Charity No: 1206209 theWI IIISPIRING WOMBI Glamorgan Federation of Women's Institutes Board report for the year ended 31 October 2025 Annual Financial Statejnent for the year ended 31 October 2025 Charity No: 1206209 Clamorgan Federation of Women's Institutes Trnstees Report Year Ènded 31st October 2025 The Trustees present their ar￿￿al report and financial statements of the d￿rity lor the year ended 31 October 2025. The Trustees report shows activities for the Federation for the year. The Board of Twstees have overall responsibilities re8ardin8 the Anvestments and financial matten a&s(Kiated with the Federation. The financial statements have E*en prepared in aL￿)rdan￿ with the accountins policie5 set out in note I to the accounts and comply with the dmritfs Irust deed the c￿arItieS Act 2011 and Accounting and the tharities Statement of Recommended Practice (second edition) and Financial Repoty Standard FRS 102. Legal Status Glamor8an Federation ol Women 8 InSti￿teS ts a Charitable TTUSt and is ￿lstered with the Charity Commissioners. Charity Re8iStration Number. I2[￿2(￿) Company Registratioft Ntsmber. CE034629 Prinapal Off£ee: Glamorgan Federation ofwomen's Institute 13 Courtland Pla SA13 1 Trustees.. Barbara BOWri￿ Bary Wl (aMirnian.' AppoiJ)ted March 20241 Carol AtkinsoJ¥ 08more Valley M Ichaimian.. Retired March 2024} Sandrd David￿ Coychurch M (Vio a)airman Detrmber 20231 Daphne FurneauA Liandewi with Knelston ￿ (Vice a￿lM￿l.. Appointed Mardi 20241 Claire Athertor¥ Crei8iau ￿ (Treasurer. Reappointed De￿rnber 2(123. St(K)d down as Treasurer ITh May 2)24) Myra Thom4 Upper Killay WI cfreasurer. Appointed May 2(r24) Carolyn Davies Pontyclun Belinda Hansfort Three Crc6ses Wt (AP￿irtted March 2024) Gloria Jo￿, Port Talix)t Wt (Retired March 2￿24) Wendy Knighi Swansea CÈntral Wl (Appointed December 2023,. Retired March 202£. Co-opted Sepiember 21Y241 MargaTet Ma8uire, UppeT Killay ￿ (Appointed DecErn￿ 2023) Diane Howard-Willi& Glynhir Wl (App)inted March 2024) Pam I)inham (Chairman Memberth"p Support Committee lknber 2￿20} Ex offiao Mavis fjerney (Appointed Marth 2(r24) BankeT& Uoyds Ban& PIC Victoris Branth POBOX l( BXI ILT Accountants.. HatTie5 Watkins & Jones Ltd artered Accounfants IA Chamwood ParK Bridgend. CF3J 4BW Clwity No: 1206209 Glamor8an Federation of Women's I￿StituteS Trustees Report Year ended 31st October 2025 Objects and aclivAtie8 £oT the members of the Federatlon The objective of the Board of Trustees is the Covernantr of the Federation and approval of events organised by the sub committees of the Fedetation that both educate and develop the opportunities in varied events to suit all members.The Board of Trustees endeavour to cover as many aspects of sport, cookery. arts and aafts science. rural and environmental issues, and liealth and soaal welfare. zesponsabilities of the Board of Trustees indudes health and safety issue5 and risk assessment. Risk as8es8meni has E*en carried out aT)d written poliaes are in pla￿. We currently employ two members of staff and a written poliry for health and safety resardxng this member of stsff is in pla￿. Ownership of our present buitding whKch houses our se￿etaria] Offi￿ is an important responsibility of the PA)ard ofTntstees. The obj'ectives of the Federation are to fitttk*r of the w0￿￿'S Institute organisation. The Federation is soverned in accordan￿ with the Constitution & rules (updated MaTch 20251. The Trustees coxthrm that they have referred to the (7Larity Commi&wn's guidan￿ on public benelit when reviewins the Trusys aims and 0￿1Ve4 in planning futuft aclivities, and settiThs the grant making poliLy for the year. Achievements and perforn*nce Organised events by the Board of T￿￿ indude Escape R(KJms at Cardiff and Swansea organised by the Sport and LeIsL￿e SUP￿com￿lttee and Whist at Murton HalL both events were very SUC￿55[u1. A Craft SpeLtaLillar was held at Margam Orangery in November. The Combined Arts Committee held an aftern￿n with music. at the Hi-Tide Porthcawl. The Rosebowl & Brecon Cup preliminary rounds organised by the Home Economi¢s & Craft sub- commktteL' with an aftemtym tea was held at the Griyve Golf Club Porthcawl in May and was very SuC￿Ssful. The Chepstow Races took place in June, the event went very welt and was enjoyed by all wlK> ttended. The Annual ClamoTgan Show was held in July at the Aberdvon Beach HoteL Port Talbot and was enjoyed by all who attended. Foitr coache5 t￿k our members to The Malvern Flowershow in *tember. The Federation Quiz was packed out for a great evening. The CombAned Arts Subcommittee held a delishtful evenins of Wine and Words at The Hi-Tide In*￿r. Our Public AfEairs SU￿ComMittee organi￿d a Stxy Safe Keep Safe Awarene￿ Event. Ot]r Annual Gene￿1 Meeting was held in Ortober at the Princess Royal Theatre. Barry Arts and Events Centre and our s￿akerS at the event were Jason Mohammad and David C￿￿b$ of Bre¢on Mountain RÉscue. Given the hard work and enthusiasm of the Board of Trusiee in coniunction with the Sub Committees. the members of Clamorgan Federdtion have enjoyed a very successful year with varied programme of events to suit all needs. P•8¢2 CharAty No: 1206209 Glamoigan Federation of Women's Institutes Trustees Report Year ended 31st October 2025 Re￿eW ot Transartions and Fltianeial PosAtion The Acc%￿nts show a surplus for the year ended 31 (kr0￿r2015 by virtue of the trarLsfer of the ets from the unicoporated GFWI into the charitsble organisationin the year. Membership iLmains stable and members ably SUP￿￿ the Federation in all of the variou$ activities available. It xs the policy of the charity to maintain unrestricted hthds at a level which will allow it to continue for the next six months regardless of any shorttomings in current income. Reserves at 31 October 2024 amounted to Qll.557, which are suffiaent funds in the Federation to abide by the policy OI the ChaTity Commi￿101￿ Governanee and management Glamorsan Federation of Women's Institures T8 a Charitable TTUSt soverned by the Constitution nd rnles lupdated March 2025) and is Tr8iStered with the (Jwrity commi￿one1$. The elected members of t￿ board of trustee5 are announced at the Annual Meetin8 of the Council. in accordance with the Goveming diKiJrneTht. Candidates must be nominated by Women'8 In8titute andlor a trustee of the Feder4ti0 The Trustees are responsible for prepaTing the TrllSte￿ Report and the financial 51atemerkts in ccordance with applicable law and United Kingdom Accounting StandaEd5 (United KiDgdi)m Genera]ly A￿pted Accounting Prartice), indudms FRS I￿2 The Finanaal RepoTting Standard applirdble in the UK ar￿ Republic of Ireland. The law applicable to charities in Ensland & Wales requires the trustee8 to prepare finanoal statements for each finanaal year whÉch give a tme and fair view of the state of affairs of the d￿rIty and of tlie incoming resources and application of ￿sOu￿ of the charity for that peri(Kl. In preparing these finanaal ststernents the trustees are required to.. select suitable accounts.ns poliaes and then apply theTn collsistently. Observe the rneth￿ts and prinaples in the (7writies SORP: Make judgements and acLY)unting e￿imateS that are reasonable and prudent,. State whether applicable accounting standards have been followed. subjert to any material departures disclosed and explained in the finanaal statements. and Prepare the financial statements on the goin8 concern basis unles5 it is inappropriate to wesume that the dwrity will continue in bu5ines& PaF3 ch￿lty No: 1206209 Glaniorsan Federation of Women's Institute8 Trustees Report Y*ar ended 31st October XY25 The triI%tt￿Y arc responsible for kLyins sufficient accountins Te¢ord$ that discjose wlth Teas)rtable LLifiiiy at any IlmL' the financial wition of the charity and ￿4￿le them lo ensure that the flnaD¢lo1 >lateniL&n*s' iomply wkththe Conipanles Art 2L￿6. They a￿ aLso rnsp)nsible for safeguard5ng the as￿.1￿ ()f the charity and hence for thhin8 ￿PonSIble 6fep5 for the prevention and detectlon of frnud and thL> Otlw trrestslarltie5. ALThiunl¥ fot ihL4 yearended 31 0¢to￿t W25 approwed by the trU8t*80n: (DAte) And slsned on thelr behalf by- Barbatn Bowrlns Fed¢r*tion thaimi*n Charity No: 1206209 Glamor8an Federation of Women's Injtitutrs Report of the Independent Examinerlo the Trustee8 of Yeai ended 31st Odober 2025 l TCPOrt th the financial strlemeT)ts of the trust for O* yeorended 31 21Y15 as *t oul pa8e$ 6 to 19. Re$pottsibllitie8 ind b￿1$ of ttport Ag the chatity tr[￿t￿ of the Trus¥ Y￿ are rryxtsible frff pwtl(m of the acLYX￿t9 in ac(xxdarL with the requirerywits OEthel￿1ties Att2011 {'the Ac¥ I report In TesFrt OE my examinati￿ of Ttl￿S att￿nts ranied L￿1 under ￿t￿M 145 01 the 2011 Act and In cawing out my examination I have f(thwwJ all wlW>b]e DitectiLW SIV￿ by the Charity Commissirn under settion 14515Xb) otthe Art. Independertt exatskn 81#teE￿I I have completsd my examination. I that no 114iterial matth have tc*lle to my attenllTh) lo at¢ounting records were Th)t kept in of the Tn￿ 45 reqlli￿d by *dion 386 of the Ci)mpanie8 Ad 2￿￿.. or theaccount¥do t)rt a¢cord with th¢A* records: or thÈ do not (Dmply wilh the appjicable requiremenb (ty￿￿nths the fonn ar￿ ecthlw)t rA accowit8 set (￿t kn the (Iwities Act 2011 anl where applicable. the Cthnpanles Act ot than any requirenwnt that the acLTr]nts 8kve a'tnje 4nd £8tr view whlth18 not a consldered V have no CODcerm5 and have acD)Bs noother Jwitlers In wlth the examlrwtlrn kn whlth reached. C D Jones FCA FCCA Harries Watkins & l¢mes ild chaT￿red Attountan IA tharnwLKd Park Bridg•kt ￿1 3PL Date.. arity No: 1206209 Glamorgan Federation of Women'8 Insti￿te8 Statement of FinancAal ActiVAties Year ended 31st October 2025 Uttrestrl Charity No: 1206209 Glamorgan Federation of Women's 11￿11t￿leS Statement OE Financial Activities Year ended 31st Ortober2tr25 iknrestriL*ed Rt8tiided Total fundB funds funds Tot funds 2024 ExpendxtUTe on: Raising fynds enterpTiSÈS payments WI Stationery payments 570 549 1,119 1.119 Charitable activities Aflilialion fees I>oo]ing of Eare8 FedL'ration newsletter Eveiits. functions and sthoois Welsh Conference Glamorgan AGM NFWI ACM 14.452 Il452 129 10,858 70.424 10*58 70.424 114 114SJ iii.I 111.150 Total expenditure IiU69 Net ￿]nSIO(￿se5) (x) investments Net Incomelexpendi￿re 188J54 2B2Q3 216￿57 95JXKI Tran8feTS between fwids Othertecosnised gaIn￿O08$e$l Cainslllossesl on revaluation offixed Net movetnent xti fimds 188JS4 28203 216￿7 95,L¥X) Reconciliation of fund$- Total funds brought fO￿ard Total ￿ndS canied forward 31U57 Charity No". I21￿209 Glamor8an Federatlort of Women's In8t1￿leS ilalartee Sheet Year ended 31st Othb¢r21115 Ixed Aliel l aii%iblt 95281 Currtnl A85*15 Sts)L'ks tk.biLir$ 14ai)k depc)sii acLxyJnts 14aiik- lur￿lit acLll)unt Lath in liand 161244 64.J76 19)) Cfvdilo￿-. 4mtyunls f*lllng dye wilhin on¢ y¢4r N*1 Currenl ￿sell 2162n Net AHet• 311J57 Tha tyl Ihe Charity Re51ri¢led incorne h*Trdi Unrtiiritled ftsnds tjnii￿trlcLtTrd iDe()me fuT¥Js .1 i*al unTL%tr￿￿&YI Toial ¢harity fuAdA Approved by the tnE%teeson........ S18rndon￿1T behalt F"ederalion ¢hairnian Charity No: 1206209 Glamorsan Federation of Women's Insti￿te5 Notes to the Accounts Year ended 31st Odober 2025 Accounting poliaes 1.1 Basis of preparation of accowits The accounts (financial statements) have been prepared under the historical cost convention ￿th items recognised at wst OT transaction value Unl￿ otheThvise stated in the relevant note(s) to these aco)unLs. The finanaa] thtelllents have been prepared in accordan￿ with the second edition of the Clwities Statement of Recommended Practice issued in (ktober 2019, the Fir￿n(JaI Reporting Standard applicdble in the United "n8dom and Republic of Ireland (FRS 102). the Charities Act 2011 and the ComE)anies Act 2006. The charity Lymstitutes a public Tr￿t entity as defined by FRS IOZ 1.2 Coins concern assessment The trustees consider that there are no material uncertainties aknut the Trusys ability to continue as a going concern. The trustees have considered the level of fLmds held and the experted level of income and expendit1￿e for 12 months from authorisin8 these financial statements, and the anlicipated income and expendittare is sutfioent with the level of reserves for the charity to be able to Lvntinue as a going con￿rn. 1.3 Change of aceounling policy The accounts present a true and fair view and no dwiges have beeti made to the aecountiThg Ix)liaes adopted below. 1.4 ChaD8e$ to accountins estlnute6 No changes to accountins estimates have OCCIllr￿ in the reporting peri(xl. 1.5 Material prlor year emlrs No material prior year errors have l*en identifred in the reprtin8 Friod. 1.6 Reconciliation wlth previous Generally Aecepted Accowiting Pr•rtise tn preparing the accounts, the trustees have considered that no restatement of comparative items was required ID applying the aettiunbThs polieies required by FRS 102 and the Charities SORP FRS I(11 CharAty No: 1206209 Glamorgan Federation of Women's Institutes Notes to the Accounts Year ended 31st October 201 Aecounting policies 1.7 Income Recognition of income All income 15 reeognised On￿ the charity has entitlement to the irwme. it is probable that the income will be re￿Ived and the amount o£income TeLEivable can ￿ measured reliably. Grant5 artd donations Grants and donations are only included in the &)FA when the general income recognition criteria are met {5.10 to 5.12 FRS1tr2 SORP). In the case of Performan￿ related grants. ÉncoTne must only ￿ )EcO￿lSea to the extent that the charity has provided the specjlied g(M)ds OT services &8 entitiemeni to the grant only occurs when the perforniano related conditions are met15.16 FRS 102 SORP). Investment ineome Interest on funds heEd on deposit is induded wi*n recexvable and the at)wunt can be rneasured reliably by the charity.. this is nonnauy upon notification of the interest paid or payable by the bank. Income from rnembership subscriptions Membership 5ubscriptiorLS which gives a MeM￿r the ri8ht to buy Servi￿ or other benefits are recosnised as income earned from the provision of s￿ds and serrices as income from charitable activities. 1.8 Liabilities Liability recognition Liabilities aEe recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resour￿ and the a￿OUnt of the obligation can ITLeaS￿ with reasoDable LErtainty. Governante and support costs Support costs have E*en allocated between s0veMan￿ wsts and other support. Governan￿ costs coffiprise au costs involving pubb"c accountability of the tharAty and its compliance with regulation and good prdrtiLt. Support Costs indude central functions and have been allocated to aCti￿ty Cost categories on a basis consistent with the use of re80ufLts eg aUocatiIig PrO￿rtY costs by floor areas, or per capita staff costs by the time spent aThd otlw LX)sts by their usage. Ciants received Whore the charity gives a grant with conditions for its payment being a speeific level of servsce or output to ￿ provided, such grants are only reLY)gnised an the SOFA OTh￿ tt recipient of the grant has provided the sE)eLified Servi￿ or output. FaÈe 10 Charity No: 1206209 GlamoTsan Federation of Women's Institutes Notes to the Accounts Year ended 31st October 20Z5 Accounlins poliaes Where there are no conditions atta(￿"nS to the grant that enables the donor tharity to realistically avoid the commilmen¢ a liability for the full fundtng oblisation must be recognised. Creditors The tharity creditors whith are measU￿d at settlement amounts less any trade discounts. Provisions *or IAabilstie$ A liability is measured on recosnition at its historical cost and then subsequently measured at the ￿st estimate of the amount Yequired to settle the obligation at the reporting date. Basic finandal instrwnents The charity accounts for basic Gnanciai instruments on initial recognition as Fr paragraph 11.7 FB51￿ SORP. Subsequent measU￿rnent is as peE paragraphs 11.17 to 11.19, FR51￿2 SORP. 1.9 Fixed assets Tangible fixed a58ets for use by the charity and deP￿ClOt10n These are capitali5ed if they can L* used for more tharL one year, ar￿ cost at least £250. The cost of minor additiorLS or those costin8 below £250 a￿ not capitalised. A3sets are Depreciation is provided on tangible fixed assets so as to write off the cost or valuatio less any estimated residual value, over their expected useful economhc life as follows.. offi￿ equiprnentt 4 years straight line basis Fixtures and fittsngs.. 5 year5 straight line ba8is No depreciation has been provided on the freehold buildins whith is a Tesidential house and included at the twstees, valuation. Fixed Asset investrnents Fixed asset investments in quoted share& traded bonds and similar investments are valued Ènitially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted invesimthts unless fair value cannot be measured reliably in whith case it is n)easured at c(Kst less impairment. 1.10 Slock8 Stocks held for sale as part of n¢)n4haritable trade aTe measured ai the lower or cost or nct realisable value. Pa8e 11 Charity No: 1206209 GlamoIgan Federation ot Women's Institutes Notes to the Accounts Year ended 31st October 2025 Aceountlng policies 1.11 Debtors and prepayments Debtors (including trade debtors and loans Te(Eivable) are measured on initial recognition at ￿ttlement amount after any trade disL))unts or amount adVan￿d by the cliarity. Subsequently. tFy are measured ai the cash or other consideration exs*cied to be received. 1.12 Related party transa¢tions There were no related party 1rarSaLtior￿ that required disclosu￿ during the year. Pa8e12 Charity No.. 1206209 Glamorgan Federation of Women's Institutes Noles to the Accounts Year ended 31st October 2015 2 Events, funtfions and s¢h4)0]s income al￿ expettdittste 2024 Board ofTNslees events reLEipts Bxpenses 18,3 19. 15J46 11705 1641 Cornbined arts 3.810 410 Home eccnomi¢s and ctafts rÈceipts Expenses 9.131 9Jlll 120 671 Pubhc affairs receipts 18285 17,926 1546) Membership support Pw14 Glamorgan Federation of Woftnen's Instithte5 Notes to the Accounts Year ended 315t October 21125 Charity No.. 1206209 3.1 Strff Co$t5 2024 Salaries and wages &xial seLurtty ctLSts Pension costs {defi[￿d LY)ntrthution thme} Other empIoyee benefits Tolal staff 2£322 17.146 24J22 17.146 No employeesreceived employee benefits (Èxduthg employerFa￿1L￿ LWS) for the wrtin8 peri(xl (rfmore than £ÉQ.LINI 32 Ayerdge head eountin the year ThepaTts ￿ the cknity in whith theemployts work. undraising Charitable Activities Governance AtcountaDCy attd Independent examinee8 fees Accountancy fees indudes the amowts payabIe in Te]ation ￿.. Independent examinati(YJ AcLX)L￿tancY and taxation servi 1120 3.912 Z016 TTuslees expenses Trustees had expenses. thatwere incurred in the Lxxuse of undertaknns Ertsstee dutyes, reimbur6ed dirertly to them by the Charity. Expenses in¢uTred wereall travelling foT the loTn￿ Chairnian's expense5 Treasure￿$ expenses Board of trustees exswes I￿) 7.951 201 2,787 3￿7 15 Charity No: 1206209 ClaThorgan Federation of Women's Institutes Noles to the Aceounts Year ended 31st Oclober 2025 6 Fixed assets Freehold land & Office & Totsl Bui]Jin8s Equipmertl Fitting5 Cosl and valuatlon At l Novemkr 2￿24 Revaluatii)n Additions 95.( 4412 17.T25 117,137 At 31 O¢tober2025 £412 17,n5 117,137 Depreciatio At l Novem￿ 2ff24 Charge for the year At31 OctobÈt 2025 4412 17JY/ 21.719 137 17A44 56 Net book value At 31 Ortober 2￿15 95A 95,iXW) 95381 95AI8 At l November2024 418 The ttU5tees have induded the property at an open rnarket b&%14 using ¢wparable and investment methods. The PrO￿rtY wa$ revalued in 2(fL3 at e95,LKKI by extsmal indwdent experts, Paytort Jewell and Caines. The Trustees do not COThsider that there h&% btrn a matsiial the market value as al the year end. 7 Debtots PrepayxMIts Py16 Charity No: 1206209 Glamorgan Federation of Women's Institstes Notes to the Accounls Year ended 3161 oc￿be￿ 2014 Creditors 20Z4 3.714 3.855 319 Trade (Teditors and deferred inc(xtLe Accruals xial Security taxes 3,714 339 IU20 10.073 Re5trided Funds Funds held within ￿ tjoyds Bank event account Group Benevolent Fund Suspended wfs Denman Grant violen￿ A8ainst Women Grant 1051 1£926 15,652 iO.LK¥J 16,977 .5.5 55 'Illll Illll I Ill- ¢n 2%S1 j jjjl j ij, %£? Charity No: 1206209 Glamorgan Federation ot Women'8 Institute Notes to the Accounts Year ended 31st October 2025 12 Analysis of eharitable funds Analysi$ of movemet)ts iti unTeslrA¢led hsnd5 Fund Fund balonee5 bTOU8ht Gains and earried fwwaEd GWFI In¢ome Expenditwt Transfets 108se& fon¥ard Fund names General fuJxl ).623 { IiU69) 283J54 Total 3￿￿25 ( IW691 283J54 DesCrlptlo￿ nature attd purpose of wi-Teslrided htnds This fund is foru5e by the cknrityin fulfiJkn8 the aitns of the d￿lty and to mattitain wntinuity Ofservi￿. Analysis ol movements in re8trAded tllnd8 Futtd balantts carried forward balances Donat1¢ bTousht lorw¥Jd CWFt Incojne Expendihue Tratt$fets G*in& and losses Croup Ber*Y0le￿t Fund Suspended ￿. Derllnan Crant Vtolence A8aInst WomEn Grant Total 1052 15,652 10.000 14926 io,(Mx¥ 16.9T7 28,203 Desuiption. nalure and PU￿0* of rtsttiLtsd funds Croup Benevolent fi￿d.. The fund is available to wfs who are in Ar￿nti&l hardship. The fund can be (*lled upon to pay debts whidL theWI cannot nieeL within reag)nablerequestor PU.[F￿ and approved by Board ofTruslee& Siispended WI'S.. (kn (￿tion of a Wl any surp]￿ fut¥ls are trthded in the 'Suspended wfs" tund. If the Wl is reformed within3 year¥ then the oriynal Tetsxrned io a45iSt with funding the rwing. Pw19