Charity No: 232102 theWI INSPIRING Wom￿1 Glamorgan Federation of Women's Institutes Board report for the year ended 31 October 2024 Annual Finanaal Statement for the year ended 31 October 2024 Charity No: 132102 Glamorsan Federation 0£ Women's tnstitutes Tiu$tees Report Year ended 31st Oetobet 2024 The Trustees present their annual le￿t and finanaal ststements of the tharity for the year ended 31 Oetober 2024. The Truslees report shows activilies for fv Federation for the year. The B()3rd of Trust￿ haye overall responsibilities regardins the investments It￿ h'naThcial matters associated WLth the Federation. The firwicial statements have been prepared in acLxJrdance with the accounting policies set out in note i to the accounts and comply the charitys trust deed the CFLarities Art 2011 and Accountin8 and the iThaThties Strdtem￿t of ReL￿eThded Pradice (SeL￿nd ethtion) and Finanoal Reporknn8 Standard FES I￿2. Lesal status Glamorgan Federation of Womens iTtstitutes is a Ckwitsble Tntst and is resistered with the Charity Corntnissioners. Charity Registration Number. 232Jir2 Prlncipal Office: Glamorgan Federation of Women's lTh%litu 13 Courtland Pla SA13 1]J Tntstees: Ba￿ara PK¥wrin& Bany WJ {Cha]rn￿rn Appointed March 2024) Carol AtkInsO￿ Osmore Vallry ￿ (chairni￿ Retired March 20241 Sandra Davids0￿ Coythurch ￿ Iv5￿ Chairman MAY 2016) Daphne Furneaux, Uandewi with Knelston Wl (Vice Chairman: Appointed March 20241 Claire Athert0￿ Creisiau M (freasurer: Reappointed May 2023. Stood down Treawrer in May 2(f241 Myra Thomas. Upper Killay ￿ (r1EaSL￿r. Appointed May 20241 CaTolyn Davies, Pontydun WI Belinda Three Crosses Wl (ApwFinted Marth 2024) Gloria jo￿$. PortTalbot M (Retired March 20241 Wendy Knight Swansea Central Wl (Elected May 2022. Retired March 21r24,. Cw)ted SeptembeT 2￿14) Margaret Maguire. Upper Killay Wt {Elected May 20221 DAane Howard-willis, Clyth"r Wl {Appointed March 20241 Pam Dinham lthairman Membership suP￿Tt Committee Octthr 21J20) Ex offiao Mavis Tiemey (APpoin￿d March 2￿14) Bankers.. Bank of Scotland PLC P.0. Box 10 38 SL AndEew ￿are EH2 2YR A¢¢ountants: Harries watki￿ & Jones tAd IA (knw(d Park Bridsend CF313PL Pa&Èl Charity No: 232102 Glamorgan Federation of Women's Institutes Trustees Report Year ended 31st October 21Y24 Objects and activities for the Lnembers of the Federation The objertive of the Board of Ttustee5 is the Governan￿ of the Federation and approval of events organised by the Sub Committees of the Federation that Ex>th educate aThd develop the oppOr￿nitieS in varied events to suit all memkn .The Board of Trustees endeavour to cover as many aspects of sport, CXKbkery, arts and ￿aft% scienc< r[￿al and environmentsl issues, and health and ￿￿]01 welfare. The respons&bilities of the Board of Trustees indudes hdth and safety issues and risk assessThent. Risk asse5Smt has been Cdrried out and written policies are in pla￿. We currently e￿p10Y one member of*aff and a written ￿lleY for ￿1th and safety regarding this member of staff is in place. Ownershlp of our pre￿t buildins which ho￿eS our secretarial offi￿$ is an important responsibility of the knrd of Truslees. The objectives of the Federation are to fluther the purposes of the Wom￿,9 Imitute organisation. The Federation is 8ovemed in accordan￿ with the CoTL8titution & Tules (updated Mardi 20211. The Trustees L-onfirm that they have referred to the Charity Collunission's guidano on pub]ic benefit when Teviewing the T￿5￿5 and otryechves in pknin8 future adivities, and settins the graTht making policy for the year. Achievements and perfonnance Organised events by the Board of Tn￿lee5 indude a i*arn to Hay Whist Day at Ystradowe Village Hall in Novemkr and a Tai (Thi T￿9￿ Day in PenLrd or8ani5ed by the Sport & i£isure Su&Committee. Combined Arts sU￿¢0MMIt￿e arranged A christm￿ MisLEllany, held at the Hi Tide Porthcawl in NoVem￿r. which was very sULx￿(u1. A Christsnas Tree Festival at All Hallows £ThUTc￿ Miskin in December. The Combined Arts COO￿lttee held an afternTh)n with lunc￿ listenin8 to the glamorous life of an ex-Bluebell sirl at the Hi-Tide Porthcawl. The Rosobowl & BreLxbn Cup prelimiw rounds organi*d by the Home EcorkotniLS & CTaft sul committee with an afternoon tea was held in Apiil and was very suc￿SsEU1. The ever-populaT Darts Competitton was held at Pencoed aub in April. For the thr￿ seekers amongst us. a day ai the Zip Wire in B￿1￿ took Pla￿ in June. Table top games and Aftern(xm Tea entertained in June. A visfftt to Hampton Court Palatr and Windsor Castle twk Pla￿ in July. The Annual GlamorsaTh Show was held in Juty at the Al*ravon Beath Hotel. Port Talbot amd was a eat succes& (￿r Annual Meeting was heid in Marth at the Royal Theatre. Port Talbot and our speaker at the event was Sue Kent IpTe5enter on Gardeners World). 48 members attended the NFWI Annual Meetir¥s atThe Royal A]E*rt HalL LondorL Four Fashion Sknws were held in the Heronston Hotel. Bridgend, with Fashion by Samantha B and Norton House Hotel, Mumbles with Fashion by &>lo and Cream. Two LXM(thes our ladies to The Ma]vern Flower Show in September. The Federation rf￿12 wa5 packed out for a great evenRng. GiveTh the hard work and enthusiasm of the Board of TTusiee in L))niunction with the Sub Coounittees. the IneM￿rS of Glamorgan Federation have enjoyed a SuctE￿ yeaT with a vwied prO￿a￿l￿e of events to SULt all needs. Pase2 Charity No: 232102 Glamorgan Federation of Women's InSti￿te5 Trustees Report Year ended 31st October 2024 Review of Transaclions and Fitiancial FO￿tion The Accounts show a deficit for tF* yearended 31 (knber 2￿￿4. as a tsult ofthe transfer of the trading premises to Glamorgan Federation of Women's It￿ituteS ao (Charity nuts)￿r 1206209). Memberthip remains stable and members ably support Federation in all of the vttrious activities available. It is the policy of the charity lo maintain unTrstricted fur￿ at a level whith will allow it to continue for the next six months regardless of any shortLDminss in ￿tren1 income. Reserves at 31 October 2024 amounted to Q56.489, wku.th are Sufficient funds in the Federation to abide by the policy of the Charity Collllni4￿0rL Governance and mana8emertt Clamorgan Federation of Womth's Institures is a Charitable Trust sovemed by the CorLstiiution and rules {updakd Marth 2￿21) and i5 reststered with the Charity Commissioners. The elected membeTS of the board of twsW are annoUn￿d at Annual Meeting of the Counci], in accordance with the &)vernin8 document. Candidatss must be nominated by a Women's Institute andlor a trustee of the Federatio The T￿SteeS are responsible for preparing the TTUStees' Re￿rt and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kinsdom Generally Aeeepted Accothlting Practitr). The law applicable to charities in England & Wales requires the tThJstees to prepare finanaal statements for each finanLial year which give a true and fair vxew of the stste of affairs of the tharity and of the incoming re80urce5 and application of resou￿￿ of the dwAty for that period. In preparjng these fjnancial stataMen￿ the trustees are required kn.. Select suitable accounting poliaes and then apply them CO￿lStentlY. Observe the methods and principles in the tharities g)RP.. Makejudsements and ar￿unting estimates that are ￿aSOnable and prudent,. State whetkw applirdbIe 8ccvunting standards have been followed 5ubJert to any material departures disdosed and explained in the financial statements. and Prepare the fti)an¢ial statements on the goin8 amtrrn basis umIe&8 it is inappropriate to presLame that the dwity will continue in business. Pase3 Charity No,. L12102 Glamorgan Federation ot Women'8 In8titute8 Trustees Report Year ended 31st Odober The trustel￿ 41re respon51ble for keopins sufflclent accounting records that dIscl￿ w3th rea￿rtable .1iiuracy ¢lt any tsme the financial posilion of the charity and enable ilwn to ensure that the IiDanclal %tatwiients coniply wllh the Charitbe5 Act 2011. the Charlty (AcLYJunts and ResKTrrtsl Re8ulallon5 2U08 Jnd the provisivn5 of the trust deed. They are aEso responsible for safesuardlns the as￿ of. the iIILltlfy and hentr for ts)kins t￿￿n￿bI¢ glepstor the pm¢ntloTh and det￿tiOn 0£ fraud and the othw Irregul£irities. Accountry f(hr the yearended 31 O£toi*r 2024 approved by the tryst¥ on.. (Dot¢) id siKned ()n thelr tehalf by. Barbara BowTinB Federation ¢hairth&n Cbarity No: 23Z102 Glamorgan Federation OE Women's Institlltes Statement of Finaticial ACti￿tIeS Year ended 31st Odober2024 Unrestrict*d Restiicled Total funds funds 2024 Total fund8 2024 2024 2023 Income and endowments ft•m: Donations and le8acitt Donations Investment irttome BaDkfvuildln8 SLKiety interest 3203 3J 3J)3 Other tradin8 activitles NFWI raffle illLX)me Enterprises sales WI stationery sales Centenary gin sales 517 413 517 413 1,026 140 140 1,956 140 5.151 Charitable artivities Affiliation fees Puolin8 of Eares FedÈrabon newsletter Events, functions and sthw Federations ofwales ACWW project AGM meetin8 Annual c<)unal meÈtiti8 Suspended WI'S 41,694 4,712 517n 6,IXI 51Tn &130 152 8.IXI 5fi10 8.150 5.610 £814 149 io 121,729 ]2Z391 114510 Other intotne VAT adjustment from prior years iU94 Total xncomlng resouEtes 126.988 133W7 Charity No: 232102 Glamorsan Federation ot Women's InstA￿t¢S Statement of Financial Activities Year ended 31st October 2024 Unrestiicled Re8tiirted To nds hxnds fi￿d8 2024 Total funds 2024 20Z3 Expenditure OJL Rai$in8 £￿a8 WI eftterprises paymeThts Wl 5tatioTrery payments 619 619 Y29 3.764 4203 Charitable aclivltles Affiliation Eees Poolins of fares Federation newgletter Eveiits. functions and 8clwob Federations of Wales ACWW project 16 16,827 675 11,134 13,885 14231 11.705 88.754 6.782 410 675 11.134 11,4T2 6.414 11.472 6.414 Annual council meeting &657 113A98 1&3J94 Other Expendilure Property donated to CF￿ CIO 95AXXI Total expendilure I37￿97 Nel 8aitulO(6wl on investments 4397 97 (2131 Net tn¢omelexpenditu (98h6D 198.11 Transfers between hthds Other reco8nÉ$ed 8alnslllosses) Cainslllossesl on rÈvaluation of fixed assets Nel movement in hjnd (l￿nI 198.117) Reconciliation ot f￿n￿¥. Total funds br(MJsht forward Total funds canied forward 18,848 239512 16.f7 Z$6A89 Charfty 232102 C.lamorsan FedeTalion of Women's In8titule8 1141ance Sheet Year *nd£d 31st Odober21ll4 Fix¢d -1'¢111Klbl¢ Aygets IIivL%tments 418 95555 Curr¢DI As*ets 470 Ilank the Aceounts Year ended 318t October 2024 Accountins policies 1.1 Basis of preparation of *ccounts The accounts (finanaaI statements) have been prepared under the historical cost convention with xtems recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accoun￿ The financ￿ statements have been prepared in accordan￿ with the second edition of the (Trthrities Statement of Recommended Practs issued in October 2019, the FinanLial ResK)rting Stsndard applicable in the United Kinsdom and Republic of Ireland {FRS I￿2) and the charitt.es Art 2011. The charity constitutes a pub]icbenefit entity as defined by FRS IOZ 1.2 Going coneem assessment The trustees consider that there axe no nuterial uncertainties about the Ttusvs abiItty to continue as a going con￿rn. The trustees have conside￿d the level of funds held and the expected level of income and expenditure for 12 Jnonths fvom authorising these linanaai statements. and the aThtiapated inmme and expenditure is suffioent with the level of reserve5 for the d￿lty to be able to continue a8 a going eonLWn. 1.3 Change of accountin8 policy The aecounts present a true and fair view and no (knges have been made to the accounting poliaes adopted below. 1.4 Changes to aecollnting estimates No changes to accounting estimates have in the reEx)rting period. 1.5 Material prior year errors No material prkor year errors have identified in the re￿rting period. 1.6 Recondliation prevwus Generally Accepted Accountins Praclise tn p￿paring the accounts. the trnstees have Lvn5idered that no restatement of comparative items was rewAred in applying fhe accounting policies required by FRS 102 and the Charities SORP FRS l(r2. Charity No: 232102 Glamorgan Federatlon ot Women's Institutes Notes to the Accounts Year ended 31gt October 2024 Accountins policies 1.7 Income Recognition of income All income is recognised oft￿ the dwity has entitlement to the income, it is probable that the income will i* received and the amount of ineome r￿1Vable can be rne￿￿d reliably. Grants and donations Grants and donations only included in the SOFA when the general inLxJme recosnition criknia are ￿et (5.10 to 5.12 FKS102 ￿)RP}. In the case of performano related grants, Itt￿Me must only Ee reCwIs￿ to the extent that the chwity has provided the sF*cified gi)ods or Servi￿ as entitlement to the grant only occurs when the Performan￿ related conditions ate met (5.16 FRS I￿2 SORP). Investment income Interest on bjnds held on deposit is induded Wh￿ receivable and the amount ean be measured reLkably by the d)arity.' this is normally upon notification of the interest p￿d or payable by the bank Ineome from membership subscriptions MeTnber$hip sub5CriPtions which gives a MeM￿r the right to buy Servi￿ or other benefits are reco8nised as income earned from the pryjvision of g(K)ds and servitrs as income from dthritable activities. 1.8 Liabillties Lxability rewgnltion Liabilities are reco￿]￿d where it is more likely than not that there is a legal or constructive obligation L￿Mmitting the charity to pay out resou￿ and the amount of the obligation can ￿ measured with rt4sorthble certainty. GoverAunce and support costs Support costs have been allocated between governan￿ wsts and other $UPPOrt. Governan￿ LX)sts comprise all costs involving public accountabllity of the charity and its Cornplian￿ with regulation and g(N)d praL*l￿. Support costs indude ￿ntral funrtiOTLS and have been allotrdted to arti￿ty ￿st ￿tegorieS on a basis consistent with the use of resourc4 eg allocating property costs by flijor areas, or per capita. staft e(trsts by the time swit and other costs by their usage. Grants Eeceived Where the charity gives a grant with conditiors for its payment l*ing a S￿lFiC level of Servi￿ or output to be provided, su(h gTants are only reCogrtt￿ in the SOFA Dr￿ the recipient of the grant has provided the yofied service or output. P•p 10 Charity No: 232102 Glarnorgan Federation of Women's Institutes Notes to the Accounts Year ended 31st October 2024 Accounting policies Where there are no condit10￿8 attathin8 to the grant that enables the dornr charity to realistically avoid the commitment a liability for the full fundins obIisation musl be CO8nised. CredAtors The charity ha5 creditor5 whith aTe measured at settlement amounts less any trade discounts. Provisions forliabilities A liability is measured on recognition at its hiS￿rical cost and then subwiently measured at the E*5t estimate of the amount required to settle d* ob]i8ation at the reporting dale. Basic EAnancial Atistruments The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRSJ02 SORP. Subsequent is as per para8raplts 11.17 to 11.19, FRS102 9)RP. 1.9 Fixed assets Tangible fixed as8ets for use by the ch￿lty and depreciation These are Capi￿(sed if they can k used for more than one year, and cost at least £250. The cost of minor additio￿* or th(Tr5e LI￿n8 bdow £￿) are not capitali8ed. Assets are Depreciation is provided on tangible fixed as*ts so as to write off the cost or valuatio less any estimated residua] value, over their exFected usefuE economie life as £ollows'. offi￿ equipment 4 years straight line basls Fixtures and fittings." 5 years straight line basis No depreciation has been provided on the freehold buildin8 whith ig a re6Adential 1kn15e and included at the trustees. valuation. Fixed Asset investments Fixed asset ?nve5tments in quoted shares. traded t4)nds and similar inveslrnents are valued initiatly at cost and subsequently at fair value {their market value) at the year end. The same tseatment is applied to unlisted investments unless fair value cannot be rneasured reIiably in which case At is meawred at cost less impairment. 1.10 Stocks Stock5 held for sale as part of non-charitable trade are mea￿ted at tl* lower or (x)St or net realisable value. Pase li Charity No: 232102 Glamorsan Federation of Women's Institutes Notes to the Accounts Year ended 31st October 2024 A¢eounting poliae8 1.11 Debtors and prepayments Debtots (induding trade debtors and loarL8 ￿L￿vable) are measuted on initial recognition at settlement amount after any trade discounts or amount advaThLEd by the charity. Subsequenily, they are measured at the cash or other LX)tL%ideration expected to be received. 1.12 Related party transactions There were related party tratLsactions that required disclosure duTin8 the year. P88e l2 Charity No: 132102 Glamorgan Federation of Women's Institute8 Notes to the Accounts Year ended 31st Oclobey 2024 2 Ev¢nts, functions and sth0018 income and expetiditure Board of Ttustees events receipts Expenses 15.346 117 20.1 Combined art5 Expenses 3.810 3.122 Home eronomics and crafts le￿IPts ExpÈnses 4WI F￿b)it affairs rettipts Bxpeftses 1&285 17,926 6￿10 6.618 192 Mejnbotship support ton￿lIttee Expenses 3*14 Sport and leisure receipts ExpetL5es £167 41Y27 140 Shows receipts £764 4482 Py13 Charity No: 2321 Glamorgan Federation of Women's Institutes Notes to the Accounts Year ended 31st October 2024 2 Evotkts, functions aDd schoob Income and expendIt￿t Glamorgan exF)erientr inL 6.612 (6212) (20) Centenary l￿ratiO Ex¥*nses 11,4(Xl .Tr5) Royal Wdsh Show 3.1 8351 Tolal tvents income 5¥m 56 Total evenL8 eX[￿dItI￿e Plus supporl costs Flus governance cc&ts Total events expenditure 65.491 16,489 s￿69 87%9 18J14 BI￿2 1312831 Py14 Charity No: 232102 Glamorsan Federation of Women's InstI￿te8 Note$ to the Actounts Year ended 31st October 2024 3.1 Stsff Cosls 2W24 Salanes and wages Sotial security Costs Pension ¢osts (defined crntributicm) schemÈ) c￿er employee betLefits TolaI staff co$L8 17,146 15.952 17.146 15.952 Noemployees rettived employee }￿ts (excluding ryloyer ￿th£O%ts) for the reportitLg periLxl olmore than £frt).¢XK> 3.2 Average head the year The parts of the dthttsty inwhich theernployeeswoTk. 2024 Fundraisins Charitable Activities Other Accountancy •rtd Independent examinets fees Accountancy fee5 indudes the followin8 0rn1)unts payable in Eejation tr.. Independent Èxamtnats( Accountancy and taxation gervitrs 1016 3.r20 Truslee'j expen8e8 duties, reimbutsed ditettly tothem by the awtsty. ExperLses incurted weteall travellins exp￿5¥ for the 12 Tn 139 221 1874 Treasurels expuws B(Mrd of tJvstÈes expense5 201 1787 3m7 Charity No: 232102 Glamorgan Federation of Women's Institutes Notes to the Accounts Year ended 31st October 2024 6 Fixed a88et& Freehold Land & OfFLte Furnitm & buildin85 equipment Fittin8B To¢ai Cost attd valuation At l NovemEer 2023 Revaluation Dispw]5 At 31 October 2Tr24 U12 17.725 117.137 195.lYJJI 4h 17.T25 11137 Depreciation At l November 2ff£3 CTharge for the year At 31 OrtobeT 2024 4412 17.170 137 21332 137 4A 17JTr7 2L719 Net book value At 31 Ortober 21)24 418 418 At l NovetThber21YII 95J 95555 7 Debtors 2024 Ptepayments 7.(￿2 7.062 8 Schrodern lllvegtmenl 21Y24 ValuafioD at 31 October21n4 318OY 2B.406 Market value ai be8innirk8 of year Net %ain I110ss1 on revaluatiL*) Mathei vaiut at end of ye•r Py16 CharAty No: 172102 Glamorgan Federation of Women's tn5titutes Notes to the Accounts Year ended 31st ortOb￿ 2024 CreditorB 2024 3.714 3/55 319 3.714 3526 215 Aterua]s lol Se£vrity laxes 10 Restsicted Funds Funds heId within the Bank ofsuthnd eV￿t accoiint Group Benevtslent Fund Sll$pended ￿,. Walking nethall fund Centenary gin fund 2,051 14.926 14,264 1.298 16.9TI 18W8 Pyiy 11111 11111 11 I iji JI ,IiiIi Illlll 11- ow Charity No: 232102 Glamorgan Federation of Women's Instltutes Notes to the Accounts Year ended 31st Ortober 2024 Analy$is of char&table funds At)aly$i$ of Jnovements In unTestricted f￿d8 Fund FI￿d balantes balances broll8ht Gth and QryAed ftyTwaTd tncome Expendilure Trangfers losses forward Fund natnes General fund 335,758 126,988 I230￿) 1415 239,512 Total 335.758 126.988 1230JM6) 415 4397 I39￿12 De8ttiption. natllTe and purpose of wi-restricted fund$ This h]nd 15 for use by the dLarity in fulfilling the aittLS of the tharity and ￿ tnaintain Cfmtimxity of servite. Analysis of rnovements in restiirted fund5 Fluid Fund balances balances brougbt Gal￿ and carried fonvaTd Inmme Expenditure TrdnBfet$ 105se8 forwaTd GEOUP Benevolent F￿Ra Suspended Wl's Walking netball fund Centenary Gin fund Total 1051 14Y26 14264 (581 1,298 18,848 140 { 1.4381 {2A151 12581 16.977 Des¢rfptloty nature and pwpose of resttirted tunds Group Benevolent fund.. The fimd is available to wfs who are in financial hardship. The fund (xn be talled upon to pay debts whith the ￿ cannot meeL within rr&sonable req¢*st or pw aTMI approved by the Board OfTTh￿tee& Suspended WI'S." On L*SSation of a ￿ any Surplus fund5 are induded in the ￿￿spended wf5- Eund. If the WI i5 refomied within 3 years the ￿l￿al ￿(￿leS ate Eo assist with hu￿¥￿% the reopenins. Wa]king netball fund.. NFWI are funding this ptt4ert to gaiti the skills kn provide walkin8 netbau OPFx>rtunities to Wt rnembers in their federations. The charity deaded to make the funds available to all wrts not)￿$tnetball and have therefore trathrred funds to ge[*r￿ reserve. Centenery Gan h]Dd.. NWFI o]ebrated the by ￿￿k]ryg available * st￿k of 8in lo be so]d to