2024-12-31-accounts - Teesside Federation Of Women's Institutes

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

ee ee Charity Registration Number: 513932 ee tt wag

TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INDEX FOR THE YEAR ENDED 31 DECEMBER 2024

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	Pages
Trustees’ Annual Report	1 to 3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 12

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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The Trustees present their report together with the financial statements of the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the Accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.

Objects, Organisation and Activities

The main purposes of the Women’s Institute organisation are:

(a) To advance the education of women and girls for the public benefit in all areas including (without limitation):
(i) Local, national and international issues of political and social importance;
(ii) Music, drama and other cultural subjects; and
(iii) All branches of agriculture, crafts, home economics, science, health and social welfare;
(b) To promote sustainable development for the public benefit by:
(i) Educating people in the preservation, conservation and protection of the environment and the prudent use of natural resources; and
(ii) Promoting sustainable means of achieving economic growth and regeneration;
(c) To advance health for the public benefit; and
(d) To advance citizenship for the public benefit by the promotion of civic responsibility and volunteering. “Sustainable development” means development which meets the needs of the present generation without compromising the ability of future generations to meet their needs.

The Women’s Institute organisation seeks to give women the opportunity of working together through the Women’s Institute organisation in their communities, of developing their capacity and skills, and of putting into practice those ideals for which the Women’s Institute organisation stands.

Public benefit statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.

Achievements and Performance

An extremely busy year dominated by the need to move offices due to an issue with fire safety which also involved changing venues for several planned events.

January began with the Mindfulness Day in collaboration with My Core Wellbeing in Guisborough followed in February by International Day based on India held at Laurence Jackson School.

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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The darts was hotly contested and the two walking netball groups in Saltburn and Thornaby continue to thrive. The Axe throwing and quoits was run again hosted by the scouts and a Heritage Walk and talk around Grindon was greatly enjoyed.

A new jigsaw tournament was introduced which proved popular along with our two quizzes which encouraged 37 teams to take part. A further departure was a talk by a sex worker which proved very popular.

The Annual Council Meeting was held at The Trinity Centre in North Ormesby and featured speakers from a local charity and Billingham Town Crier. For the first time we used an outside caterer.

We held a very successful new members event but our attempt to start a new WI with a local coffee morning was less so.

Several workshops were held including pottery painting, an origami bag and the Christmas crafts.

The Annual Lunch was held at The Treebridge Hotel and our speaker was the author Jane Robinson. We also had a visit to Saltaire where Maria Glot gave a presentation on the real Titus Salt.

The highlight of the year was the visit to the AGM in The Albert Hall combined with a holiday hosted by a new coach company. The main speaker was Mel B but there were many other excellent speakers creating a memorable day.

Financial Review

The attached financial statements show the current state of the finances, which the Committee consider to be sound.

Unrestricted accumulated funds at the Balance Sheet date amount to £85,588 and will be used in the future by the organisation in the furtherance of its objectives.

Reserves are to be maintained at a level sufficient to meet six months’ overhead costs of the Federation. In the current and previous years the reserve levels were therefore satisfactory.

Structure, governance and management

Teesside Federation of Women’s Institutes was established on 20 April 1983 by the National Federation of Women’s Institutes, which is a company limited by guarantee (Number 2517690) and is registered with the Charity Commission Number 513932.

The Board of Trustees are elected biennially and appointments and co-options are made on an annual basis. The officers are elected from the elected members of the Board of Trustees. The Annual Meeting is held in late March/early April.

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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Charity Reference and Administrative Details

Charity registration number 513932

Trustees Patricia Bolton Chairman Lynn Mitchell Vice-chairman Tina Richardson Honorary Treasurer - From 23 March 2023 Debbie Baszynski Honorary Treasurer - Retired 23 March 2024 Ann Brown Assistant Treasurer Barbara Neal Diane Falla Christina Phillips Diane Patton Independent Examiner Trevor Cook FCA Baines Jewitt Limited Spitfire House 19 Falcon Court Preston Farm Industrial Estate Stockton on Tees TS18 3TU Bankers HSBC Albert Road Middlesbrough Address for correspondence WI Office 24 The Cadcam Business Centre High Force Road Riverside Park Industrial Estate Middlesbrough TS2 1RH

On behalf of the Board of Trustees

P A Bolton Chairman

Date: 1[st] March 2025

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

FOR THE YEAR ENDED 31 DECEMBER 2024

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I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 5 to 12.

Responsibilities and basis of report

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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

T COOK FCA Baines Jewitt Limited Chartered Accountants Spitfire House 19 Falcon Court Preston Farm Industrial Estate Stockton on Tees TS18 3TU

Date: 4[th] March 2025

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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Notes Incoming Resources Charitable activities 2 Activities to generate funds: Interest received Affiliation fees including insurance Donations 100 Club Sundry income Total Incoming Resources Resources Expended Charitable activities 3 Total Resources Expended Net Incoming/(Outgoing) Resources Before Transfers Gross Transfers Between Funds 11 Balance Brought Forward Balance Carried Forward	Unrestricted Funds 2024 2023 £ £ 43,608 47,098 2,623 2,148 10,004 9,625 1,447 167 352 - - 159 58,034 59,197 52,251 53,078 52,251 53,078 5,783 6,119 346 - 6,129 6,119 79,805 73,686 85,934 79,805	Restricted Funds 2024 2023 £ £ - - - - - - - - - - - 50 - 50 - - - - - 50 (346) - (346) 50 2,005 1,955 1,659 2,005	Total Funds 2024 2023 £ £ 43,608 47,098 2,623 2,148 10,004 9,625 1,447 167 352 - - 209
			58,034 59,247
			52,251 53,078
			52,251 53,078
			5,783 6,169 - -
			5,783 6,169 81,810 75,641
			87,593 81,810

All income and expenditure derive from continuing activities.

The annexed notes on page 7 to 12 form part of these financial statements

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

BALANCE SHEET AS AT 31 DECEMBER 2024

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2024 £ £ 243 258 1,759 8,000 19,451 63,916 93,384 6,034 87,350 87,593 85,934 1,659 87,593	2023 £ £ 717 306 623 8,000 17,622 61,595 88,146 7,053 81,093 81,810 79,805 2,005 81,810	2023 £ £ 717 306 623 8,000 17,622 61,595 88,146 7,053 81,093 81,810 79,805 2,005 81,810
93,384 6,034	88,146 7,053

		81,810
		79,805 2,005
		81,810

Approved by the Board of Trustees on 1[st] March 2025 and signed by:

P A Bolton Chairman

T Richardson Treasurer

The annexed notes on pages 7 to 12 form part of these financial statements

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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1. Summary of significant accounting policies

(a) General information and basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

(e) Stock

Stock is estimated at the lower of cost and net realisable value.

(f) Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computers 33% straight line

Office furniture and equipment 15% reducing balance

(g) Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

(h) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.

(i) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2. Charitable Activities - Income

haritable Activities - Income
AGM and Council Meetings Events and Opportunities Publications and Stationery Membership	Unrestricted 2024 2023 £ £ 23,512 1,822 19,468 44,437 593 739 35 100 43,608 47,098	Restricted 2024 2023 £ £ - - - - - - - - - -	Total 2024 2023 £ £ 23,512 1,822 19,468 44,437 593 739 35 100
			43,608 47,098

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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3. Charitable Activities - Expenditure

aritable Activities - Expenditure
AGM and Council Meetings Events and Opportunities Publications and Stationery Membership Administration and Governance Governance Costs Salaries and National Insurance Telephone and postage ACWW affiliation Rent and rates Accountancy 100 Club Office move Travelling expenses Office stationery Sundry expenses Insurance Depreciation Loss on disposal	Unrestricted 2024 2023 £ £ 22,876 1,356 11,179 34,780 321 411 126 180 17,749 16,351		Restricted 2024 2023 £ £ - - - - - - - - - - - - 2023 £ 7,641 637 37 4,668 1,440 - - 29 189 385 1,114 211 - 16,351	Total 2024 2023 £ £ 22,876 1,356 11,179 34,780 321 411 126 180 17,749 16,351
	52,251 53,078			52,251 53,078
		2024 £ 8,081 506 41 4,736 1,560 155 602 128 149 154 1,163 215 259 17,749

4. Staff Costs

The average number of employees throughout the year was: Staff costs during the year comprise: Salaries Pension	2024 No. 1 £ 7,846 235 ______ 8,081	2023 No. 1 £ 7,418 223 ______ 7,641

There were no employees who received total employee benefits of more than £60,000.

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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5. Independent examiners remuneration

The independent examiners remuneration amounts to an independent examination fee of £1,560 (2023: £1,440).

Fixed Assets

Net Book Value At 1 January 2024 Disposals Depreciation charge for year Net book value at 31 December 2024 Net book value at 31 December 2023 7. Stock Publications and stationery 8. Debtors Other debtors Prepayments 9. Creditors Trade creditors Accruals 10. Analysis of Net Assets Between Funds Fixed assets Cash at bank and on deposit Other net assets	Fixtures & Fittings £ 264 (259) - 5 264 Unrestricted £ 243 81,708 3,983 ______ 85,934	Computer Equipment £ 453 - (215) 238 453 2024 £ 258 2024 £ 840 919 _ 1,759 2024 £ 4,509 1,525 ___ 6,034 Restricted £ - 1,659 - ______ 1,659	Total £ 717 (259) (215) 243 717 2023 £ 306 2023 £ - 623 _ 623 2023 £ 5,564 1,489 ___ 7,053 Total £ 243 83,367 3,983 ______ 87,593

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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11. Statement of Funds

Unrestricted Funds: General Restricted Funds: Denman Travel Fund Hartburn WI Egglescliffe WI Yarm WI Nunthorpe WI Unrestricted Funds: General Restricted Funds: Denman Travel Fund Hartburn WI Egglescliffe WI Yarm WI Nunthorpe WI	As at 01.01.2024 £ 79,805 1,272 346 313 24 50 2,005 81,810 As at 01.01.2023 £ 73,686 1,272 346 313 24 - 1,955 75,641	Income £ 58,034 - - - - - - 58,034 Income £ 59,197 - - - - 50 50 59,247	Expenditure £ 52,251 - - - - - - 52,251 Expenditure £ 53,078 - - - - - - 53,078	Transfer Between Funds £ 346 - (346) - - - (346) - Transfer Between Funds £ - - - - - - -	As at 31.12.2024 £ 85,934
					1,272 - 313 24 50
					1,659
					87,593
					As at 31.12.2023 £ 79,805
					1,272 346 313 24 50
					2,005
					81,810

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TEESSIDE FEDERATION OF WOMEN’S INSTITUTES

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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Fund Descriptions
- a) Unrestricted Funds are general funds and they are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
- b) Restricted Funds are income funds which are to be used in accordance with the specific restrictions imposed by the donor.

Funds held in trust for Women’s Institutes which have closed are held in Teesside Federation’s bank account for a period of three years after which time, if the Women’s Institutes have not reformed, the funds are retained by the Teesside Federation.

13. Related Party Transactions

A total of £1,039 was reimbursed to 7 members of the Board of Trustees in the year. These payments were for costs incurred relating to events held. No member of the Board of Trustees has received or is due to receive any remuneration for the year

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