THE ISLE OF ELY FEDERATION OF WOMEN’ S INSTITUTES CIO TRUSTEE’S REPORT 30[TH] SEPTEMBER 2023
Trustees
Mrs Beryl Brooks Chairman Mrs Judith Cornwell Treasurer Miss Val Ware Vice Chairman Mrs Muriel Johns Vice Chairman - resigned December 2022 Mrs Ann Purt Vice Chairman
Mrs Anne Chambers – deceased November 2022 Mrs Jane Crossland - resigned March 2023 Mrs Denise Hall - resigned March 2023 Mrs Marion Hodges Mrs Liz Jordan Mrs Veronica Marsden Mrs Sally Shortland
Acting Secretary
Mrs Judith Cornwell
Charity Registration Number
1195426
Office Address
W.I. Office, L12 South Fens Business Centre, Fenton Way, Chatteris PE16 6TT
Auditors
Hills Accountants 14, St. Mary Street, Whittlesey, Peterborough, PE7 1BG
Bankers
Lloyds, March
INTRODUCTION
The Trustees are pleased to present their report and audited accounts for the year ended 30[th] September 2023
The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP) 2005.
They deal with the transactions, assets and liabilities of the Isle of Ely Federation of Women’s Institutes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Isle of Ely Federation represents the WI movement in the East Cambs and Fenland districts of Cambridgeshire. The Federation consists of 27 WIs representing a membership of 632 women. The Federation became a CIO (Charitable Incorporated Organisation) during 2021.
The role of the Board of Trustees is to co-ordinate and focus the activities of the Federation in order to further the purposes of the Women’s Institute movement in the Isle of Ely. Each WI is represented at the Annual Meeting, which provides an additional channel of communication.
The Federation is affiliated to the National Federation of Women’s Institutes and is governed by the WI constitution, copies of which can be obtained from the Federation Office or downloaded from the MyWI website.
Procedures for recruitment and appointment of trustees
The Board of Trustees consists of up to 15 members in total. Up to 12 members are elected biennially by the WIs and up to 3 members may be co-opted by the elected Trustees.
Any member who has at least 1 year’s membership is eligible to stand for election or co-option as a Trustee.
The Chairman, Treasurer and other Officers are elected annually by the Trustees from among their own number.
Policies and procedures for the training and induction of trustees
Following election, members of the Board receive training from NFWI.
Organisational structure of the Charity and how decisions are made
The Board meets 11 times a year. The Officers meet at least 4 times a year. The Treasurer is advised by an independent accountant. Much of the work of the Board is delegated to additional working committees with members of the Board of Trustees and members co-opted from WIs within the Federation. The committees include Membership, Home Economics, Public Affair and Leisure Activities.
The Board determines policy and strategy based on advice from its members and various working committees.
Day to day management is delegated to the Secretary who is accountable to the Board.
The following matters require Board approval:
-
The annual budget
-
Reserves policy
-
Capital expenditure
-
Investment policy on the recommendation of professional advisers
-
The risk register
-
The annual Financial Statements
Risk Management Policy
The Board regularly reviews the major risks facing the charity and ensures appropriate action is taken to mitigate the impact of risks where possible; a risk register is maintained and updated at least annually.
The principal risks that face the Federation include financial risks.
Financial risks are controlled through sound governance and robust financial control. Risks of a decline in membership and receipts from events are managed through proactive promotion and recruitment.
Objects
The objects of the Federation are to further the purposes of the Women’s Institute movement: To enable women who are interested in issues associated with rural life, including arts, crafts and sciences, to take an effective part in the improvement and development of the conditions of rural life: to advance their education in citizenship, in public questions both national and international, in music, drama, and other cultural subjects and to secure instruction and training for them in all branches of agriculture, handicrafts, home economics, health and social welfare. It gives to women the opportunity of working together through the Women’s Institute organisation and of putting into practice those ideals for which it stands.
Activities
The Federation supports, assists and advises WIs to provide an effective programme for the delivery of the objects. It promotes women’s concerns and interests by providing a forum within which members’ views shape policy and strategy and it represents member’s views to the National Federation and local and national government. The Federation provides information, training and education services to members.
Strategies
The key elements of the Federation’s medium to long-term strategy are to:
-
Offer a wide range of learning opportunities in a variety of settings, making available training in the widest sense, encouraging personal development, promoting lifelong learning and ensuring traditional skills are preserved.
-
Encourage WI members to adopt healthier, more sustainable lifestyles by supporting activities in the areas of sport and leisure, the sciences and combined arts.
-
Increase the WIs influence on legislators, opinion formers and the public at large with regard to politically and socially important local, national and international issues and to maintain the WIs position as a respected voice of reason, integrity and intelligence.
Principal Objectives for the year ended 30[th] September 2023
The Federation’s principal objectives were:
-
To continue to retain and gain members and promote a positive modern image. To continue to offer a wide range of learning opportunities in a variety of settings, making them available in the widest sense, encouraging personal development, promote lifelong learning and traditional skills
-
To continue to encourage members to adopt healthier and more sustainable lifestyles
-
To continue to increase the influence of the WI on legislators, opinion formers and the public at large with regard to politically and socially important local, national and international
issues of social and political importance and to maintain the voice of the WI as a respected voice of reason integrity and intelligence.
- To continue to improve communication with members
Achievements and Performance
-
Gaining and retaining members and promoting a positive image of the WI
-
Total membership in the year was 632. Some WIs have seen a small decrease in numbers due to members lost through advancing age and illness. Others have seen a small increase in numbers.
-
The Federation makes a continuous effort to seek publicity for events and to promote the WI whenever the opportunity arises.
Education, training and learning
-
The Chairman and Treasurer attended the NF National Council
-
The choir continued to meet twice monthly and sang at our Carol Concert, as well as accepting invitations to entertain residents in sheltered accommodation and at other venues.
-
The panels produced as a result of our HLF project have been, and continue to be, put on display at various locations within the Isle and beyond.
-
At Federation meetings, members had the opportunity to listen to some interesting speakers. We enjoyed the Federation Annual Meeting by Zoom when our speaker was Sue Beavan from Suffolk West Federation on her travels to France. In October we held our Federation Day at Wisbech St. Mary where Lucy Lewis delighted us with an account of her work in the armed forces and her current employment as University Marshall in Cambridge.
-
The Chairman and Treasurer attended National Council in October by Zoom
-
The Membership Committee organised a Zoom meeting with Presidents and Treasurers to discuss the flexible subscription for individual WIs.
-
The Leisure Activities sub committee organised zoom meetings on many different subjects from December 2020 to June 2021. These included a Literary Evening with Diane Calton-Smith, a flower workshop with Ann , two coffee and gentle exercise with Andy, craft afternoon with Muriel, an evening with Paulus, tour of Cambodia and Vietnam with Sheila Day and a tlak on the RNLI. When we could meeting in between lockdowns we held a walk around Ely with Sheila Willson. We had a competition for What 2020 Meant to Me and a word competition.
-
The Home Economics sub committee arranged Yarn Bombing in June to celebrate our 100 years.
-
The Chairman and Treasurer attended a fair in Whittlesey to promote the WI.
-
The Public Affairs sub committee organised a Zoom meeting to discuss the NFWI resolutions.
-
WI delegates and federation reps attended the NFWI Annual Meeting by Zoom in June 2021
Campaigning
The Board continues to monitor ongoing NF campaigns.
Communication with members
The Federation Newsletter is issued on ten occasions each year. Because it is produced in- house, topical items can be included easily. It is now also emailed to WIs for onward transmission to their members.
Board members are encouraged to attend Federation events and visit local WIs. They also accepted invitations to attend Annual Meetings of other Federations.
FINANCIAL REVIEW
General Fund
This fund is unrestricted and is used for all charitable purposes without restriction in accordance with the governing documents.
Funds in Deficit
There are no funds in deficit.
Investment Policy
The Federation’s investments are managed by the Board of Trustees, who takes expert advice ensuring that investments are ethical. Monthly reports are received at Board meetings.
Reserves Policy
The Federation requires reserves to allow it to continue to work to promote the interests of women in accordance with WI objectives. The reserves policy is reviewed annually by the Board.
The Trustees policy is to hold sufficient free reserves:
-
To meet its working capital requirements, particularly given that the majority of membership subscription income is received in April/May each year and
-
To mitigate the impact of risks; the amount required being based on the risk assessment and calculated in relation to cover each risk and the likelihood of that risk occurring.
On that basis the total free reserves requirement is estimated to be equivalent to 4 months. At September 2021 the actual free reserves were £37,801.
FUTURE PLANS
The Federation’s medium to long-term plan is kept under review and adjusted to meet changing needs and the extent to which needs have been met in previous periods.
The principle objectives for the coming year are:
-
To continue to work with WIs to retain and recruit members and to promote a positive image
-
To continue to offer a wide range of learning opportunities, encouraging personal development, promoting lifelong learning and ensuring traditional skills are promoted by identifying needs and responding to requests for training
-
To continue to promote healthier, sustainable lifestyles through the work of the Leisure and Creative Skills committee
-
To continue to encourage WIs to support and take action on national and local initiatives related to WI mandates
-
To encourage members to access and be involved in Social Media
-
To encourage more members to take on responsibility as both committee members and officers in our WIs.
Statement of Trustees’ Responsibilities
The Trustees of the Isle of Ely Federation of Women’s Institutes CIO are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
Trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Federation and of the incoming resources and the application of those resources including income and expenditure.
The Trustees are required to:
-
Select suitable accounting policies and apply them consistently
-
Observe methods and principles in the Charities SORP
-
Make judgements and estimates that are reasonable and prudent
-
Prepare financial statements
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the Federation and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Federation and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as we are aware there is no relevant information of which the auditor is unaware and the Trustees have taken all steps that they ought to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Auditors
Hills, Accountants of Whittlesey, have been the auditors during the year and have expressed a willingness to be re-appointed at the Annual Meeting.
By order of the Board
Beryl M. Brooks Chairman of the Trustees
September 2023
| Pages | ||
|---|---|---|
| Trustees'AnnualReport | 2to3 | |
| lndependent Examiner'sReport | 4 | |
| Statement ofFinancialActivities | 5 | |
| Summarylncome and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Notesto the Accounts | 8to13 | |
| Detailed StatementofFinancialActivities | 14to | 15 |
| forthe year ended30Septem | ber2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Totalfunds | Total funds | |||
| 2023 | 2023 | 2022 | |||
| Notes | f | E | E | ||
| lncome andendowments | |||||
| from: | |||||
| Donationsandlegacies | 4 | 1,25 | |||
| Charitable activities | 5 | 33,77r | 33,117 | 28,O70 | |
| lnvestments | 6 | 732 | 132 | 13 | |
| Other | 7 | 71,984 | |||
| Total | 34,503 34,503 | 1,OO,!92 | |||
| Expenditure on: | |||||
| Charitable activities | 8 | 22,326 | 22,326 | 76,654 | |
| Other | 9 | 72,282 | 12,282 | 72,197 | |
| Total | 34,608 | 34,608 |
29,445 | ||
| Netgainson investments | |||||
| Net(expenditure)/income | {1os) | (1os) | 70,747 | ||
| Transfersbetween funds | |||||
| Net(expenditure)/income beforeothergains/(losses) |
(10s) | (10s) | 70,747 | ||
| Othergainsandlosses | |||||
| Netmovementinfunds | (10s) | (10s) | 70,747 | ||
| Reconciliation offunds: | |||||
| Totalfunds broughtforward | 70,741 | 70,747 | |||
| Total funds carriedforward | 70,642 | 70,642 |
70,747 |
| 2023 | 2022 | |
|---|---|---|
| f | E | |
| lncome | 33,771 | 100,179 |
| lnterestandinvestment income | 732 | 13 |
| Grossincome fortheyear | 34,503 | 700,792 |
| Expenditure | 34,608 | 29,445 |
| Total expenditurefor theyear | 34,608 | 29,445 |
| Net (expenditure)/income before tax | ||
| for the year | (10s) | 70,747 |
| Net (expenditure)/income forthe year | (1os) | 70,747 |
| The lsleofElyFederationofWomen'slnstitutesCIO Balance Sheet at30September2023 |
|||
|---|---|---|---|
| CompanyNo.CEO26347 | Notes | 2023 | 2022 |
| E | E | ||
| Currentassets | |||
| Debtors | 11 | 1,950 | 1,950 |
| Cashatbank andinhand | 7!,046 | 71,,1,50 | |
| 72,996 | 73,700 | ||
| Creditors: Amount fallingduewithinoneyear | 72 | 12,354) | (2,3s3) |
| Netcurrentassets | 70,642 | 70,747 | |
| Totalassetslesscurrent liabilities | 70,642 | 70,741 | |
| Netassetsexcluding pensionassetorliability | 70,642 | 70,147 | |
| Total netassets | 70,642 | 1A,141 | |
| Thefunds ofthe charity | |||
| Restrictedfunds | 13 | ||
| Unrestricted funds | 13 | ||
| Generalfunds | 70,642 | 10,141 | |
| 70,642 | '10,747 | ||
| Reserves | 13 | ||
| Total funds | 70,642 | 70,747 |
| Fundaccounting | |
|---|---|
| Unrestricted funds | These are availableforuseatthe discretionofthe trusteesinfurtheranceofthe |
| general objectsofthe charity. | |
| Designatedfunds | These areunrestricted funds earmarkedbythe trusteesforparticularpurposes. |
| Revaluationfunds | These areunrestricted funds which includearevaluation reserve representingthe |
| restatementof investmentassetsattheirmarketvalues. | |
| Restrictedfunds | These are availableforusesubjecttorestrictions imposedbythe donororthrough |
| terms ofan appeal. | |
| lncome | |
| Recognitionof | lncomeisincludedinthe Statement of FinancialActivities(SoFA)when the charity |
| income | becomesentitled to,andvirtuallycertaintoreceive,theincomeandthe amount of |
| theincomecanbemeasuredwithsufficientreliability. | |
| lncomewithrelated | Where incomehasrelated expendituretheincome and related expenditureis |
| expenditu re | reportedgross intheSoFA. |
| Donationsand | Voluntaryincome receivedbywayofgrants,donationsandgiftsisincludedinthe |
| legacies | theSoFAwhen receivableandonly when the Charityhasunconditional |
| entitlement tothe income. | |
| Taxreclaims on | lncome from taxreclaimsisincludedintheSoFAatthesametimeasthe |
| donationsandgifts | gift/donation towhichitrelates. |
| Donated services | These areonly includedinincome(withanequivalentamountinexpenditure) |
| andfacilities | wherethebenefittotheCharityisreasonablyquantifiable,measurableand |
| material. | |
| Volunteerhelp | Thevalue ofanyvolunteerhelpreceivedisnot includedintheaccounts. |
| lnvestment income | Thisisincludedintheaccountswhenreceivable. |
| Gains/{losses) on | Thisincludesany gainorlossresultingfromrevaluing investmentstomarketvalue |
| revaluation of fixed | at the end of theyear. |
| assets | |
| Gains/(losses)on | Thisincludesany gainorlossonthesaleof investments |
| investmentassets |
| lsleofElyFederation stothe Accounts |
ofWomen'slnstitutesCIO |
|---|---|
| Expenditure | |
| Recognitionof | Expenditureisrecognisedonan accrualsbasis.Expenditureincludes anyVATwhich |
| expenditure | cannotbefullyrecovered,andisreportedaspartof the expendituretowhichit |
| relates, | |
| Expenditureon | Thesecomprise thecosts associatedwithattractingvoluntaryincome, fundraising |
| raisingfunds | tradingcosts andinvestment managementcosts. |
| Expenditureon | Thesecomprise thecostsincurredbythecharityinthedelivery ofitsactivitiesand |
| charitable activities | services inthe furtherance ofitsobjects, includingthemakingof grantsand |
| governancecosts. | |
| Grants payable | Allgrantexpenditureisaccountedforonanactualpaidbasisplusan accrualfor |
| grantsthathave beenapprovedbythe trusteesattheendof the year but not yet | |
| paid. | |
| Governancecosts | Theseinclude thosecosts associatedwithmeeting theconstitutionalandstatutory |
| requirements of the Charity, includinganyaudit/independentexaminationfees, | |
| costslinkedtothe strategic management of theCharity,together withashareof | |
| other administrationcosts. | |
| Other expenditure | These aresupportcostsnot allocatedtoaparticular activity. |
| The lsleofElyFederationofWomen'slnstitutesCIO NotestotheAccounts 3StatementofFinancialActivities-prioryear |
||||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | |||
| 2022 | 2022 | |||
| E | E | |||
| lncome andendowmentsfromi | ||||
| Donationsand legacies | 1,25 | L25 | ||
| Charitable activities | 24,070 | 28,070 | ||
| lnvestments | t3 | 13 | ||
| Other | 71,,984 | 71,984 | ||
| Total | 100,192 | 100,192 | ||
| Expenditure on: | ||||
| Charitable activities | 16,654 | 16,654 | ||
| Other | 72,197 | 12,79r | ||
| Total | 29,445 | 29,445 | ||
| Net income | 70,147 | 70,747 | ||
| Net income beforeother gains/(losses) |
70,747 | 70,747 | ||
| Othergainsandlosses: | ||||
| Netmovementinfunds | 10,747 | 70,747 | ||
| Reconciliation of funds: | ||||
| Total funds carriedforward | 70,747 | ?0,74? | ||
| 4lncomefrom donationsandlegacies | ||||
| Total | TotaI | |||
| 2023 | 2022 | |||
| E | e | |||
| GeneralDonations | 125 | |||
| 125 | ||||
| 5lncomefrom charitable activities | ||||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| E | f | € | ||
| AffiliationFees | 15,991 | 15,991 | 16,393 | |
| FederationActivities | 72,227 | 72,227 | 1,O82 | |
| Federation Services | q qqq | 5,559 | 4,595 | |
| 33,77t | 33,771 | 28,070 |
| 6 | lncomefrom investments | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| f | f | t | ||
| BanklnterestReceived | 732 | 732 | 13 | |
| 732 | 132 | 13 | ||
| 7 | Other income | |||
| Total | Total | |||
| 2023 | 2022 | |||
| t | € | |||
| surplusfromold Women's lnstitute |
77,984 | |||
| 71,,984 | ||||
| 8 | Expenditure oncharitable activities | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| E | E | E | ||
| Expenditure onchoritoble | ||||
| octivities | ||||
| AffiliationFees | 8,638 | 8,638 | 8,618 | |
| FederationActivities | 8,978 | 8,978 | 3,674 | |
| FederationServices | 4,710 | 4,7tO | 4,362 | |
| Governonce costs | ||||
| 22,326 | 22,326 | 16,654 | ||
| 9 | Otherexpenditure | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| L | f | E | ||
| CostsforoldWomen's | ||||
| 319 | ||||
| lnstitute | ||||
| Employee costs | 125 | 725 | 125 | |
| Motorandtravelcosts | 436 | 436 | 186 | |
| Premises costs | 7,800 | 7,800 | 7,500 | |
| Generaladministrativecosts | 2,72L | 2,727 | 3,467 | |
| Legalandprofessionalcosts | 1,200 | 7,200 | 1,,200 | |
| 1,2,282 | L2,282 | 12,797 |
| 10 | Staffcosts | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Salariesand wages | 1,25 | 725 | |||
| 1E | 1,25 | ||||
| Noemployee received emolumentsinexcessof€60,000. | |||||
| L1 | Debtors | ||||
| 2023 | 2022 | ||||
| E | f | ||||
| Prepayments andaccrued income | 1,950 | 1,950 | |||
| 1,950 | 1,950 | ||||
| 12 | Creditors: | ||||
| amounts falling duewithinone year | |||||
| 2023 | 2022 | ||||
| E | E | ||||
| Other creditors | 1,153 | 1,153 | |||
| Accruals | 1,,20L | 1,200 | |||
| 2,354 | 2,353 | ||||
| 13 | Movementinfunds | ||||
| lncoming | |||||
| re50urce5 | |||||
| At1October | (including other gains/losses |
Resources expended |
At30 September 2023 |
||
| 2022 | ) | ||||
| f | f | E | |||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| Generalfunds | 70,747 | 34,s03 | {34,608)70,642 |
||
| Total funds | 70,747 | 34,503 | (34,608)70,642 | ||
| 14 | Analysisof netassetsbetween runds | ||||
| Unrestricted | |||||
| funds | Total | ||||
| t | f | ||||
| Netcurrentassets | 70,642 | 70,642 | |||
| 70,642 | 70,642 |
||||
| 15 | Reconciliationofnetdebt | ||||
| At30 | |||||
| AtIOctober | September | ||||
| 2022 | cashflows | 2023 | |||
| E | E | E | |||
| Cashandcashequivalents | 71,150 | (104) | 71,,046 | ||
| 71,750 | (104) | 77,046 |
|||
| Netdebt | 71,,1,50 | (104) | 7t,O46 |
| for the year ended30September2023 | ||||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Totalfunds | ||
| 2023 | 2023 | 2022 | ||
| € | E | C | ||
| lncome andendowmentsfromi | ||||
| Donationsandlegacies | ||||
| GeneralDonations | 125 | |||
| 125 | ||||
| Charitable activities | ||||
| AffiliationFees | 15,991 | 15,991 | 16,393 | |
| FederationActivities | 72,221 | 72,227 | 7,082 | |
| FederationServices | 5,559 | 5,559 | 4,595 | |
| 33,771, | 33,771, | 28,010 | ||
| lnvestments | ||||
| BanklnterestReceived | 732 | 732 | 13 | |
| 732 | 132 | 13 | ||
| Other | ||||
| Surplusfromold Women's lnstitute |
71,984 | |||
| 77,984 | ||||
| Total income andendowments | 34,503 | 34,503100,192 | ||
| Expenditure on: | ||||
| Charitable activities | ||||
| AffiliationFees | 8,638 | 8,638 | 8,618 | |
| Federation Activities | 8,978 | 8,978 | 3,674 | |
| FederationServices | 4,170 | 4,770 | 4,362 | |
| 22,326 | 22,326 | !6,654 | ||
| Total ofexpenditureoncharitable activities |
22,326 | 22,326 | 1,6,654 | |
| Other expenditure | ||||
| Costsforold Women'slnstitute | 319 | |||
| 319 | ||||
| Employee costs | ||||
| salaries/wages | r25 | r25 | 125 | |
| 125 | 125 | 1.25 | ||
| Motorandtravelcosts | ||||
| Travel and subsistence | 436 | 436 | 186 | |
| 436 | 436 | 186 | ||
| Premises costs | ||||
| Rent | 7,800 | 1,800 | 7,500 | |
| 7,800 | 7,800 | 7,500 |
| The lsleofElyFederation ofWomen's lnstitutesCIO Detailed StatementofFinancialActivities |
|||
|---|---|---|---|
| Generaladministrativecosts, | |||
| including depreciationand | |||
| amortisation | |||
| Eankcharges | 282 | 282 | |
| General insurances | 1,159 | 1,159 | 1,038 |
| Stationery andprinting | L92 | t92 | 7,047 |
| Sundry expenses | 96 | 96 | 486 |
| Telephone, faxand broadband | 992 | 992 | 896 |
| 2,727 | 2,727 | 3,461, | |
| Legalandprofessionalcosts | |||
| Audit/lndependentexamination fees |
1,,200 | 1,,200 | 1,,200 |
| 1,200 | 1,,200 | 1,200 | |
| Total ofexpenditureofothercosts | 72,282 | 1,2,282 | 12,791 |
| Totalexpenditure | 34,608 | 34,608 | 29,445 |
| Net gainson investments | |||
| Net(expenditure)/income | (10s) | (10s) | 70,147 |
| Net(expenditure)/income before othergains/(losses) |
(1os) | (10s) | 70,747 |
| OtherGains | |||
| Netmovementinfunds | (10s) | (10s) | 70,747 |
| Reconciliation offunds: | |||
| Totalfunds broughtforward | 70,747 | 70,147 | |
| Total funds carriedforward | 70,642 | 70,642 | 10,747 |
| Pages | ||
|---|---|---|
| Trustees'AnnualReport | 2to3 | |
| lndependent Examiner'sReport | 4 | |
| Statement ofFinancialActivities | 5 | |
| Summarylncome and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Notesto the Accounts | 8to13 | |
| Detailed StatementofFinancialActivities | 14to | 15 |
| forthe year ended30Septem | ber2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Totalfunds | Total funds | |||
| 2023 | 2023 | 2022 | |||
| Notes | f | E | E | ||
| lncome andendowments | |||||
| from: | |||||
| Donationsandlegacies | 4 | 1,25 | |||
| Charitable activities | 5 | 33,77r | 33,117 | 28,O70 | |
| lnvestments | 6 | 732 | 132 | 13 | |
| Other | 7 | 71,984 | |||
| Total | 34,503 34,503 | 1,OO,!92 | |||
| Expenditure on: | |||||
| Charitable activities | 8 | 22,326 | 22,326 | 76,654 | |
| Other | 9 | 72,282 | 12,282 | 72,197 | |
| Total | 34,608 | 34,608 |
29,445 | ||
| Netgainson investments | |||||
| Net(expenditure)/income | {1os) | (1os) | 70,747 | ||
| Transfersbetween funds | |||||
| Net(expenditure)/income beforeothergains/(losses) |
(10s) | (10s) | 70,747 | ||
| Othergainsandlosses | |||||
| Netmovementinfunds | (10s) | (10s) | 70,747 | ||
| Reconciliation offunds: | |||||
| Totalfunds broughtforward | 70,741 | 70,747 | |||
| Total funds carriedforward | 70,642 | 70,642 |
70,747 |
| 2023 | 2022 | |
|---|---|---|
| f | E | |
| lncome | 33,771 | 100,179 |
| lnterestandinvestment income | 732 | 13 |
| Grossincome fortheyear | 34,503 | 700,792 |
| Expenditure | 34,608 | 29,445 |
| Total expenditurefor theyear | 34,608 | 29,445 |
| Net (expenditure)/income before tax | ||
| for the year | (10s) | 70,747 |
| Net (expenditure)/income forthe year | (1os) | 70,747 |
| The lsleofElyFederationofWomen'slnstitutesCIO Balance Sheet at30September2023 |
|||
|---|---|---|---|
| CompanyNo.CEO26347 | Notes | 2023 | 2022 |
| E | E | ||
| Currentassets | |||
| Debtors | 11 | 1,950 | 1,950 |
| Cashatbank andinhand | 7!,046 | 71,,1,50 | |
| 72,996 | 73,700 | ||
| Creditors: Amount fallingduewithinoneyear | 72 | 12,354) | (2,3s3) |
| Netcurrentassets | 70,642 | 70,747 | |
| Totalassetslesscurrent liabilities | 70,642 | 70,741 | |
| Netassetsexcluding pensionassetorliability | 70,642 | 70,147 | |
| Total netassets | 70,642 | 1A,141 | |
| Thefunds ofthe charity | |||
| Restrictedfunds | 13 | ||
| Unrestricted funds | 13 | ||
| Generalfunds | 70,642 | 10,141 | |
| 70,642 | '10,747 | ||
| Reserves | 13 | ||
| Total funds | 70,642 | 70,747 |
| Fundaccounting | |
|---|---|
| Unrestricted funds | These are availableforuseatthe discretionofthe trusteesinfurtheranceofthe |
| general objectsofthe charity. | |
| Designatedfunds | These areunrestricted funds earmarkedbythe trusteesforparticularpurposes. |
| Revaluationfunds | These areunrestricted funds which includearevaluation reserve representingthe |
| restatementof investmentassetsattheirmarketvalues. | |
| Restrictedfunds | These are availableforusesubjecttorestrictions imposedbythe donororthrough |
| terms ofan appeal. | |
| lncome | |
| Recognitionof | lncomeisincludedinthe Statement of FinancialActivities(SoFA)when the charity |
| income | becomesentitled to,andvirtuallycertaintoreceive,theincomeandthe amount of |
| theincomecanbemeasuredwithsufficientreliability. | |
| lncomewithrelated | Where incomehasrelated expendituretheincome and related expenditureis |
| expenditu re | reportedgross intheSoFA. |
| Donationsand | Voluntaryincome receivedbywayofgrants,donationsandgiftsisincludedinthe |
| legacies | theSoFAwhen receivableandonly when the Charityhasunconditional |
| entitlement tothe income. | |
| Taxreclaims on | lncome from taxreclaimsisincludedintheSoFAatthesametimeasthe |
| donationsandgifts | gift/donation towhichitrelates. |
| Donated services | These areonly includedinincome(withanequivalentamountinexpenditure) |
| andfacilities | wherethebenefittotheCharityisreasonablyquantifiable,measurableand |
| material. | |
| Volunteerhelp | Thevalue ofanyvolunteerhelpreceivedisnot includedintheaccounts. |
| lnvestment income | Thisisincludedintheaccountswhenreceivable. |
| Gains/{losses) on | Thisincludesany gainorlossresultingfromrevaluing investmentstomarketvalue |
| revaluation of fixed | at the end of theyear. |
| assets | |
| Gains/(losses)on | Thisincludesany gainorlossonthesaleof investments |
| investmentassets |
| lsleofElyFederation stothe Accounts |
ofWomen'slnstitutesCIO |
|---|---|
| Expenditure | |
| Recognitionof | Expenditureisrecognisedonan accrualsbasis.Expenditureincludes anyVATwhich |
| expenditure | cannotbefullyrecovered,andisreportedaspartof the expendituretowhichit |
| relates, | |
| Expenditureon | Thesecomprise thecosts associatedwithattractingvoluntaryincome, fundraising |
| raisingfunds | tradingcosts andinvestment managementcosts. |
| Expenditureon | Thesecomprise thecostsincurredbythecharityinthedelivery ofitsactivitiesand |
| charitable activities | services inthe furtherance ofitsobjects, includingthemakingof grantsand |
| governancecosts. | |
| Grants payable | Allgrantexpenditureisaccountedforonanactualpaidbasisplusan accrualfor |
| grantsthathave beenapprovedbythe trusteesattheendof the year but not yet | |
| paid. | |
| Governancecosts | Theseinclude thosecosts associatedwithmeeting theconstitutionalandstatutory |
| requirements of the Charity, includinganyaudit/independentexaminationfees, | |
| costslinkedtothe strategic management of theCharity,together withashareof | |
| other administrationcosts. | |
| Other expenditure | These aresupportcostsnot allocatedtoaparticular activity. |
| The lsleofElyFederationofWomen'slnstitutesCIO NotestotheAccounts 3StatementofFinancialActivities-prioryear |
||||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | |||
| 2022 | 2022 | |||
| E | E | |||
| lncome andendowmentsfromi | ||||
| Donationsand legacies | 1,25 | L25 | ||
| Charitable activities | 24,070 | 28,070 | ||
| lnvestments | t3 | 13 | ||
| Other | 71,,984 | 71,984 | ||
| Total | 100,192 | 100,192 | ||
| Expenditure on: | ||||
| Charitable activities | 16,654 | 16,654 | ||
| Other | 72,197 | 12,79r | ||
| Total | 29,445 | 29,445 | ||
| Net income | 70,147 | 70,747 | ||
| Net income beforeother gains/(losses) |
70,747 | 70,747 | ||
| Othergainsandlosses: | ||||
| Netmovementinfunds | 10,747 | 70,747 | ||
| Reconciliation of funds: | ||||
| Total funds carriedforward | 70,747 | ?0,74? | ||
| 4lncomefrom donationsandlegacies | ||||
| Total | TotaI | |||
| 2023 | 2022 | |||
| E | e | |||
| GeneralDonations | 125 | |||
| 125 | ||||
| 5lncomefrom charitable activities | ||||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| E | f | € | ||
| AffiliationFees | 15,991 | 15,991 | 16,393 | |
| FederationActivities | 72,227 | 72,227 | 1,O82 | |
| Federation Services | q qqq | 5,559 | 4,595 | |
| 33,77t | 33,771 | 28,070 |
| 6 | lncomefrom investments | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| f | f | t | ||
| BanklnterestReceived | 732 | 732 | 13 | |
| 732 | 132 | 13 | ||
| 7 | Other income | |||
| Total | Total | |||
| 2023 | 2022 | |||
| t | € | |||
| surplusfromold Women's lnstitute |
77,984 | |||
| 71,,984 | ||||
| 8 | Expenditure oncharitable activities | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| E | E | E | ||
| Expenditure onchoritoble | ||||
| octivities | ||||
| AffiliationFees | 8,638 | 8,638 | 8,618 | |
| FederationActivities | 8,978 | 8,978 | 3,674 | |
| FederationServices | 4,710 | 4,7tO | 4,362 | |
| Governonce costs | ||||
| 22,326 | 22,326 | 16,654 | ||
| 9 | Otherexpenditure | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| L | f | E | ||
| CostsforoldWomen's | ||||
| 319 | ||||
| lnstitute | ||||
| Employee costs | 125 | 725 | 125 | |
| Motorandtravelcosts | 436 | 436 | 186 | |
| Premises costs | 7,800 | 7,800 | 7,500 | |
| Generaladministrativecosts | 2,72L | 2,727 | 3,467 | |
| Legalandprofessionalcosts | 1,200 | 7,200 | 1,,200 | |
| 1,2,282 | L2,282 | 12,797 |
| 10 | Staffcosts | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Salariesand wages | 1,25 | 725 | |||
| 1E | 1,25 | ||||
| Noemployee received emolumentsinexcessof€60,000. | |||||
| L1 | Debtors | ||||
| 2023 | 2022 | ||||
| E | f | ||||
| Prepayments andaccrued income | 1,950 | 1,950 | |||
| 1,950 | 1,950 | ||||
| 12 | Creditors: | ||||
| amounts falling duewithinone year | |||||
| 2023 | 2022 | ||||
| E | E | ||||
| Other creditors | 1,153 | 1,153 | |||
| Accruals | 1,,20L | 1,200 | |||
| 2,354 | 2,353 | ||||
| 13 | Movementinfunds | ||||
| lncoming | |||||
| re50urce5 | |||||
| At1October | (including other gains/losses |
Resources expended |
At30 September 2023 |
||
| 2022 | ) | ||||
| f | f | E | |||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| Generalfunds | 70,747 | 34,s03 | {34,608)70,642 |
||
| Total funds | 70,747 | 34,503 | (34,608)70,642 | ||
| 14 | Analysisof netassetsbetween runds | ||||
| Unrestricted | |||||
| funds | Total | ||||
| t | f | ||||
| Netcurrentassets | 70,642 | 70,642 | |||
| 70,642 | 70,642 |
||||
| 15 | Reconciliationofnetdebt | ||||
| At30 | |||||
| AtIOctober | September | ||||
| 2022 | cashflows | 2023 | |||
| E | E | E | |||
| Cashandcashequivalents | 71,150 | (104) | 71,,046 | ||
| 71,750 | (104) | 77,046 |
|||
| Netdebt | 71,,1,50 | (104) | 7t,O46 |
| for the year ended30September2023 | ||||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Totalfunds | ||
| 2023 | 2023 | 2022 | ||
| € | E | C | ||
| lncome andendowmentsfromi | ||||
| Donationsandlegacies | ||||
| GeneralDonations | 125 | |||
| 125 | ||||
| Charitable activities | ||||
| AffiliationFees | 15,991 | 15,991 | 16,393 | |
| FederationActivities | 72,221 | 72,227 | 7,082 | |
| FederationServices | 5,559 | 5,559 | 4,595 | |
| 33,771, | 33,771, | 28,010 | ||
| lnvestments | ||||
| BanklnterestReceived | 732 | 732 | 13 | |
| 732 | 132 | 13 | ||
| Other | ||||
| Surplusfromold Women's lnstitute |
71,984 | |||
| 77,984 | ||||
| Total income andendowments | 34,503 | 34,503100,192 | ||
| Expenditure on: | ||||
| Charitable activities | ||||
| AffiliationFees | 8,638 | 8,638 | 8,618 | |
| Federation Activities | 8,978 | 8,978 | 3,674 | |
| FederationServices | 4,170 | 4,770 | 4,362 | |
| 22,326 | 22,326 | !6,654 | ||
| Total ofexpenditureoncharitable activities |
22,326 | 22,326 | 1,6,654 | |
| Other expenditure | ||||
| Costsforold Women'slnstitute | 319 | |||
| 319 | ||||
| Employee costs | ||||
| salaries/wages | r25 | r25 | 125 | |
| 125 | 125 | 1.25 | ||
| Motorandtravelcosts | ||||
| Travel and subsistence | 436 | 436 | 186 | |
| 436 | 436 | 186 | ||
| Premises costs | ||||
| Rent | 7,800 | 1,800 | 7,500 | |
| 7,800 | 7,800 | 7,500 |
| The lsleofElyFederation ofWomen's lnstitutesCIO Detailed StatementofFinancialActivities |
|||
|---|---|---|---|
| Generaladministrativecosts, | |||
| including depreciationand | |||
| amortisation | |||
| Eankcharges | 282 | 282 | |
| General insurances | 1,159 | 1,159 | 1,038 |
| Stationery andprinting | L92 | t92 | 7,047 |
| Sundry expenses | 96 | 96 | 486 |
| Telephone, faxand broadband | 992 | 992 | 896 |
| 2,727 | 2,727 | 3,461, | |
| Legalandprofessionalcosts | |||
| Audit/lndependentexamination fees |
1,,200 | 1,,200 | 1,,200 |
| 1,200 | 1,,200 | 1,200 | |
| Total ofexpenditureofothercosts | 72,282 | 1,2,282 | 12,791 |
| Totalexpenditure | 34,608 | 34,608 | 29,445 |
| Net gainson investments | |||
| Net(expenditure)/income | (10s) | (10s) | 70,147 |
| Net(expenditure)/income before othergains/(losses) |
(1os) | (10s) | 70,747 |
| OtherGains | |||
| Netmovementinfunds | (10s) | (10s) | 70,747 |
| Reconciliation offunds: | |||
| Totalfunds broughtforward | 70,747 | 70,147 | |
| Total funds carriedforward | 70,642 | 70,642 | 10,747 |