**REGISTERED CHARITY NUMBER: 506268** ## **Report of the Trustees and** **Unaudited Financial Statements** **for the Year Ended 31 October 2025** **for Lincolnshire South Federation of Women's Institutes** Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ **Lincolnshire South Federation of Women's Institutes** ## **Contents of the Financial Statements for the Year Ended 31 October 2025** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**|2|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**||9|| |**Notes to the Financial Statements**|10|to|16| |**Detailed Statement of Financial Activities**|17|to|18| **Lincolnshire South Federation of Women's Institutes** **Reference and Administrative Details for the Year Ended 31 October 2025** |**TRUSTEES**|Ms P BLANKLEY Trustee| |---|---| ||Mrs S BROTHERHOOD Trustee (resigned 31.3.25)| ||Mrs S COATES Trustee| ||Mrs J JUKES Trustee| ||Mrs K ORANGE Trustee - Federation Chair (resigned 1.9.25)| ||Mrs E MANTLE Trustee - Federation Treasurer| ||Mrs L READ Trustee - Interim Federation Chair| ||Mrs S SANG Trustee| ||Mrs D SIDDLE Trustee| ||Mrs R SNEATH Trustee| |**PRINCIPAL ADDRESS**|WI Office,| ||Pattinson House, Oak Road| ||East Road Trading Estate| ||Sleaford| ||Lincolnshire| ||NG34 7EQ| |**REGISTERED CHARITY NUMBER**|506268| |**INDEPENDENT EXAMINER**|Wright Vigar Limited| ||Chartered Accountants & Business Advisers| ||Northgate House| ||Northgate| ||Sleaford| ||Lincolnshire| ||NG34 7BZ| |**SOLICITORS**|The Ringrose Law Group| ||Endeavour House, Gilbert Drive, Boston| ||PE21 7TR| Page 1 **Lincolnshire South Federation of Women's Institutes** ## **Report of the Trustees for the Year Ended 31 October 2025** The trustees present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** In line with the Charitable Objects of the National Federation of Women's Institutes (NFWI), these are: 1. To advance the education of women and girls for the public benefit in all areas, including political and social issues, cultural subjects such as music and drama, areas of interest such as agriculture, crafts, home economics, science, and health. 2. To promote sustainable development which meets the needs of future generations without compromising those of the present by educating people in the conservation of the environment and the responsible use of natural resources and promoting sustainable economic growth. 3. To advance public health. 4. To advance public citizenship by promoting civic responsibility and volunteering. ## **Public benefit** The charity aims to fulfil the aims and objectives of the Women's Institute organisation. The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Report of the Board of Trustees** The Board of Trustees met for 11 Board Meetings this year, with an additional Extraordinary Meeting following the sudden resignation of Chair, Tina Orange, in September; Louise Read was elected as interim Chair until the Annual Meeting in March 2026. Trustee Sue Brotherhood stood down from the Board at the Annual Meeting in March 2025, following several years of dedication and hard work. Board meetings have continued in the pattern of in-person meetings every third month, and virtual meetings held over Zoom in the intervening months to help minimise expenses. The Sub-Committees have continued to arrange a variety of events for the membership throughout the year, details of which are within their own reports. During the last year, the Chair and Trustees have attended neighbouring Federation Annual Meetings which provide a great opportunity to network and share ideas with Trustees from other Federations. Officers of the Federation, or their representatives, have attended the National Council meetings throughout the year, meeting on Zoom with NFWI Board members, NFWI staff, and officers of all other Federations, to discuss ongoing plans for the WI within the theme of 'Growing for the Future'. The Federation Annual Meeting was held on the 26th of March 2025 at Springfields Conference Centre, Spalding. Numbers were slightly down on previous years, with over 200 members in attendance. Speakers for the day were Dr Tim Wreghitt OBE with his talk "Making a Stand for Chelsea", and Sally Smith with her talk "Magnificent Women and Flying Machines: the first 200 years of British Women in the sky" both of whom were very well received. The NFWI Annual Meeting was held virtually this year on the 4th of June, with the live streamed event from the NFWI Offices in London. Delegates, Federation representatives, and observers joined over Zoom, with several WIs in our Federation holding their own watch parties. Our main fundraising event of the year was our attendance at the Lincolnshire Agricultural Society Show at the Lincolnshire Showground on the 18th and 19th June 2025. The kitchen was non-stop in its production of refreshments over the two days, and the theme "Celebrating 70 years of Disneyland" provided lots of challenges and inspiration for the competition entries. Engagement across the Federation, both with competition entries and volunteers to help on the day, was lower than previous years. The hard work put in by the Board of Trustees in the lead up to the Show, and at the event itself, ensured that it was still a success. The latter part of the year has been focused on Trustee Recruitment, as half of the current Board are due to step down at the end of their term of office in March 2026; action which will continue over the forthcoming months. Unfortunately, two WIs have suspended in the last year, however Metheringham WI was successfully reformed, which means we have 50 WIs in the Federation. Current membership stands at 1656, of which 52 are multi members. Louise Read - Federation Chair Page 2 **Lincolnshire South Federation of Women's Institutes** ## **Report of the Trustees for the Year Ended 31 October 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Report of the Members Advisory Committee** The Membership Advisory Committee began the year with six members: two WI Advisers, three WI Advisers in training and one ex-officio trustee. Chair of the Membership Advisory committee, Marilyn Hood, stepped down in December 2024, with Liz McIntosh taking on the role of Chair from January 2025. The Membership Advisory Committee met on seven occasions during the year, both in person and on Zoom. Four informal coffee and chat sessions for members were organised in garden centres across the federation area. A successful Speakers' Corner event was held, introducing new speakers to the federation, and another is planned for the coming year. The WI Advisers were also present at the Lincolnshire County Show. Metheringham WI, which was suspended in 2023, was reformed and is thriving. Two WIs have been suspended. WI Advisers have taken part in the online WI Adviser networking sessions, held throughout the year and hosted by NFWI. The trainee WI Advisers have now completed their training and have taken on varied aspects of the role. The WI Advisers will continue to encourage and offer support to all WIs. Liz McIntosh - MAC Chair Page 3 **Lincolnshire South Federation of Women's** **Institutes** ## **Report of the Trustees for the Year Ended 31 October 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Report of the Public Affairs & Education Committee** Continuing the recent theme of religious visits, members enjoyed visiting the first purpose built Serbian Church in England, the Serbian Orthodox Church of the Holy Prince Lazar in Bourneville, Birmingham. Father Nenad greeted WI members & friends and took them on a tour of this beautiful church known for its richly decorated frescos, holy relics, and fascinating history. This was followed by a journey through Cadbury World. Belton Park Golf Club was the venue for the Campaign Discussion Day and ladies' lunch. Forty-eight members and a guest joined together for a festive gathering on the 4th of December 2024. After the chosen resolution was declared at the 2024 National Annual Meeting - Dental Health Matters, federations were asked to deliver to the members information regarding the current position of NHS dentistry in their county, with ideas on how members could address the problemand help raise the profile of the issues affecting many families in the UK. Peter Butcher from the Maltings Dental Practice in Grantham was invited to discuss the issues facing the people in Lincolnshire and NHS dentistry. Following a festive lunch members & guests were treated to a very interesting talk by Denise Aitken who has been a volunteer since 2011 at both the Olympic and Commonwealth Games. Denise is an avid fund raiser for Rethink Mental Illness and at the conclusion of the day those present donated £54 to the charity. The Village Hall in Cranwell welcomed fifty-one members & trustees on Friday 17th January 2025, PA&E's first meeting for this year. The day was held to present and discuss the four resolutions shortlisted for this year before a decision is made at the NFWI Annual Meeting in June. It was a day of lively discussion, sharing of personal experiences and information. Everyone agreed that it had been a very informative & worthwhile day and left for home with more information on how the WI could campaign on the resolutions. Unfortunately, we had to cancel the luncheon in March at Hill Holt Wood due to the lack of members wishing to go to this event. The talk would have been by Canine Partners - Future Amazing Dogs: Transforming Lives. On Tuesday 20th May a coach full of members & friends departed early morning for a visit to BAPS Shri Swaminarayan Mandir, a Hindu Temple in Neasden, North-West London. As the coach pulled up to the magnificent building you could hear the wows of appreciation. A representative of the temple met the group, gave a short introduction to the temple and explained the itinerary for the visit. The permanent exhibition: 'Understanding Hinduism', provided an insight into the origin, beliefs, and values of the faith by using 3D displays, and traditional craftwork. The group then took part in the awe-inspiring experience of the Arti ceremony - an ancient Hindu offering. The visit was concluded with an authentic taste of India comprising of a meal at the delightful Shayona restaurant. Analiza Jones was our guest speaker at the Ladies Lunch in July held at Burghley Park Golf Club. She told us the story behind the making of Handwoven bags from the Philippines made by family members. It was with great disappointment that another event in September - a trip to Newmarket for a visit to the Newmarket National Stud & Horseracing Museum - had to be cancelled due to lack of interest from members. On Wednesday 26th October, fifty-seven members & guests visited the National Memorial Arboretum in Staffordshire. Met off the coach by a staff member, the group was immediately directed to the Millennium Chapel of Peace & Forgiveness for the Daily Act of Remembrance, the Last Post, the 2-minute silence at 11am and the Reveille. This was followed by a welcome talk explaining about the Arboretum, how it came about, who looks after it and what to look for. Lunch was included in the Founders Room before a trip around the site on the land train to see many of the memorials and the preparations for this year's 11th November Service. Thank you to the members of the Public Affairs & Education Committee, for all their help at the events, as well as taking the lead in organising some of them. Without that support we would be unable to offer a range of events throughout the year. Shelagh Coates - Public Affairs & Education Chair Page 4 **Lincolnshire South Federation of Women's Institutes** ## **Report of the Trustees for the Year Ended 31 October 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Report of the Activities Committee** The Activities Sub Committee have spent the year organising craft sessions, quizzes and visits. The committee aims to organize events that members will find interesting and give them the chance to do something that they might not do on their own or with their own WI. The most important factor for all these events is friendship and socializing with members from other WIs other than their own. Three quizzes were organized but the quiz in February was cancelled due to lack of support. This is a difficult time of the year for members to be out and about. However, the quizzes at Ropsley and Rippingale were very well supported, and many thanks go to our trustees for their support and to Elizabeth Mantle for providing the questions. Meals were provided at the quizzes, either lunch, afternoon tea or supper, and these always go down well. Thank you to the trustees and committee members who did the catering. There were several craft sessions during the year, two of which were at the Sleaford office: one was a Fused Glass workshop and the other a Copper Beating workshop. All attendees ended up with an example of the craft which they took home. The other craft event was at Cranwell Village Hall on a rainy day in July and was called 'Christmas in July'. The various crafts on offer were fabric baubles and pop-up Christmas cards, beaded snowflake baubles, willow weaving decorations, decoupage bottles and tabletop Christmas trees. Most members went home with several items and said how much they had enjoyed the day, especially the Christmas music! In September, there was a self-drive visit to Skegness RNLI station. The support staff gave a tour of the lifeboat station and explained about the two lifeboats which go out regularly to attend to anyone who needs help on the water. The RNLI do a marvellous job, and everyone thoroughly enjoyed the talk which was followed up with a trip to Eptons Restaurant for a fish and chip lunch. Everyone had a lovely day; the weather was sunny and even the tide was in. As always, none of this would have been possible without our wonderful Activities Committee, grateful thanks for all their hard work. Lincolnshire South is a large area, and it is sometimes difficult to accommodate all members from every part of the federation. The aim is to ensure that venues around the federation for quizzes, workshops and coach pick-ups are rotated so that nobody feels left out. There are several events in the pipeline for the coming year and the Activities Committee looks forward to welcoming members to these future events. ## Susan Sang - Activities Chair ## **Overall Conclusion on the Year** All activities organised by the Board of Trustees, and their sub-committees have fulfilled the remit set out in our Constitution. Changes to the Constitution were approved at the Companies Act Meeting prior to the NFWI Annual Meeting in June, which will have an impact on the future of the Federation and how it is run. Moving forward, encouraging the recruitment and retention of Trustees to the Board, and members to the Officer roles within each of our WIs, must be one of the main priorities to ensure the future of the Federation and all the WIs within it. Engagement and connection of all members with each other and with the Board of Trustees is something that we will continue to work on. To do this, we will continue to offer the best variety of events and activities to encourage more member participation and help increase our fundraising opportunities, whilst helping provide value for money to all our members, as costs continue to rise. With our newly qualified Advisers working alongside the Board of Trustees, we aim to develop excellent lines of communication within our Federation, and to provide the relevant support to all. ## Louise Read - Federation Chair ## **FINANCIAL REVIEW** ## **Reserves policy** The Federation maintains financial reserves to allow it to continue work in connection with the promotion of the interests of women (as specified by the Federation Constitution) in the event of any unforeseen disruption to its income streams. The Trustees monitor this to ensure sufficient reserves are held and review the Reserve Policy annually. At the year end available reserves were £203,009 (2024:£195,884). Board of Trustees discussions on the current status of the federation finances and the efforts to maintain them versus the falling membership numbers able to benefit from them has led to the decision to actively reduce the money held by subsidising events for members and this subsidy will generally run at 10% of the ticket price. ## Elizabeth Mantle - Federation Treasurer ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The governing document for the charity is the Model Constitution and Rules for County Federation of Women's Institutes. This is lodged with The Charity Commission. Page 5 **Lincolnshire South Federation of Women's Institutes** ## **Report of the Trustees for the Year Ended 31 October 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on ............................................. and signed on its behalf by: 03/02/2026 Louise Read (Feb 3, 2026 09:38:27 GMT) ........................................................................ Mrs L READ - Trustee Page 6 **Independent Examiner's Report to the Trustees of Lincolnshire South Federation of Women's Institutes** ## **Independent examiner's report to the trustees of Lincolnshire South Federation of Women's Institutes** I report to the charity trustees on my examination of the accounts of Lincolnshire South Federation of Women's Institutes (the Trust) for the year ended 31 October 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust 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. ## James Sewell James Sewell (Feb 3, 2026 10:53:07 GMT) James Sewell BA(Hons) FCA CTA Wright Vigar Limited Chartered Accountants & Business Advisers Northgate House Northgate Sleaford Lincolnshire NG34 7BZ 03/02/2026 Date: ............................................. Page 7 **Lincolnshire South Federation of Women's Institutes** ## **Statement of Financial Activities for the Year Ended 31 October 2025** |**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS**
**FROM**
Donations and legacies
41,895
**Charitable activities**
Supporting WI Branches
3,873
Other trading activities
2
33,810
Investment income
3
2,068
**Total**
81,646
**EXPENDITURE ON**
Raising funds
4
48,869
**Charitable activities**
Supporting WI Branches
36,133
**Total**
85,002
Net gains on investments
10,545
**NET INCOME/(EXPENDITURE)**
7,189
**RECONCILIATION OF FUNDS**
Total funds brought forward
190,789
**TOTAL FUNDS CARRIED**
**FORWARD**
197,978|**Restricted**
**Endowment**
**funds**
**fund**
**£**
**£**
2
-
-
-
(183)
-
117
-
(64)
-
-
-
-
-
-
-
-
-
(64)
-
5,095
-
5,031
-|**2025**
**Total**
**funds**
**£**
41,897
3,873
33,627
2,185
81,582
48,869
36,133
85,002
10,545
7,125
195,884
203,009|**2024**
**Total**
**funds**
**£**
47,624
8,459
19,950
611| |---|---|---|---| ||||76,644| ||||40,761
41,058| ||||81,819| ||||13,241| ||||8,066
187,818| ||||195,884| The notes form part of these financial statements Page 8 **Lincolnshire South Federation of Women's Institutes** ## **Balance Sheet** ## **31 October 2025** |**Unrestricted**
**fund**
**Notes**
**£**
**FIXED ASSETS**
Tangible assets
7
1,009
Investments
8
113,829
114,838
**CURRENT ASSETS**
Stocks
9
267
Debtors
10
1,900
Cash at bank and in hand
83,573
85,740
**CREDITORS**
Amounts falling due within one
year
11
(2,600)
**NET CURRENT ASSETS**
83,140
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
197,978
**NET ASSETS**
197,978
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Restricted**
**Endowment**
**funds**
**fund**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
5,031
-
5,031
-
-
-
5,031
-
5,031
-
5,031
-|**2025**
**Total**
**funds**
**£**
1,009
113,829
114,838
267
1,900
88,604
90,771
(2,600)
88,171
203,009
203,009
197,978
5,031
203,009|**2024**
**Total**
**funds**
**£**
1,186
103,921| |---|---|---|---| ||||105,107
291
1,908
91,038| ||||93,237
(2,460)| ||||90,777| ||||195,884| ||||195,884| ||||190,789
5,095| ||||195,884| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 03/02/2026 ............................................. Louise Read (Feb 3, 2026 09:38:27 GMT) Mrs L READ - Trustee ............................................. Mrs E MANTLE - Trustee The notes form part of these financial statements Page 9 **Lincolnshire South Federation of Women's Institutes** ## **Notes to the Financial Statements for the Year Ended 31 October 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 15% on reducing balance Computer equipment - 15% on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can be used only for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** |Trading Income
Members Advisory Committee income
Board of Trustees Income
Take a Chance Club Income
Activities Committee income
Public Affairs and Education Committee income
Lincolnshire Show Income|**2025**
**£**
1,618
714
4,402
455
4,437
9,841
12,160
33,627|**2024**
**£**
3,974
429
1,600
816
4,348
8,783
-| |---|---|---| |||19,950| Page 10 continued... **Lincolnshire South Federation of Women's Institutes** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 October 2025** ## **3. INVESTMENT INCOME** |**3.**|**INVESTMENT INCOME**|||| |---|---|---|---|---| |||**2025**|**2024**|| |||**£**|**£**|| ||Deposit account interest|1,212||134| ||Investment income|973||477| |||2,185||611| |**4.**|**RAISING FUNDS**|||| ||**Raising donations and legacies**|||| |||**2025**|**2024**|| |||**£**|**£**|| ||Support costs|2,900||-| ||**Investment management costs**|||| |||**2025**|**2024**|| |||**£**|**£**|| ||Portfolio management|1,617|1,396|| ||Aggregate amounts|48,869|40,761|| **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024. ## **Trustees' expenses** ||**Trustees' expenses**||| |---|---|---|---| |||**2025**|**2024**| |||**£**|**£**| ||Trustees' expenses|527|534| |**6.**|**STAFF COSTS**||| ||The average monthly number of employees during the year was as follows:||| |||**2025**|**2024**| ||Administration|2|2| No employees received emoluments in excess of £60,000. Page 11 continued... **Lincolnshire South Federation of Women's Institutes** ## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025** ## **7. TANGIBLE FIXED ASSETS** |**Fixtures**
**and**
**Computer**
**fittings**
**equipment**
**£**
**£**
**COST**
At 1 November 2024 and 31 October 2025
7,732
2,824
**DEPRECIATION**
At 1 November 2024
7,068
2,302
Charge for year
99
78
At 31 October 2025
7,167
2,380
**NET BOOK VALUE**
At 31 October 2025
565
444
At 31 October 2024
664
522
**8.**
**FIXED ASSET INVESTMENTS**
**Cash and**
**Listed**
**settlements**
**investments**
**pending**
**£**
**£**
**MARKET VALUE**
At 1 November 2024
101,514
2,407
Additions
27,681
-
Disposals
(25,795)
-
Revaluations
8,658
(636)
At 31 October 2025
112,058
1,771
**NET BOOK VALUE**
At 31 October 2025
112,058
1,771
At 31 October 2024
101,514
2,407
There were no investment assets outside the UK.
Cost or valuation at 31 October 2025 is represented by:|**Totals**
**£**
10,556
9,370
177
9,547
1,009
1,186
**Totals**
**£**
103,921
27,681
(25,795)
8,022
113,829
113,829
103,921| |---|---| ||||**Cash and**|| |---|---|---|---|---| |||**Listed**|**settlements**|| |||**investments**|**pending**|**Totals**| |||**£**|**£**|**£**| |Valuation in|2021|11,188|8,485|19,673| |Valuation in|2022|(12,867)|4,693|(8,174)| |Valuation in|2023|(1,756)|(657)|(2,413)| |Valuation in|2024|10,805|(910)|9,895| |Valuation in|2025|10,544|(636)|9,908| |Cost||94,144|(9,204)|84,940| |||112,058|1,771|113,829| Page 12 continued... **Lincolnshire South Federation of Women's Institutes** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 October 2025** ## **9. STOCKS** |Stocks
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments and accrued income
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Lady Giles Bursary
Hargreaves Bursary
Holland Bursary
Mary Porter Bursary
Myrtle Harris Bursary
M D Nussey Bursary
E M Munson Bursary
**TOTAL FUNDS**|**2025**
**£**
267
**2025**
**£**
-
1,900
1,900
**2025**
**£**
2,600
**Net**
**At**
**movement**
**1.11.24**
**in funds**
**£**
**£**
190,789
7,189
645
15
403
10
1,629
38
569
13
290
(176)
1,201
28
358
8
5,095
(64)
195,884
7,125|**2024**
**£**
291
**2024**
**£**
8
1,900
1,908
**2024**
**£**
2,460
**At**
**31.10.25**
**£**
197,978
660
413
1,667
582
114
1,229
366|**2024**
**£**
291| |---|---|---|---| ||||**2024**
**£**
8
1,900| ||||1,908| ||||**2024**
**£**
2,460| |||5,031|| |||203,009|| Net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Resources**|**Gains and**|**Movement**| |---|---|---|---|---|---| ||**resources**|**expended**||**losses**|**in funds**| ||**£**|**£**||**£**|**£**| |**Unrestricted funds**|||||| |General fund|81,646|(85,002)||10,545|7,189| |**Restricted funds**|||||| |Lady Giles Bursary|15||-|-|15| |Hargreaves Bursary|10||-|-|10| |Holland Bursary|38||-|-|38| |Mary Porter Bursary|13||-|-|13| |Myrtle Harris Bursary|(176)||-|-|(176)| |M D Nussey Bursary|28||-|-|28| |E M Munson Bursary|8||-|-|8| ||(64)||-|-|(64)| |**TOTAL FUNDS**|81,582|(85,002)||10,545|7,125| Page 13 continued... **Lincolnshire South Federation of Women's** **Institutes** ## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025** ## **12. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||||**Net**||| |---|---|---|---|---|---|---| ||||**At**|**movement**|**At**|| ||||**1.11.23**|**in funds**|**31.10.24**|| ||||**£**|**£**|**£**|| |**Unrestricted funds**||||||| |General fund|||182,847|7,942|190,789|| |**Restricted funds**||||||| |Lady Giles Bursary|||629|16||645| |Hargreaves Bursary|||394|9||403| |Holland Bursary|||1,589|40|1,629|| |Mary Porter Bursary|||555|14||569| |Myrtle Harris Bursary|||283|7||290| |M D Nussey Bursary|||1,172|29|1,201|| |E M Munson Bursary|||349|9||358| ||||4,971|124|5,095|| |**TOTAL FUNDS**|||187,818|8,066|195,884|| |Comparative net movement in funds, included in the above are as follows:||||||| ||**Incoming**||**Resources**|**Gains and**|**Movement**|| ||**resources**||**expended**|**losses**|**in funds**|| ||**£**||**£**|**£**|**£**|| |**Unrestricted funds**||||||| |General fund|76,520||(81,819)|13,241|7,942|| |**Restricted funds**||||||| |Lady Giles Bursary||16|-|-||16| |Hargreaves Bursary||9|-|-||9| |Holland Bursary||40|-|-||40| |Mary Porter Bursary||14|-|-||14| |Myrtle Harris Bursary||7|-|-||7| |M D Nussey Bursary||29|-|-||29| |E M Munson Bursary||9|-|-||9| |||124|-|-||124| |**TOTAL FUNDS**|76,644||(81,819)|13,241|8,066|| Page 14 continued... **Lincolnshire South Federation of Women's Institutes** ## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025** ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Lady Giles Bursary
Hargreaves Bursary
Holland Bursary
Mary Porter Bursary
Myrtle Harris Bursary
M D Nussey Bursary
E M Munson Bursary
**TOTAL FUNDS**|**Net**
**At**
**movement**
**1.11.23**
**in funds**
**£**
**£**
182,847
15,131
629
31
394
19
1,589
78
555
27
283
(169)
1,172
57
349
17
4,971
60
187,818
15,191|**At**
**31.10.25**
**£**
197,978
660
413
1,667
582
114
1,229
366| |---|---|---| |||5,031| |||203,009| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Resources**|**Gains and**|**Movement**| |---|---|---|---|---|---| ||**resources**|**expended**||**losses**|**in funds**| ||**£**|**£**||**£**|**£**| |**Unrestricted funds**|||||| |General fund|158,166|(166,821)||23,786|15,131| |**Restricted funds**|||||| |Lady Giles Bursary|31||-|-|31| |Hargreaves Bursary|19||-|-|19| |Holland Bursary|78||-|-|78| |Mary Porter Bursary|27||-|-|27| |Myrtle Harris Bursary|(169)||-|-|(169)| |M D Nussey Bursary|57||-|-|57| |E M Munson Bursary|17||-|-|17| ||60||-|-|60| |**TOTAL FUNDS**|158,226|(166,821)||23,786|15,191| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 October 2025. Page 15 continued... **Lincolnshire South Federation of Women's Institutes** ## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025** ## **14. RESTRICTED FUNDS** ## **Lady Giles Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for educational and training purposes for Cowbridge WI members only. ## **Hargreaves Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for educational and training purposes for Fenside WI members only. ## **Holland Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for educational and training purposes. This fund is open to all members. ## **Mary Porter Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for Denman courses for members. ## **Myrtle Harris Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for the Lincolnshire Show prize for embroidery class. ## **M D Nussey Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for educational and training courses at Denman college for any member who has not previously attended. ## **E M Munson Bursary** The fund has arisen from income generated from the bursary donated to the charity. The fund is restricted to being used for educational and training purposes and for the following institutes: 1st year - Long Sutton WI 2nd year - Old Leake WI 3rd year - Gedney Hill WI 4th year - Sutton St James WI 5th year - Any member from Lincolnshire South Federation of Womans Institutes Page 16 ## **Lincolnshire South Federation of Women's** ## **Institutes** ## **Detailed Statement of Financial Activities for the Year Ended 31 October 2025** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Affiliation fees|41,755|46,590| |Donations|142|1,034| ||41,897|47,624| |**Other trading activities**||| |Trading Income|1,618|3,974| |Members Advisory Committee income|714|429| |Board of Trustees Income|4,402|1,600| |Take a Chance Club Income|455|816| |Activities Committee income|4,437|4,348| |Public Affairs and Education Committee income|9,841|8,783| |Lincolnshire Show Income|12,160|-| ||33,627|19,950| |**Investment income**||| |Deposit account interest|1,212|134| |Investment income|973|477| ||2,185|611| |**Charitable activities**||| |Annual meeting|3,873|8,459| |**Total incoming resources**|81,582|76,644| |**EXPENDITURE**||| |**Other trading activities**||| |Affiliation fees - NFWI|18,764|21,437| |Public Affairs and Education expenses|8,685|7,350| |Activities Committee expenses|2,854|1,312| |Members Advisory Committee expenses|543|200| |Board of Trustees expenditure|7,418|7,737| |Trading expenditure|6,088|1,329| ||44,352|39,365| |**Investment management costs**||| |Portfolio management|1,617|1,396| |**Charitable activities**||| |Trustees' expenses|527|534| |Salaries & pension costs|22,258|20,684| |Insurance|968|1,002| |Telephone|983|947| |Postage, stationery and IT|630|2,426| |Sundries|-|1,100| |Office rent|7,600|7,600| |Repairs and renewals|83|180| |Council meeting costs|2,390|3,526| |Wages admin|366|360| |Carried forward|35,805|38,359| This page does not form part of the statutory financial statements Page 17 **Lincolnshire South Federation of Women's Institutes** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 31 October 2025**||| ||**2025**|**2024**| ||**£**|**£**| |**Charitable activities**||| |Brought forward|35,805|38,359| |Depreciation of tangible fixed assets|178|209| ||35,983|38,568| |**Support costs**||| |**Governance costs**||| |Auditors' remuneration|3,050|2,490| |Total resources expended|85,002|81,819| |**Net expenditure before gains and losses**|(3,420)|(5,175)| |**Realised recognised gains and losses**||| |Realised gains/(losses) on fixed asset||| |investments|10,545|13,241| |**Net income**|7,125|8,066| This page does not form part of the statutory financial statements Page 18