## **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
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## **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**
3
## **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**|
|---|---|---|
4
## **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 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
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## **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
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