965`
`Investment income`
`15,293`
**`Total`**
`39,062`
**`EXPENDITURE ON`**
`Raising funds`
`5,773`
**`Charitable activities`**
`Educational activities`
`3,754`
`Other`
`18,137`
**`Total`**
`27,664`|**`2021`**
**`£`**
**`-`**
**`-`**
**`2021`**
**`-`**
`Restricted`
`funds`
`£`
`-`
`-`
`823`
`5`
`828`
`-`
`-`
`-`
`-`|`2020`
`£`
`4,618`
`4,618`
`2020`
`1`
`Total`
`funds`
`£`
`11`
`16,793`
`7,788`
`15,298`|
|---|---|---|
|||`39,890`
`5,773`
`3,754`
`18,137`|
|||`27,664`|
## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
```
continued...
```
```
Page 12
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```
The Middlesex Federation Of Women's
```
```
Institutes
```
```
Notes to the Financial Statements - continued
```
## **`for the Year Ended 31 August 2021`**
## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`10.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|||
|---|---|---|
|`Unrestricted`
`funds`
`£`
`Net gains on investments`
`15,000`
**`NET INCOME`**
`26,398`
**`Transfers between funds`**
`277`
**`Net movement in funds`**
`26,675`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`248,937`
**`TOTAL FUNDS CARRIED FORWARD`**
`275,612`
**`11.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 September 2020`
`Disposals`
`At 31 August 2021`
**`DEPRECIATION`**
`At 1 September 2020`
`Charge for year`
`Eliminated on disposal`
`At 31 August 2021`
**`NET BOOK VALUE`**
`At 31 August 2021`
`At 31 August 2020`|`Restricted`
`funds`
`£`
`-`
`828`
`(277)`
`551`
`4,128`
`4,679`|`Total`
`funds`
`£`
`15,000`|
|||`27,226`
`-`|
|||`27,226`
`253,065`|
|||`280,291`|
|||`Fixtures`
`and`
`fittings`
`£`
**`1,063`**
**`(49)`**
**`1,014`**
**`334`**
**`107`**
**`(35)`**
**`406`**
**`608`**
`729`|
```
continued...
```
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Page 13
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```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
```
## **`for the Year Ended 31 August 2021`**
## **`12. INVESTMENT PROPERTY`**
|**`FAIR VALUE`**
`At 1 September 2020`
`and 31 August 2021`
**`NET BOOK VALUE`**
`At 31 August 2021`
`At 31 August 2020`|**`£`**
**`200,000`**|
|---|---|
||**`200,000`**|
||`200,000`|
```
TherevaluationatmarketvaluesubjecttoexistingtenancywasprovidedbyMrACBartonofGibbs Gillespie
SurveyorsLimited,amemberofRICS,on07/12/2020.TheTrusteesareoftheopinionthatthevalueasat 31
August 2021 was unchanged.
```
```
If the investment property had not been revalued it would have been included at the historical cost:
```
|`Cost`
**`13.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other debtors`
`Prepayments`
**`14.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Money held on behalf of NFWI`
`Accrued expenses`
`Deferred income`||**`2021`**||`2020`|
|---|---|---|---|---|
|||**`£`**||`£`|
|||**`185,000`**||`185,000`|
||||||
|||**`2021`**
**`£`**
**`427`**
**`1,424`**
**`1,851`**
**`2021`**
**`£`**
**`454`**
**`2,614`**
**`1,881`**
**`4,949`**||`2020`
`£`
`-`
`1,063`
`1,063`
`2020`
`£`
`229`
`2,245`
`1,667`
`4,141`|
```
Deferred income is rent received for period after year end.
```
```
continued...
```
```
Page 14
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
```
## **`15. LEASING AGREEMENTS`**
```
Minimum lease payments under non-cancellable operating leases fall due as follows:
```
|`Within one year`
`Between one and five years`|**`2021`**
**`£`**
**`9,270`**
**`3,112`**
**`12,382`**|`2020`
`£`
`8,490`
`-`|
|---|---|---|
|||`8,490`|
```
TheoperatingleaseisonUnit3,7TheGreen,WestDrayton,andwasoriginallyfor5yearsfrom1 January
2016, it was extended on 05 November 2021 to 31 December 2022.
```
## **`16. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
`Fair value`
**`Restricted funds`**
`MFWI Bursaries`
`Agnes Salter Fund`
`NFWI Suspended`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`MFWI Bursaries`
**`TOTAL FUNDS`**|`At 1.9.20`
`£`
**`100,984`**
**`174,628`**
**`275,612`**
**`1,905`**
**`191`**
**`2,583`**
**`4,679`**
**`280,291`**
`s follows:`|`Net`
`movement`
`in funds`
`£`
**`13,959`**
**`-`**
**`13,959`**
**`1`**
**`-`**
**`-`**
**`1`**
**`13,960`**
`Incoming`
`resources`
`£`
**`33,761`**
**`1`**
**`33,762`**|`Transfers`
`between`
`At`
`funds`
`31.8.21`
`£`
`£`
**`1,144`**
**`116,087`**
**`-`**
**`174,628`**
**`1,144`**
**`290,715`**
**`-`**
**`1,906`**
**`-`**
**`191`**
**`(1,144)`**
**`1,439`**
**`(1,144)`**
**`3,536`**
**`-`**
**`294,251`**
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(19,802)`**
**`13,959`**
**`-`**
**`1`**
**`(19,802)`**
**`13,960`**|
|---|---|---|---|
```
continued...
```
```
Page 15
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
```
## **`16. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|`Net`
`movement`
`At 1.9.19`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`74,309`
`26,398`
`Fair value`
`174,628`
`-`
`248,937`
`26,398`
**`Restricted funds`**
`MFWI Bursaries`
`1,900`
`5`
`Agnes Salter Fund`
`191`
`-`
`NFWI Suspended`
`2,037`
`823`
`4,128`
`828`
**`TOTAL FUNDS`**
`253,065`
`27,226`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`39,062`
`(27,664)`
**`Restricted funds`**
`MFWI Bursaries`
`5`
`-`
`NFWI Suspended`
`823`
`-`
`828`
`-`
**`TOTAL FUNDS`**
`39,890`
`(27,664)`|`Transfers`
`between`
`At`
`funds`
`31.8.20`
`£`
`£`
`277`
`100,984`
`-`
`174,628`
`277`
`275,612`
`-`
`1,905`
`-`
`191`
`(277)`
`2,583`
`(277)`
`4,679`
`-`
`280,291`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`15,000`
`26,398`
`-`
`5`
`-`
`823`
`-`
`828`
`15,000`
`27,226`|
|---|---|
```
continued...
```
```
Page 16
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
```
## **`16. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
`Fair value`
**`Restricted funds`**
`MFWI Bursaries`
`Agnes Salter Fund`
`NFWI Suspended`
**`TOTAL FUNDS`**|`At 1.9.19`
`£`
`74,309`
`174,628`
`248,937`
`1,900`
`191`
`2,037`
`4,128`
`253,065`|`Net`
`movement`
`in funds`
`£`
`40,357`
`-`
`40,357`
`6`
`-`
`823`
`829`
`41,186`|`Transfers`
`between`
`funds`
`£`
`1,421`
`-`
`1,421`
`-`
`-`
`(1,421)`
`(1,421)`
`-`|`At`
`31.8.21`
`£`
`116,087`
`174,628`|
|---|---|---|---|---|
|||||`290,715`
`1,906`
`191`
`1,439`|
|||||`3,536`|
|||||`294,251`|
```
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Gains and`|`Gains and`|`Movement`|
|---|---|---|---|---|---|
||`resources`|`expended`|`losses`||`in funds`|
||`£`|`£`|`£`||`£`|
|**`Unrestricted funds`**||||||
|`General fund`|`72,823`|`(47,466)`|`15,000`||`40,357`|
|**`Restricted funds`**||||||
|`MFWI Bursaries`|`6`|`-`||`-`|`6`|
|`NFWI Suspended`|`823`|`-`||`-`|`823`|
||`829`|`-`||`-`|`829`|
|**`TOTAL FUNDS`**|`73,652`|`(47,466)`|`15,000`||`41,186`|
## **`Transfers between funds`**
```
MoneyreceivedfromsuspendedNewFederationsoftheWomen'sInstitute(NFWI)isheldforthreeyears in
therestrictedfundtobeusedfornewlyformedWomen'sInstitutesinthatarea.IfnoWomen'sInstitute is
formed within this period the money is transferred to the Unrestricted fund.
```
```
continued...
```
```
Page 17
```
```
The Middlesex Federation Of Women's
Institutes
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
```
## **`17. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 August 2021.
```
```
Page 18
```
```
The Middlesex Federation Of Women's
Institutes
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 August 2021`**
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`40`**|`11`|
|**`Other trading activities`**|||
|`Publications`|**`887`**|`1,480`|
|`Subcommittees' activities`|**`142`**|`1,442`|
|`Special efforts and other activities`|**`834`**|`586`|
|`200 Club`|**`1,350`**|`1,512`|
|`ACWW Charity collections`|**`240`**|`55`|
|`Conference income`|**`-`**|`385`|
|`Pooling income`|**`-`**|`18`|
|`Insurance`|**`785`**|`775`|
|`Events income`|**`328`**|`1,535`|
||**`4,566`**|`7,788`|
|**`Investment income`**|||
|`Rent receivable`|**`15,000`**|`15,000`|
|`Deposit account interest`|**`267`**|`298`|
||**`15,267`**|`15,298`|
|**`Charitable activities`**|||
|`Membership fees`|**`13,889`**|`16,793`|
|**`Total incoming resources`**|**`33,762`**|`39,890`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`Publications`|**`147`**|`877`|
|`Subcommittees' activities`|**`340`**|`773`|
|`Special efforts and other activities`|**`834`**|`193`|
|`200 Club`|**`1,075`**|`1,477`|
|`Denman Bursaries`|**`-`**|`143`|
|`ACWW Charity appeals and donations`|**`240`**|`55`|
|`Conference expenditure`|**`100`**|`316`|
|`Events expenditure`|**`12`**|`1,939`|
||**`2,748`**|`5,773`|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```
```
The Middlesex Federation Of Women's
Institutes
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 August 2021`**
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|**`Raising donations and legacies`**|||
|**`Other`**|||
|`Wages`|**`-`**|`4,618`|
|`Insurance`|**`1,012`**|`1,086`|
|`Office management`|**`3,489`**|`3,168`|
|`Repair and maintenance`|**`46`**|`226`|
|`Rent payable`|**`8,770`**|`8,490`|
|`Website expenses`|**`364`**|`420`|
|`Depreciation of fixtures and fittings`|**`107`**|`129`|
|`Loss on disposal of tangible fixed assets`|**`14`**|`-`|
||**`13,802`**|`18,137`|
|**`Support costs`**|||
|**`Governance costs`**|||
|`Trustees' expenses`|**`252`**|`1,138`|
|`Independent examination`|**`1,650`**|`1,638`|
|`Accountancy fee`|**`870`**|`978`|
|`Legal & professional fees`|**`480`**|`-`|
||**`3,252`**|`3,754`|
|`Total resources expended`|**`19,802`**|`27,664`|
|**`Net income`**|**`13,960`**|`12,226`|
```
This page does not form part of the statutory financial statements
```
```
Page 20
```