2021-12-31-accounts - Women's Institute - Solihull

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Registered Charity No. 230474

SOLIHULL WOMEN'S INSTITUTE FINANCIAL STATEMENTS

31 DECEMBER 2021

Principal Address:

W. I. Hall 745 Warwick Road Solihull B91 3DG

SOLIHULL WOMEN'S INSTITUTE CONTENTS OF THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

	Page
Trustees' Report	2
Independent Examiner's Report	3
Income and Expenditure Account	4 to 6
Statement of Assets and Liabilities	7
Notes to the Financial Statements	8 to 9

Page 1

SOLIHULL WOMEN'S INSTITUTE TRUSTEES REPORT

YEAR ENDED 31 DECEMBER 2021

As the largest women’s organisation in the UK, the National Federation of Women's Institute (NFWI) aims to offer women the best opportunity to make an impact in their communities, to influence local, national and world issues which affect the social, economic and environmental life of families and communities. The organisation also offers opportunities for members to learn new and traditional skills.

The Governing Document of our W.I. is the model constitution with rules and is lodged with the Charity Commission.

The Trustees of Solihull W.I., (Charity Reg No. 230474) are members of the main committee.

Trustees acting during the year ended 31st December 2021 were:

Mrs Annette Taylor - President to 23.11.21 Mrs. Jean Jones - President from 23.11.21 Mrs. Olwyn Hyatt Mrs. Susan Hands Mrs. Angela Mason – Secretary Mrs. Pauline Clarkson - Treasurer Mrs. Jean Stanley - Friendship Circle Secretary Miss Maggie Holloway Mrs. Darryl Murrin-Foyle Mrs Marilyn Tempest Mrs Betty Georgeson Mrs Eileen Wolstencroft (appointed 14.12.21) Mrs Kathleen Hillyer (appointed 14.12.21)

Activities and Achievements:

• Solihull W.I. has 56 full members. We are a member of West Midlands Federation

of Woman's Institute (WMFWI), and the NFWI.g g , p wide range of subjects and also a coffee club and Knit & natter mornings. subjects. We have a Coffee Morning, Craft Group and Lunch Group.

• Our delayed Centenary celebrations became an afternoon tea with a gift. Outings during the year were organised to 'John's Garden' and Worcester Xmas Market.

Our Hall is owned by our Institute in the names of three Custodian Trustees: Mrs. Olwyn Hyatt, Mrs June Mack and Mrs Susan Hands.

The Trustees have approved the Trustees’ Report above.

Signed:

Mrs Jean Jones - President Date: 31 October 2022

Page 2

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SOLIHULL WOMEN'S INSTITUTE

YEAR ENDED 31 DECEMBER 2021

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 4 - 9.

Respective responsibilities of trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts 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.

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 accounts to be reached.

Paul Mannion ACA ACCA (Senior Statutory Auditor) for and on behalf of BK Plus Limited Chartered Certified Accountants and Statutory Auditor 2 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE

31 October 2022

Page 3

SOLIHULL WOMEN'S INSTITUTE INCOME AND EXPENDITURE ACCOUNT

YEAR ENDED 31 DECEMBER 2021

£ £ - 68 2,016 2,084 22 22 150 192 342 776 87 15 55 933 1 1 2 4,840 18,205 26,428 1 January 2021 to 31 December 2021	£ £ 10,000 28 2,752 12,780 - 201 - 201 - - 50 100 150 56 13 11 80 5,937 17,985 37,133 1 January 2020 to 31 December 2020	£ £ 10,000 28 2,752 12,780 - 201 - 201 - - 50 100 150 56 13 11 80 5,937 17,985 37,133 1 January 2020 to 31 December 2020
22
150 192	201 -
776 87 15 55	- - 50 100
1 1	56 13 11

		37,133

Page 4

SOLIHULL WOMEN'S INSTITUTE INCOME AND EXPENDITURE ACCOUNT (CONTINUED)

YEAR ENDED 31 DECEMBER 2021

EXPENDITURE Notes Meetings Speakers & meeting expenses Stationery, stamps and telephone Web site costs Payments to county and national federations County affiliation fees National affiliation fees Contribution to block insurance Publications Newsletter Diaries Main Committee Activities: - Centenary Celebrations Miscellaneous Expenses Federation events Gift vouchers for members NFWI raffle Professional fees Portfolio management fees Depreciation Donation to Denman Appeal - refunded Deposits for 2020 celebration events ACWW 200 Club Hall Expenses 6 TOTAL EXPENDITURE	£ £ 100 503 14 617 577 678 36 1,291 77 27 104 1,900 1,900 863 - 87 1,100 6,130 4,702 - - 50 15 12,947 44,165 61,024 1 January 2021 to 31 December 2021	£ £ 158 560 220 938 640 762 42 1,444 46 - 46 - - - 305 50 1,000 7,030 4,702 (120) (300) 50 - 12,717 52,686 67,831 1 January 2020 to 31 December 2020	£ £ 158 560 220 938 640 762 42 1,444 46 - 46 - - - 305 50 1,000 7,030 4,702 (120) (300) 50 - 12,717 52,686 67,831 1 January 2020 to 31 December 2020
	577 678 36
	77 27
	1,900
	863 - 87 1,100 6,130 4,702 - - 50 15

			67,831

Page 5

SOLIHULL WOMEN'S INSTITUTE

INCOME AND EXPENDITURE ACCOUNT (CONTINUED)

YEAR ENDED 31 DECEMBER 2021

TOTAL INCOME TOTAL EXPENDITURE NET DEFICIT FOR THE PERIOD REALISED GAIN ON INVESTMENT ASSETS TOTAL GAINS AND LOSSES RECOGNISED SINCE THE LAST ANNUAL REPORT TOTAL FUND BROUGHT FORWARD TOTAL FUND CARRIED FORWARD UNREALISED GAIN ON REVALUATION OF INVESTMENT ASSETS	£ 26,428 61,024 (34,596) 11,994 18,335 (4,267) 735,785 731,518 1 January 2021 to 31 December 2021	£ 37,133 67,831 1 January 2020 to 31 December 2020
		(30,698) 1,832 15,961
		(12,905) 748,690
		735,785

Page 6

SOLIHULL WOMEN'S INSTITUTE STATEMENT OF ASSETS AND LIABILITIES

31 DECEMBER 2021

£ £ 389,009 321,799 4,314 326,113 9,564 1,629 5,966 364 17,523 4,696 (5,823) 731,518 731,518 731,518 31.12.21	£ £ 384,969 325,649 5,166 330,815 7,126 5,345 5,965 61 18,497 3,399 (1,895) 735,785 735,785 735,785 31.12.20	£ £ 384,969 325,649 5,166 330,815 7,126 5,345 5,965 61 18,497 3,399 (1,895) 735,785 735,785 735,785 31.12.20
9,564 1,629 5,966 364	7,126 5,345 5,965 61

		735,785
		735,785
		735,785

These financial statements were approved by the members of the committee on 31 October 2022 and are signed on their behalf by:

Mrs Jean Jones PRESIDENT

Page 7

SOLIHULL WOMEN'S INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared using the accrual basis.

Fixed assets

All fixed assets are initially recorded at cost. Investments held as fixed assets are revalued at the date of year end and the gain or loss taken to the Income and Expenditure Account.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows:

Freehold property - 1% straight line Furniture and equipment - 10% straight line

Investments and investment income

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably.

Investment income is accounted for in the period in which the Institute is entitled to receipt.

2. INVESTMENT

National Savings Bond Brewin Dolphin Cash held in investment account Total 3. NON MONETARY ASSETS COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for the period At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 1 January 2021	£ £ 5,000 5,000 371,945 373,654 12,064 6,315 389,009 384,969 Freehold Furniture & Property Equipment £ £ 385,000 23,669 - 385,000 23,669 59,351 18,503 3,850 852 63,201 19,355 321,799 4,314 325,649 5,166 Market Value 31.12.21 31.12.20	Historical Cost £ 5,000 300,410 Total £ 408,669 -
		408,669
		77,854 4,702
		82,556
		326,113
		330,815

Page 8

SOLIHULL WOMEN'S INSTITUTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021

4. DEBTORS

Debtors Prepayments and accrued income 5. LIABILITIES Creditors Accruals 6. HALL ACCOUNT INCOME Hall lettings Car parking EXPENSES Electricity Gas Water Telephone Rates Insurance Hall Manager Repairs and maintenance Cleaning & gardening Hall accounts Car parking services NET SURPLUS / (DEFICIT)	£ 1,459 3,237 4,696 £ 4,135 1,688 5,823 £ 15,450 2,755 18,205 2,110 731 2,228 552 513 2,881 20,886 4,808 2,835 600 6,021 44,165 (25,960) 31 December 2021 31 December 2021 31 December 2021	£ 400 2,999 31 December 2020
		3,399
		£ 370 1,525 31 December 2020
		1,895
		£ 16,135 1,850 31 December 2020
		17,985
		2,726 1,194 731 563 90 2,616 20,297 13,072 4,348 300 6,749
		52,686 (34,701)

Page 9