**Charity registration number 228857 (England and Wales)** **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2025** ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mrs J Baker Mrs K Bowron Mrs S Clifford Mrs P Coulthard Mrs D Eyre Mrs A Kirkpatrick Mrs K Longshaw Mrs G Aspin Mrs M Henderson **Charity number** 228857 **Principal address** 12a Clifford Court Parkhouse Business Park Carlisle Cumbria CA3 0JG **Independent examiner** Sophie Graham BAcc(Hons), FCA, DChA Sterling House Wavell Drive Rosehill Carlisle Cumbria CA1 2SA **Bankers** Virgin Money 82 English Street Carlisle Cumbria CA3 8HP ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of fnancial actvites|5 - 6| |Statement of fnancial positon|7| |Notes to the fnancial statements|8 - 19| ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The objectives of the charity are to advance the education of its members, to give them the opportunity of working together through the organisation to develop their skills, and to put into practice those ideals for which the organisation stands. The Trustees organise events which are publicised to the membership for their benefit and to generate funds towards the running of the Federation. Our Charitable status requires us to organise events of benefit to the General public. The following has enabled us to meet these requirements: Members support of ACWW (Associated Country Women Worldwide). An annual sponsored walk with all funds going to the Charity direct. Also, WI's organise their own events to support ACWW - again with all proceeds going direct to ACWW. One WI is involved with their local mountain rescue team by both raising funds and providing ongoing support. ## **Public Benefit** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** Various events have taken place over the year including Federation coffee mornings at Kirkandrews on Eden, Thirlmere and Ivegill, with an Afternoon Tea at Moresby. These provide members with opportunities to meet the Trustees and WI Advisors and raise much needed funds for the Federation. The Annual Quiz Event was held at two venues, to the north and west of the county As usual, we had a presence at local Shows, Dalston and Gosforth and we sponsored the W.I Competition at the Cumberland Show. This year our ‘Women Walk the World Walk’ on behalf of ACWW was well supported and took place at Silloth, raising £852. This year NFWI AGM was held in The Royal Albert Hall. This meant we travelled down to London the previous day, spent two nights in London and returned home the following day. It was a wonderful experience being there and spending time together as we journeyed made it even more enjoyable. At our Annual Council meeting the Chairman’s Challenge was I’ve Made It – I’ll Show it. The entries were numerous and wonderful; they were judged by members by placing coins next to the ones they liked best and the money raised was sent to ACWW. Several WIs celebrated their Centenaries and Trustees were invited to join in some of the celebrations. The Chairman also presented many long service certificates to members throughout the Federation. - 1 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ A remembrance wreath was laid in Carlisle, by the Vice Chairman, on behalf of the Federation. This year’s Federation Carol Service was to be held at St. Mary's and St. Michael's but unfortunately had to be cancelled because of serious adverse weather conditions. The Board of Trustees and Sub Committee Members continue to organise and hold events of a varied nature. Educational, craft making, interesting talks and excursions are all catered for. The selling of WI Diaries, Calendars, bulbs, 200 Club tickets and Federation Raffle tickets all continue to generate funds for the Federation. Several W.I s have raised funds for charities local to themselves which we encourage them to do. We had an exceptionally smooth handover of the position of Secretary at the beginning of the year and welcome Lesley to our team. ## **Financial review** At the year end the charity had funds of £171,821 (2024: £179,984) of these £167,145 (2024: £171,378) were unrestricted funds. The charity made a deficit this year of £8,163 (2024: deficit of £13,679). ## **Reserves policy** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six months of expenditure. For 2025 this equates to approximately £30,800. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Free reserves are the proportion of the unrestricted reserves which are freely available to spend on any charitable purposes. They exclude tangible fixed assets and programme related investments. At the year end the level of free reserves were £165,498 (2024: £168,266). This figure includes investments as these are deemed to be free reserves. Excluding investments, the reserves at the yearend were £20,350 (2024: £7,608). ## **Structure, governance and management** ## **Governing Document** Terms of Reference for the Board of Trustees: 1. The Cumbria-Cumberland Federation of Women's Institutes is an unincorporated Federation governed by the Constitution and Rules laid down by the National Federation of Women's Institutes. 2. The Board of Trustees undertake the running of Cumbria-Cumberland Federation of Women's Institutes in accordance with its Constitution and Rules. 3. At the first meeting after the Annual meeting, the Board of Trustees shall elect by ballot its Chairman, two Vice Chairmen and Honorary Treasurer from nominations accepted in the room from amongst its elected members, after which a paper ballot is taken and the number of votes cast is not disclosed. 4. Ordinary meetings of the Board of Trustees shall be held on a regular day in each month at a regular hour as set out in the annual timetable of the Federation. - 2 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees who served during the year and up to the date of signature of the financial statements were: Mrs S Addyman (Resigned 14 January 2025) Mrs J Baker Mrs K Bowron Mrs S Clifford Mrs P Coulthard Mrs D Eyre Mrs A Kirkpatrick Mrs K Longshaw Mrs G Aspin Mrs M Henderson ## **Recruitment and appointment of new trustees** On appointment each Trustee is given a pack containing the Procedure at Meetings, the Terms of Reference and the Standing Orders for the coming two years. Trustees are nominated from amongst the membership, following which voting takes place and is counted by tellers from a neighbouring Federation of Women's Institutes. The results are announced at the Council Meeting. Trustees are appointed for two years. Members standing for election have to declare that they have no conflict of interest. ## **Risk Management** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees' report was approved by the Board of Trustees. Mrs K Bowron **Chairman** 16 September 2025 - 3 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** I report to the trustees on my examination of the financial statements of Cumbria - Cumberland Federation of Women's Institutes (the charity) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Sophie Graham BAcc(Hons), FCA, DChA** Saint & Co Chartered Accountants Sterling House Wavell Drive Rosehill Carlisle Cumbria CA1 2SA Dated: 14 November 2025 - 4 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Current fnancial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donatons and legacies
**3**
934
1,609
Charitable actvites
**4**
46,254
-
Investments
**5**
127
-
**Total income**
47,315
1,609
**Expenditure on:**
Raising funds
**6**
392
-
Charitable actvites
**7**
58,590
-
Other expenditure
**12**
2,594
-
Total expenditure
61,576
-
Net gains on investments
**13**
4,489
-
**Net income/(expenditure)**
(9,772)
1,609
Transfers between funds
5,539
(5,539)
**Net movement in funds**
**9**
(4,233)
(3,930)
**Reconciliaton of funds:**
Fund balances at 1 April 2024
171,378
8,606
**Fund balances at 31 March 2025**
167,145
4,676|**Total**
**2025**
**£**
2,543
46,254
127
48,924
392
58,590
2,594
61,576
4,489
(8,163)
-
(8,163)
179,984
171,821|**Total**
**2024**
**£**
518
49,539
5
50,062
1,719
68,176
2,657
72,552
8,811
(13,679)
-
(13,679)
193,663
179,984| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 19 form part of these financial statements. - 5 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Prior fnancial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donatons and legacies
**3**
407
111
Charitable actvites
**4**
48,644
895
Investments
**5**
5
-
Total income
49,056
1,006
**Expenditure on:**
Raising funds
**6**
1,719
-
Charitable actvites
**7**
68,176
-
Other expenditure
**12**
2,225
432
**Total expenditure**
72,120
432
Net gains on investments
**13**
8,811
-
**Net income/(expenditure)**
(14,253)
574
Transfers between funds
28
(28)
**Net movement in funds**
**9**
(14,225)
546
**Reconciliaton of funds:**
Fund balances at 1 April 2023
185,603
8,060
**Fund balances at 31 March 2024**
171,378
8,606|**Total**
**2024**
**£**
518
49,539
5
50,062
1,719
68,176
2,657
72,552
8,811
(13,679)
-
(13,679)
193,663
179,984| |---|---| - 6 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 MARCH 2025**_ |**Notes**
**Fixed assets**
Tangible assets
**15**
Investments
**16**
Programme related investments
**17**
**Current assets**
Stocks
**18**
Debtors
**19**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**20**
Net current assets
**Total assets less current liabilites**
**Income funds**
Restricted funds
**21**
Unrestricted funds|**2025**
**£**
1,367
786
24,834
26,987
(1,961)|**£**
1,647
145,148
-
146,795
25,026
171,821
4,676
167,145
171,821|**2024**
**£**
1,758
651
15,670
18,079
(1,866)|**£**
2,361
160,659
751| |---|---|---|---|---| |||||163,771
16,213| |||||179,984| |||||8,606
171,378| |||||179,984| The notes on pages 8 to 19 form part of these financial statements. The financial statements were approved by the Trustees on 16 September 2025 Mrs K Bowron **Chairman** Mrs A Kirkpatrick **Treasurer** - 7 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** Cumbria - Cumberland Federation of Women's Institutes is a registered charity in England and Wales and is unincorporated. The address of the principal office is Women's Institute, 12a Clifford Court, Parkhouse Business Park, Carlisle, CA3 0JG. ## **1.1 Basis of preparation** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Income arising on the endowment fund from the investments can be used in accordance with the objects of the charity and is therefore included within unrestricted funds. The endowment fund is an expendable endowment fund and therefore can be used to fund the charitable activities of the WI as authorised by the Trustees. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 8 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 25% reducing balance Fixtures and fittings 25% reducing balance Computers 33% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **1.8** ## **Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **1.10 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 9 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** **(Continued)** ## **1.11 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.12 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.13 Operating leases** Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. - 10 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ **1 Accounting policies** **(Continued)** ## **1.14 Government grants** Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**funds**|**funds**||**funds**|**funds**|| ||**2025**|**2025**|**2025**|**2024**|**2024**|**2024**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Donatons and gifs|934|1,609|2,543|407|111|518| - 11 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **4 Income from charitable activities** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**Charitable actvites**
Membership support
318
-
Subscriptons income
17,906
-
Federaton events
11,116
-
Publicatons, statonery,
educaton & public afairs
3,899
-
Art & leisure and ad hoc
5,955
-
Rafe
7,060
-
46,254
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
318
113
-
17,906
16,155
-
11,116
14,848
895
3,899
6,806
-
5,955
9,574
-
7,060
1,148
-
46,254
48,644
895|**Total**
**2024**
**£**
113
16,155
15,743
6,806
9,574
1,148| |---|---|---| |||49,539| |**5**|**Income from investments**||| |---|---|---|---| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2025**|**2024**| |||**£**|**£**| ||Interest receivable|127|5| |**6**|**Expenditure on raising funds**||| ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |**Fundraising and publicity**||| |Publicatons|392|1,719| - 12 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **7** ## **Expenditure on charitable activities** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**governance**|**governance**| |||**2025**|**2024**| |||**£**|**£**| ||**Direct costs**||| ||Staf costs|13,146|15,921| ||Depreciaton and impairment|714|1,035| ||Membership support|382|370| ||Rent|13,814|13,476| ||Art & leisure|1,538|13,210| ||Educaton & public afairs|1,010|214| ||Diaries expenses|1,211|2,712| ||Sundries|3,263|3,761| ||Events|13,921|8,681| ||WiFi/Telephone|1,819|1,133| ||Home crafs|1,627|225| ||Printng, postage & statonery|2,785|2,923| ||Donatons|50|711| ||Insurance|1,351|1,952| |||56,631|66,324| ||**Share of support and governance costs (see note 8)**||| ||Governance|1,959|1,852| |||58,590|68,176| ||**Analysis by fund**||| ||Unrestricted funds|58,590|68,176| |**8**|**Support costs allocated to actvites**||| |||**2025**|**2024**| |||**£**|**£**| ||Governance costs|1,959|1,852| ||**Analysed between:**||| ||Unrestricted governance|1,959|1,852| ## **Independent examiner's fees** Governance costs includes payments to the independent examiner of £1,279 (2024: £1,218) for independent examination fees and £680 (2024: £634) for other fees. - 13 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**9**|**Net movement in funds**|**2025**|**2024**| |---|---|---|---| |||**£**|**£**| ||The net movement in funds is stated afer charging/(creditng):||| ||Fees payable to the charity's independent examiner:||| ||- for the independent examinaton of the charity's fnancial statements|1,279|1,218| ||- for other fnancial services|680|634| ||Depreciaton of owned tangible fxed assets|714|1,035| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. During the year ended 31 March 2025 travel expenses totalling £820 were paid to six trustees. ## **11 Employees** The average monthly number of employees during the year was: ||**2025**|**2024**| |---|---|---| ||**Number**|**Number**| ||1|1| |**Employment costs**|**2025**|**2024**| ||**£**|**£**| |Wages and salaries|13,146|15,921| There were no employees whose annual remuneration was more than £60,000. ## **12 Other expenditure** ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**funds**|**funds**||**funds**|**funds**|| ||**2025**|**2025**|**2025**|**2024**|**2024**|**2024**| ||**£**|**£**|**£**|**£**|**£**|**£**| |CCFWI AGM / NWFI ACM||||||| |expenditure|2,594|-|2,594|2,225|432|2,657| - 14 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **13 Gains and losses on investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| |Gains/(losses) arising on:|**£**|**£**| |Revaluaton of investments|3,288|8,811| |Sale of investments|1,201|-| ||4,489|8,811| ## **14 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **15 Tangible fixed assets** |**Tangible fxed assets**|| |---|---| |**Plant and**
**equipment**
**Fixtures and**
**ftngs**
**Computers**
**£**
**£**
**£**
**Cost**
At 1 April 2024
2,160
4,681
6,292
At 31 March 2025
2,160
4,681
6,292
**Depreciaton and impairment**
At 1 April 2024
2,039
3,995
4,738
Depreciaton charged in the year
30
171
513
At 31 March 2025
2,069
4,166
5,251
**Carrying amount**
At 31 March 2025
91
515
1,041
At 31 March 2024
121
686
1,554|**Total**
**£**
13,133| ||13,133| ||10,772
714| ||11,486| ||1,647| ||2,361| - 15 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **16 Fixed asset investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuaton**|| |At 1 April 2024|160,659| |Valuaton changes|3,288| |Disposals|(18,799)| |At 31 March 2025|145,148| |**Carrying amount**|| |At 31 March 2025|145,148| |At 31 March 2024|160,659| ## **Financial assets held at fair value** The investments above are held in a portfolio, they have been valued at their market value as provided by the investment managers, Charities Aid Foundation. ## **17 Programme related investments** |At 1 April 2024
Additons
Disposals
**At 31 March 2025**|**£**
751
99
(850)| |---|---| ||-| Programme related investments are made exclusively to further the charity's aims by funding specific activities. Equity instruments are measured at their fair value at the reporting date if this can be measured reliably, or at cost less impairment. Concessionary loans are either initially measured at the amount received and paid and then adjusted in subsequent years to reflect repayments, interest and any impairment, or they are initially measured at the fair value and subsequently at their amortised cost using the effective interest method. Programme related investments that are measured at cost or amortised cost are assessed for objective evidence of impairment at the end of each reporting period. Any impairment losses are recognised immediately as a cost within 'expenditure on charitable activities' in the statement of financial activities. ## **18 Stocks** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |Raw materials and consumables|1,367|1,758| - 16 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **19 Debtors** |**Debtors**||| |---|---|---| |**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**2025**
**£**
110
676
786|**2024**
**£**
-
651| |||651| ## **20 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Accruals|1,961|1,866| ## **21 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. ||**At**|**1 April 2024**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|**At 31 March**| |---|---|---|---|---|---|---|---| ||||**resources**|**expended**|||**2025**| |||**£**|**£**|**£**|**£**||**£**| |Closed WI's||1,822|1,609|-|(478)||2,953| |Agnes Salter Fund||1,065|-|-|-||1,065| |St Bees Bursary||391|-|-|-||391| |Pooling of fares||5,061|-|-|(5,061)||-| |Projects||267|-|-|-||267| |||8,606|1,609|-|(5,539)||4,676| |**Previous year:**|**At**|**1 April 2023**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|| ||||**resources**|**expended**|||**2024**| |||**£**|**£**|**£**|**£**||**£**| |Closed WI's||1,739|111|-|(28)||1,822| |Agnes Salter Fund||1,065|-|-|-||1,065| |St Bees Bursary||391|-|-|-||391| |Pooling of fares||4,598|895|(432)|-||5,061| |Projects||267|-|-|-||267| |||8,060|1,006|(432)|(28)||8,606| - 17 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **21 Restricted funds** ## **(Continued)** The Charity has a restricted fund called the Agnes Salter fund which is allocated to the Federation by the NWFI, to provide assistance to members attending courses at Denman College. Awards of up to £80 are given towards travel and can be applied for in addition to a bursary already awarded. Restricted funds also includes balances related to suspended WI's where the money has to be held for three years before it can be transferred to unrestricted funds. Pooling of fares income is also regarded as restricted funds since this can only be used to reimburse for travel expenditure. Pooling of fares income had previously been thought of as restricted funds since this can only be used to reimburse for travel expenditure. However the trustees feel that as the money is received after the expenditure has been spent and that this is a reimbursement that this money should not be treated as restricted funds going forward. The balance brought forward is also not believed to have been the correct balance and that this money has in fact been spent in earlier years for travel. For this reason, it has been transferred to general funds in the current year. ## **22 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April 2024**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 31 March**| |---|---|---|---|---|---|---| |||**resources**|**expended**||**losses**|**2025**| ||**£**|**£**|**£**|**£**|**£**|**£**| |General funds|171,378|47,315|(61,576)|5,539|4,489|167,145| |**Previous year:**|**At 1 April 2023**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 31 March**| |||**resources**|**expended**||**losses**|**2024**| ||**£**|**£**|**£**|**£**|**£**|**£**| |General funds|185,603|49,056|(72,120)|28|8,811|171,378| ## **23 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
1,647
-
Investments
145,148
-
Current assets/(liabilites)
20,350
4,676
167,145
4,676|**Total**
**2025**
**£**
1,647
145,148
25,026| |---|---| ||171,821| - 18 - ## **CUMBRIA - CUMBERLAND FEDERATION OF WOMEN'S INSTITUTES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**23**|**Analysis of net assets between funds**|||**(Contnued)**| |---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**| |||**funds**|**funds**|| |||**2024**|**2024**|**2024**| |||**£**|**£**|**£**| ||**At 31 March 2024:**|||| ||Tangible assets|2,361|-|2,361| ||Investments|160,659|-|160,659| ||Programme related assets|751|-|751| ||Current assets/(liabilites)|7,607|8,606|16,213| |||171,378|8,606|179,984| ## **24 Operating lease commitments** ## **Lessee** At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows: |Within one year
Between two and fve years|**2025**
**£**
9,500
6,333
15,833|**2024**
**£**
9,500
15,833| |---|---|---| |||25,333| ## **25 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 19 -