2020-10-31-accounts - East Sussex Federation Of Women's Institutes

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CONTENTS	PAGE
Reference and administrative details	1
Trustees report	2-6
Independent Examiner's report	7
Statementoffinancial activities	B
Balancesheet	I
Notes to thefinancial statements	10-2',1

Registeredcharityname	EastSussexFederation ofWomen'slnstitutes
Gharity number	229488
Trustees
	Anita Jobling(Chairman)
	Dorothy Proietti (FirstVice-Chairman)
	GlenysSusanDavies (SecondVice-Chairman)
	Clare Biddiscombe-Woolgar(Hon.Treasurer)
	Kim Dunn
	Lee Ede
	JacquelineFrost
	Stephanie Gaunt
	Trudy Gower
	SharonHamby
	Hilary Lewis
	AvrilParrini
lndependent examiner	Louise UnderdownACA
	53GildredgeRoad
	Eastbourne
	East Sussex
	BN21 4SF
Bankers	BarclaysBankPlc
	TheOldBank
	Lewes
	East Sussex
	BN7 2JP

						2020	2019
		UnrestrictedRestrictedEndowment				Total	Total
	Note	fund ÊâÊ	fund		fund	funds Ê	funds e
INGOMEANDENDOWMENTSFROM Donations and legacies					1,000	1,000
Charitableactivities
Affiliation fees		34,732				34,732	37,665
Governmentgrantincome	6	21,193				21,193
Council meetings		35				35	8,442
Sub-committee activities	2	7,'114				7,114	16,036
Special activities	3	5,072	410			5,482	48,578
Suspendedlnstitutes			2,791			2,791	80
Othertrading activities
Stationery and saleslines		2,910				2,910	5,504
SalesofWlNews		40				40	6,474
lnvestments	4	2,414	728		1,263	4,405	5,184
Total income and endowments		73,510	3,929		2,263	79,702	127,959
EXPENDITURE ON:
Raisingfunds
Stationery and saleslines		2,520				2,520	3,341
PurchasesofWlNews		420				420	4,620
Press and publicity
Charitableactivities
Bursaries payable	5		(r 1	0)		(r10)	670
Council meetings		250				250	7,587
Sub-committee activities	2	6,752				6,752	12,825
Special activities	3	3,122				3,122	37,994
Suspended lnstitutes
Salaries and national insurance	7	33,204				33,204	32,535
Travelling expenses
forBoardofTrustees meetings		292				292	1,285
Support and governancecosts	8	21,989			708	22,697	23,459
Total resources expended		68,549	(r10)		708	69,'147	124,316
Gains/(losses) on investments	10	(f,291)	3,528		(1,0421 I,195		9,807
NETTNCOMTNG/(OUTGO	NG)		3,670	7,567		513	f1,750
RESOURCES BEFORE TRANSFERS
TRANSFERS BETWEEN FUNDS		410	(4r0)
NET MOVEMENT IN FUNÐS		4,080	7,157		513	1f,750	13,450
RECONCILIATION OF FUNDS
Totalfunds brought forward		271,125	37,131		98,902	407,158	393,708
Totalfundscarriedfonrard		275,205	M,288		99,415	418,908	407J58

	Note	2020 t	2019 î.
FIXEDASSETS
Tangible fixedassets	9	125,218	127,753
lnvestments	10	183,497	184,009
		308,715	311,762
CURRENT ASSETS
Stocks		673	1,317
Ðebtors	'11	6,690	711
Cashatbankandin hand		112,805	103,635
		120,168	105,663
CREDITORS:Amounts fallingdue
withinoneyear	12	9,975	10,267
NETCURRENT ASSETS		110,193	95,396
TOTAL ASSETS LESS CURRENT LIABILITIES		418,908	407,158
NETASSETS		418,908	407,158
FUNDS OFTHE CHARITY:
Unrestrictedincomefunds	t3	275,205	271,125
Restrictedincomefunds	14	44,288	37,131
Endowmentfunds	l5	99,415	98,902
		418,908	407,158

SPECIALACTIVITIES
			2020	2019
	Receipts Ê	Payments f	Net Ê	Net Ê
Agricultural Show: Ardingly		230	(230)	2,291
Bulb Scheme	1,833	1,537	296	494
County Calendar	149		149	294
100 Club	1,840	1,550	290	680
Fundraising	924	12251	1,149	4,412
NF Competitions	40	30	{0	938
Room charges	186		186	s03
Denman College Room	410		410	(33)
Denman College Federation visit	100		100	1,005
Net surplus for theyear	5,482	3,122	2,360	10,584

¡NVESTMENT INCOME
				2020	2019
	Unrestricted	Restricted	Endowment	Total	Total
	fund Ê	fundt	fund €	funds Ê	funds f
Listed investments, unit trusts
and common investment funds	2,271	710	1,198	4,179	4,823
lnterest on cash	143	t8	65	226	361
	2,414	728	1,263	4,405	5,184
BURSARYINCOME FUNDS
		lnvestment		2020	2019
		incomet	Payments Ê	Net Ê	Nett
ESFWI		728	(110)	838	20
Net surplus/(deficit) for theyear		728	(110)	s3s	n

GOVERNMENT GRANT INCOME
			2020	2019
	lncome	Payments	Net	Net
	€	€	Ê	Ê
JobRetention Scheme Grant	10,793		10,793
Business rates refund	400		400
Grant from WealdenDC(COVID-19 Support)	10,000		10,000
	21,193		21,193

STAFF COSTS
	2020	2019
	Ê	Ê
Wages and salaries	32,799	32,141
Employer's national insurance
Employer's pension contributions	405	394
	33,2O4	32,535

	2020	2019
	I	Ê
Travel expenses	292	1,285
SUPPORTANDGOVERNANCE COSTS
	2020	2019
	f	Ê
Headquarter's expenses	3,753	3,786
Property repairs and maintenance	202	590
Federation activities	960	1,287
Printing and office stationery	655	1,213
Postage andcaniage	2,605	4,155
Telephone	388	439
Subscriptions andgifrs	184	232
Office expenses	3,852	4,099
lndependent examination fee	1,345	1,345
Accountancy	2,505	1,485
Professional fees	1,731	1,731
Bank charges	300	400
lnsurance	2,268	748
	20,748	21,510
Depreciation of owned assets	I,949	1,949
	22,697	23,459


9.TANGIBLEFIXED ASSETS		Freehold	lmprovements	Fixtures,	Total
		Property	toFreehold	Fittingsand
			Property	Equipment
		â	Ê	Ê	â
COST
Asat1November2019		141,031	67,402	8,597	217,030
Additions
Disposals
Carriedfon¡r¡ard		141,031	67,402	8,597	217,030
DEPRECIATION
Brought fonvard		19,741	63,021	6,515	89,277
Charge foryear		1,414	539	586	2,535
Disposals
Carriedfon¡vard		21,151	63,560	7,101	91,812
NETBOOK VALUE
As at 31 October 2020		119,880	3,842	1,496	125,219
Asat31October2019		121,290	4,381	2,082	127,753
IO.INVESTMENTS	Designated	General	Restricted	House	Total
	Bursary	fund	Bursary	Endowment
	Fund		Fund	Fund
	Ê	t	Ê	f	â
Market valueat1November 2019	17,409	69,879	35,258	61,463	184,009
Acquisitions at cost	2,093	9,085	2,975	13,020	27,173
Disposals at open book value	(2,137)	(e,171)	(3,210)	(18,2141	(32,732)
lncrease/(decrease)incash balances	47	86	249	5,201	5,583
Portfolio fees	(165)	(641)	(352)	(573)	(1,731)
Realised gains/(losses)	177	(1,302)	117	457	(551)
Unrealised gains/(losses)	1,255	(1,421',)	3,411	(1,499)	1,746
Market value at3lOctober2020	18,679	66,515	38,448	59,855	193,497

These investments are placedasfollows		2020		2019
	Cost	Market	Cost	Market
		value		value
	Ê	I	€	Ê
Listed investments
Equities	107,587	I 10,868	115,439	120,256
Property	4,705	4,563	4,705	4,654
Bonds	24,174	25,429	24,101	24,955
Unit Trusts	21,611	26,588	19,208	21,944
Cash	16,049	16,049	12,200	12,200
	174,126	183,497	175,653	184,009

EBTORS
	2020	2019
	Ê	Ê
Prepayments	6,690	711
	6,690	711
CREDITORS:Amounts fallingduewithinone year
	2020	2019
	Ê	Ê
Other taxation and social security	322	358
Accruals	4,941	5,086
GrantfromNFWI for promotional activities	I,166	1,166
Deferred income	3,545	3,657
	9,975	10,267

At31 October2O20 thecharity had minumum lea	se payments under non-cancellable leases which fall	dueasfollows:
	2020	2019
	Ê	Ê
Within1year	960	960
Within2-5years	2,880	3,840
	3,840	4,800

UNRESTRICTED INCOME FUNDS
	Designated	Equipment &	General	Total
	Bursary	Maintenance	Fund
	Fund	Fund
	â	Ê	€	â
Balanceat1November 2019	23,086	5,000	243,039	271,125
lncome	376		73,134	73,510
Expenditure			(68,54e)	(68,54e)
Transfers between funds			410	410
Gains/(losses) on investment assets	1,432		(2,723)	(1,2911
Balance at31Octobe¡2420	24,894	5,000	245,311	275,205
Represented by:
Tangible fixed assets			121,607	121,607
lnvestments	18,679		66,515	85,194
Stocks			673	673
Debtors			6,690	6,690
Cashatbank and in hand	6,215	5,000	59,801	71,016
Creditors			(e,e75)	(9,975)
	24,894	5,000	245,311	275,205

RESTRICTEDFUNDS
	Denman	Suspended	Bursary	Total
	Room	lnstitutes	Fund
	Fund	Fund
	e	Ê	Ê	t
Balanceat1November 2019		556	36,575	37,131
lncome	410	2,791	728	3,929
Expenditure			110	1f0
Transfers between funds		(410)		(4r0)
Gains/(losses) on investment assets			3,528	3,528
Balance at31October2020	410	2,937	40,941	44,288
Represenledby:
lnvestments			38,448	38,448
Cashatbank		2,937	2,493	5,840
		2,937	40,941	44,288


LADY CASTLE STEWARTHOUSE ENDOWMENT FUNÐ	Endowment
	Fund
	Ê
Balanceat1November 2019	98,902
lncome	2,263
Expenditure	(708)
Transfers between funds
Gains/(losses) on investment assets	11,0421
Balance at3lOctober2O20	99,415
Represented by:
Fixed assets	3,611
lnvestments	59,855
Cashatbank	35,949
	99,415