##
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##
##
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##
##
##
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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)|15901|
##
##
##
|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.|||||
##