**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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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** |**INCOME**
**Notes**
**Voluntary income**
Grant from SMBC (re Covid)
Receipts at meetings
Full and dual members subscriptions
**Publications**
Diaries
**Main Committee Activities:**
- Donations / Grant received from Federation
- Summer lunch
**Miscellaneous**
Federation events
NFWI Raffle
200 Lottery
Gift Aid receivable
**Interest Receivable**
National savings bond
COIF primary account
Brewin Dolphin Account
**Dividend Income**
**Hall Income**
**6**
**TOTAL INCOME**|**£**
**£**
-
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** |**Notes**
**Investment assets**
**2**
**Tangible assets**
**3**
Freehold property
Furniture and equipment
**Cash at hand and in bank**
NatWest Current account
Lloyds TSB Hall account
COIF primary account
Cash in hand
**Debtors**
**4**
**Liabilities**
**5**
**TOTAL ASSETS LESS LIABILITIES**
**Funds**
**Unrestricted income funds**
**TOTAL FUNDS**|**£**
**£**
**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