Charity registration number 229211 WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS LEGAL AND ADMINISTRATIVE INFORMATION |Trustees|Janice Cole|| |---|---|---| ||Liz Goldie|| ||Maggie Vinson|| ||Viv Woodger|| ||Pat Stephens|| ||Sue Davies|| ||Pat Beard|| ||Wendy Custerson|| ||Judith Dodd|| ||KathyLaw|| ||Pat Carpenter|| ||Sheila Rowley|| ||Lorna Farbowskt|(Appointed 14 December 2022)| ||Annie Jenkins|(Appointed 14 December 2022)| |Charity number|229211|| |Independent examiner|Nicholas J Bishop FCCAACA|| ||Unit 3Ambrose House|| ||Meteor Court|| ||BarnettWay|| ||Barnwood|| ||Gloucester|| ||GL4 3GG|| |Bankers|HSBC Bank plc|| ||The Cross|| ||Gloucester|| ||GL12AP|| ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS CONTENTS ||Page| |---|---| |Trustees’ report|1-5| |Independent examiner's report|6| |Statement offinancial activities|7| |Balance sheet|8| |Notestothefinancialstatements|9-17| ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The trustees present their annual report and financial statements for the year ended 30 September 2022. 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 Women's Institute is an association of women. The Gloucestershire Federation of Women's Institutes is an unincorporated Federation with a constitution in the form laid down from time to time for Women's Institutes by the National Federation. The latest constitution and rules were adopted by a special resolution dated 1 June 2013. The Gloucestershire Federation was formed in 1919. A Womens’ Institute may be formed in a village, town, city or district where the Federation considers that there is a need for an organisation for women interested in issues associated with rural life including arts, crafts and sciences. No Women's Institute may be formed unless visited by a WI Adviser. Federation trustees are elected by the members for a period of 2 years. Other trustees may be appointed or coopted as vacancies occur. All Trustees have equal responsibility and work and are required to sign a letter of appointment. Trustees are defined by section 97 of the Charites Act 1993 as "persons having the general control and management of the administration of the Charity”. Trustees, sometimes called Executive Committee members, are the governing body of the Charity and are responsible for the management of the Federation and can delegate duties while maintaining overall responsibility. The principal objective of the Federation is the furtherance of the purposes of the Women's Institute movement in Gloucestershire . The objects of the WI movement are to advance the education of women and girls in citizenship, in public questions both national and international, in music, drama, and other cultural subjects, also to secure instruction and training in all branches of agriculture, handicrafts, home economics, health and social welfare. It seeks to give women the opportunity of working together through the Women's Institute organisation and of putting into practice those ideals for which it stands. The Charity is engaged in a wide variety of activities including the provision of education classes for members and organising fundraising. events such as walks, seminars and speaker events. Newsletters are also provided to members 10 times a year. The charity also receives income from shop trading, investment income from bank funds and managed investment funds. Rental income is also received from the flat at WI House and membership fees provide an important source of funding. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## Achievements and performance As our new financial year starting in October began so did some hope appear that covid and its restrictions would be waning which gave us a brighter outlook for the financial year in hand. Our core business of offering members opportunities which may not be available through their own Wis picked up and the big events were on the agenda again. Covid cast its Jong shadow as uptake to these and many other events was distinctly lower than in the past. Much has been written in many places for the reasons for lack of participation but we are no different from the general trend although there has been an increase in interest in some events like the holiday and a shopping experience. -1- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS TRUSTEES’ REPORT (CONTINUED) ## FOR THE YEAR ENDED 30 SEPTEMBER 2022 **----- Start of picture text -----**
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Our Annual Council Meeting enjoyed the presence of HRH the Princess Royal who listened to the talk on Sustainable Fashion by Jennifer Wearden from the Victoria and Albert Museum and spoke about her own experiences of fashion or style. She engaged with the Trustees about the work of the Federation as well as with members. **----- Start of picture text -----**
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Despite this being a very interesting meeting, attendance was notably down and therefore our profit too. Similarly, the Winter Celebration, with the performers from the previous year’s cancelled event entertaining us, had very small audiences at both concerts. However, the holiday to the Isle of Wight with its interesting program of visits was very well supported and enjoyed. Our Jubilee Picnic at Highnam Court was a happy event and enjoyed by many members on a day when the sun shone and the rain stopped as the gates opened giving us the opportunity to enjoy the glorious gardens at Highnam and the playing of a Jazz Band. -2i- WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 **----- Start of picture text -----**
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Our craft classes have resumed in reality and have seen an increasing number of attendees as the year progressed and the threat of Covid became part of life. We have been able to offer a wide variety of crafts and have hybrid meetings too. **----- Start of picture text -----**
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Outdoor sports like croquet and the regular walks have resumed and the skittles competition took place. We took part in the Royal Three Counties Show alongside Herefordshire Federation, supporting them with craft displays and demonstrations as well as with the catering. The format of our participation is changing and rather than totally manning all three venues each year, we will be sharing the event with Herefordshire and Worcestershire. The impact of smaller numbers attending events on our finances has been considerable, but lower membership numbers are a worrying factor as we depend on this core income to pay our staff and at the moment it falls well short leaving us a sizeable gap to fill before we even begin to operate the office and keep WI House in good order. As with everyone else, rising costs due to inflation are affecting us too. We have had a year without Job Retention Scheme income but did receive a grant for the Jubilee picnic event. ~3i- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Our staff were back working mainly in the office during the year, but when needed, also from home. We have embraced a degree of flexible working to fit around the domestic circumstances of our staff members and this has worked well for them and the organisation and will continue. One member had several months of adoption leave which was covered by the employment of two people on a job share basis. This gave us the opportunity, because of the skills we gained, to upgrade the IT system in WI House with improved Wi-Fi and better connectivity all round. We have a working group actively engaged in providing a new federation website as we acknowledge that this is a vital too! for information for members and non-members alike, booking events and wider outreach. The Marketing team have been pursuing ways and means of recruitment and at the end of the financial year were ready to advertise the forming of a new WI on a local new development. Much time is given by the trustees and sub committee members to ensuring that a varied and wide-ranging programme of events is arranged during the year covering all aspects of the objects of the WI and which will provide the necessary income to enable us to continue. Our thanks are due to them and to the staff who underpin all our endeavours. ## Financial review With a gradual return to events and activities, total income for the year has seen a favorable increase of £47,772 when compared to the 2021 figure. Unfortunately costs have also risen and show an increase of £71,277 on the 2021 figures. Overall the charity made a small surplus of £227 before the net loss on the movement of the investments of £11,212 which leaves the net result for the year at a deficit of £10,985. It is the policy of the Charity to maintain where possible the current level of reserves to provide sufficient cover to pay management and administration costs as budgeted and to respond to unforeseen emergency expenditure which may arise from time to time. This may not have been the year when we needed to use these reserves, but we are very aware that the future is still very uncertain and that in the upcoming financial year we may have to use some of these reserves. -4- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 ## Structure, governance and management The trustees who served during the year and up to the date of signature of the financial statements were: Janice Cole Liz Goldie Maggie Vinson Viv Woodger Pat Stephens Sue Davies Pat Beard Wendy Custerson Judith Dodd Kathy Law Pat Carpenter Sheila Rowley Lorna Farbowski (Appointed 14 December 2022) Annie Jenkins (Appointed 14 December 2022) The Executive Committee is elected by the members and consists of not less than eight or more than fourteen elected members and up to three co-opted members. Appointments are for a period of two years. The officers are elected by the Executive Committee on an annual basis. Funds held as custodian trustee It should be noted that in the list of trustees above, the following acted as Custodian Trustees in respect of WI House : Lady Carolyn Elwes Anne Turner Gill Thomas The trustees would also like to show their thanks for the support of Lady Carolyn Elwes who passed away on 23 December 2022. The trustees’ report was approved by the Board of Trustees. **----- Start of picture text -----**
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-5- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION ee2 ee | report to the trustees on my examination of the financial statements of Womens Institutes - Gloucestershire Federation (the charity) for the year ended 30 September 2022. ## 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 (the 2011 Act). | report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## Independent examiner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts 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. | understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. | have completed my examination. | 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 2011 Act; or 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 accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. | 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. ## \\i[\] Nicholas J Bishop FCCA ACA Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG Dated:[_rs/orl23] 112.3 6 ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT ## FOR THE YEAR ENDED 30 SEPTEMBER 2022 ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2022|2022|2022|2021|2021|2021| ||Notes||£|£|£|£|£|£| |Income and endowments||from:||||||| |Donations and legacies||3|51,874|-|51,874|69,144|1,815|70,959| |Charitable activities||4|67,683|-|67,683|(7,238)|-|(7,238)| |Othertrading activities||5|2,002|-|2,002|6,967|-|6,967| |Investments||6|13,560|-|13,560|12,609|-|12,609| |Other income||7|4,742|-|4,742|5,591|-|5,591| |Total income|||139,861|-|139,861|87,073|1,815|88,888| |Expenditure on:||||||||| |Raising funds|8||6,602|-|6,602|5,933|-|5,933| |Charitable activities|9||133,032|-|133,032|60,509|1,915|62,424| |Total expenditure|||139,634|-|139,634|66,442|1,915|68,357| |Net gains/(losses) on||||||||| |investments|12||(11,212)|-|(11,212)|22,499|-|22,499| |Netmovement in funds|||(10,985)|-|(10,985)|43,130|(100)|43,030| |Fund balances at 1 October||||||||| |2021|||278,214|3,832|282,046|235,084|3,932|239,016| |Fund balances at 30||||||||| |September2022|||267,229|3,832|271,061|278,214|3,832|282,046| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 2 7s ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS BALANCE SHEET ## AS AT 30 SEPTEMBER 2022 ## ee ee |||2022||2021|| |---|---|---|---|---|---| ||Notes|£|rs|£|£| |Fixed assets|||||| |Tangible assets|13||46,699||48,323| |Investments|14||98,473||109,684| ||||145,172||158,007| |Current assets|||||| |Stocks|15|254||254|| |Debtors|16|9,560||17,780|| |Cash at bank and in hand||166,807||152,849|| |||176,621||170,883|| |Creditors: amounts falling due within|||||| |one year|17|(50,732)||(46,844)|| |Net current assets|||125,889||124,039| |Total assets less current liabilities|||271,061||282,046| |Income funds|||||| |Restricted funds|||3,832||3,832| |Unrestricted funds|||267,229||278,214| ||||271,061||282,046| The financial statements were approved by the Trustees on 235.)| 202 Janice Cole Trustee Liz Goldie Trustee == ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 - 1 Accounting policies ## Charity information The Gloucestershire Federation of Women's Institutes is an unincorporated Federation with a constitution in the form laid down from time to time for Women's Institutes by the National Federation. The latest constitution and rules were adopted by a special resolution dated 1 June 2013. The Gloucestershire Federation was formed in 1919 - 4.1 Accounting convention 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 freehold properties and to include investment properties and 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 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. 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. -Q- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 - 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: Freehold land and buildings nil Freehold improvements 4% straight line Fixtures and fittings 20% straight line 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 Gash and cash equivalents Cash and cash equivalents include cash in hand, deposits heid 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. -10- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 - 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. Financiat 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. ## 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. -iM- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) ## FOR THE YEAR ENDED 30 SEPTEMBER 2022 ## ii 0 |3|Donations and legacies||||| |---|---|---|---|---|---| |||Unrestricted|Unrestricted|Restricted|Total| |||funds|funds|funds|| |||2022|2021|2021|2021| |||£|£.|£|£| ||Legacies receivable|4,000|-|-|-| ||Grants receivable (GCC, CJRS & other)|8,885|32,427|4,815|34,242| ||Membership fees|38,989|36,717|-|36,717| |||51,874|69,144|1,815|70,959| ## 4 Charitable activities ||2022|2021| |---|---|---| ||£|£| |Members events income|63,093|(14,844)| |Other income|4,590|7,606| ||67,683|(7,238)| - 5 Other trading activities ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| |||:|2022|2021| ||||£|£| ||Shop income||2,002|6,967| |6|Investments|||| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||2022|2021| ||||£|£| ||Rental income||8,220|7,975| ||Investment income/dividends||5,340|4,634| ||||13,560|12,609| i9885 ey -12- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) ## FOR THE YEAR ENDED 30 SEPTEMBER 2022 ## 7 Other income **----- Start of picture text -----**
||||| |---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2022|2021| |£|£| |Other|income|4,742|5,591| **----- End of picture text -----**
8 Raising funds **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2022|2021| |£|£| |Fundraising|and|publicity| |Other|fundraising|costs|2,994|-| |Trading|costs| |Other trading|activities|3,611|5,933| |6,602|5,933| **----- End of picture text -----**
-13- WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 3 ## 9Charitable activities |||2022|2021| |---|---|---|---| |||£|£| |Staff costs||§2,216|53,083| |Depreciation and impairment||1,624|2,753| |County activities||42,694|(19,859)| |County newsletter||3,633|6,450| |Rates||2,367|1,085| |Insurance||4,414|1,740| |Heat& light||2,494|892| |Repairs& maintenance||6,949|8,337| |Printing, postage& stationery||4,696|2,101| |Travel||3,237|-| |Telephone||831|607| |Accountancy||1,620|1,620| |Computer& software||2,375|1,546| |Bank charges||608|531| |Cleaning & gardening||-|9| |Sundry & subscriptions||3,274|1,529| |||133,032|62,424| |||133,032|62,424| |Analysis by fund|||| |Unrestricted funds||133,032|60,509| |Restrictedfunds|i|-|1,915| ## 10 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 11. Employees The average monthly number of employees during the year was: ||2022|2021| |---|---|---| ||Number|Number| |Office|5|3| -14- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 |11.|Employees||(Continued)| |---|---|---|---| ||Employment costs|2022|2021| |||£|£| ||Wages and salaries|52,216|52,729| ||Social security costs|-|354| |||52,216|53,083| There were no employees whose annual remuneration was more than £60,000. ## 12 Net gains/(losses) on investments ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2022|2021| ||||£|£| |Revaluation|of|investments|(11,212)|22,499| ## 13 Tangible fixed assets |Tangible fixed assets||||| |---|---|---|---|---| ||Freehold land|Freehold|Fixtures and|Total| ||and buildings|improvements|fittings|| ||£|£|£|£| |Cost||||| |At 1 October 2021|25,240|28,940|28,416|82,596| |At 30 September 2022|25,240|28,940|28,416|82,596| |Depreciation and impairment||||| |At 1 October 2021|-|8,205|26,068|34,273| |Depreciation charged in the year|-|1,122|502|1,624| |At 30 September 2022|-|9,327|26,570|35,897| |Carrying amount||||| |At30 September2022|25,240|19,613|1,846|46,699| |At30September2021|25,240|20,735|2,348|48,323| -15- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) ## FOR THE YEAR ENDED 30 SEPTEMBER 2022 ## es ## 14 Fixed asset investments ||Unlisted| |---|---| ||investments| ||£| |Cost or valuation|| |At 1 October 2021 & 30 September2022|109,684| |Carrying amount|| |At30 September2022|109,684| |At30September2021|109,684| |15|Stocks||| |---|---|---|---| |||2022|2021| |||£|£| ||Finished goods and goods for resale|254|254| |16|Debtors||| |||2022|2021| ||Amounts falling due within one year:|£|£| ||Trade debtors|-|47| ||Prepayments and accrued income|9,560|17,733| |||9,560|17,780| |17.|Creditors: amounts falling due within one year||| |||2022|2021| |||£|£| ||Othertaxation and social security|1,208|(51)| ||Trade creditors|9,715|2,427| ||Other creditors|14,613|16,480| ||Accruals and deferred income|25,196|27,988| |||50,732|46,844| -16- ## WOMENS INSTITUTES - GLOUCESTERSHIRE FEDERATION GLOUCESTERSHIRE FEDERATION OF WIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 |18|Analysis of net assets between funds|Analysis of net assets between funds|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||funds|funds||funds|funds|| |||2022|2022|2022|2021|2021|2021| |||£|£|£|£|te|£| ||Fund balances at 30||||||| ||September 2022 are||||||| ||represented by:||||||| ||Tangible assets|46,699|-|46,699|48,323|-|48,323| ||Investments|98,473|-|98,473|109,684|-|109,684| ||Current assets/(liabilities)|125,889|-|125,889|120,207|3,832|124,039| |||271,061|-|271,061|278,214|3,832|282,046| ## 19 Related party transactions There were no disclosable related party transactions during the year (2021 - none). -17-