Chariry registration number.. 1191427
The Devon Federation of Women's Institutes
{A Charitable Incorporated Organisation)
Annual Reportand Financial Statements
for the Year Ended 31 October 2025
Smart Accounting & Tax Solutions LLP
74A Station Road East
Oxted
Surrey
RH8 OPG

The Devon Federation of Women's Institutes
Contents
Reference and Administrative Details
Tru5tees' Report
2tog
Independent Examiner's Report
io
Statement of Financial Artivities
llto12
Balance Sheet
13to14
Notes to the Financial Ststements
1Sto29

The Devon Federation of Women's Institutes
Reference and Administrative Details
Charity Registration Number 1191427
Registered Office
The Firs
Honiton Road
Clyst Honiton
Exeter
Devon
EX5 2wr
Independent Examlner
Smart Accounting & Tax Solutions LLP
74A Station Road East
Oxted
Surrey
RH8 OPG
Page I

The Devon Federatlon of Women's Institutes
Trustees, Report
The Trustees present the annual report together with the financial statements of the charitable
Incorporated organisation for the year ended 31 October 2025.
Objectives and activities
Objects and aims
The aims of the Devon Federation of Women's Institutes are and will continue to be..
- To provide support, guidance and adiqce to Women's InSti￿teS in Devon, and
- To further the purposes of the Women's Institutes movement in Devon and elsewhere,
Public beneflt
The Women's Institute is non-sectarian, non-party political and offers all women the opportunity to
enjoy friendship and lifelong learning to widen thelr horizons and. together, influence local,
national. and international affairs In accordance with the Constitut5on and Rules of the Women's
Institute.
The Trustees confirm that they have complied witlj the requirements of Section 17 of the Charitie5
Act ZOII to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Page 2

The Devon Federatlon of Women's Institutes
Trustees. Report
Achievements and perforniance
The period covered in these accounts has continued to be challenging. In the Federation. and in
many Wls, it can be difficult to find volunteers. Individual Wls cannot always find comtnittee
members. As a resulL the number of Wls in the Federation continues to decrease.
Our Annual Council meeting at Exeter in 2025 proved to be successful, despite the fact that we did
not book a high brow celebrity speaker. It made a small surplus for the for the second year running.
The Annual Carol concert at Exeter Cathedral was also successful and also made a small surplus.
While many Wls read the Devon Wl News online, the printed verslon will have a makeover early in
2026. This is still available in print for those who wish to buy it It continues to be the regular
method ofcommunication with our members, although we know that not all members read it.
Across the Federation we continue to explore ways to be more effective in supporting our
members and in tsking care of our resources. A5 we negotiate new contracts, we analyse the costs
and benefits before making any decisions. We use best practice including multiple quotes.
Our sub-committees work hard to offer extra opportunities to individual members and welcome
any suggestions for additional events. However, each of them are formed of volunteers and without
new people it can be difficult to arrdnge as many activities as we would like.
The Sport and Leisure committee they have run many successful events during the year including
Skittles, Pamper day5 and Walk5.
The Federation holiday continues to be very popular and is supported by many. A good time is had
by all.
The Food. Craft and Skills committee provide refreshments for the Jane Austen Southwest Society
meetings which brings in revenue for the federation. These were very successful.
The committee ran competitions during the year including the Molly Nosworthy trophy and
attended the Okehampton Show, just as marketing exercise. Some board members did not want to
attend or found the day to long. This proved to be a success, and we opened a new Wl in
OkehamptonJuly 2025.
Page 3

The Devon Federation of Women's Institutes
Trustees, Report
The Combined Arts Committee ran their regular competitions such as the St George'5 Day Trophy
and Radio Devon Cup with awards presented at the Annual Council Meeting. Members of their
Committee continued to be involved wth the organisation of the carol concert af Exeter Cathedral.
The December 2025 Carol service had very positive feedback and was extremely enjoyable.
The Advisers. or Metnbership Support Committee. continue to offer 5UPPOrt and advice to all WIS
across Devon. Although their remit has changed to being responsible for opening and closing Wls,
they have been st21wart help to many Wls as they faced challenges within their committees. They
also offered training for Secretaries. Presidents and Treasurers.
The Federation had a stand at the Devon County Show where members of the Board and of Food,
Craft and Skills Committee ran demonstrations. They also ran the ever-popular County Quiz at
many venues across the county with the final at Longdown village hall. The end of 2025 saw a trip
to the Christmas market at Bristol whicti was enjoyed by many members. These activitie5 give
different opportunities to all Wl members.
In July 2025. eight new members105ned the Board of Trustees. with two of the existing board
members significantly reinvigorating the Devon Federation with fresh thinkin& new experiences,
and a dynamicapproach to our work.
Page 4

The Devon Federation of Wornen's Institutes
Trustees, Report
Financial review
The Federation's financial position has improved over the past year, with a stronger overall surplus
than in 2024. Total income rose to £174,999. an increase of over £27.000 on the previou5 year. This
was driven primarily by a substantial rise in investment income. which increased from £9.071 Lo
£23.993. Income from charitable activities and trading also showed modest growth.
Expenditure reduced slightly to £149.638. The largest areas of cost remain events. stsffing. and
general running costs. While most categories were broadly Stable, there were some increases in
areas such as insurance and staffing, offset by reductions elsewhere, including event costs and
workshop expendiNre.
The resulting surplus for the year was £25,361, compared with £13,433 in 2024. Total funds
increased to £723,732.
The Balance Sheet shows a shift in the composition of assets. Investment values increased
significantly to £244.130. while cash balances reduced to £135,188, reflecting both investment
activity and working capital movements.
Overall, the Federation remains in a stable Financial position. supported by strong reserves and
improved investment returns. However. the accounts also indicate an ongoing reliance on
investment income, and it will remain important to monitor core income Streams and expenditure
closely.
Pollcy on reserves
The Trustees policy 15 to hold sufficient free reserves to do the following:
Operate for at least eighteen morkths should there be a downturn in income from investments, loss
of membership or other events Incurring loss of income.
To update office equipment and provide training as required.
To enable Advisors to support all Wl5.
Our policy to hold substantial reserves is contlnulng to hold us in good stead.
Page 5

The Devon Federatlon of Women's Instltutes
Trustees, Report
Investmentpolicy and objectives
The Trustee's attitude to investment risk is cautious and investments are reviewed tsvice yearly
with an Independent Financial Adviser, the Brokers and the Trustees. The Federation holds
insurance to cover public liability, employers, liability and personal liability which is reviewed
annually to ensure that sufficient cover is maintained and all legislative requirements are meL
Page 6

The Devon Federatlon of Women's Instltutes
Trustees, Report
Trustees and offlcers
The Trustees and Officer5 senTing during the year and since the year end were as follows..
Trustees..
J Connolly
P Keane (resigned 31 july 2025)
R Matterface (resigned 3 1 luly 2025)
R Nebbett [resigned 31 July 2025)
M Rhodes {resigned 31 July 2025}
S Shorthouse (resigned 31 january 2025)
E Watson (resigned 31 luly 2025)
l Middleton
V Tribble. Treasurer (appointed 3 july 2025]
L Roberts {appointed 3 july 2025}
S Green [appointed 3 july 2025)
L Brothwood (appointed l July 2025 and resigned 3 December
2025)
C Bennett (appointed 3 july 2025)
S Hodges (appointed 3 July 2025)
] Rosser (appointed 2 September 2025)
P Kirby. (Ex Officio) [appointed I july 2025)
Structure, governance and management
Nature ofgoverning document
The Devon Federation of Women's Institutes is governed by the Constitution and Rules for County
Federations as defined by the National Federation of Women's Institutes. The Federation registered
as a Charitable Incorporated Organisation (CIO) on 22nd September 2020 and began operating
though theCIO on IstNovember 2020.
Page 7

The Devon Federatlon of Women's Instltutes
Trustees, Report
Recruith7ent and appointment of Trustees
Up to twelve Trustees are elected biennially by members of the Women's Institutes across Devon
and up to a third of their nutnber can be additionally co-opted. The chairman and officers are
elected annually by the Board of Trustees. Trustees must tneet at least five times a year, but
normally it is eleven. to discuss Federation and National matters and to take decisions. A]1 trustees
are provided with a comprehensive file with relevant policies and guidelines which are kept under
constsnt review.
Arrangementsforsetting keymanagementpersonnel remuneration
No Trustees are remunerated.
Organisatlonalstructure
Throughout this period the use of The Firs has evolved as St Is no longer the place for regular Board
or committee meetings. As part of our future plans we continue to examine the use and purpose or
The Firs.
statement of Trustees. responsibilities
The Trustees (who are also the directors of The Devon Federation of Women's Institutes for the
purposes of company law) are responsible for preparing the Trustees, report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice}. including FRS 102 "The Financial Reporting
Standard appliLable in the UK 2nd 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 statements unles5 they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including its income and expenditure, of the charitable
company for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and apply them consistently,.
observe the methods and principles In rhe Charities SORP-
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards. comprising FRS 102 have been followed, subject
to any material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in busine5S.
The Trustees are responsible for keeping proper accounting records that can disclose with
reasonable accuracy at any time the financial position of the charitable company and enable them
to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets ol the charitable company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Page 8

The Devon Federation of Women's Institutes
Trustees, Report
The Trustees are responsible for the maintenance and integrity of the corporate and financial
Information included on the charitable company's website. Legislation governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report wa5 approved by the Trustees of the Charity on 20 May 2026 and signed on its
behalf by:
l Middleton
Chairman and Trustee
V Tribble
Trustee
Page 9

The Devon Federation of Women's Institutes
Independent Examiner's Report to the trustees of The Devon Federation of Women's
Institutes ('the Company,)
I report to the Charity Trustees on my examlnatlon of the accounts of the Charitable Incorporated
Organisation (CIO) for the year ended 31 October 2025.
Responsibilities and basis of report
As the Charitys Trustees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 ['the 2011 ACV).
Having satisfied myself that 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 Charitys accounts a5 carried out under section 145 of the Charities Art 2011.
In carrying out my examination I have followed the Dirertions given by the Charity Commission
under sertion 145{5)(b) of the 2011 ACL
Independent examlnevs statement
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe:
l. accounting records were not kept in respert of The Devon Federation ofwomen's Institutes as
required by section 130 of the 2011 Act,. or
2. the accounts do not accord with those records.. or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Andrew McKenzie-Smart
Smart Accounting and Tax Solutions LLP
74A Station Road East
Oxted
Surrey
RH8 OPG
20 May 2026
Page 10

The Devon Federation of Women's Institutes
Statement of Financial Activities for the Year Ended 31 October 2025
(Including Income and Expenditure Account and Statement of Total Recognised
Gains and Losses)
Unrestrlrted Restrlrted Endowment
nds
funds
funds
Total
2025
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
6,887
6,887
56,993
79.717
23.993
7.409
56,993
79,717
23.993
7,409
Total income
168,112
6,887
174.999
Expenditure on..
Raising funds
Charitable activities
Other expenditure
Total expenditure
(128,453)
{12,214)
8,971
[128.453)
[12,214)
8.971
io
149.638
149,638
Net income
18,474
6.887
25.361
Net movementin fund5
18,474
6.887
25,361
Reconciliatlon of funds
Total funds brought forward
488,311
93.165
116.895
698,371
Total funds carried forward
21
506,785
100,052
116,895
723.732
The notes on pages IS to 29 form an integral part of these financial statements.
Page 11

The Devon Federation of Women's Institutes
Statement of Financial Actlvltles for the Year Ended 31 October 2025
(Includlng Income and Expenditure Account and Statement of Total Recognlsed
Gains and Losses}
Unrestricted Restricted Endowment
funds
funds
funds
Total
2024
Note
Income and Endowments frotn:
Donations and legacies
Charitable activities
Other trading activities
Investtnent income
300
53.699
77.143
9,071
5,834
1,300
1.600
53,699
77,143
9,071
5,834
Other income
Total income
146,047
1,300
147,347
Expenditure on:
Raising funds
Charitable activities
Other expenditure
(128,721)
(13,864)
[8,971
[466]
[129,187)
(13,864)
8,971
io
Total expenditure
Gainsllosses on investment
assets
[151,556)
[466}
[152,022)
9,054
9,054
18.108
Ner income
3,545
16,444
1,300
16,444]
8,588
13.433
Transfers between funds
Net movement in funds
19,989
(15,144)
8,588
13,433
Reconciliation of funds
Total funds brought forward
468,322
108,309
108,307
684,938
Total funds carried forward
21
488,311
93,165
116,895
698,371
All of the Charity's activities derive from continuing operations during the above two periods.
The notes on pages 15 to 29 form an integral part of these financial statements.
Page 12

The Devon Federation of Women's Institutes
[Reglstratlon number: )
Balance Sheet as at 31 October 2025
2025
2024
Note
Fixed assets
TangSble assets
Investments
15
349,950
244,130
358,921
202,322
16
594,080
561.243
Current assets
Stocks
Debtors
Cash atbank and in hand
17
18
19
2,519
1.214
135.188
3,218
4,671
148,535
138,921
156,424
Creditor5'. Amounts falllng due wlthln one year
20
9,269
[19,296
Net current assets
129,652
137.128
Net assets
723,732
698,371
Funds of the Charity:
Endowment funds
116,895
116,895
Restricted Income funds
Restricted funds
100,052
93.165
Unrestricted Income funds
Unrestricted funds
506,785
488,311
Total funds
21
723,732
698.371
The notes on pages 15 to 29 form an integral part of these Financial statements.
Page 13

The Devon Federation of Women's Institutes
(Regftstratlon number: )
Balance Sheet as at 31 October 2025
For the financial year ending 31 October 2025 the Charity was entitled to exemption from audit
under sertlon 477 of the Companie5 Act 2006 relating to small companies.
Directors, responsibilities-
The members have not required the Charity to obtain an audit of its accounts for the year in
question in accordance with section 476- and
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respett to accounting records and the preparation of accounts.
The financial statements on pages 11 to 29 were approved by the Trustees, and authorised for issue
on 20 May 2026 and signed on theirbehalfby.
Middleton
Chairman and Trustee
V Tribble
Trustee
The notes on pages 15 to 29 form an integral part of these financial statements.
Page 14

The Devon Federatlon of Women's Institutes
Notes to the Finanaal Statements for the Year Ended 31 October 2025
I Charity status
The Charity 15 limited by guarantee. Incorporated in England and Wales , and consequently does not
have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards
the assets of the Charity in the event of liquidation.
The address of its registered office is-
The Firs
Honiton Road
Clyst Honiton
Exeter
Devon
EX5 2Fr
These financial statements were authorised for issue by the Trustees on 20 May 2026.
2 Accounting policies
Summary ofsignificant accounting policies and key accounting e5tlmates
The principal accounting policies applied in the preparation of these financial statements are Set
out below. These policie5 have been consistently applied to all the years presented, unless
otherwise stated.
staternent of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)) (issued in October 2019) - (Charities SORP (FRS 102J), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The Devon Federation of Women's Institutes meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy notes.
Golng concern
The Trustees consider that there are no material uncertainties about the chari￿5 ability to
continue as a going concern nor any significant areas of uncertainty that affect the carrying value of
assets held by the Chariry.
Page 15

The Devon Federation of Women's Institutes
Notes to the Flnanclal Statements for the Year Ended 31 October 2025
Incotne 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 of the income receivable can be measured reliably.
Donations and legacles
Donations are recognised when the Charity has been notified in writing of both the amount and
settlement date. In the event that a donatÉon is subjert to conditions that require a level of
performance by the Charity before the Charity is entitled to the funds, the income is deferred and
not recognised until either those conditions are fully tnet, or the fulfilment of those condition5 IS
wholly within the control of the charity and it is probable that these conditions will be fulfilled in
the reporung period.
Investmentincome
Dividends are recognised once the dividend has been declared and notification has been received of
the dividend due.
Expenditure
All expenditure is recognised once there is a legal or construchve obligation to that expenditure. it
is probable settlement is required and the amount can be measured reliably. All costs are allocated
to the applicable expenditure heading that aggregate similar costs to that category. Where costs
cannot be directly attributed to particular headings they have been allocated on a basis consistent
with the use of resources, with central staff costs allocated on the b35is of time spent. and
depreciation charges allocated on the portion of the asseys use. Other support costs are allocated
based on the spread of staff costs.
Raisingfvnds
These are costs incurred in attracting voluntary income, the management of investments and those
incurred in trading activities that raise funds.
Charitable activities
Charitable expendi¢ure comprises those costs incurred by the Charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, for example, allocating property costs by floor areas, or
per capita. staff costs by the time spent and other costs by their usage.
Page 16

The Devon Federatlon of Women's Institutes
Notes to the Financial Statements for the Year Ended 31 October 2025
Governance costs
These include the costs attributable to the Charitys compliance with constitutional and statutory
requirements. including audit, strategic management and Trustees's meetings and reimbursed
expenses.
Taxation
The Charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act
2010 and therefore it Tneets the definition of a Charitable Company for UK Corporation Tax
purposes. Accordingly. the Charity is potentially exempt from taxation in respect of income or
capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act
2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or
gains are applied exclusively to charitable purposes.
Tangible fixed a55ets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated impairment losses.
Depreclatlon and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Asset class
Land and buildings
Depreclation method and rate
2 % Straight line
25% Straight line until net book
value reaches £1
Equipment, furniture and fittings
Fixed asset investments
Fixed asset investments, other than programme related investments. are included at market value
at the balance sheet date. Realised gains and losses on investtnents are calculated as the difference
between sales proceeds and their market value at the start of the year. or theSr subsequent cost, and
are charged or credited to the Statement olFinancial Activities in the period oldisposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities based on the market value at the year
end.
Stock
Stock is valued at the lower of cost and estimated selling price les5 Costs to complete and sell. after
due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out
(FIFO).
Page 17

The Devon Federation of Women's Instltutes
Notes to the Financial Statements for the Year Ended 31 October 2025
Cash 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 rash and are Subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in
furtherance of the objectives of the Charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restrirted to that area or purpose.
The endowment funds are where the capital was received for investment purposes. There are no
restrictions on the use of income from these funds.
3 Income from donations and legacies
Restrirted
funds
Total
2025
Total
2024
Donations and legacies-
Donations from individuals
Donations from suspended Wls
300
1,300
6,887
6,887
6.887
6.887
1,600
4 Income from charitable activities
Unrestrlrted
funds
General
Total
2025
Total
2024
Membership income
Training by advisers
56,089
904
56.089
904
53.128
571
56,993
56,993
53,699
Page 18

The Devon Federatlon of Women's Institutes
Notes to the Flnancial Statements for the Year Ended 31 October 2025
S Income from other tradlDg artlvltles
Unrestricted
funds
General
Total
2025
Total
2024
Trading income;
Sales- Stationery
Sales - 2020 mugs
Sales- Speaker book
Sales- Devon Wl News
Sales- Diaries
Recovery- Postage Devon Wl News
Events income-
Events income
61
637
637
243
4,500
842
4,500
842
2,132
5.343
2,132
2.411
71,606
71.606
69,075
79,717
79,717
77.143
6 Investment Income
Unre5tr5rted
funds
General
Total
2025
Total
2024
Interest receivable and similar income:
Interest receivable on bank deposits
Other income from fixed asset investments
1.095
7.976
23,993
23.993
23.993
23,993
9.071
Page 19

The Devon Federatlon of Women's Institutes
Notes to the Financial Statements for the Year Ended 31 October 2025
7 Other income
Unrestrlcted
funds
General
Total
2025
Total
2024
NFWI raftle income
300+ club
Postage recovery
Insurance recovery
Other income
NFWI subscriptions
549
455
i.iio
4.006
1,652
363
549
455
1.1 io
4,006
1,652
363
116
370
3,585
1,386
377
7.409
7.409
5.834
8 Expenditure on raising funds
a} Costs of tradlng artlvitles
Unrestricted
tunds
General
Total
2025
Note
Costs ofgoods sold
Events and conferences
821
49.443
821
49.443
50,264
50,264
Unrestrlrted Endowtnent
funds
funds
General
Pertnanent
Total
2024
Note
Costs of goods 501d
Evenrs and conferences
525
525
52.628
52,628
466
Allocated support costs
li
466
53,153
466
53.619
Page 20

The Devon Federatlon of Women's Instltutes
Notes to the Financial Statements for the Year Ended 31 October 2025
b} Otherc05ts
Unrestricted
funds
General
Total
2025
Total
2024
Note
Legal fee5
Wages and salaries
Staff pensions {Defined contribution)
Water rate5
Light. heat and power
Insurance
Repairs and maintenance
Telephone and fax
Printin& postage and stationery
Trade subscriptions
Hire of other assets (Operating leases)
Sundry expenses
Office general
Office running costs
4,578
48.063
3.825
677
4,578
48.063
3,825
677
4.275
45,699
3,656
494
2.461
3,936
3.210
2,731
4.083
174
1,926
5,824
2,601
2,968
3,601
IBI
1,926
5,824
2,601
2,968
3.601
181
682
682
1,032
1,912
105
1.220
404
1,220
404
iii
1,639
1,639
1,800
78.189
78,189
75,568
Page 21

The Devon Federation of Women'5 Institutes
Notes to the Financial Statements for the Year Ended 31 Ortober 2025
9 Expenditure on charitable activities
Unrestricted
funds
General
Total
2025
Total
2024
Note
Devon Wl New5
Workshop costs
Subcommittee travelling
Federation travel
Adviser5 travel
Subcommittee general
Governance costs
4,626
3,169
1,422
156
4,626
3,169
1,422
156
1,321
424
1,096
4.813
4,334
2,163
344
628
1,321
424
1,096
1.324
258
li
12,2 14
12,214
13.864
10 Other expenditure
Unrestrirted
funds
General
Total
2025
Total
2024
Note
Depreciation, amortisation and other similar
costs
8,971
8,971
8,971
8.971
8.971
8,971
Page 22

The Devon Federatlon of Women's Institutes
Notes to the Flnanclal Statements for the Year Ended 31 October 2025
IIAnalysis of governance and support costs
Governance costs
Unrestrirted
funds
GeDeral
Total
2025
Total
20Z4
Board travel
Training of volunteers
816
280
816
280
258
1.096
1,096
258
12 Net incomlng/outgolng resources
Net incoming/[outgoing] resources for the year include..
2025
2024
Depreciation of fixed assets
8,971
8,971
13Trustees remuneration and expenses
During the year the Charity made the following transactions with Trustees:
£Nil (2024.. £97) of expenses were reimbursed to during the year.
No Trustees, nor any persons connected with them, have received any remuneration from the
Charity during the year.
14Taxation
The Charity is a registered charity and is therefore exempt from taxation.
Page 23

The Devon Federation of Women's Institutes
Notes to the Financlal Statements for the Year Ended 31 October 202S
1STangible r]xed assets
Furniture
and
equlpment
Land and
buildings
Total
C05t
At l Novetnber 2024
448,560
16,317
464,877
At 31 October 2025
448,560
16,317
464,877
Depreciation
At l November 2024
Charge for the year
89,680
8,971
16,276
105,956
8,971
At 31 Ortober2025
98,651
16.276
114,927
Net book value
At 31 Ortober2025
349,909
41
349.950
At 31 Ortober2024
358,880
41
358.921
Page 24

The Devon Federatlon of Women's Institutes
Notes to the Financial Statements for the Year Ended 31 October 2025
16Flxed asset investments
Other Investments
Llsted
finvestments
Total
Cost or Valuation
At l November 2024
Revaluation
Additions
202,322
11,808
30.000
202.322
11,808
30,000
At 31 October2025
244.130
244.130
Net book value
At 3 1 October 2025
244,130
244.130
At 31 Ortober2024
202.322
202.322
The market value of the listed investments at 31 October 2025 was £244,130.
Individual holdings representing more than 5% of the market value at the balance sheet date are:
Maitland Institutional Services Ltd Mthly High Inc C GBP Inc £123.434.
Maitland Institutional Service5 Ltd Multi Ast 3 Mode A Inc £120,378.
17Stock
2025
2024
Stocks
2.519
3,218
18 Debtors
2025
2024
Prepayments
Other debtors
630
584
4,052
619
1.214
4,671
Page 25

The Devon Federation of Women's Institutes
Notes to the Financial Statements for the Year Ended 31 October 2025
19Cash and cash equivalents
2025
2024
Cash atbank
Short-term deposits
117,953
17.235
139,479
9,056
135,188
148,535
20Credltors: amounts falling due within one year
2025
2024
Other creditors
Accruals
1,600
7,669
19,296
9.269
19,296
Page 26

111111
151111

27J
*fzocO
c CZSW

The Devon Federatlon of Women's Institutes
Notes to the Financial Statements for the Year Ended 31 Ortober 2025
22Analysis of net assets between funds
Total funds
at31
October
2025
Unrestrlrted
funds
General
EndO￿llent
runds
Permanent
Restrlcted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
349.950
138.229
85,579
9.269
349,950
244,130
138,921
9,269
105,90 1
53,342
Total net assets
564.489
53,342
105,901
723.732
Total funds
at31
October
2024
Unrestricted
funds
General
Endowment
funds
Permanent
Restricted
funds
Tangible r￿ed assets
Fixed asset investments
Current assets
Currenf liabilities
358.921
101.161
47.526
(19.296
358,921
202,322
156,424
[19,296}
101,161
15.733
93,165
Total net assets
488.312
93,165
116.894
698,371
Page 29

The Devon Federatlon of Women's Instltutes
Statement of Financial Activities by fund for the Year Ended 31 October 202S
Unrestrlcted Funds
Total
Total
Unrestrictedlnrestricted
Funds
Funds
2025
2024
InC0￿e and Endowments from:
Donations and legacies
Charitable artivitie5
Other trading activities
Investment income
Other income
300
53.699
77,143
9,071
5,834
56.993
79,717
23,993
7,409
Total income
168,112
146,047
Expendlture on:
Raising funds
Charitable artivitles
Other expenditure
(128.453) [128.721)
(12,214) (13,864)
(8,971)
{8,971
Total expenditure
149,638
151,556
Net income/[expenditure)
Transfers between funds
18.474
(5,509)
16,444
Other recognised gains and losses
Other gains/1055es
9.054
Net movement in funds
18.474
19.989
Reconclliatlon of ￿ndS
Funds transferred to entity
488,311
468,322
Total fund5 carried forward
506,785
488.311
This page does not form part of the statutory financial ststements.
Page 30

The Devon Federatlon of Women's Institutes
Statement of Financial Activities by fund for the Year Ended 31 October 2025
Restrlcted Funds
Total
Total
Restrirted Restricted
Funds
Funds
2025
2024
Income and Endowments from:
Donations and legacies
6,887
1,300
Toral income
6,887
1.300
Expenditure on:
Net income
Transfers between funds
6,887
1,300
16,444
Netmovement in funds
6.887
[15.144)
Reconciliation of funds
Funds transferred to entity
93.165
108.309
Total funds carried forward
100.052
93,165
This page does not form part of the statutory financial statements.
Page31

The Devon Federation of Women's Institutes
Statement of Financial Actlvlttes by (und for the Year Ended 31 October 2025
Endo￿nent Funds
Total
Total
EndowmentEndowment
Funds
Funds
2025
2024
Income and Endowments from".
Expenditure on:
Raising funds
466
Total expenditure
466
Net expenditure
other recognlsed galns and losses
Other gains/losses
(466)
9,054
Netmovement in funds
8,588
Reconciliation of funds
Total funds brought forward
116,895
108,307
Total fund5 carried forward
116,895
116,895
This page does not form part of the statutory financial statements.
Page 32

The Devon Federatlon of Women's Institutes
Detailed Statement of Flnanclal Actlvltles for the Year Ended 31 October 202S
Total
2025
Total
2024
Income and Endowments from:
Donation5 and legacies (analysed below)
Charitable activities [analy5ed below)
Other trading activities (analysed below)
Investment income (analysed below)
Other income [analysed below)
6,887
56,993
79,717
23,993
7.409
1.600
53.699
77.143
9,071
5,834
Total incoTne
174,999
147,347
Expenditure on:
Raising fttnds {analysed below)
Charitable artivities (analysed belowj
Other expenditure (analysed below)
(128,453)
(12,214)
8,971)
(129.187)
(13,864)
8.971
Total expendi￿re
149,638
(152,022
Net income/(expenditure)
Other recognised gains and1055es
Other gains/losses [analysed below)
25.361
(4,675}
18.108
Net movement in funds
25,361
13.433
Reconciliation of funds
Total funds brought forward
698,371
684,938
Total funds carried forward
723,732
698,371
Thls page does not form part of the statutory financial statements.
Page 33

The Devon Federation of Women's Instltutes
Detailed Statement of Financial Activities for the Year Ended 31 October 2025
Total
2025
Total
2024
Donations andlegacies
Appeals and donations
Suspended Wts
300
1,300
6,887
6,887
1,600
Charitable activities
Membership income
Training by advisers
56,089
904
53,128
571
56.993
53.699
other trading activities
Eventincome
71,606
69,075
Sales - Speaker book
Sales- Devon Wl News
Sales . Diaries
Recovery- Postage Devon Wl News
Sales - Stationery
Sales- 2020 mugs
4,500
842
2.132
5.343
2,411
61
243
637
79.7 17
77,143
Investmentincome
Income from listed investments
Interest on cash deposits
23,993
7.976
1.095
23.993
9.071
This page does not form part ofthe statutory financial statements.
Page 34

The Devon Federation of Women's Instltutes
Detailed Statement of Flnanclal Activities for the Year Ended 31 October 2025
Total
2025
Total
2024
other Income
NFWI raffle income
300+ club
549
455
I,iio
4.006
1.652
363
116
370
Postage recovery
Insurance recovery
Other income
NFWI subscriptions
3,585
1,386
377
7,409
5,834
This page does not lorm part of the statutory financial statements.
Page 35

The Devon Federatlon of Women's Instltutes
Detailed Statement of Financial Activities for the Year Ended 31 Ortober 2025
Total
2025
Total
2024
Raisingfynds
Stationery for resale
Event costs
Wages and salaries
Staff pensions {Defined contribution)
Water rates
821
49,443
48,063
3,825
677
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
4.275
Light, heat and power
Insurance
Repairs and maintenance
Telephone and fax
Printing postsge and stationery
Trade subscriptions
Hire of other assets (Operating leases)
Sundry expenses
Office general
Office running costs
Legal and professional fees Pernianent Endowment fund
Legal and professional fees Unrestrlcted Fund
1.926
5,824
2,601
2,968
3,601
181
682
1,220
404
1.639
4,578
128.453
129.187
Charitable activities
Devon Wl News
Workshop costs
Subcommittee travelling
Federation travel
Advisers travel
4,626
3,169
1,422
156
1,321
424
816
280
4,813
4.334
2,163
344
628
Subcommittee general
Board travel
Training of volunteers
1,324
258
12,214
13,864
This page does not fortn part of the statutory financial statements.
Page 36

The Devon Federation of Women's Instltutes
Detailed Statement of Flnanclal Activities for the Year Ended 31 Ortober 2025
Total
2025
Total
2024
other expenditure
Depreciation of fixtures and fittings
8.971
8,971
8,971
8,971
Other gainsllosses
(Gain]Iloss on investments Permanent Endowment fund
(Gain}/loss on investments Unrestricted fund
(9,054)
9,054
[18.108
This page does not form part of the statutory financial statements.
Page37