##
##
|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|13,450|
|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|SUB.COMMITTEE ACTIVITIES|||||
|---|---|---|---|---|
||||2020|2019|
||Receipts
Ê|Payments
Ê|Net
I|Net
Ê|
|Craft andArt|892|791|101|1,336|
|Food and Garden|3,725|2,965|760|142|
|Finance|23|106|(83)|(131)|
|Leisure and Learning|2,085|2,205|(120)|1,451|
|Organisation income|25||25|200|
|WIST|364|685|(3211|213|
|Net surplus for theyear|7,114|6,752|362|3,211|
##
|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|
##
##
##