WILTSHIRE FEDERATION OF OMEN'S INSTITUTES CIO FINANCIAL sfATEMENTS FORT E YEAR ENDED 31 MARCH 2024 Charlty Registratlon No: 1197142 ILTSHIRE FEDERATION OF OMEN'S INSTrruTES CIO CONTENTS Pag Trustees, Report Pa Independent Examiner s Rep)rt Pag Financial Report Pag Statement of Financial Activities Pag Balan￿ Sheet Pag s 9 - 14 Notes to the Accwnts WILTSHIRE FEDERATI N OF WIS CIO- TRusfEES REPORT The Trustees pre*nt herewi March 2024. the reFQrt and finanaal 5tatenEnts of the CIO for the year endirKJ 315t ObJectlve5 and artlvlties The Federation strives to pr Wlltshlre and elsewhe￿. I sustsinable development an reviewing these aims and o been follow&J. r the public benefft mote the aims and objectives of the Women's Institute movement in core functions are: the education of women and girls,. the promotion of the athèncern￿nt of health and atizenship for publ+c benefrt. When ives, the Charty CommissKJn's general guKlance on public benefft has Achievements and pe ance The Trustees have compl by the National Federation the w(¥k of the Federation their trustee training in past year using an online packa9e provided WIS. All the trA)ard rnemtErs meet at ￿5t every I￿0 months to review d dwrity and the four offi￿￿ meet in the altemating months. At the end of the financial y budget and a tumaround f are unlikely to be repeatsd r there is a surplus of £4,334 whith Is some £14,000 better than the Oeficit in 2022123. Although there a￿ some one-off gains, these the r￿￿C year. Analysls of the Federatlon's events during 2022123, The the Federation to diversify a opular prior to Covid and I leadership of a very experi cts'vities had irKlicated reluctan￿ on the part of members to attend ore, In order to try arKJ achieve financial growth, there was a need for d kKsk to c￿tIng amther income generating team which had ken very kdowns. The Craft and Leisure Team was reinstated under the ced chair who ha5 Served as a Trustee In the past. The Annual General Meeting new venue, the Steam Mu Catherine Roper and Dame has tEen noticed that no membership, the numtes compar8J with 2022. To thi venue and to the geographi in Ottober 2023 was the maln event run by the Board of Trust*s. A m, in Swindon, was chow. The two key speakers, Chief Constsble loella Benjamin proved popular crK)I￿ across the Federation. However, atter how successful and enjoyable these m*tings are with the ending are declining. Eighty￿ne fewer ts'ckets We￿ sold in 2023 end, serious consideration has bew given to the choice and slze of I Ic(ation for the forthcoming Annual General Meety'ng in Ottober 2024. It was derided to organise a to Wl House, to thank them tlme they each volunteer to event. Ruby Tea in the Autumn and to invite all the Federation Tearn Memtet5 or their commitment to suppTh￿.ng the Federation and for the arrKJunt of nsure all events aTrJ activities run smwthly. It proved to te a successful Normally a Team5, Day wou Building would te planned were arranged which were It was d￿Med to be time v be held in January. Instead, it was deaded that an afternoon of Tearn pecialty as there We￿ ne￿ Trustees to get to know. Different attivities th thought provokirwj and fun and enabted tIE Trustees to gel together. ry well srEnt. Ultimatety, the stability and by attracting new mem1￿r$ 2023124 four new Wls were organisaton is seen as prov nancial growth of the Federation deFerKls on increasing the membetship existing Wls and promoting the WI in new Communit￿5. During opened which is a cause for cdebration and an indication that the ing public benefft across the county. Campaigns Team The Team continues to the past year. Notsble succ Walks in Wiltshire led by ou on Zwm every tsvo mnths arml has had ￿re success with attiVit￿ in have tEen Mah-JoThJ lessons once a month in WI House and the Federation Secretsry (who we would like to thank). We al￿ held a very popular International Day f wa5 well-attended arKI very i of sorrE common fruit and v turing India. Our Resolution Sdection meeting (again in WI House) fomiative. We also had a very interesting n￿rtIng aly)ut the dangers etsbl&. The team has grown in size arrangements for our artiwti which we plan to do in conj we currently have 12 rr£mLErs) which has helped with the We have a full schedule for 2024125 Including an intemational day cts'on with the Everts team. In 2023 we decided to stop women's charity to w uptK)rt]'fKJ ACWW a￿1 are in the prc￿e$S of firding a new intemational The Campaign Team's pu so profitsbly so much the is to pronKte the causes which are core to the WI and if we can do The Team contributed a surplus of £2,746 to WFWI: (2023: £121) Craft & Lelsure SirKe tsking over as Chair o different acb'vities offered th Hand Embroidery and Meet The Bayeux TaFestry Trip to Workshop. Chrlstmas Cra the tutor proved expensive. planneij later in 2024. Over detemiined to find attIV￿.eS the Federation. It contribut £2,034). the newly fOrn￿d Craft and Lasure Team there has b*n a variety of ugh not all have ￿en embratrd by members. Earlier in 2023 Macrame, rKI Make workshops were on offer and were well re￿Ved by rnembers. Reading was very SLKcessfiJl along wrth the Lavender Crcchet had a Foor showing of ladies and Ne8Jle Felted Robins went well but Origami Folded Bag was SI￿ht1V ft￿re vk3ble and a ￿Ornd tutorlal Is 11 a slightly disappointin9 run of events but the Team is enthusiastic and hich will enthuse members, prove finarKially viable and profitsble for £1,860 to the bottom line.. (2023.. old Craft & Leisure + Workshop: Digital Members of the team have and continue to ty rersuad was sought from Absolute T was decided that the Digital than through meetings. ntinued to support the office staff when hpjp with offi￿ 365 is needed Wl Officers to use thar generic email and OneDrlve. In August help nology to resofve a matter with Office 365. this was $L￿cessfUl, It m was no longer required a5 work Is d()ne ty individuals rather Events The Events Team Chalr, Da ne Atkinson, sadly passed away this year. A memorial servKe to celebrate her contribution to the WI was hekj just after year eThJ on the anniversary of her birthday. The Team remains cohesive active and productwe. A surplus of £9,772 was generated by events, between April 2023 and Mar h 2024.. (£3,453 last year). This was ￿hIeVed by tslks and events on a variety of subjects induding n aftemoon with a Welsh Male Voice Choir, a Christmas cor￿￿, tslks on Royalty, a trip to Bletchl Park, a holiday to the I￿e of Man, and a literary lunch which ad)ieved excellent feedback. Three N sr￿kers days were held to select SF￿ker5 for the authorised sFeakers register and raised in totsl £1,624. Two events were cancellej.. The Womes and Wonders ofAging, due to lack of inte est arKI 77p Royalcouple due to e￿alatIng costs and a reduction of 9eneral interest in the Royal . The Team is compris￿1 of I raffle prizes. Raffle5 are hd members and 4 hdFers who regularly donate their time, help, cake and at every event and raise signfficant amourts towards the total surplus. Membership From the 1° April 2023 to 3 so as to be flexible for our were very successful and un also involved wth several We helped with the Trustee March 2024 the Membership Team met either on Teams or in person rking members. We hekl tsvo President & *retary Workshops which er our umbrella the Treasur￿ hdd Treasurer Workshops t(x), We were ce 365 TrainirKJ SessKJns to ermurage Wl [t￿MberS to use the system. rainiThJ to), We set up four new WIS du WI in Mere and Market Cros March 2024 for ar￿ther thr ChiltC￿ Folia¢ Broadchalke, rKJ the year, PeaC￿k ￿ Corsham, RctrJlJ)ume M in Swindon, Merekits Wl in Ludgershall. We also tyomotgj and held prdiminary M￿ts'n9S in Wls, On the srde we had to SUSttrKI four Wls and say gc¥)Jbye to dmin5ton & ￿urne Valley aThJ Ellendune. We have four Advisers with MemLErship Assistants as at 31" March 2024, Structure, Governance and Management of the Wiltshire Federation of WIS The Federation, which is a tEcame ars unincorForated prepared its last set of acco incorrK)rated as a Charitable Chartty Commission on 15 start point for its first set of June 2022. As such the 202 different Ime Ferlods. iated to the National Federation of Wls, was formed In July 1919 and istered charity on 10th Cttoter 1963. The unincorwrated charity nts for the 15 mnth to 31 August 2022. The Federats'on Incorp)rated OrganisatKJn (CIO) and was registered as such by the emtrer 2021 with the new charity number 1197142. That date was the ccounts although it did not commence trading through the CIO until I 23 and the 2023124 accounts are not directly comparable as they cover The charity is operated for delegates appointed by eac Trust￿ makes all the o strategy meetings have also Wl members in Wiltshire, by WI meM￿r$. Its members consist of the WI in Wiltshire (usually thr￿ per WI} plus the Trustees. The Board of rational decisK)ns and fneets reJularly throughout the year. Poliry and been hdd. The apw)Intrnent of Trust of minimum 8 and maximu elected Trustees. All Trus 2023 but were re-elected a May claim expenses. Is governed by the ao's constitution. The Board of Trustees conslsts 15 elerted Trustees ￿uS up to ore third of that number co-opted by the S automatically retired at the first Annual General MeetirKJ in October will fa￿ rtrdeciion e4ery two years. Trust*s rKesve no payment but The Trustees and Advisers public affairs, finan￿s, me regulations. ve attended numerous Zwm Meetings with NFWI on subjects such as ber5hip subscripts'on f￿5, new subscription levels and employee The Board of Trust￿ (BO year. The Board has a broa have faced (and will, no do headwinds. Our staff are d our ways of working to help has benefitt& from having a stsble core membershlp throughout the raThJe of skills and experience to help us overcome the challervJes we bt, continue to f￿e) as wdl as the resilience to prevail in the face of icated and continue to ernbr￿e change as we look for improvements in us address financial pressures. Trustees who served dur Daphne Atkinson {pass8J a Shauna Bc¥Jman (appointed Theresa Chapman (Treasu Ruth Davies (resigned 14 Ju Gill Gib50n-Piggott (Chair to October 2023) Louise Hall Gillian Hinton (Puklicity) Lesley Holdway (Chair of Ca 2023) Brenda Hosking (aprointed Elizabeth Lawer (Chalr of M Pam Lc4)smore (Vice Chair) ng the year.. ay 8 September 2023) 17 Cktober 2023) (Chair of Craft & Leisure Team) e 2024) IktotEr 2023) {v￿e thair from (ktober 2023) (Chair of Campaigns from paigns to Cttoter 2023) (Chair of Memtership Team from IMoLEr 6 Octoter 2023) (Chair of Events Team) mber5hip to Cktober 2023) (thair from Cthtrer 2023) Frances Smith (resigned 18 Septsmter 2023) Alison Tal￿￿t (resigned 19 )L￿e 2023) Anna Zebedee-Hardy No Trustee has any ￿neficial interest in the Charity. Federation Secretary stephanie Pawling (to 2 June 2024) Rebeccca Lye (from 3 June 2024) Independent Examiner Joe Bunton ACA David Owen & Co 17 The Market Pla Devizes Wiltshire SNIO I Bankers Lloyds CCL4 Investment Managem&)t Limited United Trust Cambridge arKI Counties Bat* On tsehalf of the Trust￿.. Elizabeth Lawer- Federation Chairman Th￿esa Chapman - Federation Treasurer 15 July 2024 INDEPENDENf EXAMI FEDERATION OF WOM ER'S REPORTTOTHE MEMBERS OF THE ￿LTsHIRE N'S INSTrnrrES I report to charity trust Women's Inststutes Cto for 14, on my examination of the accounts of The Wiltshire Federation of e 12 rrKMths to 31 March 2024, These accounts are set out on pages 7 Responsibilitie5 and basis of As the charty trust￿ of th accordance with the require wrt CIO you are resp)nsit4e for the preparation of the accounts in nts of the Chaiities Act 2011. I re￿rt in respect of my ex Charitie5 Act 2011 and in ca by the Charity Commission Tnination of the CIO'S accounts carri8J out seLtion 145 of the rying out my examinab'on I have followed all applicable directions given nder 5ecbon 145(5}(b) of the ACL Independent examiner's I have completed my exami connection with the exami ment ation. I cC￿firrn that no material matters have come to my attention in tion giviro me cause to bditye tlkit in any material respect", Accounting records Charities Act 2011. The accounts do not The accounts do mt content of the accou other than any requi Considered part of a e￿ not kept in res￿ of the CIO as required by sKtion 130 of the ccord with those r££ords: or comply with the applicab￿ requirements concerning the form and ts set out in the Charities (Accounts arKI Re￿rts) RtsJulations 2008 ement that the accounts give a true and fair view which is not a matter independent examination. I have no COn￿mS and hav which attention should be d accounts to be reached. come across no 0￿r ￿kitterS in connection with the examination to wn in this retx)rt in order to enable a prorEr understanding of the j￿ Bunton ACA David Owen & Co 17 The Market Place Devizes Wiltshire SNIO Iprr 15 July 2024 FINANCIAL REPORT Each year the F&Jeration ai staff salaries and to cover t thi5 by working to fijlfil the events and courses to f￿111 mernbers across the county regionally and nat￿nalty. s to raise sufficient funds to cover the costs of runniw Wl House, pay expenses of the Board of Trustees and its Tearns. The Federation does ucabonal charitsble obiectsves of the WI, providing a range of activitie5, te the develcpment of kn￿8￿ge, experien￿ and skills of individual nd to suptbrt their involvement in, and Con￿￿on to, the WI locally, There is still a gap betwee of running WI H￿Se. The one-off gains aThJ the splen this gap was more than cov ubscriptions r￿aVed plus investn￿nt income less salaries and the cost ap reduc8J from £17,777 in 2023 to £14,136 in 2024. Thanks to the id contribution by the Team (thairs and Other Fundraising ActivFties and the Federatrjn generated a surplus. This yearfs accounts are not period as this set covers a sustainability generating a the first u ￿1ft in 7 years of that Federation receives. directy comparable wth those of 2022123 covered a 15 month ndard 12 month year onw. The finan￿ have moved towards greater rplus of £4,334. (2023.. defiat £4,345). This bJmaround is grounded in emtership numters ￿uS a Sop per person increase in the share of subs Subs year ended Paid up mern1￿$ Subs year ended Paid up members 31 Dec 2017 4,107 31 Mar 2022 3,361 31 Dec 2018 3,918 31 Mar 2023 3,278 31 Dec 2019 3,861 31 Mar 2024 3,363 31 Mar 2021 3,565 In th*e were 90 dual members tho pay sut6 to their own Wls. The core funding underpinn subscriptions. This increa fees are set by the National however, leverage the volu manbership. This can be a g the Federation accounts remains its share of membership to £10.80 per member and wll rise again in 2024125 to £11.30. The erab'on of atKI Wiltshire has no control over the amount. It can, e and The &)ard of Trust￿ is mindful of the need to continue grow its halleroe in an organi5ation vthwe the demographic tends to trE mature. The Federation benefitted our supplier having failed to incorr￿dY applied; t￿0 yea is year from some ontroff gains: a trNo month electricity rebate due to reset our meter d(￿k correcuy; refvnd of 12 months, bank charges of Gift Aid. increase of interest eamed on our investments. The Trustees invested heavi Grace Methuen Bursary Fun bursaries proved XJ pjpular in ed￿atIOn and trdining by distn'bubng to the WIS £1,925 of our s (restricted) and will fvnd a further £1,532 training next year. These that demand has outstrip￿1 the avaikable pot for 2024125. The Trust￿ maintsin an u -tO-date Risk Register and are sab'5fieJ that policies are in pla￿ to redu￿ exposure to such ris as far as p)5gble. Its Reserves Policy ensures that sufficient cash is held to meet the Federation rerurrent liabilitie5 for at thst one year. As we IEcome more active our Current Unrestricted R erve5 now represent just under 12 months, eX[￿dIture. (2023.. 16 months? even though they ave increased by their share of this yearfs surplus. Theresa M Chapman Federation Treasurer LTSHIRE FEDERATION OF srATEMENT OF FINANCIAL OMEN'5 1NSflWtES ES FOR THE YEAR ENDING 31sr MARCH 2024 Totsl 2023 Funds Funds Funds 2024 INCOME AND ENIX)WMENTS Donations and LgJacies Charit*)le ActNibe5 Other TraditvJ Artivities Income from Investments 1,712 3.505 132,125 3,337 1,762 3,505 132,125 4,330 235 4,529 76,359 1,077 993 TOTAL INCOME 140,679 0 141,722 82,200 ExpeNDrruRE Raising Funds Charitsble Acknvities Other Trajing Ath"vrtEs Other Support Expenditure 3,138 3,138 4,276 77,764 54,4 1,925 71 79,689 54,561 31,880 50,389 TOTAL RESOURCES EXPEND 135,392 1,996 0 137,388 86,545 NEf INCOMEI(EXPENDrnJR 5,287 (953) (4,345) TRANSFERS BEfwEEN FUN 16 1,567 (1.567) MOVEMENT IN FUNDS 6￿54 (2,520) 4,334 (4,345) TOTAL FUNDS BIFWD 122,286 18,896 33,653 174,835 179.180 TOTAL FUNDS AT YEAR END 129,140 16,376 33,653 179,169 174,835 WJLTSHIRE FEDERATION OF BALANCE SHE￿ AS AT 31sr MAR 2024 2024 2023 Tangible Fixed Assets li 33,653 33,653 St(Kk Cash aThJ f*Fhxits t*btors & Prepayinents 214 150,832 1,7C 151754 12 13 138,Ih 760 1¥904 11097 18,097 156,181 157POi CURRENT UABILITIES fallir4J d Trnde credf(ors Accruals & tkfefred Inccme wilhin or* 14 9,478 9.764 9.876 10,162 129,140 17,699 I40￿39 143,086 LIABILITIES > ONE YEAR 15 lJ23 23 TOTAL ASSEfs LESS LIABILITI 129.140 16,376 33.653 179,169 174WS FUNDS Unrestricted 129.140 129,140 16,376 33,653 179,169 1212&5 18,896 33,653 174035 16 16,376 E￿lown￿t TOTAL FUNDS 33,653 33fv53 16 129.140 1*376 4)F￿0Ve0 by the ecard of Tru*ees ty) 15 Juty 2024 and sgnei1 (x16ts ￿half ty.. Elizateth Lawe¥. Federalk) Chamwn Theresa ChaFffnan. Fe(knat n Trea9J WILTSHIRE FEDÈAATION OF WOM YEAR ENDED 31sr MAACH 2024 ACCOUNT114G PWCI CharltyInfotrnabon The Ftsknatyon 5trive5 tts TW finanoal ststÈments dard w) tt* U the Staterrent of Re¢0 be•i prekkyed in with FR5102 . Tre'￿￿31￿)aI Rqxthg ofIrdar*f IFR5 1021, ACC￿ aTrJ Reptrtin9 by ed pr￿ tr Elw￿￿5 FRS :04 IhÈ Art 2011 FYa(¥tt as t Wbes 2015. bl financial #￿e￿nis, the tsu OFrtional eXiste￿e fDr of accourts￿ in preparing hod a rea9￿blE ex￿￿ttati￿ tw 00 ha5 aequèk Fe>Jrn tOa>￿ThUe Freethold Fryerty is Stated 6t 7 ljne 2022 was £￿, In order to ttwge deweoat and Is not dweuatsi. rts hthKal tost isee Thxe 11! rt5(wrert matk& Val￿ dl rwthase¢ frrfft re#nLtIyJ fvrnthre ￿u￿ment ndsts off in tts year •. At k¥esent?I u1¥b￿S t*en ty¥.. Stttk is valued * the bwer Restrffté furth a￿ to te u these 15 ￿ertiF￿￿ to the fund. gl LhrestrtcW further speafied purp￿1 th￿ a5 g￿al lur&&. h) Income is wThen att￿lty s deferred urti the Grant ￿(Orr￿ i5 iecwtsèj aswtd reknbty. OONATIQNS& 2a23 235 114 Gitt steep￿AShton WI to ￿ H CHARThABLEAaivIfIE 1.575 1,676 3,￿5 4.529 Openlng Stotk 214 214 1,812 2,678 214 Clrffjlng *ock Cogtof 5•ks 154 3,138 4,276 >Jrplusfor No sai3riÈs have be￿ rechatged a5 ihe cther ihan *ndiro ui*r5 ill to Nat¢nèl. Gfven the ￿rformaN￿of0￿Y OTHER TRADZNG fvr 2024 34.333 41310 31.633 Affilwt*n FeesWirt5hire WeratK*I Affilkibon FEe5 RfEd a5P4w Teams, FlU￿ra￿ry Othtr hjndrnlw 32,613 Nc*e 5 31.633 19,610 SubSLTW)n5 rtd on behalf of N&onal The £3,209 iysa Oft￿ those 5Ut6 rec'd thE WF￿ Sha￿ of gJb5 rec(1 In Atrriv N*iona fgure also rdude5 gr d PBKJ OVÈY M +SwVN4.ay 2022 wi c&J ch¥ty. paNI ovu the Cto &arted In jL￿ 3022. 2022 fr) WOW Maoaine kThxtèJe 3.188 6,Of4) 1.272 1621 NFWI Annual Gr*t to Wis ftm*d Jlb khLme 50150 aub Su5PEndÈd In5tbJie5 In￿ra￿t rttharyd to ws Pwblloty & 272 142 1105 1,032 iios 1,032 3,277 3.277 1.643 IYJ Gratr Methuen rdgJtoW 1,925 1,925 OTHER SiIPPOAT Funds 4144Z 41442 33,094 &)ard ofTrLSttts &Nthi Proffess*)ftal ￿ Lwjal & 5,555 2,755 3.726 In9Jran Bank thJrge5 &j￿ry. itudiThJ Staff To ' 14391 14391 491 15 2023 acc(vrts (yly ha¥e I io TOTAL A￿V￿cEs kvJ Fu￿ts other Trtding knwtses Nrte3 3.138 4276 31,880 ,058 2.631 42.442 54,%1 5*anesand w&Jes Aw 23 lal sttwrity co&5 (Nab Fen*on costs Idefved ¢0 Oth¥ t￿Tr￿ts IX Mar 2024 lJUnE 22- Math 3)23} I Ir￿r￿e) 34,Y)i sGftV(xKIvs1 Ot￿p￿t$ wès 2 FfE Il*•JcfwJnt 41 Mo eMp￿￿5T￿r￿ e umerrts ￿ excess ￿ £fll,(YXI. ThE Fe￿erkn￿ ha5 and ts tttsl Thet¢tslw&￿￿ pwgon co*5 of thl. The Fed¥atyon set a Atho ENolThEnt kgiylabon. no c￿ti)bJr1￿￿ ha Key employw5 The ex££ubve dectsion n tru*e5. The ernp￿ er almiDistrètive or Tr•e art rv) k li li TANGIBLE FIXED 2D 20 PerThanent The Truths t exresgt)f the co#, PUP)5es ot tran4er of deprEaatKn ha5 twJt beeD Thp ttetts to ￿ HOUSÈ CoTnrnss￿n to CIO on as a wole5%Kn¥ rerfaluatim for twoperty to the UO. In of ts ¥tYy hi*(￿￿1 fvJve usNI, re finaly IM￿1￿Ye0 ty the and RLYJEtry frLW th2 Charty 26 NaTth 2024. The ao toc* I)￿￿￿ ty￿131 *iitiesiinthe AND DEiiosrts COIF I COIF 2 Uoyds Bank C￿r￿t Uoyds 8ankln* CamtrNOge Qwn Urf(ed Tru* Bank (Bond 6,351 10.248 4.Tr)7 3D,0g1 8.055 9,670 .159 nk dewal 41879 57.851 21B &).596 DfufoRS 2023 414 95 210 210 20 14 CREDrroRS LESSTH OnEYEAR Tr* c￿j￿0 1701 3.097 Delerred I￿￿Te 6,013 6,571 15 CREDrroRS MORET NFWI ACcrmr￿￿thn ONE YEAR 12