2020-10-31-accounts - Lincolnshire South Federation Of Women's Institutes

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Report ofthe	Trustees		1	to	3
Independent	Examiner's	Report
Statement of	Financial	Activities
Balance Sheet
Notes to the	Financial Statements		7	to	13
Detailed Statement ofFinancial Activities			14	to	15

	fo	r the Year End	ed 31 October	2020
					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		fund	funds	fund	funds	funds
	Notes	6	6	6	6
INCOME AND ENDOWMENTS
FROM
Donations and legacies		38,282			38,282	44,663
Charitable activities
Supporting Wl Branches		8,909			8,909	12,519
Other trading activities Investment income Other income		8,411 3,030 4,734			8,411 3,033 4,734	37,030 3,162
Total		63,366			63,369	97,374
EXPENDITURE ON
Raising funds	4	29,690			29,690	46,032
Charitable activities
Supporting Wl Branches		36,508			36,508	55,492
Total		66,198			66,198	101,524
Net gains/(losses) on
investments		(4,702)			(4,702)	7,321
NET INCOME/(EXPENDITURE)		(7,534)			(7,531)	3,171
RECONCILIATION OF FUNDS
Total funds brought forward		197,167	4,910		202,077	198,906
TOTAL FUNDS CARRIED
FORWARD		189,633	4,913		194,546	202,077

		31Oc	tober 2020
					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		fund	funds	fund	funds	funds
	Notes	6				6
FIXEDASSETS
Tangible assets Investments		2,273 103,325			2,273 103,325	2,673 114,898
		105,598			105,598	117,571
CURRENT ASSETS
Stocks	10	440			440	1,819
Debtors Cash at bank and in hand	11	2,125 82,780	4,913		2,125 87,693	2,125 81,782
		85,345	4,913		90,258	85,726
CREDITORS
Amounts falling due within one year	12	(1,310)			(1,310)	(1,220)
NET CURRENT ASSETS		84,035	4,913		88,948	84,506
TOTAL ASSETS LESS
CURRENT LIABILITIES		189,633	4,913		194,546	202,077
NET ASSETS		189,633	4,913		194,546	202 077
FUNDS	13
Unrestricted funds Restricted funds					189,633 4,913	197,167 4,910
TOTALFUNDS					194,546	202,077

													2020	2020	2019
													6		6
Deposit account interest													349		335
Investment income													2,684		2,827
													3,033		3,162
RAISING FUNDS
Investment management		costs
													2020		2019
													6		5
Portfolio management													1,555		1,626
TRUSTEES' REMUNERATION				AND	BENEFITS
There were no trustees'		remuneration				or	other benefits			for the year ended		31 October		2020 nor	for the	yea
ended 31 October 2019.
Trustees' expenses
													2020		2019
													6
Trustees' expenses													460		822
In addition 60(2019if575)was				paid to		trustees to		cover		travel and meeting expenses			in the year.
STAFF COSTS
The average monthly	number		ofemployees				dunng	the	year was as follows.
													2020		2019
Admimstration														3	3
No employees received emoluments					m	excess of		f60,000.
COMPARATIVES FOR THE STATEMENT							OF FINANCIAL ACTIVITIES
								Unrestricted			Restricted		Endowment		Total
									fund		funds		fund		funds
											f			6	6
INCOIIIIE AND ENDOWMENTS				FROM
Donations and legacies									44,662						44,663
Charitable activities
Supporting Wl Branches									12,519						12,519
Other trading activities									37,030						37,030
Investment income										3,158					3,162
Total									97,369						97,374
EXPENDITURE ON
Raising funds									46,032						46,032
Charitable activities
Supporbng Wl Branches									55,492						55,492
Total								101,524							101,524
							Pa	e8							continued.	..

	Notes to the Financial Statements -continued for the Year Ended 31 October 2020	Notes to the Financial Statements -continued for the Year Ended 31 October 2020	Notes to the Financial Statements -continued for the Year Ended 31 October 2020	Notes to the Financial Statements -continued for the Year Ended 31 October 2020	Notes to the Financial Statements -continued for the Year Ended 31 October 2020
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Endowment	Total
			fund	funds	fund	funds
			6		6	8
	Net gains on investments		7,321			7,321
	NET INCOME		3,166			3,171
	RECONCILIATION	OF FUNDS
	Total funds brought forward		194,001	4,905		198,906
	TOTAL FUNDS CARRIED FORWARD		197,167	4,910		202,077
8.	TANGIBLE FIXEDASSETS
				Fixtures
				and	Computer
				fittings	equipment	Totals
				6	8	8
	COST
	At 1 November 2019and 31 October 2020			7,732	2,824	10,556
	DEPRECIATION
	At 1 November 2019			6,236	1,647	7,883
	Charge for year			224	176	400
	At 31 October 2020			6,460	1,823	8,283
	NET BOOK VALUE
	At 31 October 2020			1,272	1,001	2,273
	At 31 October 2019			1,496	1,177	2,673
	FIXEDASSET INVESTMENTS
					Cash and
				Listed	settlements
				investments	pending	Totals
				8	8	8
	MARKET VALUE
	At 1 November 2019			112,417	2,481	114,898
	Additions			20,981		20,981
	Disposals			(27,567)	(8,000)	(35,567)
	Revaluations			(4,702)	7,715	3,013
	At 31 October 2020			101,129	2,196	103,325
	NET BOOK VALUE
	At 31 October 2020			101,129	2,196	103,325
	At 31 October 2019			112,417	2,481	114,898

10.	STOCKS
							2020	2019
							6	6
	Stocks						440	1,819
11.	DEBTORS:AMOUNTS		FALLING		DUE WITHIN ONE YEAR
							2020	2019
							6	6
	Prepayments	and accrued		income			2,125	2,125
12.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2020	2019
							6	6
	Other creditors						1,310	1,220
13.	MOVEMENT	IN FUNDS
							Net
						At	movement	At
						1/11I19	in funds	31/10/20
							6	6
	Unrestricted	funds
	General fund					197,167	(7,534)	189,633
	Restricted funds
	Lady Giles Bursary Hargreaves Bursary					622 389		622 389
	Holland Bursary Mary Porter Bursary Myrtle Harris Bursary					1,569 548 280		1,571 548 280
	M D Nussey E M Munson	Bursary Bursary				1,157 345		1,158 345
						4,910		4,913
	TOTAL FUNDS					202,077	(7,531)	194,546
	Net movement in funds,		included		in the above are as follows;
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					E	6	6	6
	Unrestricted	funds
	General fund				63,366	(66,198)	(4,702)	(7,534)
	Restricted funds
	Holland Bursary
	M D Nussey	Bursary
	TOTAL FUNDS				63,369	(66,198)	(4,702)	(7,531)

						Net
					At	movement	At
					1/11/18	in funds	31/10/19
					8	6	8
Unrestricted	funds
General fund					194,001	3,166	197,167
Restricted funds
Lady Giles Bursary					622		622
Hargreaves	Bursary				388		389
Holland Bursary					1,568		1,569
Mary Porter	Bursary				547		548
Myrtle Harris	Bursary				279		280
M D Nussey	Bursary				1,156		1,157
E M Munson	Bursary				345		345
					4,905		4,910
TOTAL FUNDS					198,906	3,171	202,077
Comparative	net movement	in funds,	included	in the above are as follows
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E		6	6
Unrestricted	funds
General fund				97,369	(101,524)	7,321	3,166
Restricted funds
Hargreaves	Bursary
Holland Bursary
Mary Porter	Bursary
Myrtle Harris	Bursary
M D Nussey	Bursary
TOTAL FUNDS				97,374	(101,524)	7,321	3,171

A current year 12months and prior year 12 m	onths combined position is as follo	ws:
		Net
	At	movement	At
	1/11/18	in funds	31/10/20
		6	6
Unrestricted funds
General fund	194,001	(4,368)	189,633
Restricted funds
Lady Giles Bursary Hargreaves Bursary Holland Bursary Mary Porter Bursary Myrtle Harris Bursary M D Nussey Bursary E M Munson Bursary	622 388 1,568 547 279 1,156 345		622 389 1,571 548 280 1,158 345
	4,905		4,913
TOTAL FUNDS	198,906	(4,360)	194,546

A current ye as follows:	ar 12 months and prior	year 12 months combined n	et movement in f	unds, included i	n the above a
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E		6
Unrestricted	funds
General fund		160,735	(167,722)	2,619	(4,368)
Restricted funds
Hargreaves	Bursary
Holland Bursary
Mary Porter	Bursary
Myrtle Harris	Bursary
M D Nussey	Bursary
TOTAL FUNDS		160,743	(167,722)	2,619	(4,360)

	for the Year Ended 31	October 2020
		2020	2019
		6	6
INCOME AND ENDOWMENTS
Donations and legacies
Affiliation fees		38,223	44,582
Donations		59	81
		38,282	44,663
Other trading activities
Trading Income		2,918	3,425
Members Advisory Income		513	1,444
Board ofTrustees Income		1,546	8,466
Take a Chance Club Income		920	1,090
Wl News Income		204	194
Creatwe, Craft, Sports & Leisure		292	2,153
Public Affairs Income			4,771
Sundry Income and Reimbursements		2,018	4,808
Lincolnshire Show Income			10,679
		8,411	37,030
Investment income
Deposit account interest		349	335
Investment income		2,684	2,827
		3,033	3,162
Charitable activities
Annual meeting		4,738	7,661
Council meeting income		3,949	4,684
Federation Denman income		222	174
		8,909	12,519
Other income
COVID grant		4,250
CJRS income		484
		4,734
Total incoming resources		63,369	97,374
EXPENDITURE
Other trading activities
Affiliation fees —NFWI		20,775	24,233
Public affairs expenses			3,319
Creative, Craft, Sports & Leisure		1,244	1,258
Members Advisory Events Costs		459	237
Board ofTrustees expenditure		633	5,384
Trading expenditure		5,024	3,057
Lincolnshire show costs			6,918
		28,135	44,406
Investment management	costs
Portfolio management		1,555	1,626

		for the Year Ended 31 Octo	ber 2020
			2020	2019f
Investment management		costs
Charitable activities
Trustees' expenses Salaries 8 pension costs Insurance Telephone Postage and stationery Sunddies			460 15,799 1,003 1,007 3,913 305	822 20,987 932 1,008 7,319 153
Office rent Repairs and renewals Oflice machine maintenance			8,485 449 45	8,500 581 35
Annual meeting Counixl meeting costs Federation Denman costs			2,411 455	5,713 3,442 455
Delegates and representatives expenses Training costs				2,410 988
Wages admin			275	275
Fixtures and fittings			224	264
Computer equipment			177	208
			35,008	54,092
Supportcosts
Governance costs
Auditors' remuneration			1,500	1,400
Total resources expended			66,198	101,524
Net expenditure before	gains and losses		(2,829)	(4,150)
Realised recognised gains and losses
Realised gains/(losses)	on	fixed asset
investments			(4,702)	7,321
Net (expenditure)/income			(7,531)	3,171