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2024-12-31-accounts
| Contents |
Page |
| Administrative&Legal Information |
1 |
| Trustees Report |
2 - 4 |
| Independent Examiners Report |
5 |
| Statement of Financial Activities |
6 |
| Statement of Assets and Liabilities |
7 |
| Notes to the Accounts |
8 - 9 |
| Notes continued - AnalysisofIncome |
1 O |
| Notes continued - AnalysisofExpenditure |
11 |
| Notes continued - Staff Costs, Trustee Expenses, Tangible Assets |
12 |
| Notes continued - Debtors, Creditors&Liabilities |
13 |
| Registered Office |
42 Carisbrooke Road |
|
|
Newport |
|
|
IsleofWiQht |
|
|
PO301BW |
|
| Trustees |
Namesofcharity trustees who manage the charity: |
|
|
Mrs Sue Biss |
Federation Chairman |
|
Mrs Georgina Moon |
Federation Secretary - From July 24 |
|
Mrs Hazel Breach |
Federation Treasurer |
|
Mrs Dorothy Maskell, MBE |
|
|
Mrs Valerie Andrew |
|
|
Mrs Liz Groves |
|
|
Mrs Carol Jones |
|
|
Mrs Lindsay Rowlands |
|
|
Mrs Carys Gladdish |
|
|
Mrs Sandra Singleton |
|
|
Mrs Teresa Reed |
|
|
Mrs Janet Kay |
|
| Independent Examiner |
Tracie Wilson MICB, AATQB,PMDip |
|
|
Ms Friday Accountancy Services Ltd |
|
|
Registered Office Address: Onward Business Hub |
|
|
College Close |
|
|
Sandown |
|
|
IsleOfWight |
|
|
PO36 8EB |
|
| Banking |
Barclays Bank |
|
|
6-8 High Street |
|
|
Ringwood |
|
|
BH241BZ |
|
|
Santander |
|
|
21Prescot Street |
|
|
London E 1 8AP |
|
|
CCLA |
|
|
Senator House |
|
|
85 Queen Victoria Street. |
|
|
London EC4V 4ET |
|
|
|
Unrestricted |
Unrestricted |
|
|
|
|
|
Funds |
Total Funds |
Last Year |
|
|
|
2024 |
2024 |
2023 |
| Income |
Note |
|
Total£ |
Total£ |
Total£ |
| Income from Charitable Activities |
3 |
|
|
|
|
| Subscriptions CFWIIW |
|
|
11,068.57 |
11,068.57 |
11,277.40 |
| Trustee Events |
|
|
4,304.70 |
4,304.70 |
5,145.60 |
| Sub Committee's |
|
|
4,816.15 |
4,816.15 |
381.91 |
|
|
|
20,189.42 |
20,189.42 |
16,804.91 |
| Income from Other Trading Activities |
3 |
|
|
|
|
| Fundraising |
|
|
7,235.13 |
7,235.13 |
8,622.16 |
| Charitable Trading Activities |
|
|
1,251.00 |
1,251.00 |
707.88 |
|
|
|
8,486.13 |
8,486.13 |
9,330.04 |
| Investment Income |
|
|
|
|
|
| Interest Received |
3 |
|
3,682.87 |
3,682.87 |
2,226.15 |
|
|
|
|
|
--- |
| Total Income |
|
|
32,358.42 |
32,358.42 |
28,361.10 |
| Agency Collections NFIW Subs |
3 |
|
11,579.83 |
11,579.83 |
11,964.35 |
| Income with NFWI Subscriptions |
|
|
43,938.25 |
43,938.25 |
40,325.45 |
| Ex~nditures |
|
|
|
|
|
| CostsofRaising Funds |
4 |
|
|
|
|
| Fundraising and Appeals |
|
|
1,875.20 |
1,875.20 |
1,991.74 |
| Trading Materials |
|
|
1,049.60 |
1,049.60 |
|
| Charitable Activities |
4 |
|
|
|
|
| Trustee Events |
|
|
4,353.14 |
4,353.14 |
7,438.54 |
| Sub- Committee's |
|
|
2,497.09 |
2,497.09 |
|
| Affiliation Fees |
4 |
|
150.00 |
150.00 |
186.00 |
| Support Costs |
4 |
|
16,265.85 |
16,265.85 |
15,654.54 |
| Total Expenditures |
|
|
26,190.88 |
26,190.88 |
25,270.82 |
| Agency Collections Paid |
4 |
|
11,605.47 |
11,605.47 |
12,048.62 |
| Expenditures with NFWI Subscriptions |
|
|
37,796.35 |
_____EJ_~.35 |
37i319.44 |
| NetofIncome/Expenditure (before revaluations) |
5 |
|
6,141.90 |
6,141.90 |
3,006.01 |
|
|
--- |
|
|
|
| Net MovementofFunds for the year |
|
-- |
6,141.90 |
6,141.90 |
3,006.01 |
| Total Funds b/fwd 1st January 2024 |
|
|
304,670.34 |
304,670.34 |
301,664.33 |
| Prior Year Gains_I_(losses) on revaluationsoffixed assets |
|
|
|
|
|
| Total Funds c/fwd 31st December 2023 |
|
|
310,812.24 |
310,812.24 |
304,670.34 |
| AnalysisofIncome |
2024 |
2023 |
|
£ |
£ |
| Charitable Activities |
|
|
| Subscriptions |
£9,754.57 |
9,855.90 |
| Insurance |
£1,314.00 |
1,421.50 |
|
£11,068.57 |
11,277.40 |
| AGM |
£3,353.00 |
4,012.50 |
| ACM |
£873.70 |
681.10 |
| Denman Dip |
£78.00 |
|
|
4,304.70 |
4,693.60 |
| Craft, Arts&Leisure |
£981.19 |
12.07 |
| Catering |
£24.64 |
221.36 |
| Membership |
£3,810.32 |
148.48 |
| Donation |
|
2,000.00 |
| Rate Refund |
|
200.88 |
|
4,816.15 |
2,582.79 |
| Other Trading Activities |
|
|
| Fundraising |
|
|
| Commission on WI Raffle |
£134.79 |
152.69 |
| Agricultural Show |
£5,520.35 |
4,872.17 |
| Go Electric Event |
|
677.30 |
| 150 Club |
£1,310.00 |
920.00 |
| Room Hire |
£269.99 |
170.00 |
| Trading Activities |
7,235.13 |
6,792.16 |
| Stationery & Diary Sales |
107.00 |
153.00 |
| Federation News |
930.00 |
452.00 |
| IWCFWI Sales |
214.00 |
184.00 |
|
1,251.00 |
789.00 |
| Interest Receivable |
£3,682.87 |
2,226.15 |
| Income |
32,358.42 |
28,361.10 |
| Subscriptions collected on behalfofNFWI |
£1_1_,579.83 |
11,964.35 |
| (Agency Collections) |
|
|
| Total Income |
43,938.25 |
40,325.45 |
| AnalysisofExpenditure |
|
|
2024 |
2023 |
|
|
|
£ |
£ |
| Expenditure on raising funds: |
|
|
|
|
| AgriculturalShow |
|
£1,255.20 |
|
£1,314.04 |
| 150 Club |
|
|
£620.00 |
£520.00 |
| GoElectricEvent |
|
|
|
£157.70 |
|
|
£1,875.20 |
|
£1,991.74 |
| ExpenditureonCharitable Activities |
|
|
|
|
| Federation News |
|
|
£731 .00 |
£443.43 |
| WIEStationery & Diaries |
|
|
£230.40 |
£132.30 |
| IWCFWICostofSales |
|
|
£88.20 |
|
|
|
£1 ,049.60 |
|
£575.73 |
| AGM |
|
£2,569.40 |
|
£4,006.60 |
| ACM |
|
£1,298.54 |
|
£821.07 |
| Federation Events |
|
|
£385.20 |
£180.00 |
| Denman Diploma |
|
|
£100.00 |
|
|
|
£4,353.14 |
|
£5,007.67 |
| Craft |
|
|
£816.61 |
£13.95 |
| Catering |
|
|
£262.24 |
£345.03 |
| Membership |
|
£1,298.20 |
|
£1,231.23 |
| Centenary |
|
|
|
£44.40 |
| Archivists |
|
|
£120.04 |
|
|
|
|
|
-- |
|
|
£2,497.09 |
|
£1,634.61 |
| Affiliation Fees |
|
|
|
|
|
|
|
-- |
-- |
| Subscriptions & Affiliation |
fees |
|
£150.00 |
£186.00 |
| Other Support |
|
|
|
|
| Rates&WaterRates |
|
£1,505.82 |
|
£1,562.47 |
| Heat & Light |
|
|
£2,432.07 |
£2,343.50 |
| Insurance |
|
£3,588.37 |
|
£3,539.51 |
| Travel Expenses |
|
£2,963.14 |
|
£2,790.54 |
| Telephone & Internet |
|
|
£645.58 |
£530.48 |
| Equipment Rental, Repairs&Maintenance |
|
|
£854.73 |
£916.52 |
| House Repairs&Maintenance |
|
|
£761.61 |
£427.03 |
| House Cleaning & General |
|
£1,234.13 |
|
£1,110.01 |
| Computers & Software |
|
|
£281.19 |
£288.78 |
| Office Stationery |
|
|
£329.50 |
£209.74 |
| ProfessionalFees |
|
|
£533.10 |
£375.00 |
| Training |
|
|
£69.40 |
£20.00 |
| BankCharges/Sum-up |
|
|
£32.73 |
£32.54 |
| Postage |
|
|
£15.65 |
£10.79 |
| Depreciation |
|
|
£1,390.83 |
£1,457.41 |
| Stock Adjustment |
|
|
-£372.00 |
£260.75 |
|
|
£16,265.85 |
|
£15,875.07 |
|
Expenditures |
£26,190.88 |
|
£25,270.82 |
| Subscriptions paid on behalfofNFWI (Agency) |
|
£11,605.47 |
|
£12,048.62 |
|
|
- |
|
|
| Total Expenditure |
|
£37,796.35 |
|
_g7,319.44 |
| Note 5 - NetIncome/(Expenditure) |
|
|
£6,141.90 |
£3,006.01 |
| This is stated after charging: |
|
|
|
|
| Depreciationoftangible fixed assets, |
|
|
|
|
| owned by the charity |
|
|
£1,390.83 |
£1,457.41 |
| Note |
6 - Support Staff Costs |
2024 |
2023 |
|
|
£ |
£ |
| Total |
Staff Costs |
Nil |
Nil |
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
| TypeofExpenses Reimbursed |
|
|
|
|
| Travel |
|
|
2,963.14 |
2,790.54 |
|
Freehold Land
&Buildings |
Fixtures&
Fittings,
Equipment |
Total Funds
2024 |
Total Funds
2023 |
| Costorvaluation |
£ |
£ |
£ |
£ |
| Asat1st January 2023 |
245,000.00 |
15,914.02 |
260,914.02 |
260,344.23 |
| Additions |
- |
670.32 |
670.32 |
569.79 |
| Disposals |
|
|
|
|
| Revaluation |
|
|
|
|
| Asat31st December 2023 |
245,000.00 |
16,584.34 |
261,584.34 |
260,914.02 |
| Depreciation |
|
|
|
|
| Asat1st January 2023 |
- |
13,970.82 |
13,970.82 |
12,513.41 |
| Charge for the year |
|
1,390.83 |
1,390.83 |
1,457.41 |
| Disposals |
|
|
|
|
| Asat31st December 2023 |
- |
15,361.65 |
15,361.65 |
13,970.82 |
| Net Book Value |
|
|
|
|
| As at 31st December 2024 |
245,000.00 |
1,222.69 |
246,222.69 |
246,943.20 |
| Asat31st December 2023 |
245,000.00 |
1,943.20 |
246,943.20 |
247,829.00 |
| Analysis of debtors |
2024 |
2023 |
|
£ |
£ |
| Trade Debtors |
133.00 |
120.81 |
| Prepayments |
845.33 |
725.33 |
|
978.33 |
846.14 |
| Note 10 - Creditors and Accruals |
|
|
| Amounts falling due within one year |
|
|
| Analysis of creditors |
2024 |
2023 |
|
£ |
£ |
| Trade creditors |
289.58 |
181.84 |
| Accruals - Independent exam |
375.00 |
375.00 |
| Other Creditors |
- |
- |
| Other Accruals and Deferred income |
- |
- |
|
664.58 |
556.84 |
| Amounts falling due over one year |
|
|
| Other Creditors |
93,172.93 |
5,489.27 |
| Note11- Cash at bank andinhand |
2024 |
2023 |
|
£ |
£ |
| Cash at bank and on hand |
156,932.73 |
62,783.11 |