Charity No: 1206209 theWI INSPIRING WOMBI Glamorgan Federation of Women's Institutes Board report for the year ended 31 October 2024 Annual Financial Statement for the year ended 31 October 2024
Charity No: 1206209 Glamorgan Federatlon 0£ Women's Instltute8 Twstees Report Year ended 31st October 2024 The TrusleeB present their annll rewl and finattLial statemeThts OE the durity for the yeat ended 31 October 2024. The Trnstees report shows artivities for the Federation for the year. The Board of Trustees have overall tesporL%ikn"lities regardins the investontS and finala1 rnatters asxKiated with the Federation. The finaTh(ial ststements have len ptepared in aCr0rd with the accountin8 licies set out in note i to the actounts and ¢(xThply with the charitys trust deed. 0ritieS Act 2011 and Accountin8 and the Charitie5 Staternt of Recommended Practi (second edition) ond Financial Reporting Standatd FRS 102. Legal 8tatus Glamorgan Federati¢)n of Women's b)stitutes i8 a Charitabk tr&orF1ea Orsanisatirn and ts re8kStered with the Charity Coll110TheTs. Chaftty Regislralion Nwnbtr. 12(h2f Company Registration Nullther. CEQ34629 Prindpal Officv. Glamorsan Federation ofwornen's Instiiule 13 Courtland Pla SA13 IJI Trustees BarbaTa BowDn& Barry WI IChairrnatL Appinted Marth 2tr24) Carol AtkirLsoD. 08more Valley Wl {Chaim)an.' Retired Marrh 20241 Sandra Davidsw Coythurth WJ (Vitt (hairman December2023} Daphne Furneau& Uandewi with Kne15ton WI (Vitr Chairm. Apwnkd March2ff24) aaire Ather1( Creigiau WI (freasuEer: Apwted DeIr 2023. St(xxl down as Treasurei In May W241 Myra Thoma4 UpperKilJay Wt (TreaSler. Awnled May 20241 Carolyn Davie4 Pontydun WI IApp)intÈd DKemir 2ml Be]inda HanSfor Three Crosses Wl (Apwted March 20241 Gloria Ii)nÉs. Port Ta]Ix)t (Retired Mard) 20241 Wendy KnighL Swan8ea c1[31 (Retired Mar8aret MasuiTr. UppeT Killay Wl IApFX)inted Decenkn 21>17) Dtane Howard-Wil]is. GlynhirWI IApp)inted Marth 20241 2tr111 Ex officio Mavis TieTW (Appinted Mar¢h 2(124) Bankers P.0. Box 10 EH2 2YR Accountants. Harries Wathins & Jcrtws ijd IA Charnwcd Park Bridgena CF313PL
Chatity No: 1206209 Glamorgan Federdtion of Women's Instifvtes TTUStees Report Year ended 31st Ortober 2024 Objerts and acbvities for the mernbu5 of th¢ Federation The d)jective of the Board of Trustees ts the Governantr of Federation and approval o events or8aniged by the sub committees of the Federation that ixjth edurdte and develiw the OPFM)rtunitie5 in varied events to suit all Jnemits.The Board OE Trustees endeavour to L¥wer many aspects of SFW c(x)kÈry. atts and LTaft soentt. naral and envIrOrtal issues. and health and S(xal welfare. The responsibilities of the PA)ard of Tn]sw indudes health and safety issues and rk£k assessment. Risk awss[t has carried out and written phcies are in place. We cumtly employ one memker of st&ff and a writkn forhealth and safety re8ardins this rneMr of staEE IS in plate. Ownership of our prestht buildmg whxth hSe8 Etaria1 offiths i8 an Important resFX)nsibxlity d the PA)ard olTruslees. The obj'ectives of the Federntion are to further PU4X of the w(en.8 In8tithte organisation. Tr Fleratirn i8 8ovend iti att0rda with the Cu)SlilI¢M & rulÈs Icmted D[ber 2(1231. The Trustees COXLfirni that they knVeleferd to the Commiw(m's 8uidanLf on public benefit when reviewing the Trusvs and (FcbYo inplanning fUts artivities and s@ttin8 the grant makins po]icy forthe year. Aehievejnents and perfonnance The tharity was fOrnd as a a)aritable Incorporaltd Ck8anisation (ao) 14 DeLwnber 2, eith the aitn to take over the tharitable adkvities of the Clarnor8¥n Federati¢)n of Women's Institutes (Charity n(Y. 1321021. By the 31 (ktoi*t 202£ the trad]n8 Premi was trarL%ferred to year.
awlty No: 1206209 Glamorgan Federation of Wornen's Instikntes Trustees Report Year ended 31st Oetober 2024 Review of Tranuctio and Finaticiaj Positlon The Ac¢wnts show a surplus Eor theyear ended 31 O£knber2W24 due to Ihe traDsfeT of the property into the CIO. Governance and Jnana8ement GlaTnorsan FederatiLV of Wom'S $t1 i8 a Charitable Tn 8ovemed by the C(nstiluli and wles (updated Detrmlr 2023) and 18 registeled with the Charity Commm'or*rs. CouDciL in accoTdantr with the Gtsvemins d(KmL CAndidates be rH)rnited by a Women's Inst)te andlor a tntslee of the Federation. The Trustees are responsible for preparxn8 the Trusitt< Report and the finaTrtsal ststeTnents in accordance with applicable law and United Kingdom Attounting Standards Iunited Kinsdom Generally Actrpted AcLDuntiTh8 PraLtittk indudin8 FRS IW2 The Fi[Kial Reporting Stsndard applicable tn the UK and Republic ofheland. The law applicable to charities in En8land & Waks requ]xts the trustees to pteparÈ financial statements for eath finanaal year whith 8ive a true and Eair view of the stste of affairs ol the tharity and of the incoming resources and application of re¥Jtsr of dwity for that lOa. In PTeparins the8e linaThcial stotement4 the ttustees required to". Select suitsbIe aCUxt[Tr8 Fdiaes and then apply them lynslty.' Observe the meth(Kls and prinaplos irt the Ctwrities RP. Make jud8ernents and accountins eslijnales that are reawxble aj prudent State whether applicable accountÉns standards have been followed subjert to 8 Prepare the financial stsknnents cffi the goins conLEm basis Unle itis irtapproat£ to presume that the thartty will LK>Dtinue in busities&
ChaAty No: 12Wff4 Glamorsan Federation of Wotnen's Ins111 TNste¢$ Report Year ended 31&t Ortobet 2024 I'IK. trUStL are respon5ibl¢ for k¥Lyin8 lequate accounting nYord5 thai ate 5uffKieTtt sIMlW End Lixpltsin tlie tharitable ajmpanys traryttet and dtxlose wlth reasona aLThT4ry al atty tlme the fisiAn<i41 p&7Sltton of thL' Lryxnpan}' •r¢d ULablv t1 to ensure that thE financial ststeTnents Comply i¥lth the ConipBnies Art 21th. TIKY are alw wible foT salewrding the assets of the tharitable ¢inipaqv and ftsr taking Yeaable ps lor the pteventkth aThJ o( fraud an&othèT Iri¥ii14rilles Att¢xLnts For tYearXIed 31 OcloiwJ24 appwved by the tru5t&SlYL Ob And.1%d on thelT bthalf bv- Barbafa Ilowrttts EeratIon thalrnwn
Clwlty No: 1206209 Gkamorgan Federation of Women's Jn8titste8 Report of the Independent Examknerto the Trustee8 of Year ended 3181 October 2024 I report on the knoal 8tate1rts of the trua (ty the yearthded 31 2024 as t Pa8es 7 to 13. RegponslblIities and basls ot repDrt As the charity trustees oÉtheTTus¥ yw areTwthJe for the ptEpaxatIof tt acLYAmts in a¢LX with the requirementsof the (Thari Ad 2011 {'IlY ACY). I report In respect of zny examition of the Trusvs gLr(wits tsrrled t under SEetw)n 145 of the 2011 Act and in fdrrying (xlt my ex¥JMlnatirn I have followed all applitthe Dirertions glva) by tt ChariLy Commission under seditn 14LS(5Xb) Art lftdependent exomlnergstatejnettt L havo tompletcd my exarninatlorL I that no matertal Tnatters havE Lyxne kn my alltIr In the acrourtts donot acts)rdwith those rerJ)rd" or that the acccrtmts do not comply with tl appliLYble requirem the Eorzn and ol accounts 5etout in the Charities Act 21 arwl where app]i(yble. the CoTnwILs Art2LK I have no concertL and have come aLT5 rn Otlr mJtteKs In 1h the examInatl lo whlth reached. C D Jone8 FCA FCCA Harries Watkln$ & Jone5 L Chorteted AccrAtants IA ChamwTrxl Park BridSd. 13PL
Charlty No: 1206209 Clamorgan Federation of Women's Inslltuteg Slatement of Financial AclAvAtie5 Year ended 31st Oclober W24 funds fTfftds 21Y24 2024 21Y24 Inwme and tndowmtnts froln: Donation5 and 8*e$ Donations Inve$ttnent Income Bankn>uildin8 Siety interest Other trading activities NFWI rafAe inwme Wl Enterprises salts WL stationery sales Centenary gm sales Charitable activitie$ AffiliatiC>n fees P(K)lins ol fares Federation newsletter Events, functiOELS aTLd sthcds Federations of Wales ACWW project AGM meebng Annual couneil meèting Suspexjded WI'S Other income VAT adIstMe[1t from prAor yeaTS Total incomln8 resoiiT¢¢s 95Ak
Charlty No: 1206209 Glamorgan Feder&tion of Women's Instlllltes Stalement of Finanaal AetxvAties Year ended 31st October 2024 funds funds 21Y24 21Y24 Expendituie on.. Raising funds enterprise5 paymenL8 Wl stationery payments Charitable aCtitieS Affiliation fees Pooling of fares Federation newsletter Events. Eunrtions and sthools Federaknon5 ofwales ACWW project NFM Annual meekn8 Annual rotujcil meetins Total expendithre Net gaÉnslOossesl m investtnth Net inwmelexpenditure 95SKII TiansferJ between hmds Othet reco8tiTr$ 8ainslOossts) Gain$ll105sesl on revaluation of fixed assets Net movemenl in fwLd¥ 95ANXI Retottciiiation 0£ fun4tr. Total fwids brought forward Total fund$ vdrtled forw4Td 95A*X)
Charity No: 1206209 Glamorgan Federatson of Wotnen'¥ Inslitutes Balance Sheet Year ended 31st OLober2(r24 Fixed A91el• Tanglble Assets Staeks DL4rtors Ilank dEposit awjunts Bank current account Lash hand Crediiors.. amounts olllmg due withlft •ne y•ar Net Cuent At• Th 0¢ the charlty R¢$tricted in¢omt fund• Unrestricl¢d fundj Uiiri4irsrted iFLa)me fu$ Rtrvaluarton reserve I"oal unrestri¢tLYI funds Total ¢har&ty fuhdl Appn)ved by the tnth ¢)n...... tknrbara BowAng edtlOn ¢h*lrrnDn
Chadty No: 1206209 Glamorgdn Federation of Women'8 Institutes Notes to the Accounts Year ended 31st October 21r24 Accountin8 policies 1.1 Basis of PPatIon of attollnts The accounts lfinan£ial 5tsTntntsl have bl prepated under the historical tt6t ¢(ventIon with itern5 recwisd at Cast or trans8eticn value unless Lhery4i Staled in the ielevant notr($} these accounts. The 6nancial state111$ have been prepaTed in amrdantt with the seLYmd edition of the CIlltieS Staternent of R&(Indea Pradice issued in Cktther 2019. the Finanaal Reporttn8 Standard applicable in the ulled Kinsdom and Republic of Ireland (FRS 1tr21. the tharities Art 2011 and the Companies Act 2(Th. The tharity Constitutes a Fnthlic lnefit entity as definedby FRS l(r2. 1.2 Goin8 Coern assessment ttinUe a$ a 8offtn8 Lxmcem. The tntstee5 have c(wIded the level of hsnds held and the expected level of int(ne and eXplEUTe for 12 months frorn author)ng these finantial statements, and the aTktÈcKpatEd xna>me and expthditure is ts7rffitit with the level of reserves for the tharity tobe able to ctmtinue as a 8omg ccrJcerrL IJ Change of accouthtAn8 policy The accounts present a true and fair view Oj de8 have bw made to the accounting litte$ adopd below. 1.4 Chan8es to atcounting e•limates 1.5 Material prioryear em)Th No matersal prior year eTMtshaveE¢en idenlified in tt rewbn6 peri(KL 1.6 Income Retognition ot incoJDe All income its reCw1 once the tharity has entitiellnt to the income. Lt is pr(knbk that the incorne will be received and the amount of incornereLivable can be measured reliably. Grants and donations Grants aDd di>nattons ate cdy induded in the&)FA wln tF Se incomt teLD8nÈti¢)n criteria are Tnet15.10 to5.12 FRS]IY2 RE1. Jn the case of related wts. tm)me must only r1 tts the extent that the charity has provthd the slfied or services as entit]ernent kn the grant on ty coJrs wF*n the Frrforllunce related ccfftditiiware met {5.16FRS 1(r2 Ry}. Inve$tmenl income Jnteresl on funds held on deit is induded when rthEivable and the anLmt be measured rehably by the cknity: this ts norn)ally upjn tifiCatI d the inieyest paid or payable by the bank In¢orne from membership subscriptiotts
Charlty No: 1206209 Glamorgan Federation of Women's Lnstitotes Notes lo the Accounts Year ended 31st October 2024 Accountitt8 polities Membership SUEIPE1C which 8ives a the right to buy servitrs or olher income from tharitable adivities. 1.7 Liabilitles Liabillty recognition Liabilities are recogn1 where xt 15 likely than not that thete is a legal or const£1ve obligation collllnittin8 the dwity tts pay oul re50urtrs and the ojnount of the obligation Can be measured with YeaSLThble LErtainty. Covtrnance and 511PPOrt tosts Supp)rt Costs have been all{ated Eetween govern CLs and other SUP1L Covemanee c(Asts comprise all costs involvins pubhc attountability of the charity its Complian with re8ulation and g(¥xl piactitr. Supprt iY)sls indude central functi and have kn allttated to artivity cast categotieB on a basis consAstent with the use of resour eg all(ttting proFerty crtsby tl(x)r aT or capit& staff Lyjgts by the tlme spent and other by lT usage. Grants received Where the tharity &VL% a grant with c(x1t10s for its pawt beirt8 a speaftc level 0£ service or output to be provided. such grants are ¥XLly recognis the FA the recipient of the granthas Provided fv sed *rvltr orwwl. Where there a no tonditions ottaching to the grant that enables the donor dLaTity to tealistically avoid the commitment. a IAabi]ity for the full funding (l>lLgati(YL must be recognised. P4eii
Charity No: 1206209 Glamorgan Federation of Women's Institutr8 Notes to the Accounts Year ended 31st October 2024 Accounting polities Creditors The tharity has creditoty which are at settlement arn(nts less any trade dAscount5. Provision8 lor liabililies A liability Is measured on reco8niti(o at its histoticai Cr and tha) subsentlY measured at the best estirnats of the aummt required sÈttlt the t*Jigation at & reportins date. Basic finattcxal instnunenL8 The charsty accounts for basic InstnUnts initial reti)8nition as P paragraph 11.7 FRS102 RP. &thsequent nsUre[ntht is as p8taphs 11.17 10 11.19. FRS102 SORP. 1.8 Fixed a$5els Tangible fAxed asxts foru8e by the charity and depre¢iation These #re capitslised if tlw can used for more than ¢Me y. and ct at least £150. Assets are No depreciation has been wded crt) freehold buildin8 whith is a residential ho and intluded at the trn5tees' Waats¢Jn. 1.9 Sto¢ks Stttks held for sale as part of nOdtable trade are rne&8ured at the lowor or at or net realisable Vae. 1.10 Debtors and prepayments Dd>t015 (Anduding trade debtOTS and loatL% receivable) ate rne&suTed on tnitial rea)8nJ'tion at 5ettiemtht amount after any trade diKfjunts or am(nt advanced by the tharity. Subsequently. they are ai the cath or other 0)nsIderati expected to be tecelved. 1.11 Related party trangdion8 There were related paty trarwLtiOllS thatrequired disd0>7 duTin8 the ye4r.
Charity No: 1206209 Glamorgan Federatloty of Women's Institutes Noles to the Accounts Year ended 31st Octobei 2024 2 Fxxed a8sets Freehold land & Oftice Furnlt¢ue & buildiD8S qwptheni Fittings Totsl Cost and valuation t l Novemier 2 Revaluation Additions At 31 OdoberW24 95AKX) Depredalion At l NovemteT 2023 Charge for the year At 31 Odober 24 Net book Yalue At 31 Odober 2024 At l November 20L8 The lrnstees have induded the prowty at an w market bast4 U5tn8 COTnparable attd investment meth(Kis. The property was xevHlued in 2 at Lty5.Im by extemal independent experts Payton Jewell and Caine5. The Ttustees do not coTh%ideT that thert has been a [nala1 sJ%an8e in the market value 338t the yearend. Analysis of cbarllable tund* Analysi& of movements in ynrestlicled fllnds Fund Fund balance$ brnll8ht Gain$ and carried foTward Income Ewditstre TraMfer8 1055e8 forward Fund Thames Ceneral hjnd 95AXMI 95 Des¢tiptioTh nature and pU08e of utrresfrdeted fd9 This fund 15 for use by the charity in fulfi the ain of the dwity and tornainfain continuxty of servitr.