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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 00498913 (England and Wales) REGISTERED CHARITY NUMBER: 209413

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2021

for

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Contents of the Financial Statements for the Year Ended 31 December 2021

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Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 22
Detailed Statement of Financial Activities 23 to 24
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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Report of the Trustees for the Year Ended 31 December 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Company is a charity and promotes awareness through various educational techniques of the harmful effects associated with the misuse of alcohol, drugs, tobacco, gambling.

The core work of this Charity is to raise awareness in a factual and non-judgemental way of the health risks and consequences associated with the misuse of alcohol, drugs, tobacco, gambling . Our motto is: 'Promoting Healthy Lifestyles' .

The charity has continued to apply its income effectively regarding education work with children and young people, and the wider community.

The charity has a Development Officer covering the West Midlands. There are two part-time Development Assistants working alongside the Development Officer, updating, and designing new resources for use within educational establishments, the wider community and inclusion on the website.

In addition, the administration team consists of three members of administration staff and an Archivist/Researcher.

Through the core services of Health Stands and the Community Health Project, the charity works with local schools, colleges, libraries, pharmacies, and other establishments.

An extensive range of age-appropriate literature is available to download from the website. The literature is developed and updated by our staff, printed 'in-house', and is used in conjunction with the services provided. Resources, including the website, and other social media platforms, are helpful tools in providing information about the charity and the issues surrounding the four core topics.

The website is regularly updated 'in house' with information, advice, and blogs.

Statement of Public Benefit

The Trustees of the Charity have had regard to the Charity Commission's guidance on "public benefit" when exercising powers under the Charity's objects and our main activities and who we aim to help are described above. All our charitable activities focus on our mission to raise awareness of the effects of alcohol, drugs, tobacco, gambling . All activities are undertaken to further our charitable purposes for the public benefit.

Page 1

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Report of the Trustees for the Year Ended 31 December 2021

ACHIEVEMENT AND PERFORMANCE Charitable activities

Health Stands:

These are delivered by the Development Officer and her assistant. Together they visit local schools, colleges, etc to raise awareness into the issues associated with the four core topics, drugs, alcohol, tobacco, gambling. These events are extremely popular, and feedback is positive. A minimal charge is made for this service to cover costs incurred.

Health Stands are ideal for freshers' weeks, health fairs or as a one-off event to raise awareness of a particular issue or national campaign such as Dry January, Stoptober, Road Safety Week, etc. The Health Stands are an excellent way of engaging with a larger audience in a more informal approach.

A variety of informative display boards and a range of resources are used to enhance the delivery of the Health Stand . Free informative literature is also available for visitors to take away. Staff are 'on-hand' to answer any questions and share advice which encourages healthy lifestyles.

Unfortunately, due of Covid-19 restrictions the charity has been unable to deliver Health Stands for the majority of 2021.

Community Health Project:

This project was set up in 2012 and continues to be very successful. Regular bookings for the display boards have continued to increase significantly with libraries, schools, colleges, pharmacies and GP surgeries, and other establishments now signed up to the Project.

The Community Health Project is a free service offered within the West Midlands area and display boards are delivered each month to those who have signed up to the Project. The information on each display board is also available as A3 posters; these are available to be posted out, together with any literature, which is particularly useful for those outside of the West Midlands area or if space is limited. Information and resources can also be downloaded free from the website, or alternatively arrangements can be made for the display boards to be collected from the office.

The purpose of providing this service is to empower people with the knowledge to make decisions about their wellbeing and lifestyle. This is achieved by presenting the display boards in a non-judgemental way. Each display board is designed and printed in-house. The administration team work together to prepare the display boards ready for delivery. All display boards promote the charity and provide contact information, including website and social media accounts.

The charity actively promotes national campaigns, such as Dry January, No Smoking Day, Road Safety Week, Stoptober, Alcohol Awareness Week.

Display boards and literature are also available to order for specific topics, including Loot Boxes, Cannabis, Peer Pressure, Driving Under the Influence, Festival Safety, etc. Display boards and literature are regularly updated.

Consultations:

During 2021 our Development Officer has taken part in various consultations, including:

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Report of the Trustees for the Year Ended 31 December 2021

The Development Officer has also been involved with several on-line conferences and seminars during 2021, including:

Archives:

During the year, the charity's Archivist made excellent progress continuing to work with the Archive Project. This involves cataloguing and re-organising the charity's historic records, which date back to the late 1800s.

Enquiries: The Archivist continues to receive several enquiries each month relating to the charity's history. She has undertaken extensive research and responded accordingly to all enquiries received.

Promotional: The Archivist continues to promote the history of the charity through various methods, including the website.

The 'Archives/History' section of the website is regularly updated and has an extensive amount of information regarding the history of the charity, including other temperance organisations. Regular blogs are also added to the website.

The Archivist is also available to attend events to share information about the history of the charity and the archives held.

Visits to the archives are welcomed. Unfortunately, in 2021 due to Covid-19 restrictions it has not been possible to allow visitors into the building.

Website:

Our website continues to be managed 'in-house' and is updated regularly with latest news, resources, blogs, social media posts.

Social Media:

This is managed by our development team and is an invaluable link with like-minded organisations, members of the public and other interested parties. It is a good opportunity to promote our work, including local and national health campaigns.

Future Developments:

Page 3

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Report of the Trustees for the Year Ended 31 December 2021

FINANCIAL REVIEW

Investment policy and objectives

Under the Memorandum and Articles of Association, the charity has the power to make any investments, which the trustees see fit.

The trustees' investment policy precludes any direct investment in alcohol or tobacco related companies. These funds have been invested on the advice of the investment broker, UBS, with the stipulation that a proportion of the funds are invested in fixed interest securities to reduce its exposure to fluctuation in share prices.

Financial review

The operations for the year resulted in a net incoming funds of £894,498 (2020: outgoing funds £39,767 ). The net gains/(losses) on investments for the year was gain of £945,328 (2020: gain of £12,929).

Reserves policy

At the year end, the charity had total reserves of £9,737,820 all of which were unrestricted and available for expenditure or future designations by the trustees. Following the sale of a property in London in November 2004, the charity's reserves have increased significantly. Part of the reserves has been applied to house the administration headquarters in Solihull, which we opened in September 2006.

Expenditure on charitable activities has increased to £287,856 (2020: £251,026) during the current year and the trustees are considering the levels of reserves that are required to meet longer term projects. To fund ongoing projects, the charity receives income from its investments and is also registered to receive Gift Aid on its donations and membership subscriptions. In the current economic climate the return on investments is subject to fluctuation and this can affect the charity's level of reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company, limited by guarantee, incorporated on 27 August 1951 and registered as a charity on 10 January 1963. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the Committee of Management.

When a vacancy occurs on the Board a person specification is prepared, based on the particular skills which are required at the time to contribute to the charity's management and development. Potential trustees are sometimes suggested by members of the Board of Trustees, or may be found by other means of recruitment.

All trustees must be members of this charity and the White Ribbon Association Inc (registered company number 39177).

Organisational structure

The Committee of Management currently consists of five members.The Articles of Association require that a quorum of at least five members be present when the meeting proceeds to business. The day to day running of the business is delegated to an administrator who liaises with the members of the Committee of Management.

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Report of the Trustees for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees

All trustees are familiar with the practical work of the charity. New trustees are invited and encouraged to attend a meeting with the secretary and other trustees to familiarise themselves with the obligations and responsibilities of the committee of management, the governing documents of the charity, the current financial position of the organisation and its future plans and objectives.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

00498913 (England and Wales)

Registered Charity number 209413

Registered office

Rosalind Carlisle House 341 Tanworth Lane Solihull West Midlands B90 4DU

Trustees

Mrs R Harrod Trustee Mrs G P Williams Trustee Mrs A Hindley Trustee Mrs M E Ayres Trustee Miss C Hindley Trustee

Company Secretary Mrs M E Ayres

Auditors

Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ

Bankers

Lloyds plc 195 Edgware Road Paddington London W2 1EY

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Report of the Trustees for the Year Ended 31 December 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Women's Total Abstinence Educational Union Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Approved by order of the board of trustees on 26 August 2022 and signed on its behalf by:

Trustee

Page 6

Report of the Independent Auditors to the Members of Women's Total Abstinence Educational Union Limited

Opinion

We have audited the financial statements of Women's Total Abstinence Educational Union Limited (the 'charitable company') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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Report of the Independent Auditors to the Members of Women's Total Abstinence Educational Union Limited

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Report of the Independent Auditors to the Members of Women's Total Abstinence Educational Union Limited

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• The Charitable Company is required to comply with both company law and charity law and, based on our knowledge of its activities, we identified that the legal requirement to accurately account for restricted funds was of key significance.

• We gained an understanding of how the charitable company complied with its legal and regulatory framework, including the requirement to properly account for restricted funds, through discussions with management and a review of the documented policies, procedures and controls.

• The audit team, which is experienced in the audit of charities, considered the charitable company's susceptibility to material misstatement and how fraud may occur. Our considerations included the risk of management override.

• Our approach was to check that all restricted income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditure was charged to restricted funds. This included reviewing journal adjustments and unusual transactions.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Anderson (Senior Statutory Auditor) for and on behalf of Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ

26 August 2022

Page 9

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
Abstinence Education
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
Restricted
Total
funds
fund
funds
£
£
£
35
-
35
90
-
90
236,901
-
236,901
237,026
-
237,026
65,941
-
65,941
221,915
-
221,915
287,856
-
287,856
945,328
-
945,328
894,498
-
894,498
8,843,322
-
8,843,322
9,737,820
-
9,737,820		 2020
Total
funds
£
10,260
189
187,881
198,330
57,227
193,799
251,026
12,929
(39,767)
8,883,089
8,843,322

The notes form part of these financial statements

Page 10

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Balance Sheet 31 December 2021

Notes
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds:
Unrestricted Central Funds
Fixed Asset Fund
TOTAL FUNDS		 Unrestricted
Restricted
funds
fund
£
£
942,004
-
8,680,314
-
9,622,318
-
1,848
-
141,475
-
143,323
-
(27,821)
-
115,502
-
9,737,820
-
9,737,820
-		 2021
Total
funds
£
942,004
8,680,314
9,622,318
1,848
141,475
143,323
(27,821)
115,502
9,737,820
9,737,820
8,795,816
942,004
9,737,820
9,737,820		 2020
Total
funds
£
952,901
7,764,925
8,717,826
2,747
149,442
152,189
(26,693)
125,496
8,843,322
8,843,322
7,890,421
952,901
8,843,322
8,843,322

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 August 2022 and were signed on its behalf by:

Trustee

The notes form part of these financial statements

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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||| |---|---| |Freehold property|- 2% on cost| |Long leasehold|- 2% on cost| |Fixtures and fittings|- 25% on cost|

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Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Investments

Investments held as fixed asset are revalued at mid-market value at the balance sheet date and the realised and unrealised gains and losses taken to the Statement of Financial Activities.

Going concern

After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements

2. OTHER TRADING ACTIVITIES

Educational seminars
3.
INVESTMENT INCOME
Rents received
Investment income
Deposit account interest
4.
RAISING FUNDS
Investment management costs
Portfolio management		 2021
£
90
2021
£
14,190
222,698
13
236,901
2021
£
65,941		 2020
£
189
2020
£
11,964
175,861
56
187,881
2020
£
57,227

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

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5. SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Abstinence Education 122,230 145 14,992 137,367
Support costs, included in the above, are as follows:
Management
2021 2020
Abstinence Total
Education activities
£ £
Salaries 65,104 45,338
Employer's Pensions 2,847 2,318
Rates and insurance 5,126 5,136
Light and heat 3,714 3,399
Printing, postage & stationery 3,362 3,330
Advertising and website 993 993
Sundries 563 693
Repairs and renewals 16,528 18,200
Professional charges 2,160 2,040
Travel, hotel & subsistence 592 500
Fares and sundry expenses 410 611
Staff training 384 20
Telephone and Internet 3,541 4,383
Cleaning and gardening 5,811 4,545
Archive management 198 205
Depreciation of tangible asset 10,897 10,293
122,230 102,004
Finance
2021 2020
Abstinence Total
Education activities
£ £
Bank charges 145 113
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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

5. SUPPORT COSTS - continued Governance costs

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|||| |---|---|---| |2021|2020| |Abstinence|Total| |Education|activities| |£|£| |Auditors' remuneration|8,760|8,640| |Legal fees|6,232|3,832| |14,992|12,472|

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6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

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|||| |---|---|---| |2021|2020| |£|£| |Auditors' remuneration|8,760|8,640| |Depreciation - owned assets|10,897|10,293|

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7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

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|||| |---|---|---| |2021|2020| |Admin & support staff|7|7|

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No employees received emoluments in excess of £60,000.

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

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9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 10,260 10,260
Other trading activities 189 - 189
Investment income 187,881 - 187,881
Total 198,330 - 198,330
EXPENDITURE ON
-
Raising funds 57,227 57,227
Charitable activities
Abstinence Education 193,799 - 193,799
Total 251,026 - 251,026
-
Net gains on investments 12,929 12,929
-
NET INCOME/(EXPENDITURE) (39,767) (39,767)
RECONCILIATION OF FUNDS
-
Total funds brought forward 8,883,089 8,883,089
TOTAL FUNDS CARRIED FORWARD 8,843,322 - 8,843,322
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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

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10. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£ £ £ £
COST
At 1 January 2021 908,766 172,189 29,543 1,110,498
- -
Disposals (24,408) (24,408)
At 31 December 2021 908,766 172,189 5,135 1,086,090
DEPRECIATION
At 1 January 2021 104,540 26,867 26,190 157,597
Charge for year 8,167 1,794 936 10,897
- -
Eliminated on disposal (24,408) (24,408)
At 31 December 2021 112,707 28,661 2,718 144,086
NET BOOK VALUE
At 31 December 2021 796,059 143,528 2,417 942,004
At 31 December 2020 804,226 145,322 3,353 952,901
11. FIXED ASSET INVESTMENTS
2021 2020
£ £
Shares 7,740,361 6,991,923
Other 939,953 773,002
8,680,314 7,764,925
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

11. FIXED ASSET INVESTMENTS - continued

Additional information as follows:

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||| |---|---| |Listed| |investments| |£| |MARKET VALUE| |At 1 January 2021|6,991,923| |Additions|2,854,905| |Disposals|(3,051,795)| |Unrealised gain/loss|770,648| |Realised gains/losses|174,680| |At 31 December 2021|7,740,361| |NET BOOK VALUE| |At 31 December 2021|7,740,361| |At 31 December 2020|6,991,923|

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Included within listed investments were investment assets outside the UK of £2,386,077 (2020: £2,410,133).

The following investments represent those holdings that, by market value, exceed 5% of the total market value of the listed investment portfolios.

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||||| |---|---|---|---| |Proportion| |of total| |Market|listed value| |UBS AG Wealth Management|Holding|values£|%| |UBS (LUX) FD SOLUT BLB MSCI US Liquid Corp A DIS|42,394|476,805|6.2| |UBS (LUX) FD SOLUT MSCI EMU Soc Resp CL A EUREUR|4,773|483,440|6.2| |UBS (LUX) FD SOLUT MSCI Emrging Mrkts Soc Res|35,909|415,098|5.4| |Charities Property Fund Units|335,976|460,086|5.9| |Cost or valuation at 31 December 2021 is represented by:|

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----- Start of picture text -----
||| |---|---| |Listed| |investment| |£| |Valuation in 2021|7,740,361|

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

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11. FIXED ASSET INVESTMENTS - continued
Investments (neither listed nor unlisted) were as follows:
2021 2020
£ £
Cash held by investment manager 939,953 773,002
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 120 152
White Ribbon Association (Note 16) 100 100
Prepayments and accrued income 1,628 2,495
1,848 2,747
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
-
Social security and other taxes 1,361
Accruals and deferred income 27,821 25,332
27,821 26,693
14. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
£ £ £
Unrestricted funds
Unrestricted Central Funds 7,890,421 905,395 8,795,816
Fixed Asset Fund 952,901 (10,897) 942,004
8,843,322 894,498 9,737,820
TOTAL FUNDS 8,843,322 894,498 9,737,820
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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
Unrestricted Central Funds
237,026
Fixed Asset Fund
-
237,026
TOTAL FUNDS
237,026
Comparatives for movement in funds
At 1.1.20
£
Unrestricted funds
Unrestricted Central Funds
7,952,688
Fixed Asset Fund
930,401
8,883,089
TOTAL FUNDS
8,883,089
Comparative net movement in funds, included in the above are
Incoming
resources
£
Unrestricted funds
Unrestricted Central Funds
198,330
Fixed Asset Fund
-
198,330
TOTAL FUNDS
198,330		 Resources
expended
£
(276,959)
(10,897)
(287,856)
(287,856)
Net
movement
in funds
£
(29,474)
(10,293)
(39,767)
(39,767)
as follows:
Resources
expended
£
(240,733)
(10,293)
(251,026)
(251,026)		 Gains and
losses
£
945,328
-
945,328
945,328
Transfers
between
funds
£
(32,793)
32,793
-
-
Gains and
losses
£
12,929
-
12,929
12,929		 Movement
in funds
£
905,395
(10,897)
894,498
894,498
At
31.12.20
£
7,890,421
952,901
8,843,322
8,843,322
Movement
in funds
£
(29,474)
(10,293)
(39,767)
(39,767)

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continued...

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Unrestricted Central Funds
Fixed Asset Fund
TOTAL FUNDS		 At 1.1.20
£
7,952,688
930,401
8,883,089
8,883,089		 Net
movement
in funds
£
875,921
(21,190)
854,731
854,731		 Transfers
between
funds
£
(32,793)
32,793
-
-		 At
31.12.21
£
8,795,816
942,004
9,737,820
9,737,820

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
Unrestricted Central Funds
Fixed Asset Fund
TOTAL FUNDS		 Incoming
resources
£
435,356
-
435,356
435,356		 Resources
expended
£
(517,692)
(21,190)
(538,882)
(538,882)		 Gains and
Movement
losses
in funds
£
£
958,257
875,921
-
(21,190)
958,257
854,731
958,257
854,731

The Fixed Asset Fund represents the net book value of assets funded from unrestricted reserves.

15. CAPITAL COMMITMENTS

There were no commitments as at 31st December 2021 or 2020.

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WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

16. RELATED PARTY DISCLOSURES

Included in debtors is an amount due from White Ribbon Association Ltd, a related party, amounting to £100 (2020: £100). The board of White Ribbon Association Ltd is comprised of Trustees from the charity.

17. IMPACT OF COVID-19

The pandemic has had little impact on investments. The charity has been able to function as normal during the pandemic.

Page 22

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Educational seminars
Investment income
Rents received
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Investment management costs
Portfolio management
Charitable activities
Salaries
Printing, postage & stationery
Advertising and website
Books and Educational Resource
Telephone and Internet
Promotions & marketing costs
Support costs
Management
Salaries
Employer's Pensions
Rates and insurance
Light and heat
Printing, postage & stationery
Advertising and website
Sundries
Carried forward		 2021
£
35
90
14,190
222,698
13
236,901
237,026
65,941
79,411
1,656
489
25
1,744
1,223
84,548
65,104
2,847
5,126
3,714
3,362
993
563
81,709		 2020
£
10,260
189
11,964
175,861
56
187,881
198,330
57,227
74,131
1,640
489
154
2,159
637
79,210
45,338
2,318
5,136
3,399
3,330
993
693
61,207

This page does not form part of the statutory financial statements

Page 23

WOMEN'S TOTAL ABSTINENCE EDUCATIONAL UNION LIMITED

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Management
Brought forward
Repairs and renewals
Professional charges
Travel, hotel & subsistence
Fares and sundry expenses
Staff training
Telephone and Internet
Cleaning and gardening
Archive management
Depn of freehold property
Depn of long leasehold
Depn of fixtures and fittings
Finance
Bank charges
Governance costs
Auditors' remuneration
Legal fees
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net income/(expenditure)		 2021
£
81,709
16,528
2,160
592
410
384
3,541
5,811
198
8,167
1,794
936
122,230
145
8,760
6,232
14,992
287,856
(50,830)
174,680
123,850		 2020
£
61,207
18,200
2,040
500
611
20
4,383
4,545
205
8,109
1,794
390
102,004
113
8,640
3,832
12,472
251,026
(52,696)
(65,171)
(117,867)

This page does not form part of the statutory financial statements

Page 24