Chariry registrntion number. 1191427 The Devon Federation of Women's Institutes (A Charitable IncDrporated OryanisatiOD) Annual Report and Flnancial Statements for theyear Ended 31 October 2024 Smart Accounting & Tax Soliitions LLP 74A Station Road E3St Oxted Surrey RH8 OPG
The Devon Federatlon of Women's Institutes Reference and Administrathve Detsils Charlty Reglstra¢Jon Number 1191427 Regtstered Office The Firs Honiton Road Clyst Honiton Exeter Devon EX5 2FT Independent Examlner Smart Accounting& Tax Solut6ons LLP 74A Statton Road Eart Oxted Surrey RH8 OPG Page I
The Devon Federatlon of Women's Instltutes Contents Reference and Administrative Detsils Trustees. Reporr 2to6 Independent Examinerfs Report Statement of Financial Activities 8t09 Balance Sheet Iotoii Notes to the Financial Statements 12to26
The Devon Federadon ofwomen's Insdtutes Trustees, Report The Trustee5 present the annual report together with the flnattclal statements of the charitable incorporated organisation For the yearended 31 October 2024. Oblectlves and artlvlttes Objects tind olms The aims of the Devon Federdtion of Women's In5titute5 are and wi]1 ctsntillue to be: . To provide supporL guidan and advi to Women's InStit£S in Devorn and . To further the purposes ofthe Women's Institutes movement in Devon and elsewhere. Publlcbenellt The Women's Instityte is non-sectarian, non-party politi1 and offers all women the opportunity to elljoy friendship and lifelong learning to widen their horlzons and, together, influence local. national, and international affairs itL accordance with the ConstttutioD and Rules ofthe Women's InStite. The Trustees confim that they have complied with the requirements of section 17 01 the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achlevements and perfornlance The period covered in these accounts has conlinued to be challengin& In the Federation, and in many Wls. we note that It can be difficult to find volunteers and this has an impact on the Board of Trustees. who have reduced to 8 members. and for individual Wts who cannot always find committee mellbbers. As a result the numberof Wls in the Federation continues to decrease. Our Annual Council meeting al Ilfracombe in 2024 proved to successful despite the fact that we did not book a celebrity speaker and it made a 5rnall surplu5 forthe First time in many years. The Annual Carol toncert at Exeter was also successtul and we were able to donate the collertion to charity In memory of a forn)er TfttEe. While many Wls read the Devon Wl News online the printed version is StÈll available For those who wish to buy IL It conbnues to be the gUlar method of COmrnUEkication with our rnembers althrjugh we know thatsome people do not read IL Across the Federation we continue to explore ways to be rnore effectÈve in supporting our members and in taking care OF our resouTtrS. As Elegotiafe new contracts we analyse the costs and benefits before making any dectsiotL We use best practice including multiple quotek Oiir subcommittees work hard io offer extra opportunities to ind1vidu membeE¥ and welcome any suggestions for additional events. However, each of thern formed of Voluntee and without new people it can be dil£U1t to arrange as manyactiviues as we would like. Page 2
The Devon Federatlon of Women's Institutes Trustee5' Report In 202314 Sport and Leisure committee lost four members and gained two. Despite the limited number on the committee they have run many successful events during the year including Skittles, Pamper days and Walks. Plans for other events such as a Netball Day and Sktttle5 taster had to be cancelled due to insufficientparticipant The Food, Cryaft and Skills committee provide refreshments for the lane Austen South West Society meetings which br(ngs In revenue for the federats"orL Theyalso ran their therned lunches at the beginning of the year with Speakers who were auctioneers. These were very successful. The committee ran competitions during the year including the Molly Nosworthy trophy and the diorarnas for the Okehampton Show. While the first gained many entries, wth a display of wonderful placemats at the Annual Council meetin& the latter only had two entries. The FCS committee have declded that they will not run the Okeh3mpton Show in future but it may be arranged by someone else In the Federat(orL The EnwronmenL Re501utiOTLS and Campaigns cornmittee led oll Devon Water Watch having secured external funding to purchase equipmenL 17 W15 were invDlved in the project which finished in October and.worne plan to continue. This was a successful projert linking to the Clean Rivers campaigtL The committee rdn Resolutions awarene events and some tnembers were part oFthe NFWI 5hortiisting day. Combined Arts cotnmittee ran thetr regular tompetitions the St George's Day Trophy and Radio Devon Cup with awards presented at the Annual council rneetin& They also ran a dancing day in luly Focusing on 17th and 19th century dances. Members of their committee contiThued be involved with the organization of the Carol concertat Exeter fJthedraL The Advisers. or Membership Support Committee, continue to offer support and advice to all WES across Devon. PJthough their remit ha5 changed to being responsible for opening and c105ing W15 they have been Stalwart help to many Wls as they faced challenges within their committee&Theyalso offered trdining forsecretaries. Presidents and Treasurer The Federation had 3 staELd at the Devon County Show where member5 of the Board and of Food, Craft and Skills committee ran demortsrrations. They atso ran the ever popular County Quiz at Tnany venues across the county with the final at Longdown village hall. The end of 2023 saw a successful trip to the Christfftas market at Bath which was enjoyed by many Wls. All of these activities give different opportunities to all Wl Tnember& Page 3
The Devon Federatlon of Women's Institutes Trustees. Report Flnandal revlew Our overall income in these accounts Is simllar to the prevlous year bur our totsl expendlture has decreased by around £10,000. Desplte this our expenditure continues to exceed our income. However there has been all improvement in our investments whith has offset any Shortfall and leaves us with an overnll increase in our funds. The Trnstees continue to COTtstandy review all expenditure and to lower Costs where possible. We are looktng to Increase the offers to our metnbets but have had to cancel some planned events where there has been insufficient interesL At 31 October 2024 the total Federation Funds show an incre&qe of £13.433 which is a positive picture. The federation will continue to review investments and scrutinise contracts to ensure they meet our needs. We need to continue to review all income and expendlture to ernsure bestvalue for all Wl Pollcyon reserves The Trustees poliry is to hold sufficient free reserves to do the following: Operate for at least eighteen tnonths should there be a downturn in IDcon)e from investments. loss ofrnembership or other events incurring loss of income. To update office equipmentand provide traininE as required. To enable Advisors to support all Wl5. Our policy to hold substsntial reserves Is continuing to hold us in good stsa Investmentpollryand obleclfves The Trustee's attitude to investment risk is cautious and inYestsnents- are reviewed twiceyearly with an Independent Financial Adviser. the Brnkers and the Trnstres. The Federation holds insurance to cover public liability. employets. liability and personal liability which is reviewed annually to ensure that sufficient cover is maintained and all legislative requirements are meL Page 4
The Devon Federation of Women's Institytes Trustees, Report Trustees and officers The Tru5tEe5 and Officers serving durlDg theyear and since the year end were a5 follows.. Trustees: I Connolly P Keane R Matterfa R Nebbett M Rhodes S Shorthouse E Warson A Bache, (Ex Officio) (resigned 3 April 2024] J E lury (resigned 19 lune 2024) l Middleton (appointed 19 lune 2024) Strurture, governance and management Nuthre ofgovernlry document The Devon Federdiion of Women's Institutss is governed by the Constitution and Rules for County Federations as defined by the National Federation of Women's Instltutes. The Federation registered ag a Charitable Incorporated Organisation (CIO) on 22nd Septemher 2020 and began operating though the CIO on 1st November 2020. Recrultment ttndappointmentof Trusfees Up to twelve Trustees are elected biennially by members of the Women's Instltutes acmss Devon and up to a third of their number can be additionally co-opted. The chairtll3n and olCe[S are elected annually by the Board ofTrustees. Trustees must meet at least five times 3 year, b nortnally it is eleven. to dIs$S Federation and National matters and to take decisions. All trustees are provided with a comprehen5iYe file with relevant policies and guidelines which are kept under constant review. Arrangementsfvrsettlng key managementpersonnelremunerntlon No Trustees are remunerated. Ory¢Tnlsatlonalstrurture Throughout this period the use of The Firs has evolved as it is no longer the place for regular Board or committee meetings. As part of our tUre plans we COT)tinue to exatnine the use and purpose of The Firs. Page 5
The Devon Federatlon of Women's Institutes Trustees, Report statement of Tne$. responslblltttes The Trustees (who are also the dlrectors of The Devon Federation of Wornen'5 Institutes for the purposes of company law) are responsible lor preparing the Trustees, report and the financial sr3tements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland-. Company Law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial stsrements unless they are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resour. including its income and eXpendjtLt. of the charitable company For that period. In preparing these financial ststements, the Trustees are required to: selertsuitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates thatare reasonable and pntdentr stste whether appIlble accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial ststements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charftable Company will continue in bu51ne55. The Trustees are responsible for keeping proper accountirtg records that can disclose with reasonable accuraLy at any time the financial position of the charstable company and enable them to ensure that the financial statements comply with the Companie5 Art 2006. They are also responsible for safeguarding the assets of the charitable compaTly and hell for taking reasorkable 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 infurmatiorj included on the charitable company's website. Legislats"on governing the preparation and dissemination of financtai statements 0Y differ trom legislation in other jurisdirtions. The annual report was approved by the Trustees of the Charity on 29 May 2025 and slgned on its behalf by: M Rhodes Trustee E Watson Chaiman and Trustee Page 6
The Devon Federation of Women's Institutes Independent Examiner's Report to the trustee5 of The Devon Federation of Women's Instltutes {'the Company,) I report to the Charity Trustees on my examination of the accounts of the Charitable Incorporated Organisation (CIO) for the ywar ended 31 October 2024. Responslbllities and basts of report As the Charity'5 Triistees you are responsible for the preparation OF the accounts in accordance with the requiretnents of the Charities Act 2011 ['the 2011 Ac¥). Having satisfied myselfthat the accounts of The Devon Federation of Women's Institutes are not required to be audited and are eligible For independent examination, I report in respect of my examination of your Charity's accounts as carried our under section 145 OF the Charities Act 2011. In carrying out my examination I have followed the Directions 85ven by the Charity Commission under section 145[5)Ib} of the 2011 ACL Independent examlnerfs statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving Tne cause to believe.. accounting records were not kept in respett of The Devon Federntion of Women's Institute5 as required by section 130 of the 2011 Act or 2. the accounts do not accord with those records,. or 3. Ihe accounLs do not comply with the accounb.ng requireTnents of section 396 Of the 2006 Art 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. I have no concerns and have come across no other matters Én connection the examination to which attention should be drawn in this report in order to enable a proper uiiderstanding of the accounts to be reached. Andre nzie-smart Smart Accounting and Tax Solutions LLP 74A Stxtion Road Ea%t Oxted Surrey RH80PG 28 May2025 Page 7
The Devon Federatlon of Women's InstÈtstes Statementof Financial Acllvltles for the Year Ellded 31 October 2024 {Includlng Income and Expendlture Account and Statementof Total Recogntsed Galns and Losses) Unre5trlcted Restrlcted Endowment fund5 funds nds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income Other income 300 53,699 77.143 9,071 1,300 1,600 53,699 77,143 9.071 SA34 Total income 146,047 147.347 Expendlture on." Ralsing rtd$ Charitable activities Other expenditure Totsl expendi Gains11055es on investtnent assets (128.721) (13,864) 8.971 {466} [129,187) (l3,864) B,971 io [151556} (466) (152.02Z) 9,054 9.054 18,108 Net income Transfers between funds 3545 1.300 16.444 8.588 13,433 Net movement In funds 19,989 [15,144) 8.588 13,433 Reconclliation offunds Total funds brought forward 468.322 IOBJ09 108.307 684,938 Total funds carried forward 21 488Jll 93,165 116,89S 698.371 The notes on page5 12 to 26 form an integral part Df these financial statements. Page 8
The Devon Federation ofwomen's Institutes Statement of Financlal Artlvitles for the Year Ended 31 October 2024 (Includlng Income and Expendlture Account and Ststementof Total Recogntsed Ga and Losses) Unrestrlcted Restrlrted Endowment (unth funds fuDds Totsl 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Invesbnent income Other income 350 52.859 76,179 5.204 8.142 4.132 4.482 52.859 76.179 5,204 8.142 Total income 142.734 4.132 146,866 Expendltsre on: Raislng funds Charitable activities Other expenditure (133,326) (19.2151 9.003 (1.177} (1.096) (135,S99) {19,215) 9,003 io Total expenditure Gains/losses on investment assets {161.544] (1.177} [1,096) [163017) 936 936 1,872 Net {expenditure)/income Transfers between funds {19,746) 2,9S5 56 (2.0321 (18.823) Net movement in funds (18,990} 2.199 (2,032} (18.823) Recondliatlon offunds Totsl funds brought forward 487.312 106,110 110.339 703.761 Total fund5 tarrled forward 21 468322 108J09 108.307 684.938 All of the Charity's artivities derive from continuing operatiolls during the above two period& The notes on pages 12 to 26 form an inregrdl pan of these financial statements, Page 9
The Devon Federadon of Women's Instltutes {Reglstratlon number. ) Balance Sheet as at 31 October2024 2024 2023 Note Fixed a&sets Tangible assets Investments 15 16 358,921 202,322 367,892 184.214 561,243 552,106 Currentassets Stocks Debtors Cash at bank and in hand 17 3.218 4,671 148.S35 3,731 1.668 142.666 18 19 156,424 148,065 Credltors: Amounts lalllng due wlthln one year Net currentassets 20 19.296 15.233 137,128 132,832 Net assets 698,371 684.938 Funds o(the Charity: Endowment ndS 116,895 108,307 Restrlcted Income fund5 Restricted lunds 93.165 108.309 Unrestslcted Income funds Unrestricted funds 488.3 11 468.322 Total funds 21 698,371 684,938 The notes on pages 12 to 26 form an integral part of these financial statemen Page 10
The Devon Federadon ofwomen's Instltutes (Reglstrauon number. } Balance Sheet as at 31 October 20Z4 For the financial year ending 31 Ortober 2024 the Charitywas entitled to exernptlon from aud5t under section 477 of the Companies Art 2006 relating to small Companie& Dirertors. responsibilities- The members have not required the Charity to obtsin an audit of its accounts for the year in question In accordance wÈth section 476: and The directors acknowledge their responsibilitie5 for complying with the requirements of the Act with respert lo accounting records and the preparation ofaccounts. The financial statements on pages 8 to 26 were approved by the Trustees. and authorised lor issue on 29 May 2025 and signed on their behalf by; M Rhodes Trt15tee E Warson Chairnian and Trustee The notes on pages 12 to 26 fonn an Integral part of these financial statements. Page 11
The Devon Federation of Women's An5titutes Notes to the Flnaacial Statements for the year Ended 31 October 2024 I Charlty status The Charity is limited by guarantee, incorporated In England aEEd Wales. and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not eXEIng £1 towards the assets ofthe Chariry in the event of liquidation. The address olits registered office is= The Flrs Honiton Road Clyst Honiton Exeter Devon EX5 2Fr These financial statements were authorised lor issue by the Trustees 29 May 2025. Z Accountlng policles Summary of slgnl(Icant accounting policles and keyaccounting estimates The principal acLounting policies applied in the prepararkon of these financial statements are ser out below. These polliies have been consistently applied to all the years presented, unless otherwise stated. Statement ofcompllanee The financial statements have been prepared in accordance with Accounting and Reporting by Charltles.. Statement of Recommended Practitt (applicable to charfties preparing theiT account5 in actordance Mth the Financial Reporting Stsndard applicdble in the UK and Republic OF Ireland IFRS IOZ}} (issued irt October 2019) - (Charities SORP (FRS 1021). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 200& Ba51s of preparntlon The Devon Federation of Women's Institute5 meets the definition of a publhc beneFIt entity under FRS 102. Assets and liabilities are initially recognised at histori cost or transartkon value unless otherwise stated in the relevant accounting polieynotes. Golng concern The Trustees cvnsider that there are no materlal uncertalndes about the Charlty'5 ability to contlnue as a going concern nor any slgnificant areas of uncertainty that affert the carrtg value ofassets held by the Chariry. Page 12
The Devon Federatlon of Women's ILsdtutes Notes to the FIDanclal Statements for the Year Ended 31 October 2024 Income and endowments All income is recognised once the Charity has entitlement to the income, it is probable that the Income will be received and the amount ofthe income receiwable can be measured reltably. Donotlons and legacies Donations are recognised when the Charity has been notified in vTritinE of both the amount and settlement date. In the event that a donation is subjert to conditions that require a level of perlormanLe by the Charity before the Charity 15 entitled to the Funds, the income is deferred and not recognised until either those conditions are fully met. or rhe fulfllment of those Conditions is wholly within the control of the £harityand it 15 probable that these conditions will be fulfilled in the reporting period. Jnvestmentlncome Dlvidends are recognised once the dividend has been dedared and notification has been received of the dividend due. Expendlture Ail expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated ro the applicable expenditure heading that aggregate similar costs to that categDry. Where costs cannot be directly attributed to particular headings ihey have been allocated on a basis consistent with the use of resources. with tentral staff costs allorated on the basi5 of time Spent, and depreciation charBes allocated on the portion of the asset's use. Other suppori costs are allocated based on the spread ofstaff c05t& RaIsIfvlls These are costs Incurred in attrdctinE voluntary incorne, the management of investments and those incurred in tradingactivitt.es that raise funds. Charltoble octlvldes Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for irs beneflciaries. It include5 both costs that can be allocatsd direaly to such activities and those costs oran indirert nature ne$Saryt0 5UPPOrt them. Support costs Support costs Include central fvnrtions and have been allocated to activity c05t categories on a basis consistent with the use of resources. for example. allocaritkg prtsperty Costs by floor areas, orper capita. staff costs by the time spent and other costs by theKrusage. Page 13
The Devon Federatlon of Women's Institutes Notes to the FIDanclal Statements for the Year Ended 31 October ZOZ4 Governance costs These include the costs attiibutable to the Charitys compliance with constitutiona] and statutory requirements, including audiL strdtegic management and Trustees's meetings and reimbursed expense Taxatlon The Charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Charitable Company for UK cotporation 13X purposes. Accordingly, the Charity is potentially exempt from taxation in re5pert DI income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act ZOIO or Section 256 of the Taxation of Chargeable Galns Act 1992. to the extent that such income or gains are applied exclusively to charit2ble purposes. Tanglble flxed a&sets Indiyidual fixed assets are init5ally recorded at cos¢ le55 any subsequent accumulated depreciation and subsequent accumulated imp3irnient1055e& Depreclatlon and amortlsatlon Depreciation is provided on tangible rued assets so as to write off tlle cost or Valuatio less any estimated residual value, over their experted useful economic life as follows: Asset class Land and building5 Depredatton method and rate Z%Straightline 25% Strdight line until NBV reaches £1 Equipment. furnlture and fittlngs Flxed asset Inyestmellts Fixed asset investments, other than programrne related Investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the dlFference bettveen sales proceeds and their market value at the start of the year, or their subsequent cosL and are charged or credited to the Ststement OF Financial Actiwties in the period of disposal. Unrealised Eains and losse5 represent the movement in market values during the year arld are credited or charged to the stament of Financlal Activitles based on the market Ve at the year end. Stock Siock is valued at the lower OF cost and estimated selling price less costs to complete and sell. aft¥r due regard for obsolete and slow moviJ)g stocks. Cost is deternilned using the first-in, first-out IFIFO). Page 14
The Devon Federatlon of Women's IDStltutes Notes to the Ffnancial Statements for the Year Ended 31 October 2024 Cosh and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subjert to an insignificallt risk of change in value. Fund structure Unrestrlcted Income funds are general funds Ehatare available for use at the Trustees discredo in furtherance of the objectives of the Charity. Restricted income funds are those donated For use in a particular are3 or for specific purposes, the use ofwhich is restricted to thatarea or purpos& The endowment funds are where the capital w&5 received for investsnent purposes. There are no restrictions on the use of income from these fund& 3 Income from donatlons and legades Unrestrlcted funds Generthl Restrlcted funds Total 2024 Totsl 2023 Donations and legactes- Donations from individuals Donations from suspended Wls 300 300 350 1,300 1,300 4,132 300 1.300 1,600 4,482 4 Income from charitable actÈvities UnTestrfrted funds General Total 2024 Total 2023 Membership income Tt7ining by adylsers 53,128 571 53,128 571 52,093 766 53.699 S3.699 52,859 Page 15
The Devon Federauon of Women's Instltutes Notes to the Flnanclal Statements for the Year Ended 31 October 2024 5 Income from other tradlng activlties Unrestrlcte fvnds Generdl Total 2024 Totsl 2023 Trading income: Sales- Calenda Sales- Stationery Sales- 2020 mugs Sales- Speakerbook Sales- Devon Wl News Sales- Diaries Recovery- Postage Devon News Events incorne. Events income 1.242 35 435 1.652 6.243 907 2,129 61 243 61 243 5,343 5.343 2.411 2,411 69.075 69,075 63.536 77,143 77,143 76,179 6 Investment Income Unrestrlrted funds General Totsl 2024 Total 2023 Interest receivable and similar income: Interest receivable on bank deposits Other income from fjxed asset Investments 1.095 7.976 1.095 7.976 184 5,020 9,071 9,071 5.204 Page 16
Tbe Devon Federatlon olwomen's Institutes Notes to the Flnanclal Statements for the Year Ended 31 October Z024 7 Otherlncome ureSCted funds General Total Z024 Total 2023 NFWI raffle income 300+ club Postage recovery Insurance recovery Other income NFWI subs¢riptions 116 116 370 1,650 525 98 370 3585 1,386 377 3.585 1.386 377 3.417 2,458 5,834 5.834 8.142 8 Expenditure on ralslng thnds a) Costs oftrddingactlvldes Unrestritted Endowment funds funds General Perjnanent Total 2024 Note Costs of goods sold Events and conferences Allocated 5UPPOrt costs S25 52,628 525 52,628 466 li 466 53.153 466 53.619 Unrestricted funds General Endowtnent nd5 Pernianent Re5trictsd funds Total 2023 Note Costs ofgoods sold Events and conferences Allocated supporl costs 1502 46.606 1.177 2,679 46.606 1.096 li 1.096 48,108 1,177 1.096 50,381 Page 17
The Devon Federatlon of Women's Instltutes Notes to the Flnancial Statements for the Year EDded 31 October 2024 b} Othercosts Unrestricted fund5 General Total 2024 Total 2023 Note lgaI fees Wages and salaries Staff pen51ons (Defined contribution) Water rates Light, heatand power Insurdnce RepaiEs and maintenance Equipment repairs and renewals Telephone aThd Fax Printin& postage and stationery Trade subscriptions Hire of otheras5ets {Operab"ng leases) Sundry expenses Office general Office running costs 4.275 45.699 3,656 494 2.461 3.936 3,210 4.275 45,699 3.656 494 2,461 3.936 3.210 11302 45,234 3.964 325 2368 3.403 4.715 130 2,386 3588 189 2,001 3.935 194 1,484 2.731 4.083 174 1.032 1.912 ios 1,800 2.731 4.083 174 1,032 1.912 105 1.800 75,568 75,568 85.218 Page 18
The Devon Federation of Women's IDStltutes Notes to the Flnanclal Statements for the Year Ended 31 October 2024 9 Expenditure ou drttable artlvittes Unrestrfrted fun General Total 2024 Total 2023 Note Devon Wl New5 Workshop costs Subcommittee trayelling Federation travel Advisers travel Subcommittee general Governance tusts 4,813 4,334 2.163 344 628 1.324 258 4,813 4.334 2.163 344 628 1,324 258 4,131 9,263 2,268 413 1,285 1,170 685 li 13.864 13,864 19.21S IOOther expendlture Unrestrlcred lunds General Total 2024 Total 2023 Note Depreciation, amortisation and other similar costs 8.971 8,971 9,003 8,971 8,971 9.003 Page 19
The DevoD Federatlon of Women's Jnsdthtes Notes to the FfnaDclal Statements for the Year Ended 31 October 2024 IIAnalysls ofgovernance and supportcosts Governance costs Unre5tr1cted lunds General Total 2024 Total 2023 Board trdvel Trainingof volurtteers 258 258 630 55 258 258 685 12Net Incomlng/outgolngresource5 Net outgoing resources for the year include: 2024 2023 Depreciation of fixed assets 8,971 9,003 13Trustees remunerdtlon and expenses During the year the Charity made the following transactions with Trustees: £97 {2023: £163) of expenses were reimbursed to during theyear. No Trustees. nor any persons connerted with them. have received any remunerdtion from the Charity during the year. 14Taxation The Charity is a registered charity and is therefore exempt fromtaxation. Page 20
The Devon Federation of Women's Instltutes Notes to the Flnanclal Statements for the Year Ended 31 October 2024 15Tanglble ftxed assets Furnlture Land and buildiDgs equipment Total Cost At l NovemberZ023 448,560 16,3 L7 464.877 At31 Ortober2024 448 560 16,317 464,877 Depredatlon At l November2023 Charge for theyear At 3 1 October 2024 80,709 8,971 16,276 9A985 8.971 89,680 16.276 105.956 Net book value At31 Ortober2024 358.880 41 358,921 At 3 1 October 2023 367,85 I 41 367.892 Page 21
The Devon Federation of Women's Institutes Notes to the Flnauclal Statements for the Year Ended 31 October 2024 16Flxed a55et Investments Other Investmevts Listed investments Total Costor Valuatlon At l November 2023 Revaluation 184,214 18,108 184,214 18,108 At 31 Ortober 2024 202.322 202,322 Net book value At 31 October 2024 202,322 202,322 At 31 October 2023 184.214 184,214 The market walue of the Ilsted investmenrs ai 31 October 2024 was £202,322 Individual holdings representing rnore than 5% of the market value at the balance sheet date are= Maitland Institutional Services Ltd Mthly High Inc C GBP Inc £119,136 Maitland Institutional Services Ltd Multi Ast 3 Mode A Inc £81.845 17Stock 2024 2023 Stocks 3,218 3.731 18Debtors 2024 2023 Prepayments Other debr$ 4,052 619 523 1,145 4,671 1,668 Page 22
The Devon Federdtlon of Women's Instite5 Note5 to the FIDanclal Statements for the Year Ended 31 October 2024 19Cash and cash Èqulvalents Z024 2023 Cash on hand Cash at bank Short-tenn deposits 26 137,882 4,758 139,479 9,056 148535 142,666 20Credltors: amounts falling due wlthln one year 2024 2023 Accruals 19,296 15.233 Page 23
Notss the Fthathoa1SlteRits tortheYearEAdd31 Ikwber2024 21Funds Other vbtt IttL))rttbJ¢ ResouT(es E£ts8nlsed 2023 rfa•M(cw oxpentht Trt•sf•ts ylnsl(knsse5) BalhcBat 31 OrtLbbEr ZQZ4 UDTe5tr1rted GEneral 46BJ22 I516 1&4H 9.D 488Jii Restrktedfiknds 5uspebded $FUnd Bursa¥ies Fund 97.613 ID.696 92.469 108JOg ijoo 93.165 PernianEnt IOBJO? 9.054 116.895 TO¢ 684.938 147J47 151022 I&LD8 598371
Ilotesto the S1¥te• fortheYearFadwl Jl(K-tober2Q24 The.TrcclficpufPD5E51DrwhKhthtsfvthare 10 beapplIedre rdtow SuspondEd Wls Fund. Whtnawl SJ5PEnds the[UjE1sed0nJrP lorthreeIr5Tr they•rEaVdilable loruse bya n•w Wl that f¥rTh In th4 same area orifthe rtforr¢the fur the wi. Arterthryty¢arsth¢ fyndsarn Msftrred tu itst aDd anb¢ ysed by theSedet¥ltorL Bursartes Ftynd. Sotnt Wls T¥5 fDr DEnmn rolleF befre it ¢W iTh 202Q These wf5 have YequEktrd that the not rtiirned rD them after the Colge.% L4asutt but h¢ld by the FderalIiin ID be uyed for ¢SarIeS fv Denman Tht COu¥Sts In thy fuiure. Tht Feder4linn aL¥o h0rrTXIswhlr3re beusedasbuvsarits 0¢ThrfUnds£l.69+ Diarnondlubilee E450 MtssAM Brow FuhdE500 Mrs D Earlv Fund E400 MrD Gould Fund £4.llOO Rudd Pvnd £S,DOO Burs3ryFu £650 Pennaneni ErtdoTnEllt FundThesefullds Weftlmverted folbJ*Tra fvod rJiDE1PppL Themèrwywas raCt0 prnvidelhVESbnèknts tDyerate incorMthrtheFe<kratOn.The IncornpraTrbe wtdt0rarypurpwbuttheup1 mtrErnll jnvtSte 25
The Devon Federatlon of Women's Insdtutes Notes to the Financial Statements for the Year Ended 31 October 2024 22Analy5ts of net assets between funds Total fvnds at31 October 2024 Unrestrlcted funds General Endowment funds Pernianent Restrleted ds Tangible fixed assets Fixed asset investments Current assets Current liabilities 358,921 101.161 47.526 19.296 358,921 202,322 156.424 19.296 101.161 15.733 93.165 Totsl net assets 488.312 93.165 116.894 698,371 Total funds at31 O(tober 2023 UThrestrirted funds General Endowment funds Permanent Restrlcted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 367.892 92,107 23.556 15.233 367.892 184,214 148,065 15,233 92.107 16.200 108.309 Total net assets 468.322 IOB.309 108,307 684.938 Page 26
The Devon Federatlon olwomen's Institutes Statementof Flnanclal Activities by fund for the Year Ended 31 Ortober 2024 Unrestricted Funds Total Totsl Unre5tr1rte(itnrestrlcted Funds Funds 2024 2023 Income and Endowments (rom.. Donations and legacies Charitable activities Other trdding activities Investment income Other income 300 S3,699 77.143 9.071 5,834 350 52,859 76.179 5,204 8,142 Total income 146,047 142.734 Expendltslre OD". Raising fijnds Charitable activities Other expenditu Total expenditure (128,721) [133,326) [13,864) (19.2 L51 8,971 9.003 1S1.S56 161.5M Net expenditure Transfers between funds 15.509) [18,810) 16,444 756 Other recognlsed galns and lo&se5 Other gains/losses 936 Net movement in funds 19.989 [18,990) Reconctliation of fid$ Funds transferred to enrity Total funds carrled forward 468,322 487,312 488.311 468,322 This page does not form part ofthe statutory financiat statements. Page 27
The Devon Federation of Women's Institutes Statement of Financial Artlvltles by fund for the Year Ended 31 October 2024 Restricted Funds Total Totsl Restrlrted Restricted Funds Funds 2024 20Z3 Income and Endowments from: Donations and legacies 1.300 4,132 Total income 1,300 4.132 Expendlture on: Raising Funds 1,177 Total expenditure 1.177 Net income TransFers beeen funds 1,300 16,444 2.955 756 Net movement in Funds [15,144) 2.199 Recondliation offunds Funds transferred to entity 108.309 106,110 Totsl funds carried forward 93,165 108,309 This page does not form part of the statutory financial statements. Page 28
The Devon Federatlon of Women's Instltutes Statementof Flnandal Activities by for the Year Ended 31 October 2024 Endowment Funds Total Total EndowmentEndowment Funds Funds 2024 2023 Income and Endowments from: Expendlture on: Raising Fund5 466 Total expenditure 466 1,096 Net expenditure Other recogntsed galns and losses OtherE3ins/losses [466) (1,096) 936 Net movement in funds 8.588 [2.032J ReconclllatSon of funds Total Funds bmught for4Yard Total fijnds carried forward IOB.307 110.339 116,895 108.307 Thi5 page dues not form part of the statutory financial statements. Page 29
The Devon Federatlon of Women's Institutes Detalled Statement of Flnancial Actlvltles for the Year Ended 31 October 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies [analysed below) Charitable activities (analysed below] Other trading activities (analysed below) Investment income (analysed below) Other income (analysed below) 1,600 53,699 77.143 9.071 5.834 4,482 52,859 76.179 S,204 8,143 Total income 147.347 146,866 Expenditure on: Raising funds [analysed below) Charitable actSwties (analysed below) Otherexpenditure (analysed below) Total expenditure {129.IB7) (13.864) 8.971 (135599) [19215) 9.003 152,022 163,817 Net expenditure Other recogntsed galns and losses Other gains/losses {analysed below) Net movement in futkds [4,675) {16.951) 18,108 1,872 13,433 {18,823) Reeondllatlon of funds Total funds brought forvrard 684,938 703,761 Totsl futids carried forward 698.371 684,938 ThTrs page does not forni part ofthe ststutory financial ststements. Page 30
The Devon Federatlon of Women's lll5tltutes Detailed Statement of Flnanclal Acdvltles for the Year Ended 31 October 2024 Total 2024 Total 2023 Doftatlons and legacies Appeals and donations Suspended Wls 300 1.300 350 4,132 1,600 4,482 Charltoble ucuvltles Membership income Trainingby advlsers 53,128 571 52,093 766 53.699 Other tradln9 activldes Event income Sales- Speaker book Sales- Devon Wl News Sales. Calendars Sales- Diarie5 Recovery- Postage Devon Wl News Sales- Stsuonery Sales- 2020 Tnugs 69,075 63536 1,652 6,243 1,242 907 2.129 35 435 5.343 2,411 61 243 77.143 76.179 Investment Income Income from listed Investments Interest on cash deposits 7.976 1,095 5.020 184 9,071 5,204 Otherlncome NFWI ralfle income 300+ club Postage recovery Insurance recovery Otherincome NFWI suhseriptions 116 370 1,650 525 98 3,417 2,458 3,585 1.386 5,834 8,142 This page does not form part ofthe statutory ftnancial statements. Page31
The Devon Federatlon of Women's Instltutes Detalled Statement of Flnanclal Artlvltles forthe Year Ended 31 October 2024 Totsl 2024 Totsl Z023 Ralslngfvftds Calendar printing Stationery for resale 2020 celebration rnugs Diary purchases Event costs Reformed Wls Wages and salaries Straff pension5 (Defined contrlbution) Water rates LighL heat and power Insurance Repairs and maintenance Equipment repairs and renewals Telephone and fax Printin& postsge and stationery Trade subscriptions Hire of other assets (Operating leases) Sundry expenses Office general Office running costs Legal and profe55ional fees Permanent Endowment fund Legal and professional fees Unrestricted Fund 722 818 (809} 771 46,606 1.177 45,234 3.964 325 2,368 3.403 4.715 130 2.386 3.588 189 2,001 3.935 194 1.484 1,096 11.302 525 52,628 45.699 3,656 494 2,461 3,936 3,210 2,731 4,083 174 1,032 1.912 105 1.800 466 129,187 135 599 Chqrltoble artlyltles Devon Wl News Workshop costs Subcommittee travelling Federation travel Advisers travel Subcommittee generdl Board travel Training oFYolunteers 4,813 4,334 2,163 4,131 9,263 2,268 413 1,285 1,170 630 55 628 1.324 258 13,864 19.215 This page does not forni part ofthe starOry financial 5teMents. Page 32
The Devon Federadon of Women's InstiMtes Detalled Statement of Flnanclal ArtIdes for the Year Ended 31 October 2024 Total 20Z4 Totsl 2023 Otherexpenditure Depreciation of fixtures and fittings 8,971 9,003 8,971 9.003 Other gainsnosses {Gain}/loss on investments Permanent Endowment fund (G3in)Noss on invertments Unrestricted fijnd (9.054) 9.054 936 936 18,108 l.B72 Thls page does not form part of the rtatutory financial stalements. Page 33