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 investo￿ntS and fina￿la1 rnatters asxKiated with the Federation. The finaTh(ial ststements have l*en ptepared in aCr0rd￿ with the accountin8 licies set out in note i to the actounts and ¢(xThply with the charitys trust deed. ￿ 0￿ritieS Act 2011 and Accountin8 and the Charitie5 Statern￿t 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&orF￿1ea Orsanisatirn and ts re8kStered with the Charity Coll￿11￿0TheTs. 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 D￿e￿I￿r 2023. St(xxl down as Treasurei In May W241 Myra Thoma4 UpperKilJay Wt (TreaSl￿er. Awnled May 20241 Carolyn Davie4 Pontydun WI IApp)intÈd DKemi*r 2ml Be]inda HanSfor￿ Three Crosses Wl (Apwted March 20241 Gloria Ii)nÉs. Port Ta]Ix)t ￿ (Retired Mard) 20241 Wendy KnighL Swan8ea c￿1[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 Jnemi*ts.The Board OE Trustees endeavour to L¥wer many aspects of SFW c(x)kÈry. atts and LTaft* soentt. naral and envIrOr￿tal issues. and health and S(x￿al 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 rneM￿r of staEE IS in plate. Ownership of our prestht buildmg whxth h￿Se8 ￿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 F￿leratirn i8 8oven*d iti att0rda￿ with the Cu)Sli￿lI¢M & rulÈs Icmted D￿[￿ber 2(1231. The Trustees COXLfirni that they knVelefer￿d 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 fOrn￿d 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 ￿$t1￿￿ i8 a Charitable Tn￿* 8ovemed by the C(nstiluli and wles (updated Detrml*r 2023) and 18 registeled with the Charity Commm'or*rs. CouDciL in accoTdantr with the Gtsvemins d(K￿m￿L CAndidates be rH)rni￿ted by a Women's Inst)￿te andlor a tntslee of the Federation. The Trustees are responsible for preparxn8 the Trusitt< Report and the finaTrtsal ststeTnents in accordance with applicable law and United Kingdom Attounting Standards Iunited Kinsdom Generally Actrpted AcLDuntiTh8 PraLtittk indudin8 FRS IW2 The Fi[￿Kial Reporting Stsndard applicable tn the UK and Republic ofheland. The law applicable to charities in En8land & Waks requ]xts the trustees to pteparÈ financial statements for eath finanaal year whith 8ive a true and Eair view of the stste of affairs ol the tharity and of the incoming resources and application of re¥Jtsr￿ of dwity for that ￿lOa. In PTeparins the8e linaThcial stotement4 the ttustees required to". Select suitsbIe aCUx￿t[Tr8 Fdiaes and then apply them lyn￿s￿lty.' Observe the meth(Kls and prinaplos irt the Ctwrities ￿RP. Make jud8ernents and accountins eslijnales that are reawxble aj￿ prudent State whether applicable accountÉns standards have been followed subjert to 8 Prepare the financial stsknnents cffi the goins conLEm basis Unle￿ itis irtappro￿at£ to presume that the thartty will LK>Dtinue in busities& ChaAty No: 12Wff4 Glamorsan Federation of Wotnen's Ins11￿1 TNste¢$ 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 fisiAnuildin8 S￿iety 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 adI￿stMe[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 aCti￿tieS 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 OL*ober2(r24 Fixed A91el• Tanglble Assets Staeks DL4rtors Ilank dEposit awjunts Bank current account Lash hand Crediiors.. amounts *olllmg due withlft •ne y•ar Net Cu￿ent A**t• Th* 0¢ the charlty R¢$tricted in¢omt fund• Unrestricl¢d fundj Uiiri4irsrted iFLa)me fu￿￿$ Rtrvaluarton reserve I"o*al unrestri¢tLYI funds Total ¢har&ty fuhdl Appn)ved by the tnth ¢)n...... tknrbara BowAng ￿ed￿t￿lOn ¢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 P￿P￿atIon of attollnts The accounts lfinan£ial 5ts*Tntntsl have bl￿ prepated under the historical tt6t ¢(￿ventIon with itern5 recwisd at Cast or trans8eticn value unless L*hery4i* Staled in the ielevant notr($} ￿ these accounts. The 6nancial state1￿11$ have been prepaTed in amrdantt with the seLYmd edition of the CIl￿ltieS Staternent of R&(In￿dea Pradice issued in Cktther 2019. the Finanaal Reporttn8 Standard applicable in the u￿lled Kinsdom and Republic of Ireland (FRS 1tr21. the tharities Art 2011 and the Companies Act 2(Th. The tharity Constitutes a Fnthlic l*nefit entity as definedby FRS l(r2. 1.2 Goin8 Co￿ern assessment t￿tinUe a$ a 8offtn8 Lxmcem. The tntstee5 have c(wIde￿d the level of hsnds held and the expected level of int(*ne and eXp￿￿lEUTe for 12 months frorn author￿)ng these finantial statements, and the aTktÈcKpatEd xna>me and expthditure is ts7rffiti￿t 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￿ d￿￿e8 have bw made to the accounting ￿litte$ adop*d 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 entitiell*nt to the income. Lt is pr(knbk that the incorne will be received and the amount of incornereL*ivable can be measured reliably. Grants and donations Grants aDd di>nattons ate cdy induded in the&)FA wl*n tF* Se￿ incomt teLD8nÈti¢)n criteria are Tnet15.10 to5.12 FRS]IY2 ￿RE1. Jn the case of related wts. tm)me must only ￿ r￿1￿ tts the extent that the charity has provthd the s￿lfied or services as entit]ernent kn the grant on ty c*oJrs wF*n the Frrforllunce related ccfftditiiware met {5.16FRS 1(r2 ￿Ry}. Inve$tmenl income Jnteresl on funds held on de￿it is induded when rthEivable and the an￿Lmt ￿ 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 SUE￿IPE1C￿ 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￿ CL*s and other SUP1￿L 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 cr*tsby 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(x￿1t10￿s 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 s￿￿￿ed *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) subs￿entlY measured at the best estirnats of the aummt required ￿ sÈttlt the t*Jigation at & reportins date. Basic finattcxal instnunenL8 The charsty accounts for basic InstnUn￿ts initial reti)8nition as P paragraph 11.7 FRS102 ￿RP. &thsequent n￿sUre[ntht is as p8taphs 11.17 10 11.19. FRS102 SORP. 1.8 Fixed a$5els Tangible fAxed asxts foru8e by the charity and depre¢iation These #re capitslised if tlw can ￿ used for more than ¢Me y￿. and c￿t at least £150. Assets are No depreciation has been wded crt) ￿ freehold buildin8 whith is a residential ho and intluded at the trn5tees' Wa￿ats¢Jn. 1.9 Sto¢ks Stttks held for sale as part of nO￿d￿￿table trade are rne&8ured at the lowor or a￿t or net realisable Va￿e. 1.10 Debtors and prepayments Dd>t015 (Anduding trade debtOTS and loatL% receivable) ate rne&suTed on tnitial rea)8nJ'tion at 5ettiemtht amount after any trade diKfjunts or am(￿nt advanced by the tharity. Subsequently. they are ai the cath or other 0)nsIderati￿ expected to be tecelved. 1.11 Related party trangdion8 There were related paty trarwLtiOllS thatrequired disd0>7￿ duTin8 the ye4r. Charity No: 1206209 Glamorgan Federatloty of Women's Institutes Noles to the Accounts Year ended 31st Octobei 2024 2 Fxxed a8sets Freehold land & Oftice Furnlt¢ue & buildiD8S qwptheni Fittings Totsl Cost and valuation t l Novemier 2 Revaluation Additions At 31 OdoberW24 95AKX) Depredalion At l NovemteT 2023 Charge for the year At 31 Odober 2￿4 Net book Yalue At 31 Odober 2024 At l November 20L8 The lrnstees have induded the prowty at an w market bast4 U5tn8 COTnparable attd investment meth(Kis. The property was xevHlued in 2￿ at Lty5.Im by extemal independent experts Payton Jewell and Caine5. The Ttustees do not coTh%ideT that thert has been a [na￿la1 sJ%an8e in the market value 338t the yearend. Analysis of cbarllable tund* Analysi& of movements in ynrestlicled fllnds Fund Fund balance$ brnll8ht Gain$ and carried foTward Income Ewditstre TraMfer8 1055e8 forward Fund Thames Ceneral hjnd 95AXMI 95 Des¢tiptioTh nature and pU￿08e of utrresfrdeted f￿d9 This fund 15 for use by the charity in fulfi￿ the ain￿ of the dwity and tornainfain continuxty of servitr.