2020-10-31-accounts - The Norfolk Federation Of Women's Institutes

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for the year ended	31Oct	ober 2	020
							2020	2019
			Unrestricted	Restricted		Endowment	Total	Tota I
			funds	funds		funds	funds	funds
		Notes	E	f			E	E
INCOME AND
ENDOWMENTS FROM
Donations and legacies			36,578		50		36/628	6,577
Charitable activities		5
Charitable activities			71,992				71,992	128,254
Other fundraising activities Investment income		3 4	11,233 2 540		250	1951	11,483 4 491	44,463 4 517
Total			122,343	300		1,951	124,594	183,811
EXPENDITURE ON
Fundraising support	costs	6	46,749	3,187			49,936	86,448
Charitable activities		7
Charitable activities			52,596			490	53,086	85,515
Total			99,345	3,187		490	103,022	171,963
Net gains/(losses) on investments			~8859)			~8859)	~17718)	199
NET
INCOME/(EXPENDITURE)			14,139	(2,887)		(7,398)	3,854	12,047
Transfers between	funds	17	2 130	~2130)
Net movement in	funds		16,269	(5,017)		(7,398)	3,854	12,047
RECONCILIATION	OF
FUNDS
Total funds brought forward			155,127	8/024		52/34 1	215,492	203,445
TOTAL FUNDS CARRIED
FORWARD			171396	3	007	44 943	219 346	215 492

31October 20	20
							2020	2019
				Unrestricted	Restricted	Endowment	Total	Tota I
				funds	funds	funds	funds	funds
			Notes	E	E	f	E
FIXEDASSETS
Tangible assets			12	24,557			24,557	25,537
CURRENT ASSETS
Stocks Debtors Investments Cash at bank and		in hand	13 14 15	4,000 3,088 32,063 135445	3 007	32,063 12880	4,000 3,088 64,126 151332	5,217 5,633 81,844 108903
				174,596	3,007	44,943	222,546	201,597
CREDITORS
Amounts falling one year	due within		16	(27,757)			(27,757)	(11,642)
NET CURRENT	ASSETS			146839	3 007	44 943	194789	189955
TOTAL ASSETS LESS
CURRENT LIABILITIES				171,396	37007	447943	2197346	215 492
NET ASSETS				171396	3 007	44 943	219346	215 492
FUNDS
Unrestricted funds							171,396	155,127
Restricted funds Endowment funds							3,007 44 943	8,024 52 341
TOTALFUNDS							219346	215 492

Support co	sts were a	pportioned a	s follows;
Generating	voluntary	income	5%
Fundraising	activity		47.5O/o
Charitable	activity		47.5%

							2020	2019
							E	E
	Donations Legacies Grants						608 6,000 30 020	6,577
							36 628	6 877
	Grants received,		included		in the	above, are as follows:
							2020	2019
							E	E
	COVID-19 Business			Grant			25,000
	Furlough	grant					3 020
							30 020
3.	OTHER FUNDRAISING				ACTIVITIES
							2020	2019
	Sale of publications, Special events			stationery		and goods	6,164 1,811	10,425 9,742
	500 Club						1,625	1,325
	Centenary goods Centenary events Miscellaneous						150 1733	6,764 14,219 1 988
							11483	44 463
4.	INVESTMENT INCOME
							2020	2019
							E	E
	Interest						589	569
	Dividend	income					3 902	~3948
							~4492	~4517

5.	INCOME FROM CH	ARI	TABLE ACTIVITIES
					2020	2019
					Charitable	Total
					activities	activities
					E	E
	Membership fees Norfolk WI News Subcommittee events				42,620 6,605 18,289	45,199 7,050 40,085
	Federation meetings Yearbooks	income			77 2,320	17,090 1,637
	Denman college Event support fees				2 081	14,246 2 947
					71992	128 254
6.	FUNDRAISING SUPPORT COSTS
	Raising donations	and	legacies		2020	2019
					E
	Support costs				~3821	~4382
	Other trading activities
					2020 f	2019 E
	Publications, stationery		and goods		5,893	17,534
	Spe cia I eve nts 500 Club				785	8,458 673
	Centenary events Support costs				3,187 36 260	13,787 41 614
					46 125	82 066
	Aggregate amounts				49 936	86 448
7.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 8)	note 9)	Totals
				E	E	E
	Charitable activities			16826	36 260	53 086

								2020	2019
								E	E
Sub- committee		eve nt costs						16,092	29,421
Committee	meeting		expenses					244	609
Bursa ries								490	1,400
Denman college		events		costs					12 471
								16826	43 301
SUPPORT	COSTS
Support costs, included				in the	above, are as follows:
								2020	2019
					Raising
					donations	Other
					and	trading	Charitable	Total	Total
					legacies E	activities E	activities E	activities f	activities
Salaries					2,130	20,242	20,242	42,614	43,710
Pensions Rates and water Insurance					132 53 26	1,254 501 257	1,254 501 257	2,640 1,055 540	2,521 2,741 596
Light and heat Telephone					107 80	1,023 770	1,023 770	2,153 1,620	1,872 1,488
Office expenditure			and
postage					424	4,029	4,029	8,482	11,171
House repairs,
decoration	and
associated	professional
fees					354	3,371	3,371	7,096	3,440
National AGM Sundry					135	1,282	1,282	2,699	1,222 997
Depreciation	of	tangible
and heritage assets Federation committee					48 37	466 347	466 347	980 731	1,083 2,689
Federation	meetings
costs					175	1,663	1,663	3,501	11,860
Independent Examination					110	1055	1055	2 220	2 220
					3811	36 260	36 260	76 331	87 610

		2020	2019
Number of trustees	who were paid expenses		10
Travelling and out Total amount paid	of pocket expenses:	f995	E1,496
STAFF COSTS

The	average monthly number of employees	during the year was as follows:
		2020	2019
Full	time	1	1
Part	time	2	2

TANGIBLE FIX	ED ASSE	TS
				Fixtures
		Freehold	Plant and	and	Computer
		property	machinery	fittings	equipment	Totals
		E		E	E	E.
COST
At 1 November	2019
and 31October	2020	13088	4612	29 459	8 444	55 603
DEPRECIATION
At 1 November Charge for year	2019		3,021 136	18,601 844	8,444	30,066 980
At 31October 2020			3 157	19445	8444	31046
NET BOOK VALUE
At 31October 2020		13088	1455	10014	—	24 557
At 31October 2019		13088	1 591	10 858		25 537
STOCKS
					2020	2019
					E
Stocks					~4000	~5217

14.	DEBTORS: AMOUNTS	FALLING DUE	FALLING DUE	WITHIN ONE YEAR	WITHIN ONE YEAR
						2020 f	2019
	Operating debtors Prepayments					1,372 1716	2,519 3 114
						3088	~5633
15.	CURRENT ASSET INVESTMENTS
						2020 f	2019 f
	Charibond Investments					64 126	81844
16.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2020 f	2019 f
	Other creditors Other income received Amount held for WI's	in	advance			11,564 9,460 4,983	140 5,350 4,402
	Accrua Is					1 750	1 750
						27 757	11642
17.	MOVEMENT IN FUNDS
					Net	Transfers
				At	movement	between	At
				1.11.19	in funds	funds	31.10.20
				f	E	E	f
	Unrestricted funds
	Unrestricted fund Designated funds			155,127	14,139	(6,970) 9 100	162,296 9 100
				155,127	14,139	2,130	171,396
	Restricted funds
	Norfolk Room Fund 2019 Fund Denman Agnes Salter	Fund		2,390 5,117 517	100 (2,987)	(2,130)	2,490 517
				8,024	(2,887)	(2,130)	3,007
	Endowment funds
	Cecily McCall Bursary Miss Catleugh Bursary Patricia Batty Shaw			1,243 1,071 5,152			1,243 1,071 5,152
	Van Poortvliet Bursary			844			844
	Fakenh am Educational House Fund	Bursa ry and		44 031	~7398)		36 633
				52 341	7398		44 943
	TOTAL FUNDS			215492	3 854		219346

Net movement	in funds	, include	d in the ab	ove are as fo	llows:
				Incoming	Resources	Gains and	Movement
				resources E	expended f	losses E	in funds E
Unrestricted	funds
Unrestricted fund				122,343	(99,345)	(8,859)	14,139
Restricted funds
Norfolk Room 2019 Fund	Fund			100 200	~3187)		100 ~2987)
Endowment	funds			300	(3,187)		(2,887)
Fakenham Educational House Fund		Bursary	and	1,951	(490)	(8,859)	(7,398)
TOTAL FUNDS				124 594	~203 022)	~27 718)	3 854
Comparatives	for movement		in funds
						Net
					At	movement	At
					1.11.18	in funds	31.10.19
					E	E
Unrestricted	funds
Unrestricted fund					139,595	15,532	155,127
Restricted funds
Norfolk Room	Fund				2,775	(385)	2,390
2019 Fund Denman Agnes Salter		Fund			8,720	(3,603) 517	5,117 517
					11,495	(3,471)	8,024
Endowment	funds
Cecily McCall	Bursary				1,243		1,243
Miss Catleugh	Bursary				1,221	(150)	1,071
Patricia Batty	Shaw				5,352	(200)	5,152
Van Poortvliet	Bursary				994	(150)	844
Fakenham Educational		Bursary	and
House Fund					43 545	486	44 031
					52 355	~14	52 341
TOTAL FUNDS					203 445	12 047	215492

Comparative	net move	men	t in	funds, included in the abo	ve are as follo	ve are as follo	ws:	ws:
				Incoming	Resources		Gains and		Movement
				resources	expended		losses		in funds
				E		E	E		E
Unrestricted	funds
Unrestricted	fund			160,421	(144,989)			100	15,532
Restricted funds
Norfolk Room Fund						(385)			(385)
2019 Fund Denman Agnes Salter		Fund		21,886 517	(25,489)				(3,603) 517
				22,403	(25,874)				(3,471)
Endowment	funds
Miss Catleugh	Bursary					(150)			(150)
Patricia Batty	Shaw					(200)			(200)
Van Poortvliet	Bursary					(150)			(150)
Fakenham Educational House Fund		Bursary		and 987	~600)			99	486
				987		1 100		99	~14
TOTAL FUNDS				183811	~171963)			199	12 047
A current year 12 months			and	prior year 12 months combined		position	is as follows:
						Net	Transfers
				At	movement		between		At
				1.11.18	in funds		funds		31.10.20
				E		E	E		E
Unrestricted	funds
Unrestricted fund Des ig nated fund s				139,595	29,671		(6,970) 9 100		162,296 9 100
				139,595	29,671		2,130		171,396
Restricted funds
Norfolk Room Fund				2,775		(285)			2,490
2019 Fund Denman Agnes Salter		Fund		8,720		(6,590) 517	(2,130)		517
				11,495		(6,358)	(2,130)		3,007
Endowment	funds
Cecily McCall	Bursary			1,243					1,243
Miss Catleugh	Bursary			1,221		(150)			1,071
Patricia Batty	Shaw			5,352		(200)			5,152
Van Poortvliet	Bursary			994		(150)			844
Fakenham Educational House Fund		Bursary		and 43 545	~6912)				36 633
				52 355		7 412			44 943
TOTAL FUNDS				203 445		15901			219 346

			Incoming	Incoming	Resources	Gains and	Movement
			resources f		expended E	losses E	in funds E
Unrestricted funds
Unrestricted fund			282,764		(244,334)	(8,759)	29,671
Restricted funds
Norfolk Room Fund 2019 Fund Denman Agnes Salter	Fund		100 22,086 517		(385) (28,676)		(285) (6,590) 517
			22,703		(29,061)		(6,358)
Endowment funds
Miss Catleugh Bursary					(150)		(150)
Patricia Batty Shaw					(200)		(200)
Van Poortvliet Bursary					(150)		(150)
Fakenham Educational House Fund	Bursary	and	2	938	~1090)	~8760)	~6912)
			2	938	1 590	8 760	7 412
TOTAL FUNDS			308	405		274985)	~17 519)

Endowment	Endowment	Funds:	Funds:
Van Poortvliet		Bursary		The bursary funds were given for the provision of bursaries		to
Cecily McCall		Bursary		members of Norfolk Women's Institutes undertaking further
Miss Catleugh		Bursary		education. It is generally necessary to accumulate several			years'
				income to provide adequate funding.
				The income from the funds is the interest	arising from the permanent
				endowments. These are paid on an ad-hoc	basis depending		on	the
				level of interest earned.
Patricia	Batty	Shaw		The Patricia Batty Shaw bursary is paid annually.
Fakenham Educational				This Bursary provided an annual course at	Denman College,		when		it
Bursary	and	House	Fund	was open, and for other educational purposes. As well as		providing
				funds for assistance with the maintenance	and upkeep of Evelyn
				Suffield House
Restricted Funds:
Norfolk	Rooms Fund			Funds raised for the support of the Norfolk	rooms at Denman		College,
				when it was open, and to supply bursaries.
2019 Fund				Funds to be used for major promotions and celebrations of		the
				Norfolk Centenary in 2019, with the surplus after the celebrations
				being transferred to general funds.
Denman	Agnes Salter			Funds were used to cover any loss making	future events at
Fund				Denman College when it was open.
General	Funds:
Designated fund				Unrestricted funds that trustees have earmarked to potentially				be
				spent on certain projects in the current or	forthcoming years.