2023-10-31-accounts - The Devon Federation Of Women's Institutes

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Reference and Administrative Details
Trustees' Report	2to 6
Independent Examiner's Report
Statement ofFinancial Activities	8to 9
Balance Sheet	10to 11
Notes to the Financial Statements	12to 27

		Gains and L	osses)
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2023
	Note	E	E	E	E
Income and Endowments	from:
Donations and legacies	3	350	4,132		4,482
Charitable activities	4	52,859			52,859
Other trading activities	5	76,179			76,179
Investment income	6	5,204			5,204
Other income	7	8,142			8,142
Total income		142,734	4,132		146,866
Expenditure on:
Raising funds	8	(133,326)	(1,177)	(1,096)	(135,599)
Charitable activities Other expenditure	9 10	(19,215) ~9,tl03			(19,215) ~9,003
Total expenditure		(161,544)	(1,177)	(1,096]	(163,817)
Gains/losses on investment assets		936		~936	~1,872
Net (expenditure)/income Transfers between funds		(19,746] 756	2,955 ~756	(2,032)	(18,823)
Net movement in funds		(18,990]	2,199	(2,032)	(18,823)
Reconciliation offunds
Total funds brought forward		487,312	106,110	110,339	703,761
Total funds carried forward	21	468,322	108,309	108,307	684,938

			Gains and L	osses)
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	2022
		Note	E	E	E	E
Income and Endowments		from:
Donations and legacies		3	404	77,038		77,442
Charitable activities		4	50,569			50,569
Other trading activities		5	61,716			61,716
Investment income		6	5,655			5,655
Other income		7	3,968			3,968
Total income			122,312	77,038		199,350
Expenditure on:
Raising funds		8	(131,082)		(1,709)	(132,791)
Charitable activities Other expenditure		9 1tl	(12,885) ~9,244			(12,885) ~9,244
Total expenditure			(153,211]		(1,709)	(154,920)
Gains/losses on investment assets			12,261		~22,261	~24, 622
Net (expenditure)/income Transfers between funds			(43,160) ~1,726	77,038 ~461	(13,970) 2,177	19,908
Net movement in funds			(44,886)	76,587	(11,793)	19,908
Reconciliation offunds
Total funds brought	forward		532,198	29,523	122,132	683,853
Total funds carried	forward	21	487,312	106,110	110,339	703,761

		Balance Sheet asat31	October 20	23
				2023	2022
			Note	E	E
Fixed assets
Tangible assets			15	367,892	376,895
Investments			16	184,214	216,101
				552,106	592,996
Current assets
Stocks			17	3,731	3,705
Debtors			18	1,668	1,037
Cash at bank	and in hand		19	142,666	122,496
				148,065	127,238
Creditors: Amounts		falling due within one year	23	~23,233	~16,673
Net current	assets			132,832	110,765
Net assets				684,938	703,761
Funds ofthe	Charity:
Endowment	funds			108,307	110,339
Restricted income funds
Restricted funds				108,309	106,110
Unrestricted	income	funds
Unrestricted	funds			468,322	487,312
Total funds			21	684,938	703,761

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2023	2022
				6	8
Donations	and legacies;
Donations		from individuals		350		350	404
Donations		from suspended	Wls		4,132	4,132	77,038
				350	4,132	4,482	77,442

			Unrestricted
			funds	Total	Total
			General	2023	2022
				8	6
Membership		income	52,093	52,093	49,919
Training	by	advisers	766	766	650
			52,859	52,859	50,569

5 Income from	other trading activities
		Unrestricted
		funds	Total	Total
		General	2023	2022
		6	6
Trading income;
Sales - Calendars		1,242	1,242
Sales - Stationery		35	35	211
Sales - 2020 mugs		435	435	830
Sales - Speaker book		1,652	1,652	66
Sales - Devon	Wl News	6,243	6,243	7,413
Sales —Diaries		907	907	3,101
Recovery- Postage Devon WI News		2,129	2,129	3,654
Events income;
Events income		63,536	63,536	46,437
		76,179	76,179	61,716
6 Investment	income
		Unrestricted
		funds	Total	Total
		General	2023	2022
		6	6
Interest receivable and similar income;
Interest receivable on bank deposits		184	184	27
Other income from fixed asset investments		5,020	5,020	5,628
		5,204	5,204	5,65S

7 Other income
	Unrestricted
	funds	Total	Total
	General	2023	2022
			E
NFWI raffle income	1,650	1,650	504
300+club	525	525	755
Postage recovery	98	98	199
Insurance recovery Other income NFWI subscriptions	3,417 2,458 ~6	3,417 2,458 ~6	2,468 38 4
	8,142	8,142	3,968

a) Costs of trading activi	ties
		Unrestricted		Endowment
		funds	Restricted	funds	Total
		General	funds	Permanent	2023
	Note	E	E	E	E
Costs ofgoods sold		1,502	1,177		2,679
Events and conferences		46,606			46,606
Allocated support costs	11			1,096	1,096
		48,108	1,177	1,096	50,381
			Unrestricted	Endowment
			funds	funds	Total
			General	Permanent	2022
		Note	E	E	E
Costs ofgoods sold			3,949		3,949
Events and conferences			41,351		41,351
Allocated support costs				1,709	1,709
			45,300	1,709	47,009

b) Other costs
		Unrestricted
		funds	Total	Total
		General	2023	2022
	Note
Legal fees		11,302	11,302	7,399
Wages and salaries		45,234	45,234	44,387
Staff pensions (Defined contribution)		3,964	3,964	4,430
Water rates		325	325	450
Light, heat and power		2,368	2,368	2,852
Insurance		3,403	3,403	3,315
Repairs and maintenance		4,715	4,715	8,135
Equipment repairs and renewals		130	130
Telephone and fax		2,386	2,386	2,441
Printing, postage and stationery		3,588	3,588	5,607
Trade subscriptions		189	189	279
Hire ofother assets (Operating leases)		2,001	2,001	1,834
Sundry expenses		3,935	3,935	2,419
Office general		194	194	376
Office running costs		1,484	1,484	1,858
		85,218	85,218	85,782

9 Expendi	ture	on charitable a	ctivities
				Unrestricted
				funds	Total	Total
				General	2023	2022
			Note	E	E	E
Devon Wl News				4,131	4,131	4,606
Workshop	costs			9,263	9,263	1,667
ACWW						255
Subcommittee		travelling		2,268	2,268	1,332
Federation	travel			413	413	666
Advisers travel				1,285	1,285	2,170
Subcommittee		general		1,170	1,170	779
Governance	costs			685	685	1,410
				19,215	19,215	12,885

						Unrestricted
						funds	Total	Total
						General	2023	2022
					Note	E	E	E
Depreciation,	amortisation	and	other	similar
costs						9,003	9,003	9,244
						9,003	9,003	9,244

15Tangible fixed assets
		Furniture
	Land and	and
	buildings	equipment	Total
	6	E
Cost
At 1November 2022	448,560	16,317	464,877
At 31October 2023	448,560	16,317	464,877
Depreciation
At 1November 2022	71,738	16,244	87,982
Charge for the year	8,971	32	9,003
At 31October 2023	80,709	16,276	96,985
Net book value
At 31October 2023	367,851	41	367,892
At 31October 2022	376,822	73	376,895

Other investments
	Listed
	investments	Total
	6
Cost orValuation
At 1November 2022	216,101	216,101
Revaluation	(1,942)	(1,942)
Additions	201,666	201,666
Disposals	~231,611	~231,611
At 31October 2023	184,214	184,214
Net book value
At 31October 2023	184,214	184,214
At 31October 2022	216,101	216,101

17Stock
	2023	2022
Stocks	3,731	3,705

Notes tothe Financial Stateme	nts for the Year Ended 31October 2	023
	2023	2022
		E
Prepayments	523	534
Other debtors	1,145	503
	1,668	1,037

19Cash and cash equivalents	19Cash and cash equivalents
		2023	2022
Cash on hand		26	26
Cash at bank		137,882	117,890
Short-term deposits		4,758	4,580
		142,666	122,496
20Creditors: amounts	falling due within one year
		2023	2022
			6
Accruals		15,233	16,473

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22Analysis ofnet assets bet	ween funds
				Total funds
	Unrestricted		Endowment	at31
	funds	Restricted	funds	October
	General	funds	Permanent	2023
	E	E	E	E
Tangible fixed assets	367,892			367,892
Fixed asset investments	92,107		92,107	184,214
Current assets Current liabilities	23,556 ~13,233	108,309	16,200	148,065 ~16,233
Total net assets	468,322	108,309	108,307	684,938
				Total funds
	Unrestricted		Endowment	at31
	funds	Restricted	funds	October
	General	funds	Permanent	2022
		E	E
Tangible fixed assets	376,895			376,895
Fixed asset investments	108,050		108,051	216,101
Current assets Current liabilities	18,839 ~26,473	106,110	2,289	127,238 ~16,473
Total net assets	487,311	106,110	110,340	703,761

			Total	Total
			UnrestrictetIJnrestricted
			Funds	Funds
			2023	2022
			E	E
Income and Endowments		from:
Donations and legacies			350	404
Charitable activities			52,859	50,569
Other trading activities			76,179	61,716
Investment income			5,204	5,655
Other income			8,142	3,968
Total income			142,734	122,312
Expenditure on:
Raising funds			(133,326)	(131,082)
Charitable activities Other expenditure			(19,215) ~9,363	(12,885) ~9,244)
Total expenditure			~163,344	~233,211
Net expenditure			(18,810)	(30,899)
Transfers between	funds		756	(1,726)
Other recognised Other gains/losses	gains and losses		~936	~12,261
Net movement in funds			(18,990)	(44,886)
Reconciliation of	funds
Funds transferred	to entity		487,312	532,198
Total funds carried	forward		468,322	487,312

			Total	Total
			Restricted	Restricted
			Funds	Funds
			2023	2022
			E
Income and Endowments		from:
Donations and legacies			4,132	77,038
Total income			4,132	77,038
Expenditure on:
Raising funds			1,177
Total expenditure			1,177
Net income Transfers between	funds		2,955 ~755	77,038 ~451
Net movement in funds			2,199	76,587
Reconciliation offunds
Funds transferred	to entity		106,110	29,523
Total funds carried forward			108,309	106,110

		Total	Total
		Endowment	Endowment
		Funds	Funds
		2023	2022
		E	E
Income and Endowments	from:
Expenditure on: Raising funds		~1,tl96	~1,7ll9
Total expenditure		~1,096	~1,709
Net expenditure		(1,096)	(1,709]
Transfers between funds			2,177
Other recognised gains and losses Other gains/losses		~936	~l2, 261
Net movement in funds		(2,032)	(11,793)
Reconciliation offunds
Total funds brought forward		110,339	122,132
Total funds carried forward		108,307	110,339

Detailed Statement o	fFin	ancial Activities fo	r the Year Ended 31Octob	er 2023
			Total	Total
			2023	2022
			E	E
Income and Endowments from:
Donations and legacies (analysed		below)	4,482	77,442
Charitable activities (analysed	below)		52,859	50,569
Other trading activities (analysed		below)	76,179	61,716
Investment income (analysed	below)		5,204	5,655
Other income (analysed below)			8,142	3,968
Total income			146,866	199,350
Expenditure on:
Raising funds (analysed below)			(135,599)	(132,791)
Charitable activities (analysed Other expenditure (analysed	below) below)		(19,215) ~9,003	(12,885) ~9,244
Total expenditure			~163,817	~154,92tl
Net (expenditure)/income			(16,951)	44,430
Other recognised gains and Other gains/losses (analysed	losses below)		~1.87Z	~24,522
Net movement in funds			(18,823)	19,908
Reconciliation offunds
Total funds brought forward			703,761	683,853
Total funds carried forward			684,938	703,761

Detailed Statement ofFinancial Activities f	or the Year Ended 31Octobe	r 2023
	Total	Total
	2023	2022
Donations and legacies
Appeals and donations	350	404
Suspended Wls	4,132	77,038
	4,482	77,442
Charitable activities
Membership income	52,093	49,919
Training by advisers	766	650
	52,859	50,569
Other trading activities
Event income	63,536	46,437
Sales - Speaker book	1,652	66
Sales - Devon Wl News	6,243	7,413
Sales - Calendars	1,242	4
Sales —Diaries	907	3,101
Recovery- Postage Devon WI News	2,129	3,654
Sales - Stationery	35	211
Sales —2020 mugs	435	830
	76,179	61,716
Investment income
Income from listed investments	5,020	5,628
Interest on cash deposits	184	27
	5,204	5,655

	Total	Total
	2023	2022
	6
Other income
NFWI raffle income	1,650	504
300+club	525	755
Postage recovery	98	199
Insurance recovery Other income NFWI subscriptions	3,417 2,458 ~6	2,468 38 4
	8,142	3,968

				Total	Total
				2023	2022
					6
Raising funds
Calendar printing				722
Stationery for resale				818	442
2020 celebration mugs				(809)	809
Diary purchases				771	2,698
Eventcosts				46,606	41,351
Reformed Wls				1,177
Wages and salaries				45,234	44,387
Staff pensions (Defined	contribution)			3,964	4,430
Water rates				325	450
Light, heat and power				2,368	2,852
Insurance				3,403	3,315
Repairs and maintenance				4,715	8,135
Equipment repairs and	renewals			130
Telephone and fax				2,386	2,441
Printing, postage and stationery				3,588	5,607
Trade subscriptions				189	279
Hire ofother assets (Operating leases)				2,001	1,834
Sundry expenses				3,935	2,419
Office general				194	376
Office running costs				1,484	1,858
Legal and professional	fees Permanent	Endowment	fund	1,096	1,709
Legal and professional	fees Unrestricted	Fund		11,302	7,399
				135,599	132,791
Cbaritabie activities
Devon WI News				4,131	4,606
Workshop costs				9,263	1,667
ACWW					255
Subcommittee travelling				2,268	1,332
Federation travel				413	666
Advisers travel				1,285	2,170

Detaile	d Statement	ofFinancia	l Activities	for the Ye	ar Ended 31Octobe	r 2023
					Total	Total
					2023	2022
						6
Subcommittee general					1,170	779
Board travel					630	780
Training ofvolunteers					55	630
					19,215	12,885
Other expenditure
Depreciation	offixtures and	fittings			9,003	9,244
					9,003	9,244
Other gains/losses
(Gain)/loss	on investments	Permanent	Endowment	fund	936	12,261
(Gainj/loss	on investments	Unrestricted	fund		936	12,261
					1,872	24,522