BRITISH FEDERATION OF WOMEN GRADUATES Cty NIK 273043 REPORT AND AccouNrs FOR THE YEAR ENDED 31" DECEMBER 2022
Charities AdMItered by the British Federation of Women Gtaduates NW6 2EG 75 MAyBTr)v¢ Ro•1 NAtWui BAnk pk 66168 5t John'x Ro LfjthSWIi IPB
TRUSTEFS. REPORT FOR THE YEAR ENDING 31st DECFMBER 2(Y22 Tnjslees dwlng the ye. Professor C(7rE de si0 LB IHonsl hAA PGCE FHEA (Char) Emerilus Profe55(K Kale kving Bsc (Hor61 PGCE IASC PhD {Secret(xyl Profess Joyce Goodman Cert Ed (QTSI BEd (Honsl MEd PhD ATCL Ms Jennie Londsberg 8Ed {Hon51 MEd NPQH IFinancel Dr Kri5to McLennan BSC (Honsl hASc PhD MRSB SFHEA PGCTHLE evic MA Msc hAagist(Y PhD FHEA The Trustees yesent ther report ond finoncM]I stotements for the yery ended 31 December 2022. This repcxl also covers Ihe Inlemok>nol Fellowship Fund Vthh s part of the BFOIG schok]hlp Charity (with a sepcyale bank accounl and separote accounts Fxesented lo the Annuol M881ing and to BFWGI. The fund5 for the Interna)no1 Fellowship ore from o legacy which stipukjled thot income shoukj be appffied to an award determined by t International Federalts)n of Women (knILKzles Inow (>oduate Women 1ntemot1or1j normally in the name of an eoty BFWG Preydent. The Trustees Clr} that all finortiol stotemenls compty vith current stalulory requyements. the Memorandum ond ArticSes of Association. Ihe Scholarship Fund Trusl Deed and Ihe Slaternent of Recomm8nd8d Proctice ISORPI-Acc0untw orKI Repry by Ch(wities. appkable to chthies prepcxing theiraccounts IFRS 1021. In corrwng out thek thlles Trustees have had red lo the Chcxlty Comntsslon's gLMdonce on pvbk benefil. The purpose of BFWG SCh0bhp Fund. as descnl)ed tts Deckyation of Tnjst document. Is Ihe thyarding of scholov5hips. rrK]king gronts and thns. and tjwarding prizes for the purF)ose of promoting or furtheriro post-gcVale educalion of women of any noticnalty. The frst oward f(x academr reseorch was given by the British Federation of Universty Women in 1911 now krM)wn a5 th8 Brith Federalion of Women Groduates IBFWGI. Since then Ihe Federalion has continued to give (Jwards ond cUenty does so on on annual basi%. to women doclorol students ncxmalty entering ther third ye(x (pro rala for part lime students) at UniVty in ErKJh3nd. Scotland CY Wales. The awards moje by the BFWG Scholorship Awcrds Committee based on acaderric eXCelnCe and bolh written and oral communation of Iher prqecl. The Trust also funds on annual Research Presentations Davy. where doctoral sludents present Iheir work. Vih the emphay5 on transk]IM)n of otlen corrwlex ideas to o non- speciat audience.
The schok]r5hip Fund Trustees hove meet three times in the w. olong with o publc meeting at the BFWG AGM. These meetings cre (normal} n February, M(ry and November. with the pubk rrttliThJ in j). In al meelirys were orfine. 11 is likety thot. the Intst h(we at lea51 Or Onne meeliro per yecr Ipkjs Annuol Public Meeting algned with Ihe BFWG AGMI, saving costs from pa51 Wac1 of ttwee London meetings each ye(J. Chcth is a Twst. govemed by its Deckralion of dated 91h Juty 1983. TnJ51ees are oppointed by the existi 0Up ofTrustees orKJ are nonnalty but mt excknsNety. drawn from the membethip of Ihe Briltsh FederotK)n of Women Grcxluates. Appointment5 are approved by the Councli of Ihe Federatk)n al its Anwal General Meeting held every Juty. Intere51 in becom1 o rne1rt is sought from Ime lo trne trfough the BFWG'S new51ett distributed to all member5. os well os through extemal chonnels. The 5electr)n of candidates lor Tntsteeship 15 based on relevant experience or interests. which need nol be os on 0C¢xJeM. ITtee5, oppointrnents are for an IrwlKJI ttyee years. renewable lor a further tee years. after the Tru51ee musl stand down. semsttured briefmgs f¢ both prospecfve Irvstees. and for induction of new Injstees. hos been developed lo ensure a full apprechJlM?n ol bolh legcl oblwticrs and tnjst operat. Six twstees v4ere in pkxe 2LY22: ProfesKx Ccyrie de sIa (Chak ofTrustees. whose second tem of Ole expres in >J231, Emerilvs Professor Kate lelected Secrel(xyl, Dr Mifjana RadNojevié, Professor Joyce Goodrron ormy Jennie Landsberg ltscol responsibifity). Ex offkio: The 8FWG Pre%dent has, in the p051 ottended. Mcre recenlty. a Managemenl Team membef hos been nomnaled. New Trustees ¢Je invited lo atterKJ o meelw)g ol the Tnjstees before Ihey lake up thelr positlons. They are rYovKJed with the Terrrs of Referee Trustees ond a Master docurnent lo help them beam obovt role. wilh an onlne inductN)n session. Representatives of ow kndepend8nt Frnncid A(fvtser. Clse de Vere ond o accountonts and ouditor. Goloknins Ch(xtefed Accountants. c<)ntinue lo attend crfjr meetings to give finalK]I vpdate5 and ond Iheff inwl demonstrotes not onty Ihe eXemOry wofessi¢)rx]l integrity expecled of such odvisers but a very per50r¥Jl engogement vAth Trust ond Tnjstees. whh 15 highty volued. Ihe AnrMKJI Report ond Accounts wll be ovaikjble on the websrte bef(xe AGM. A sep(rote report on the finances 11 be provided. The Trvslees ageed to lund5 avalable to be (Th(xded n 2023 of £20.CW. In 2(Y2Z £20.IXLI v5 awarded. We gralefuty acknovledge tt)e ies and ¢)nath recerrfed ttyough Ihe year. The legacies, donations and mem¢)rK]I book up to M(Tch l)23 amounted lo £360.
TRUSTE&S' REPORT FOR IHE FNDtNG 31st DECEMBER %r22 J1* The Academ Awcxds C(¥nmittee 15 iontty led by Ccyrie ( Silvo ond Kate kving. with admini5tralNe suppcKt. The ck)sing dale fcK Academrc AWd$ appkatior6 is eth M(¥ch. The applcations (Je reviewed by an ocodenNcs vh)0 assigns wbject speciotst assesTh. The management of thi5 stage conlinues to be demanding as assesscxs ue rK)t oKvay5 wiring avoilabte. and ftjrther subject sPecrtsts need to be sovrced. Folovitng specialist (we55ment, an extended shortbl 15 reviewed by a smoll leom. A ffthimum of 18 are cald lo interv over days. U5ualty in London. Table l. The PG Ac(xlemk Aw(wd wlnnera lor 2022 N(rn al Awryd Va Krlsllna Arekelyan Klrfs. London Portfolk) of comp051tlon5 and commenLiry (diab4. themes and transfomiatbonsl-variatlons Informed by extra-mu5ical stimuli. Success FKtors FaaI1tatir Care Our1 Exalatlon ISUFFICEI- an examination of preventable deaths in hospital and the Wa1ceS leadit0 prevention. Fomiallslrvd comblnatorlal structuresand yoof techniques uslrq proof asslstsnt software, Isabelle/HOL Ihigher order logicl. Conceptualising climate tha adaptation justke In Scodand. wlth case stuthy based on S(th UISL (l[ring the SoLrth: an examination ol queer theory thr the work of Slcilian film dlrert¢f. Emma Dante Ib19671. Unl¥erslty Nur51 Chelsea EthMds £25(M) VEA Alke Parmlo E25(Xl Fum Our winner5 <re gr¥en a one-yeorcomplmenlcry membership to BFWG. This hets to rai58 OLf Fofile ond. vthlst few go on to join the folh)vAng ye(y. ti fLKthers tt)e links with the orgCmi5an ond. il ts hoped. reops benef in tuhjre. The monies cye paky from the Schokyship fund. Letter5 of coryatulations are sent to (Thv(wd Vnne by both Ihe TTu5t Chalr. informing them of their resull. and by our Prdent. We endeovoLf lo strengthen Inks ond benefft further from the crword5 by making geater use of cOrdeeS as speakers and in our PR. with owardees enCOaged to pubkise the i]ward in ther own sociol medio actNity as well. of course. as cn Iher Qrfs.
TRUSTEES. REK)RT FOR THE YLIR ENDJNG 3 1st DECF)ABER 2022 Internthl Fellowsh Our Gront to Graduote Wornen Internoknnal (GWII our Intemallonol Felk)VShp. The Ida Smedw Maclean Fel0vh1p. of £5.[ was last made in March X)22. 50 will not be due ogain until . The Reseorch Present¢JlK)n Day IRPD) fcrf 2022 wa5 hekl at BFWG Heod Office in London. Sght doc101 shKlents pre5enled findings. with Ihe emphosis on tt comrrvjnication of complex issues to a cross-rftsciplrMJy audi8 with al presenlers beirKJ ovided wlh feedbock. The 7Ze winrEff wos Beth Sovar. Royal Velerinary Colege. London wilh her research on elod0thng peste des petits ruminants. a devostating ¢theose of Sheep and goats ocross much of Africo. Asia ond the mKId East. Ihe day was vduable in re-vJniting conllxts with pcst Academ AwcTd wi)ners. students who had enlered Ihe RPD and not been shorlfisled. ond BFWG Youw mernbe all n attendae. along with lonytondng BFWG members a1 poslhokJ%. Rnanclal re The attached financial Statement inckates the Fund's fw)anc)I posilDn at the erKJ of2022. The main source of OMe for Ihe Fund come5 from inlerest on investments and thi5 ovvyes the moneies for the Schokwthip5111izes eoch year. Some small donations are obo received alongwth occasioTrJl kgxies. An adntra1n fee perschokjrshp appration is chorged and promdes income for ts cosl of runnirvJ the (jWd process each yeor. Reserves Palky The cuffenl reseNes polcy 15 a minimLnn of one year's worth of 5chokYship CP4varc15 which is held in cosh reserves to enOb the poymenl of ScholShIpS to conlinue even rf income generatKJn FKJS been Thufficient in that ye(T. 51nJctwe. gov•rnance and management In 2(Y22. further S3n1cOnt wcKk was done in reviewirva the Terms of Reference. producing a more deloiled Risk Register fn Ine the Charity ComrrMs5K)n tempkjtel. consmjering Ihe BFWG ArtiCth/Scholat1P Fund Deckyalion ol Trust and devebpirvJ a Moster Document for Iruslees. conl(Ing core infcwrrDIK)n ond delols on both the runnng of the Trust and the admlsIr0110n of Aw(xds. As mentNJned above. a TnJ5tee induclion preSentat)n has also been introduced. akjng wilh o shc¥ler meeting for pr05pectNe trv5tee5 (led by Chak andlcy Secret(3yl. Ih5 w(xk has conmued.
TRUSTF.FS' RBPORT FOR THF, YBAR ENDfj 31# DECFMJER 1022 The Trustees cre respon5ibbe f(K prep(xing the Tru5tees' Rep1 ond the finoncnl stalements in accordance with opplicable kw and Untted ngdoM Accounting Slandards includwig noncial Rep(yting Standard 102. the nancIal Rep(xl¥w StarKkYd applcable n the UK and Rewbfic of Ireland lthancial Repcwling Councill. The Icfyv apprable to clNJrrlies in land armd Wales requres Ihe Twstees to prepare rancIal statements for eh financial year which gNe a true far view of the slale of affaYs of Ihe ch(xity and of the income and expendihKe of Ihe clKvity for that period. In preporiTVJ It financial stalements. TtsIees are requT8d lo: select suitable accounting pokies and then opp1¥ them consistenlty: observe the melhods and principles wi the Chcyilies SORP Islotement ol Recommended lacte)." make drEnts ond occounting estimates Ihat (Te re(onable ar prudent: state whether opplicoble occounting StarKIdS hove been fokned. subject to any materiol departures disclosed and expkjined in financ1 statements. and prep(xe the financ1 statements on the goirvJ concem basis unless it is inappropri(Jte Io Fxesume thol the charity wffl continue In busness. The Truslees are respon&ble for moinloining proper accounting recdS vthich di5c105e wlth re050nable accLKacy ol any tyne the fina#]1 p05ilion of Ihe charity and enable Ihem to enswe that the financial statements compty wtth Charitss Act 2011. the Charify (Accounts and Repctsl Regukjtions 2CQ8 and the [wvlOn5 of trust deedlconstitvtion. They are also responsible for safeguarding the 055ets of the ch(th and hence for takirvJ rea50nobb steps for the prevenlK>n and detectM)n of fraud other rregularities. The Trustees fft responsible for the rrnintenonce ond integrity of the charity and finoncial Information included on Ihe ch¢iVs websile. Legiskjlion in Ihe United Kingdom goveffting Ihe prep(ration and disseMir1b)n of financial statements may drfler from legislation in Other1lsdIctiOns. Fomial decl¢wollor• The Trustees h¢Jve no beneficiol Interest in Ihe Ch(xity. All docurrEntalK)n to the Charity Commission ha5 been submitted inCding changes to Ihe Trustees.
TRUSIEES. REPORT FOR THE YEAR ENDING 31& DECEMBEK2 stalemenl as k• discloswe lo ow In so f as Ihe Trustees are thyore." there is no relevant al11 nf<xrnalkM of whth Ihe charttable corrwnvs audilo Ihe Twslees h(we taken dl epS IF¥]t kn oughl lo h(Ne hiken to rTh)ke Ihemselves OW¢Je of any relevont JCrrt nfijrmckn and lo estoblth thal Ihe Qu(tito are aWe of that 1nfonrnln. Audll Goldwins Limited were re-cjppoinled as the (HJdtfX5 of BFWG Schtknhip FurKI ol the AGM in Juty 2r22 and hove exkyessed lhetrvnesS to conllnue in Ihat capocty. The Trustees, Annuol rewl hos been optyoved by Tee5 on and Sfdned on Iher behalf by QSJ,-<.C>£ Professcy CaThie de Silrfa Cltr. BPIIG SchokThh> Fund T• 2L) IZ
Imrcd to tcprt that hct
U•¢ of (wrepwt S July 2023
For the ycat cnded 31 J)ecembet %YZ N( 2&453 ¥453 2(813 28M13 4(189 4),177 40.1 40.1 177 Net income / leendl¢we) beftye (S.1} (W> OlJ69 iJ64) Nct (JnUr4) / R¥ini jtywrxl OIIJJY) 41IX) 43,IX) 011M (JTrh•4 VIJ64) 41150 31.786 14948) 5.956 (5,956) Nct / (expttMlltuR) bef%Kr (s.4) .194 31.786 016.714 (ll7WO) 37.194 Jl.766 Totsi ru[* fofvxfd 4155 46ffi33 847N34 8937 767J41 897 8&48 915.453
Balattce sheet A8 at 31 Deceoiber 21)22 Nrf¢ 881.724 8BI.724 CAth At and iti INrMI 41103 44730 41729 925.453 41 767.441 94453 94453 io
Rcpth ofltehrd (PIS 102. kn ljawl5j. (fiww*sSORP FRS 104. b) l>)IDtconc¢rn c) In1n)¢ Is -11-
Iiired Inveitmtr k) D¢btorn L&%li *i bank wid L&sh ID h•ad .rrilili>ts and Pri))n5 Irc -12-
Charities AdMItered by the British Federation of Women Graduates For the yeat etsded 31 December 3)22 Totzl Total 5272 314 314 350 10 Memotigl book 22 2021 Totsl Rcstiict<d 34.757 34.782 34.757 3£782 28.452 28.453 -13-
Notes to the finanaal 8ts7tements For the year ended 31 Decemkn 2022 2ZTotsl 3)21 Totsi i&¢x 1&(MM) SupFrf)rt costs Brokua8e c<)st8 11458 1.167 16J L167 1,7 7dJ 972 516 695 i.U80 Dropi Trn$tees' trnvd 67 47 67 210 Wcbsitc 72 65 15814 15.814 11802 3J75 3J75 3J75 3J75 3375 JJ75 40,177 The chority lltitt iticuttd in the yrAr. The tot*l e4JaMJiture £46.189 (2021: £40.177) S Net IIXXrt / (e4Jettthtr) torthe yur This is afttt / (aeditin&): Audit ftes 3J75 3J75 -1
For the MAtkttv& * th 8tthofthc )r4t 846,182 4.850 11445K) 43,150 881.724 Ntt 8wililos8) MATk¢t at tr¢ rxd ofthe yur OIL8 763J183 Ydts) xbt& Raj Ifttitu¢iod S Dii CFBP AM IJS Short DurAtion Bond £1 Gf 85217 54327 34477 91.659 Y1,018 48.970 94J46 40.495 43,rAs5 58936 45,121 44.838 58.155 JPM Mthc¢s Incorne C I Nirttyort Divcti ITJCOtt J JT*.2 GBP
Notes to the fUclaI stateinents Fot the ended 31 December 21Y22 4J58 4.878 763rn3 881.724 881.724 4J58 battk ¥ttd iti b%1 46 4A103 463 (6.131) 4358 48 (407S) (4ts1) J72 43.729 767.4 25.453 -16-
For the year ended 31 Decen)beT %122 At tht eDd oltheFgr Ttsttsfe 10.699 26 (5J5Z) {40037) 154 4.794 BFWG kholarnh¥> fu 391 33.765 41225 (46.189) 40J ri.476 85@752 1154) 14.794) OW731 11.83 767,441
334 5272 34.782 5272 33.675 1.107 1.107 39281 Awatds Ix) 163 Tr2vc]lin8 163 10.958 72 1.167 352 72 1.167 972 552 552 326 Ttqyd (fn3stees) Websitc Utiliiies 118 47 67 47 67 3375 lJ75 SJ52 40.837 46.189 (4245) 154 0556) 4.T94 30526 (S.1) Ttaftsfet between funds 41225 33.764 4)J72 as6ets Bank bakn. Hd4 by BFWG Debtot5 Other debtors BTrIV&ln*r.fiJThJ (GWI •w¥d r(•le) li 34.895 463 (1531) P.531) 40,372
FuDd• IntrtCSt divi&D(ts (108J73) (111.839) (111.839) (4.948) 884.228 (1(*373) (4.794) 856,752 (154) 27,476 Brought fotward 743585 767.441 23,721 135 739J62 4223 763.083 4J58 Othcr debto 743585 767.441