REGISTERED CHAlaTY NUMBER: 1202917 Ibport ol th• Tru•tsg¥ and Flnan¢lal Sts¢om•nts for th• P•riod 1st Septernber 2023 tg 31ot Moh 2024 lor Worc•8lèw8hii¢ F•dèr•titsn of Women In8tltutO8 CIO Th& Riehards SAndy PArtwship Thorneloe Houso 25 Bartoume Road Worcestèr Vrstehirtr VVR3 1RU
Wor¢•st•rshlre Federntk>n of Women lrmtilu1 CIO Contents of th• Flnancial Statoments lor th• P•riod 1st Sèptember 2023 to 31st Mar¢h 2024 Relèn¢èand Admlnlstratjve Oetsil• Report of the Trusts•8 2 to 7 Ind•pendert Ex&Ine¢S Rèport Statwnent of Fin•n¢ial Aetlvldes Balan¢e Sheet 10 Note8 to the Financial Ststgm•nts 11 to 20
IrioretstèrshirÈ Fed•ration of Women'• Instllut88 CIO Ref•rnnc• and AdmInIstrat• Dgtalls fortho P•rlod ljt Sepipmb8r 2023 to 318t Mlrch 2024 TRUSTeES S Store Iresigned 10.6.241 S Vrte Ichairnanl S Chitton Iresigned 8.7.241 MAHthes R Wynne S M Bazley (VI Ch8irm8nl P Bro8d Ch8im8nl C l Aug6r ITreasurerl H Stsrks lappolntad 28 5.241 C P8ther (appointed 2&5.241 PRNCIPAL ADDRESS Unf(7. El9ar 8usiness Centre Mosel&y Road Halknw rtster ViR2 6NJ REGISTERED CHARITY NUMBER 1202917 INDEPENDENT EXAMINER The Ri¢h8rds Sanoy PartnhIp Thomdoe House 25 Barboum8 Road IrStar Vkbr<stèrshi WR1 1RU SOLICITORS Batss 11$ 10 Queen Street PLace London EC4R 1BE BANI<ERS The C¢ioperatNe 8ank PLC PO Box 250 Sk8lmer¥lalg WN86 SkvAton Buil¢Jin9 Soc4?ty Thè Ba1Y Skipton BD23 1 DN Page 1
WOrterahire d•tiOn ofWomen'$ In•tlfvtsB CIO Report otthe Tru8ts08 for1h¢ Porl¢d 1st S•ptymb•r 2023 to 318t March 2024 The trustee8 pre3enl their rep)rt the finandal statewnts ol Ihe charity lor the p8ri(xl 1st SeptemLr 2023 to 31st March 2024. The trustees have adoptèd thè prowsions ol Accounting and Reporting by Char[$.. Statement ol Recommended Practi applicable to thariiw preparing their aUntS in accordanc8 wih the Finanoal Rgporting standard applicable in the UK and Reput11 of Ireland IFRS 1021 letsctive 1 January 20191. OBJECTIVES AND ACTIVITIES Obloctl3 and alm8 Thè thanws obj8cth.vès arè that ot. mprowng the quality of life, Pa'CUlartY in rural are•s, for women and their families- advanci the e(Jwation of women in tizenShIp ond in public issues, national and intematicfial,. and en0ing women to work tcoether to pul into pr8¢tr¢# kleas for whrch the organtsation stands. Th• aims and obioctwes of th8 FeratiOn have twn ¢)Jnplied with ¢ver past Nvetve months, with a WKI? valty ol educational dasses soaal events h8MrrfJ teen org8ned. aim to.. - offer a rarye of bamiro CpPDrbJnrt anrj to promote lifek)ng learning., - encourage personal devdoprnent., - encLJurage Wl mntr[S to adopt a h88tthier ar¥d more sUStsinae IW,. and - Infin 9&torS owion lonners abrjjt lotsl national Issues. Signi1Scant ad¥l¢b8 The worcestershi Federat'on of Vm's represents 81 W's in Worceslersmire aThJ some bordering county areas. Thls eonsists of 121 Wl's and approximatoty 3,800 memtefs. The Federion¥ role is to etrordinate and f5 the a¢tiMtigs of the movement in Worcestershife as a whde. Eath W is represented 8t tho VVoK¥stgrshire Federètion of Wcffl8n's In$b'tule Amual Council Meeting, thtrafc¢e promding an additional d)annel ol comrnunication. Public b•n•fit The trustetts ¢onfim that they ho ¢omplied with their du*es In $8cbon 17151 of the 2011 Ch8r1tS Aci and have ferred to guidan cOntaid in Ihe Chffj Comrntsson's gener81 guidan on public refft when revi8bWNJ the charitys aims (biectives in planning fijturè adiwbès. Pag8 2
Wof¢•¥t•rJhirè Federation of Womèn Insllutes CIO R•port ofthe Trt•$ Period 1•t Sgpknljgr 2023 to 31st March 2024 ACHIEVEMENT AND PERFORMAKfE 8oard of Trustee8 Chalmian: Susan Whlts Imaklng Wavfrs Wll brSter$hITe FederatK)n oflM5 annual report part 2 September 23. Marth 24 Tha Federatw began a w thapter on sember 1st 2023 as a nts%Y acc¥Èdit8d CIO This change was first mooted in 2021 and through the very efficient off$ of our Vice Chairman PstEno Bt08d the wh¢ltr pro$$ wa$ finished in eight months. This change aloro wrth the annOUnrnent by Nabonal that there would n be a change of finanaal year to the fiscal ar April its Matth, •Vraged us to Lange our financial year in line wrth Nathcn81 Thus this nal yè¥ covers 15 months instead of tr1Ve .This wil make 8co)unting far easierfor all cyJnc4med in Ilre years. HavirwJ ra organisad our accountiNJ issuès informéd mambèrs of tha charrfjo ol name, bank and year end planned events and wortshops continL. In October we had our Annual Council Meotirg and enjoyed aring trorn our Lord Lieutenant, Mrs Beatrice. GranL about her fo arKI her exKErien$. In addth'on we were entgrtalned by Affi8 Moor8 taking us lJ)r(wh & lrfe Poli scenarios in an amusing way aKI encouragiro us to give our opinion on the apwopriate prc4xol. NovemLw was the month lor really getting tehind our national resolub'on to clean up Brrtain's rivets. There were exhibiti¢)ns and visits to underline the urgent need to consider the seriousness olthe problem. It was dèud¢d to decorate our annual Christrnas tree M) Worcester Cattedral doLsters in fish and water n8edy anima to highlight our resolutyon . This was 8 grgot SU wilh hundr8ds of fish and water animals beirKJ made aThd nt in lorlha tree. Jenuary is aknys a quiet and rather sluggish month aftsr a busy Chri8tmas perK)d, hmver lon¢lines$ an on-going prObrn for many $9 regular coffee arKI chat sessions usiry th8 hab&rda5ry stored in our Fad•rab"on Offic8s, wwe stsrted. tt was ni to see busy fingers and lI1j laces. February saw further o)ffee and chat sessions and a fojd hygiene course for our rnemtrers %tho offer eatemg their s and gioups. Marth was a sery bSY month including the wffee and chat sessK)ns. There was a suwsfvl musical cowrt by Fordante, an tatsOn to participate in Worcester UnNer5Ws Intemational Women'5 Day evetrt, an i)augural meeting of regional Adlser5 to promoie good Practi and an exciting day at 'C(Jntrytsstic' l a chil(Jrens fun day at Three Countss Show Ground promoting famiiro, hoitycure and animal re8ring and other ¢x)untry pursutsl Thi% is not for the faint trparted with over five thousand children Wanting to take part in dgwrabng biscuits, butW8 hwj too. Our first seven months as a CIO seems to have flown by and rnerrters tsve tre8n ¥Èry har4Jy to paapate in our organised events. Onwards and upwards. Sue White. Pa3
worterhre Federallon ofWom¢n'• In6tltutss CIO R•portofth• Trusto•s forthg P•rlod 1•t Sgptomber 2023 to 31st March 2024 ACHIEVEMENT AND PERFORMANCE Crèadv• Aetlvltlos Chalmian.. Dee Woomord IFernhill Hoath Wll Cr8abv8 ALMtps ha conltnuad to plan and IKJkJ events wi thii SiX•month period. Some ev&nts have been wrth outshye tutors but ihe ffjosi successful ¢$ S tha 0S have run 'in uSe,, i.e. using the th115 of our ctsnmittee members. We had to canc81 a kmpshade workshop in Septerrthr 2023, as not énough mambers signed up for it. wth hindsKJht it was probably too exFensive as rt invow an outsid8 bJtor 8j a hsl bookiNJ. Two sessiorB of a Chrisbnas Crafts Workshcy did go ahead at a village hall ¥wth an outshY8 tutor. Thg frgdbad( frn mèmbers was that rt wasn't good value for money and not what they had expected. IMc6t rnemters were expe¢tiw s¢rnething slmilar lo the in-house t hekl the pr¢vious year, Christrnas Haberdashery Stash Bustwl. Talking of Haberdasharyl At the Annual Council MeetiThJ hekl at The Henrician in OctotEr 2023 we sokJ anothw £118 worth of ¥trfr th8 Storè. Mso, wa havè hakl sa¥eral sossiorts at W House whero ffernLprs are Inled to rm6 aloTrJ and make soThlhin9 from Ihe MainIng st85h. Its bil 8$ 8 eoffee ond chal event to he 8llewat¢ Ieline&s, but the main idea 1$ to reduce th9 stash. So far we have rna fvjdle quilts and rnuffs, which will donat4d lo dementia ntre or tK)me at some point. Other rtem8 have twn made to sell on ftrture h8terdasry st8lLs." shopping bags, make-up FK)u¢hes, t'ssue hdders, doth baskets, soft toys arvj greetll cards. The wcqk on Fmi&Ct will continue, there Is still a lot to use up. A wry sulwsfvl workshop hold at W House in O(Xot¢r wa$ earllng making workshop with Jo Lovell wh¢yn we ha used several times now. She continw to be wpulw wrth mombgts. Aso, there was a Christmas Vweath worksts)p held at Bonterre CIC in Decemtr. Thas& are always popular. and it15 great lo supportIh worKl8rlul tharity. There have teen wo¢ShopS aim•d at h•lping m•mbers wth their Craft Competibon entrw. mami¥l8de making ond sugar ¢r8ft Both well attgndgd, whlch botss 11 for the comibOn in May. havg launched an 'Art 15 Fun C8mpapJn' for 2024 •)d the first workshop tk Pla in February. This was Quilling and initkqlty we bUtyt for 10 pewe bul end1 up wth 29 p8cplo over 2 sesgorhs with requests for o ftlow-on The response to our west for Fest Figh for the Chrithias Tt In VVoKester Cathedral was oveTrYhelming. V¥ rec61 over 300 flsh from 80 different W's. Wny was ¢t 50 sucr£sslul? We are not sura. Mayt it was the theme, support¢'ng the resdution, Maybe rt was because we dKlnl limit th8 Wfs to just sending in one item (thereby removing Ihè 0)Mtstion e18m8nt within the Wl. The ChaInge now is to keep up momèntum. Fee¢adf about Ihe tree wa¥ maNly posthve. were some ccmments that it looked 'rnessy' and too bu$V bul havlrKJ recv1 suth a gocKI rèsponse coukl hwdly ave any fish off ts tree. It Was certainty eytrcatching and drfferwrt. In March we were very offered the chance by WaM(5hir8 FedeT8kn'on to staff their stand for one day 8t the Sewing For Pléasure at th8 NEC . So we took our stlched F¢sbv8 Fish on Tourl Fi¥e members frcffi our committee and adviws wEnt along and spent a very F4èasant day Frfomotir4J the IM. 8180 dwnonstrated Dorso18uttons, WgavlThJ and Dottlng. I woukj likè to finish by èxpressing my thanks to all of th8 commrttee mwnber8 for thair hard work and SLPPCt. Spec1 thanks to R0518 and Danis& ForJay who kjok after the Craft Collection and take il ¢ul to Wl's around the County. Speoal thanks also to Chris Handerson who contin$ to orgaTrse the jtyYge8 and run presèNé Wortshiys *then at home her husband kg very poorly. To Di Ccpè and Emity Bcwèn forth8ir enlhusiasm and inspirath)n for proiects. &speaally thè Christmas Tree. Lorraine pur11 ts herjudging and taking Ihe minute$when F)na is not av¥il8bb. Sue Russèll for ketpwig Fx£b)ok updated. Dee Pag8 4
worh1T Federatign ofWom8n In8tkluto8 CIO Report ofthe T9• for th+ P¢rlod 1st saiMb•r 2023 &) 31st March 2024 ACHIEVEMENT AND PERFORMANCE Publlc Affalr6 ChFmian: Carol Hutshinp IStGabwitrl's W Our very small commrttee wothed hard to put everts on br Members, to have an overvw of RtrsolutiDn$, to 0vIde various items for CNL and L Involved wth Clim ChaNJfr. In Septsrter Luw Hingley mgrn0ri01 Ledur8 was gi) by ENma Upchtjrch, ConsuNant Upper Gl surge at No.B, Pershore. The ctUre was well received by the 170 memters that attethj. Our Chair att8ThJ&Y the Nab"onal Resoluti srt$t Sekntion rneebng, which 15 now hekl on Zijtyn. Many hours wtrro giwn to dI$¢n0 ACVWV, whkh end•d hmth tho PA advtsiry the BOT to Cut b'es wilh Ihi5 To11 Twwining ig now ¢JJr Ll)ostn cl)arity for years and already 12 toikts, dud1r0 the Federati¢)n HQ tots, ha¥0 trEen inn. Lèi8iirè & Art# Sub4ornmittÈe Chalmi•n: hl#r9ai#t Bazlèy (Hknblaton Wl, Spartans Wll Many. many Iharks to all the Sut)-commrttè8 mambers who have st8ye(J in touth, attended meetings by and hÈ¥)ed to an Èverything for 2023124 and bayond. Not lY did we look at this year but future years and ho that pewg will supwt us. have a lotol sugJostwJn¥ fortri, wgnts (1 tiv.s. A5 1 ld in the reFQrt for 2022123 the COVID 19 re51rictions have b8•n rtrmov•d ar¥J things are locA(ing better but Mw the CL)St of INiro has gore up. Things haspnl changed and we ar8 dealirvJ with th8 curnt srftuation. still ha brea( even numbers to reach for every event will ha to tAntèl anhing below rw4uired nLmber. Walklng Net11 WalkirrfJ Klball Ls doing well at Drolch Leisure Centre and we are more invow wyth Ergbnd Nglball. ha gcl sorne rW members, and it i8 enjoy by all who attend. County Item8, Srn6te and Kurlkng Items arg selling with runnin9 Out but othws are sts"Il avaiLgbb. Smite and Indwr Kurlng eqilpments are 8vai18b for IMS lo hire and are ¢)ing well. whith is rW3. but we are also k)sing mèmbars lor drffarant reasorts There are 16 members on the register. sorne are very keen. are hoping to attrad memrg by goiThJ on FBcebook. The costs of the host and venue have gone up and so have monthty sub8. We 8re keepirYJ an eye on the monthty costs and inCet0 make SU that all cc6ts a cover&J Bulb Schg Thè bulb scheme w8nt ah&ad bocwo$ Onli and by paper. A sijrplus was gi¥en to th8 WFMn. Thè seheme 11 t offèr&Y 8g8in nèxÈ year. Coach Trlp8 Bèfore COVID coach trips were lery popular tt now things are different. A In'p to the Christma5 Market at Nottinyh has been cancelbd because Ihe breakeven polnt was not reach8d sk•¥ Skrttl63 season started with 30 teams bthich is mort than kst yèar. sèmthnals And final wll take pla in May 2024. Some teams are stru9gling to find venues Othèr Aetivitit# A mtysical ev9nt by Fordante al Pershoto Abb9y on 2 Match 2024 w8s excM8nt arKI enjoy by all who atterKled W Entetsinment by forrrer mernber8 of the Performing Arts SuOrnMittee took at Poolbrcx)k IM on 7 Decemter 2023. Jigvw Day5 20 arKI 28 F8brnary 2024 wr• both Lancéld d to l& of numbets. Lunch with a 8po8k•r Frances Fry on 26 OdoL*r 2023 -8n •xcdlent speakw and very enjoYae Page 5
w0este1$1Te FèdèrntM ofWom¢n'8 In81itute$ CIO R•port of th• Trust ft>rthe Period 1st Septsrnbor 2023 to 3181 March 2024 ACHIEVEMENT AND PERFORMANCE W l Advtséts lineorporating Mab•tlng & D•vdopm•n Chaimian: Karen Worboys AdlS¢r5 have Dut and about around the County, pp0'ng their Ws. to reb'rem8nts only have a team of seven, but we do ha threè ptstèntial trainee adthsa WIN) hav8 atteThJad some of tyjr meetiTrJs and are being encLJuraged to shadow u5 as visit ourWIs We a rHJmber ol wothshops Ihroughout the year, for tKesidents. secretaries and treasurer5, aloryJ with an 'MOT for Commrttees, that was wdl supporte(l. The treasurers, workshop8 have particulsdy popular. Offtt 365 trainirrfJ has been offered lollowng the officer th$hop$, and we havo segn a ¥rnall numb8r of Wls take &Yvantsge ol this. Unfortunately, a'Realty Usefvl Day, planwl for Jutyvffjs c8wll&l to poor uptakg. Wè also ld a Regional Adwsers Get-Tcgelher at IM House in March, whtch w58 att8nded by AdMs8rs from vv0stersh1[e, Herefordshire and Gloucestershire. di559ed new Alfviger Training arKI 5h8red Our ideas. Or Klea that WÈ ar6 Ing to implemént is th Advis8r Coffee MorThng, whith wll give members Ihe oppthjnity to meet Adviser$ 8t V6nues around Coui)ty. The first is planned forAyil. have h8d a WOTnotiona1 Stand at variou5 Shows antl 8v•s. The worSter Show in August Wa5 very bjsy, and w& had a lot of intsrest. reaS the Show in Septèmtr was muth quter, most ely due to indgment weather. In February we promoted the W on 8 stsnd at Sebwno br Pkasure. at Ihe NEC. almgside tyjr ctiVeActiVities team. In March we attended the 1nternats.onal w)n,$ Day event at Unir¥ity of Worcostsr, whid) SUIted in us holding an interest maet'ThJ foi a naw. Unwersity based Wl. This was attended by 8 small group ol very enthu8iasts"c woThn, aTh we an to fc¥m a IM at next m8etiw, in Awil. Sadly, five were suspended in March 2024, as we came to the eThJ ol our subs¢n"ption year. This w89 due in 18rge part to agwng memb$rs unablè to fonn a commftiae, bul also in one instanc8 because Ihey fgl they dtiln't elwJ9 wth thewider W. and therefore didn't no sh811 bc* to rforM some of these Ws in the rwt 12-24 rnonlhs, aThJ in thfy meantime are bokiTrJ into bpnues f¢< rW Ws li Re&Jitch and OmtEr51ey. È en¢tsJ the year 1 101 Vwls and around 3WO members. The M&D team operates as a sUbmittee of ts Advi4er5 rx)rnmrf&ee. Members ol the team are reSpOnb lor the management of Federation website and Facebook paga. ThhOut Ihè yèar they have ensu that the knebsite LS -tfrdate, and new posts have been regularly added to the FaboOK They have dèlwered OffTh 365 training for W olfickrs. both at W House and in rnemberf¥ rnes, and hove hdkEd Wls 8et up and manag8 iheir onlin8 pr888nce They hawe 8rranO promots.onal stails at var#)us gvonts around th• County, which thgy ha¥e wn alongsKle Advisers. Page 8
WoT¢e•tsr•hirè Fedèration ot Women. Institutss CIO Reportof the Tru•tse8 forthe Perfod 1$t Sfjplpmr 2023 tr 31st March 2024 FINANCIAL REVIEW Flnan¢lal poslllon Noie that the current financial riod covers a pr of 7 Months, with Ihe cparatie pemd CA)nn9 a wriod of 15 monlh$. resums for the period are therefore not directly ccffip8rabl#. InwrnirG resources for the period We £45,633 12023 £98.9331 and resourc8s expendgj te £48,893 (2023 £104,291) Net income for the p8riod am¢xJntad to £8.082 12023 - net extendrture £9,026) and this indlths a gain on inweslment ValUa"On of £9,342 12023 - loss £3,668). The iotsl fiJnd5 of thè charity at 31 March 2024 amountèy to £421.074 12023 - £412,992), with £3,234 {2023 £3.2341 beiw t85triotsd for tha purpose of 0Viding bursari$$ to DÉnm8n Collegè. Ros•rvt8 polrcy Tre Trustees intend to rnaintain their poliLy of keeping reathly alISatIe assets at tebvegn 12 an(J 24 rnonihs anlcipabj operating costs in order to knlfil its continuing obligatsons. The charity's untricted re3eNes, exclLNJing taroible fixed assets, were £273.(ffi at 31 March 2024 {A-23 - Q63, 1301, ropresentiro approximÈtèty 40 months ol typ1 untr"Cted endItu, therefore Ihe strategy is more than 1ra a¢hv1. The tnK%tees acknowbdge that thè rr8Trt Ve1 ol r8setV85 •XC•8d pdicy in a¢e and this has &rgely ari8èn from thè histort Sa of a prorerty. Total ntrirted reseNes at 31 March 2024 were £417,840 (Aug-23 - £409,75818nd totd réstrthd res8Ms were £3,23412023- £3,234) Detsils ofdesKJnated funds incled wthin unresirirted fvnds can fouThJ in note 21 ofthe accounts. STRUCTURE, GOVERNANCE AND MNAGEMENT Gov•rning documont Thg Charty is controlJJ by its g0MIng doeumenL a deed ol trust, and constitutss a d)arit)k IncorF(Jrated organi$alion. The deed of trust inrworaies a model u>rtsbtutk)n for Fodèration of Women's Instiluies whith is upjated from b.me to time by County Federations and National Federatiw. Charlty const11u1)n Thè ftjll namè of Ihè charity is WVorc8stershire Federation of Wornen'3 1rtrtU1eS CIO Ènd the register&J chamy nwnber 12Wd917. R8cwuitment and appointm•nt of neWtrte•S Trustees are by the m8rnber5. Trustees Copted by t 8oard of Tw$l htld offiee until Ihe nextelettion by th8 member. Appro¥Ed by order of the board oftnJste85 on... . .... ... svJna on rtrs thalf by." S Whrte- Tntstee P7
Ind•p•nd?nt Ex¥rninerf¥ Report to the Tru¥ts•$ of Worce8tsTshlre Fede¢10 of Worngn Inslfjtut•s CIO Indepgndgnt examlne¢$ report to the trustèes of Wore•8t•tshlro Fod•ratlon of Women'8 Insvtutss CIO I report to the chanty trust on my exwnination of the accounts of WDrcèstétshl Federation ol Wcmen s In$trt$ CIO lthe Twstl lorthg F4rityJ 1st Sgptember 2023 to 31st March 2024. Rospon$lblllUos and basls of rnport As the charity trustees of the Trust you are responsible for the prgparth'on of the aeeounls in rdan with th& requirements ol Charities Act 2011 Ilhe Adl. I report m resp•ct of my examination ol the Trusfs accounts carrpd gut under Sethon 145 of the Act and in carrying out my examination l frjllowed 811 applicgbb Diwbons given by the Charity commiss under Se¢*on 145(5llbl of Ihe Act. Indep•nd•nt examlnerfs statement I have completed rny exarninatDn. I conf mi that rK> material m8ttors ha ¢omo to my thnlon n connection with th8 exaninthn gwing me cause to beIVe that in any rn8terial resFOCt.' accounting c(S were not kept in respect of the Tru¥L as required by S'On 130 olthg A¢L" or the 3rrA)unts do not aCtx)rd with thosè records", or Ih? accounts do not comply with Ihe applicabb requirements 0)nMIr0 the fonn 8fKI ¢ontsnt of accL)unis set out in the Charities (Accounts and Rèportsl Regulats"ons 2C(18 other than any wuirernent that thg 8¢wnts g 8 true and tsii viw whiGh 15 not a rnatt?r conswjered as part of an independent examination I have no o)ncems 8nd have come acfoss no Other mattèrs in connectn wth the exaMin10n to attention strKtyJkl te drawn in this reKK)rt in orderto enable a prop91 ufKI?rstrndiwJ of Ihe accounts to be reathed. Melissa Godwin ACA ACCA The Richards Sandy Partnership Thomebe Hse 25 Barurne Road WorSter vVorSterShIre WR1 1RU Date.. Page 8
wor¢ternhITe FÈderatlon of Wcrfnen Institutss CIO statement of Flnan¢lal Aclivithes fty tho Pgrlod 1¥1 Seplombor 2023 to 31*t Wr¢h 2024 Pgriod 1.&23 to 31.3.24 Total funds 1.6.22 31.8.23 Total fuThJs Unrestrithd Rèstri¢tsd fund$ Notes INCOME AND ENWWMENTS FROM Donations and kagacs Charftablo a¢tlvltlo$ Membership and training EducatK•n 28,677 7.619 28.677 7.619 71,C60 13.332 Othertrading activiknes Investrn8nt iKcmo 6,467 3,870 6,467 3,870 11,994 1147 Toi•l 46,633 45,633 98,933 ExPE)[rURE ON R8isirvJ fuThts 4926 6,517 Charttable actfvltle8 Mftnbetship and training ELtion 31,202 10,765 31,202 10,765 82,482 15,292 Total 48193 46,893 104,291 Net gainsl(lossesl on inve51ments 9,342 13,f681 NET INCOMEIIEXPENDITUREI 8,082 8,082 19,(Y261 RECONCLIATION OF FUNDS Totsl lunds brought lonvard 409.758 412.992 422.018 TOTAL FUNDS CARRIED FORWARD 417,840 421,074 412,992 The notes part oflh99e fin8nu818talements Pag8 9
WOrcterh F•atIon ofWomen'8 In9tU1e CIO Balance Shogt 31•t 1414rch 2024 2024 Total fund6 2023 Total funds Urnpstrted fund5 Restittsd fund Notes FIXED ASSETS Tangible assets Invesknenls 15 18 144,774 153,065 144.774 qS3,065 148,628 143,723 297.839 297,839 290,351 CURRENT ASSETS Stocks Debtors C8sh al bank and in hand 17 18 100 9,502 118,564 100 9,602 121,798 100 5,9&3 146,924 4234 128,166 4234 131AOO 153,007 CREDrroRS Amount¥ falling duewithin one year 18.1651 18,165) 130,3e61 NET CURRENT AssErs 120,IX11 123.235 122.841 TOTAL ASSETS LESS CURRENT UABILITIES 417,840 421,074 412,992 NET ASSETS 417040 421,074 412.992 FUNDS Unfestricted fvnds Restricted fvrNJ5 21 417,840 3,234 409,758 3,234 TOTAL FUNL)S 421.074 412,9¥2 Thg fi aal statsnts were awowd ty Board ol TfLlStees and aLrtrad tr issue on a* were svJngd ¢n its behalf b. The not¢$ (omi part olthese fina1 ststemgnts Page 10
wor¢•$th Federatk)n ofwomen's In8titute8 CIO Nots• to th• Fln8n¢lo1 Statom•nts forth• P•rfod 1st Sgpt•mbor 2023 to 318t March 2024 CHANGE TO ACCOUNTNG PERIOD rhg year end ot the CIO was shortene(l from 31 August 2024 to 31 Marth 2024 in order to dign wrth the Subrti1)n period. The eJJrrenl wriod Ihtyrefore eovers a peritid of 7 months and as as resultr the 2023 figuFBS ar¢ not direcuy comp3r8ble. Pse note 4so that thg comparativè p8riod covèrs a period of 15 month5. With th year end PTeviou8ly hamng teen exterthd frorn 31 May 2023 to 31 August 2023 due Ihe unYwuat&J charity convertwvJ lo a CIO, vthth the trarnfer of assets laking ppace on 31 August 2¢Y23. STATUTORY INFORMATION Wore6storshir8 Federabon of W.l.s is an unincorporated charity registergj with the Charity Comm¢$i¢ffj f England and Wales. AccouNfiNG POUCIES BASIS OF PREPARING THE FINANCIAL STATEMENTS finanaal statements of the charity. wh is a public benefrt entty under FRS 102, ha¥e been prepa in ¥¢¢ord4n¢g Wrth thg Chantsgs SORP IFRS 1021 'Accounbng and Reporbng by Chanties.. state[rnt of Rectjmrnended Pract]ce ap1¢•ble b charities prepafing their accounts in accordan with the Finanaal R8FrtJrtng Standard applieAblè in the UK R•public of Irdand IFRS 1021 (effective 1 January 20191,. Fin8nci81 Reporting StarKlatd 102 7he Finanei81 Reporbng Standard applicab in the UK and Republic of IrebTrl' and the Charities Act 2011. Tha finano81 statements have been ppared under the historral cost convention, with the exptIOn of investments whh aty induded at markei value, 8$ modified by th& (lLon of rtain assets. Tl accounts are prepa in stethro, lch is the functional currency ol the charity. m0rtsry amounts tIBse finanual statèm8nts arn round8d to the n8ar8St £1. eharty has not prepared a cash flow statement on the grounds that it not a krger charty. INCOME All inccffne is renised in the Slaternenl of Finanal onc8 lh8 charity has entitrnent to the frjnds. is wob8tAe that the incrThe wll wewed the 8rn0unt ran be me8sured reliabty. Inctffie frcm ants. donations and legacies is reojgnised in the peri(xl in whith thg th?rity 1$ ted to r]pt d th8 Unt can be measured with rea3b rtainty. Income from govemmentgrarts is ctnisl cffj a perfrnan basis. Intomtr from eharrtab 8Ctnithos forsaNitss proded Is recognised in line w4th the provision olthose sewvic86. Interest inwro iewJniwJ lor all w)1oroSt-bgaring instrumgnts on an bas1& EXPENDITURE Liabilth"&s are rÈrA¥nised as Èxpenditure as soon as there Is a legal or o)nstructive OJ8.0n commitb'rg t chwity to that expeThYiture. it B pr¢8blg that a tr8nsfvi gf ewnc¥nic b8n8fits will L r8quir8d ni SettlEnt a the amount of the obligation can be rneasured r81>abty. Expenditurè is accounted for on an acuuals basis aTrJ has trtrn ¢lass,.fied under headir4Js that aggregatè all Ix)st r818tad to thè Lt8gory. costs cannot te diTrctly akn'buted to partal headings I1Y hav¢ Lwn 011gratj to aetswliès on a basis conslstent with use of resources. USTED INVESTMEKrs Investrnents quoted Dri a recognised stock excharoe are valued al rnarkel value al Ihe year end. Bolh r•al5•d and unrealised gains and 1058e5 are shown uTrj¢r'wI 98in5 1110sS8¥1 on invostsnents. on Ihe olthe SOFA. TANGIBLE FIXED ASSErs D8preciats"cffi is provided at the fdk)wing annual rates in cthr to wrrfe off e8th 858et o¥ér its estima# usélul LoThJ 8$ehOld buildings LorKJ kasehohl land FixbJr•s and fittings 2% on cost not provxjed IO% on r8Juong balance Nod8pr8ciabon is tharged on the lory asehoky kgnd, foll•ng a change in arUnting policy in 2018. Assets c*"n9 less th £750 are not caprtalis&l. Pagg11 cu)tinued...
Wore•stotshlrn F•dernon ofwomen In8tltutes CIO Nots8 to tha Flnanclal Ststements- conllnyed for th? P•rlod 1st September 2023 to 31$t Mar¢h 2024 AccouNnNG POLICIES ll continu•d STOCKS St¢xk3 are v81ued at the of st and n&t r•alisae val, after rna.ng due alkMn( for ¢)t¢dete aThY slcw moviro items. TAXATION Th8 ch8tity is exèmpt from on its CharItsb actNiles. FUND AccouKfiNG Unre$lri¢ted funds can té us&J in aceardants with charitable obiectNes at the dis(¥etion ofthe bustees. Restshl hjnds csn only be used for ]J18r restn.cted purKKJses wthin the objects ofthe charity. Restrictn$ aris• when specified by the ¢)noT or %then ftjnds are rai%8d forparticular rnstnct8d pUtTI$. Futhr•xpKanats"on ofthe nature and puwse ofeach fund is includad in thè noÈs 07efinanaal statements. OPERATING LEASES RgntaLs paid unthr OFerating leases are tharged to the Ststèmènt ¢f FNwn¢tyl Actiti$ on a straight lirE basss over th8 rKriod ofthe18aS8 PENSION COST5 The charty operate5 a defined conkn"bution Fension CotrUl10$ payab to the th8rity's ponon scheme are charged to t Statement of Financial Activitss in th8 P8riLxI to whth they relate. FINANCIAL INSTRUMENTS Th8 charity has elected to apply the provisions of serti 11, BBSIC Financial lrnstruments, and Section 12 '0tsr Financial Instrurnents Issues, ol FRS 102 to all of ts finall¥l instrvmonts. Finano81 insirLmenls are recognised when the charity becomes party to contraciual Prom0 ofth8 wistrument Finanaal assets are offset, with th• nèt amounts presented in the accounts whèrè therè Is a lagalty enforceable rTght to sèt off the recognis&J amounts and there is an intentn to on a n8t b8515 or to reali8e the asset and sèttye liabilty Simuttaneousty. B1¢ Finanel Ass•ts Basic finanrjal assets, which in¢lud? trade and ottEr reCbI$ and cash ba balerKes, orB inti8lly rneasured at transaclion prics includirKJ transadion costs and gjbsequenlly carrd al amtytiwj cost using the effective terest Method unless the arrdryemenl nStituteS 8 financirvJ transact#)n, wtEre the transa¢b"on is rneasured at Iho pre¥ent Val ol lubJ reiptS dtseounted at a rnarket rate ol terest Bask Flnanelal LIabIlltI Ba¢ finanaal liabilitr'es. indudiro trade 8nd other payables. are Inlbly reccgntsed at trarrJ8dk)n prrA unl the arrangement con5titrJtes a finanrin9 trans8cLiDn. th• d•bt instrument is measured at the pre88nt value ol ftrture reipts, discount at a mathet r8te of interest. Debt truments are subsequently corr * amortised Et, usng the effectwe interest rate rn8th0d. Trade payables a obligations to pay for goods cf 8eN¢¢s Ihal ts¥e teen ao]ulred in the ¢ydirtary course of the Lyerations from supplrs. A¢Unts Payab are dassified 85 fAJirent liabil((5 rf payment is due within one year or ths. K not, th8y are presented a5 norFcurrent liabilitie& Tr8dè payab* ar& r8¢))gnised initi'alty at trarMaction cost. Page 12 ntinu8d...
Worcestershlre Federation ofwomon'js InStYS CIO Notss tothw Financial Stsiemonts. ¢onllnued lor the Perlod 1st Septsrnber 2023 to 31•t Marth 2024 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATM)N UNCERTAINTY AccountirKJ estimates and juement a cL)ntinLtally evaluat1 and are based on histon¢al ex[n aTrJ other f¥¢tors, induding trxpe¢taiton$ of future events that telieved to be reason) underthe CArmStanceS. The most cthcal accounbng judgement in setting depreuation rat85 for tangible fixed assets. Details for these r8tes can be found in the acoxunting policies in nots 2. Tho car"n9 valug of tangib fixed assets rnn t lound in note 15. DONATIONS AND LEGACIES Period 1.9.23 P¢ri¢#J 31.3.24 31.8.23 Donattons 400 OTHER TrADING ACTIVITIES nod 1.9.23 Period 1.6.22 31.3.24 31.8.23 Bts8 ofTrust••s fundraising ev8nts Lèisurè and PlÈasurÈ hJndrau8iNJ èvents Lèisurè and Plaasufy m&rchaNlise sajes NFVW raffle incryne Suspended W8 152 7.372 2.504 1514 452 972 1,5( 5,467 11,994 INVESTMENT INCOME Period 1.9.23 Pmd 1.6.22 31J24 31.8.23 Bank interest reld Dividèmd incoff 914 1,233 2,147 Page 13 "nued...
WorcO¥tsr¥hirè Ftdorntitin ofwomen. In$tituteJ CIO Note• to the Flnan¢l Stst•m•nts. contjnwl forth9 rtod 1st Sgplwnbor 2023 to 318t March 2024 INCOME FROM CHARITABLE ACTIVITIES Pertod 1.9.23 Peri¢)J 1.6.22 31.3.24 31.8.23 Membership and trainin9 Total actmbeg Totsl acts"vfaes E(Jtion Affiliatron fees Council mee'ngs Cr&alJve adivit'es Pèrfr)rming arts Public affairs NS1etters and Yea£ adwsers Three Counw Sh 21.032 2A1S 21,032 1415 2,835 40,616 3.594 7,560 3.868 1,914 9,981 1,396 1S,473 2M35 4877 4.816 321 4,816 321 28,677 7,619 392 RAISING FUNDS INVESTMENT WINAGEMEMf COSTS P•rlod 1.9.23 1.6.22 31.124 31.8.23 Pothlw) managemènt 314 CHARITABLE ACMVITIES COSTS Suroort costs Isee note 111 Costs (see nol• 101 M•mbwship and training Educatk?n 4317 1471 26,886 7,294 31,202 10,766 ¥179 41,967 10. DIRECT COSTS OF CHARrrA8LE ACTIVITIES P•iitid 1.9.23 PericNJ 31.3.24 31A.23 Perfcffjiiig arts Creative actmties Public affairs Denman cdbg8 amsers Nth"onal COU. and AGM o)sts Council m8etiNJs NewsletteraTrJ yeaTt(Jok costs Commrttee expens&s Threè COUt*S Stttr 1,791 3,827 369 In51 1.756 1166 19 4,281 3,757 1.497 870 3,832 7.788 19,193 P¥g• 14 eontinuéd...
Worce8ter8hire Federatign of Women'j Instttutes CIO Notsj to the FiTran¢ial Stst¢ments. conlinugd lor the Poriod 1st Sopt•mb•r2023 to 31st Mareh 2024 11. SUPPORT COSTS Govemanc costs manrnent FinaTh Tolals Mernbership and trainirKJ Education 23078 6,330 20 26.885 30,208 20 3.951 34,179 Support costs have been allocat betsveen the different actth'es using the proportion of the t(al activty income as a perntage ol knlal chartable activty income. SuFfJOrt costs, intlud8d tha ovs, •rg •$ follow$." P•rfod 1.9.23 Period 1.6,22 31.3.24 31.8.23 mbèrship and training Tot81 a¢tivibes Total aebwbes Edu¢81Tr 14,494 3,838 119 18,332 36.917 1,107 761 4,920 2,593 8.298 461 327 P8nsions New offi property costs Insurance Admintstration maeting devdopmant Sundrras Trainin9 Subscription$ Drè80ft Bank chsrggs In(kpendenl exarniners fees Legal fees A¢countar 1,900 1.502 3.753 234 51 506 2,406 1,900 4.749 296 996 14 28 1M66 20 1.865 20 4151 2,61)0 16,279 428 1,16S 164 692 1A74 26,885 34,179 78,581 12. TRUSTEES. REMUNERATION AND BENEFITS There bEre no INslee5' Temuneration or cher terefits for the penod ended 31st M8r¢h 2024 nor for Ihe Feiiod end 31st August 2023. TRUSTEES. EXPENSES During th& period 5 truste&$12023 - 5 ttusts&sl wore NmbutI &xp8ns8s of both dir•ci chantabk ath.mty costs and support costs totalling £59712023- £1,286). Page 15 ccffjlinued...
Wor¢e8ter6hlre Federntlon ofwomen In8titut•s CIO Nots8 to the Financial Ststernents- continued forth8 Period IBt Septsmbpr 2023 to 31st March 2024 13. STAFF COSTS P81iod 1.6.22 1.23 31.3.24 31.8.23 Vvaw and salaries Oiher n$)n costs 18.332 36.917 1.107 18.901 38.024 Perdic (x)sts relotè to amounts paid into dèfined eontribulion kwnsion sdme¥. The arage monthty numter ofernpknyee5 during the period was as fdlows.. P•rlod 1.23 PerhJd 16.22 31.3,24 31.8.23 Totd average enybyees No wnploJEes reNe emoluments in ex5$ Of£60,0. 14. ¢OMPA14ATIVES FOR THE STATEMENTOF FINAIKIAL ACTIVITIES Unrestn"¢to(1 Resth"eted Totsl fund INCOME AND ENDOWMENTS FROM D(atIonS and 9a(jeS 400 Charitablo actwilig Membership And training EdaOn 71,C60 13,332 71,C60 13.332 otrtradIJ actIveS Inwsbntrnt in¢¢m¢ 11,994 2.147 11,934 2,147 Toial 98,933 98,933 EXPENDITURE ON RaisiNJ funds 6,517 6,517 Charttabl• a¢tfvlllfr8 Mernbershp and trainino Education 82,482 15,292 82,482 15,292 Toial 104,291 104,291 Net galnslllossesl on invesknents 13,6681 13,8681 NET INCOMEUEXPENDITUREI 19,0261 19,0261 RECONCILIATION OF FUKflS Tot81 fvnd5 broht fDrnard 418,784 3.234 421018 TOTAL FUNDS CARRED FORWARD 409.758 3,234 412,992 Pagè 16 continued..
worleh5ye Federatlon ofwomen Instltut•# CIO Note8 to the Flnan¢lal Stat•m8nts- contlnuod for tho Porlod l$t Sgpt•mbgr 2023 to 31st March 2024 15. TANGIBLE FIXED ASSETS Long leasehold bU11S LorvJ leasehold land Fixtures and Totals COST At 1st Sépt•mb8r 2023 and 31$t Mar¢h 2024 I2791 63,795 44,048 236A35 DEPRECIATIC4 At 1st September 2023 Chargg for year 44&54 1,488 38,669 B8,807 At 31st March 2024 46,042 39,0 90.661 NET BOOKVALUE At 31st M8rch 2024 81.549 58.211 4014 144774 At 31stAu9USt 2023 83,037 56,211 146,628 16. FIXED Ass INVESTMETrTrs sted inve5thents MAR VALUE At 1st Septemb8r 223 Revaluations 143.723 9,342 Al 31st Marth 2024 153,065 NET BOOK VALUE At 31st March 2024 153,066 At 31st August 2023 143,723 There were no investsllent assets outside Il UK. 17. STOCKS 2024 2023 Slock of items hekl for resa 100 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 VAT Prepanents aThJ arUed nccme S,fy)9 4493 4,357 1.626 9,502 5.983 Page17 continued...
W0eSterShire Federntion ofwornen Instltutes CIO Notss to th• Flnaneknl Stst•m•nts- eontlnutd for the Period 1st Septrmber 2023 to 318t March 2024 19. CREDITORS: AMOUNTS FALLING DUE TMTHIN ONE YEAR 2024 2023 Pensions Other creditors holdiro account Accrued aypenses Deferred income 181 177 297 4867 1643 20,108 297 3.310 165 30,366 Dèfèrra1 1ncom8 reprèsènts InMé rèlating to futtjrè évènts that thè d)8nty d$ not ha antrtkn)ènt to until Ihg relatin9 the 9oods or [vi{ have been provided. TIE amount of £6,1 12023 - £4,442) tyToughl forward has all In released during the year aThY a reseNe of£2,64312023-£I6511 has t)een ¢8med foM8rd. LEASING AGREEMEMrs Minimurn lease payments und8r non-CanC*llab yrth"rKJ bas•s fall du8 as folltr•ts.' 2024 2023 thln one yèar &82 Amounts paid urwJ•rop8rating18as•s ksrlhè yèarwas £84312023- £?,1551. 21. MOVEMENT FUNOS mowmant in frjnts At 31.3.24 Al 1.9.23 Unrestrlcted lund• General knnd C J Guest Lega B WOOdfie Lary &Jspend8d VVI Funds Julia Rcrfjers 8equest Dlana C4rtrno1 390A13 7.755 350 7.110 397,523 7,755 972 9.700 512 iooo 612 409,T58 8.082 417,840 Restrlcted fund• Ann Fgllingham BuTrary TOTAL FUNOS 412,992 082 421,074 Not movement in lunol$, incJJd8¢ in the above are as follows.. Incx)mi resour$ Resou$ Gains and 10s5es in UnrBstrict•d fvnd¥ Gorpral fund Suspernled W FuTrJs 44,661 972 146.8931 1342 7,110 972 45.633 146.893) 4082 TOTAL FUfrI)S 45.633 {46,893} 4082 Page 18 continu8d...
Wor¢e#ter8hlre Federaon of Women's tn8titut•s CIO Notrs to the Financlal Staternents- contlnued lor ths P•riod 1•t Sopt•rnr2023 to 31 Mah 20 21. MOVEMETrN IN FUNOS. continu•d Cornparatbvgs ft>r rnowmont In fund8 Nèt mosfment in lunds Transfèrs Al 31.623 At 16.22 hJnd3 Unrnstrlcièd fund General fvnd C J Guest Legacy B Woodfi9 Lègacy D Farmibe Legacy Suspèndéd VVI Fundy Julia Rog&rs Bequgst IM House Flowers Diana Carknel 400,095 6,980 350 500 7,983 512 {10,Ct461 775 ),413 7,755 350 {5001 745 8,728 512 13641 2,C#)O 418.784 I9,0} 409.758 Ro8tri¢ted fund• Ann Fellingham M8mori81 Bur58ry 3.234 3,234 TOTAL FUNDS 422,018 19,0261 412,992 ComparatNe t movement in funds, induded in tha ave ore as fdkJw8.' Incoming re8¢uff$ Re$our<s exnded Gal and 10see8 Movemgnt in ftJThrf$ Unrestrlcted funds Gereral fund C J Guest Legacy D Farrniloe LeJacy Suspended Wl Funds 97.427 1103.8C61 775 15001 17611 13,668) 110,0461 775 15001 745 98,3 1104,2911 13,6681 19.0261 TOTAL FUNDS 98,933 1104,2911 13,6661 19,0261 purpose ofoath fvnd is as follth¥s,' UNRESTRICTED FUNDS G8ner41 Fund The unreStricrt 9gnèr81 ftjnd can t used for 8ny chwta)le wrpo8e within the chty$ cJiecL8 and approved ty Ihe Trustees. C J Guest Legacy Thgse fvnds have been ring-fenced at the Truste8s' discretion for the prowsKJn of buTraries for Dean at Home online cowses and fortr purchase ol board oltrustees, b&es 8 Woodlleld L¢ga¢y Thi4 fvnd 15 desvJnated lor the purpose ofpurchasing a of art in rnemory of Mrs Wocjffidd. D Farnillo• L•ga¢y This fund is designated forthe purpose of futuré dèv8loWnt of th• VVFIM. Su•pendod Funds This fund Is comprised of monies retsived Irom suspond WJS and is th%gnated for the purpo8• ol promtstiNJ ond sstablishing W$ In Iha Untry. Should suswnaed Vms rpen wthin 3 years tln lh¢ fvnds will t• returwd. Pag8 19 tWlU8d...
w¢terh1T0 d•rlIOn ofWomen'8 In$tKutes CIO Notes to the Flnanclal Ststomonts- eontlnued fortho Perfod 1st S•ptsmb•r 2023 to 31Jt Mareh 2024 21. MOVEMENT IN FUNDS. contlThd Julla Roggr¥ 8gquest This fijnd is desvJnated forthe puw ofpurchasing an awards prize. Vdl House Flow•rs This fund is des¥Jnated forthe PUTFW)8g OtprovkJing fresh flNers for House. Dlana Carthiel Logacy Thi ftjnd is rlesKJnated forthe puw of he4ding 8ri¢5Je dass&% RESTRICTED FUNLk8 Ann Ftllingham M•morfal Bur8Wy This fijnd is restricied to provQing burs8ri&s to Denman Ccllege. DgrNnan colle dc6ed in July 2020. 22. RELATED PARTY DISCLOSURES Therg related party transact#)ns for Ihg pTIOd ended 31st March 2024. Page 20