2024-12-31-accounts - Clwyd-Flintshire Federation Of Women's Institutes

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Clwyd Flint Federation of Women`s Institutes

Financial Statements

31 December 2024

Charity number 217004

Index

Page

1 Trustee Report 2 Accountants Report 3 Balance Sheet 4 Profit and Loss Account 5 Notes to the accounts 6 Notes to the accounts

Clwyd- Flint Federation of Women`s Institutes

Report of the Trustees

Year ended 31 December 2024

Objects

The objects of the charity are to educate women and to enable them to expand their horizons and develop. This is in accordance with the constitution and rules of the National Federation of Womens`s Institutes.

Activities and achievments

The Board of Trustees held their monthly Board Meetings in the office in Mold.

The 2024 NFWI Annual meeting was held in the Albert Hall, London. Members from Clwyd Flint travelled by coach to London with members of Clwyd Denbigh, staying for two nights. They attended the meeting and voted as instructed by the Institutes.

The annual Denbigh and Flint Agricultural Show took place as usual in Augugust 2024. Members excelled themselves with many entries for the various classes, resulting in Clwyd-Flint regaining the Show Cup.

Katrina Parry continues as the Secretary of both Clwyd Flint and Clwyd Denbigh Federations, but working on different days for each Federation.

Finances

The Annual Financial Statement for 2023 was presented to the Members at the Council Meeting in May 2024 and was approved.

Trustees

Christine Rendall and Helen Marsh continued as Joint Chairmen until July 2024, when Helen Marsh resigned as Chairman and Board Member due to ill health. Christine Rendall continues as sole Chairman, Janet Henshaw remains as Federation Treasurer. Efforts are being made to recruit more Trustees to join existing Trustees Anne Sanderson, Julia Clay, Linda Rees-Owen and Laraine Blythyn. Celia Rogers resigned as a Trustee due to moving out of the area. Linda Rees-Owen continues as Safeguarding Officer.

Chairman Christine regularly attends the Wales Office Committee Meeting and NFWI Council Meetings, some of which are in person and others online. Treasurer Janet attends NFWI Financial Me Meetings online. Julia attends NFWI Resolution Meetings online.

Trustee Training is also done via the NFWI Website, thewi.org.uk.

Policy on reserves

The trustees have determined that the charity should maintain reserves equivalent to at least two years of running costs.

Risk Assessment

The trustees confirm that the original systems are still established. The risk assessments set up to comply with the Covid-19 regulations are currently not being enforced but remain in place to be reactivated if necessary.

Signed by order of the Board of Trustees

Christine Rendall Chairman

Mar-2025

Clwyd- Flint Federation of Women`s Institutes

INDEPENDENT EXAMINERS REPORT

I report on the financial statements of the Charity for the year ended 31 December 2024 set out on pages 3 to 9

Respective responsibilities of Trustees and Examiner

The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;

to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act); and

to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in material respect, the requirements:

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- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AC Accountants

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09-Jun-25
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Clwyd- Flint Federation of Women`s Institutes

Balance Sheet 31 December 2024 Fixed Assets Tangible Assets Investments Current Assets Stock held for resale Rent deposit Virgin current account Cash in bank and in hand Current Liabilities Creditors and accruals Trelawnydd WI Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES £ CHARITY`S FUNDS Unrestricted funds General fund Unrealised gains/losses on investments TOTAL FUNDS	31.12.24 £ 575 53551 54126 0 0 26099 9002 35101 1557 0 1557 33544 87670 87670 0 87670	31.12.23 £ 767 51736 52503 0 0 26099 10943 37042 396 0 396 36646 89149 89149 0 89149

These financial statements were approved by Board of Trustees on 9th June 2025

Signed on behalf of the Board of Trustees 9th June 2025

Christine Rendall Janet Henshaw Chairman Treasurer

Clwyd- Flint Federation of Women`s Institutes

Profit and Loss account

Year ended 31 December 2024

Unrestricted Income & Expenditure Subscriptions NFWI Subscriptions CFWI AGM Denman appeal Shows & days out Tatton Park Tai Chi Fundraising Fashion show Council meetings 500 club Pooling of Fares Newsletters,diaries Donations Insurance Stock adjustment Sundry Trelawnydd loan written off Tree fund Denbigh loan Office Overhead Secretary`s salary Trustees travel expenses Rent Service charge Telephone & Broadband Postage and Stationery Computer costs Zoom Removal costs Accounting and Bookkeeping Depreciation Profit sale of assets Profit / (loss) on normal activities Losses/Gains on investments Interest received Loss (Profit) for the year	TOTAL 2024 Incoming Outgoing Net £ 10416 10506 -90 9000 9000 1405 4706 -3301 0 0 650 530 120 275 140 135 704 1152 -448 0 228 228 1070 425 645 448 448 0 243 90 153 51 31 20 826 978 -152 0 0 0 0 400 400 0 25716 19406 6310 3819 576 3771 171 235 840 192 9604 -3294 1815 -1479	TOTAL 2023 Net £ 92 8462 325 -80 -31 118 1000 -478 530 464 72 30 -21 0 -28 0 0 0 10455 716 1157 3905 377 209 820 255 7439 3016 1736 4752

Clwyd- Flint Federation of Women`s Institutes

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005);

Accounting Standards; and

Charities act 2011.

The particular accounting policies adopted are described below.

Tangible fixed assets

Tangible fixed assets are valued at cost or, if gifted, at the value to the Charity on receipt. Depreciation is provided on cost in equal annual instalments over the estimated useful lives of the assets. The rates of depreciation are as follows:

Computer Equipment 25% Office Furniture 25%

Investments

Investments quoted on a recognised exchange are valued at market value. Unrealised gains and losses resulting from revaluing investments to market value at the end of the year are recorded in the Statement of Financial Activities.

Stock of merchandise held for resale

Stocks are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling price.

Leases

Operating lease rentals are charged to income in equal annual amounts over the lease term.

Income recognition

Income is recognised in the Statement of Financial Activities when the charity becomes entitled to the resources, and the Trustees are virtually certain they will receive the resources, and the monetary value can be measured with sufficient reliability.

When income has related expenditure, the income and the expenditure are reported gross in the Statement of Financial Activities.

Grants and donations

Grants and donations are only recognised in the Statement of Financial Activities when the Charity has unconditional entitlement to the resources. Where grants have been received to fund the purchase of tangible fixed assets, this income and the depreciation of the associated assets is recorded in the capital grant fund.

Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the Charity or the amount actually realised. Gifts in kind for use by the Charity are included in the Statement of Financial Activities as income when receivable.

The charity had one employee during the year

Clwyd- Flint Federation of Women`s Institutes

NOTES TO THE FINANCIAL STATEMENTS (continued)

Year ended 31 December 2024

2. Tangible Fixed Assets Cost 1st January 2024 Sales Additions 31st December 2024 Depreciation 1st January 2024 Sales Charge for year 31st December 2024 Net Book Value 31st December 2024 31st December 2023 3. Investments Fair market value At 1st January 2024 Cambridge fixed rate bond Interest 2024 At 31 Dec 2024	Computer equipment Office Furniture Total 4125 290 4415 0 0 4125 290 4415 3521 127 3648 0 151 41 192 3672 168 3840 453 122 575 604 163 767 £ 51736 1815 53551

4. Funds

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Unrealised
General gains/losses
fund on investments Total
£ £ £
At 1st January 2024 89149 0 89149
Net incoming resources -1479 -1479
Gains & Losses on investments 0
Transfer between funds 0 0
0
At 31 December 2024 87670 0 87670
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Closed Institute`s fund

This fund represents monies received from local WI`s upon their closure. If a WI re-opens within 3 years.the funds are returned to the WI.If at the end of the 3 years the local WI has not re-opened, these monies are transferred to the general fund. This fund is represented by cash at bank

Denman Travel fund

The purpose of this fund is to provide assisstance with travel costs for those members attending a course at a Denman college. This fund is represented by cash at bank