Chlrlty Regl$tritloll Number 101656 FEDERATIOY OF WOMEN'S INSTITUTES OF NORTHEILN IRELAND ITED FINANCIAL STATEMENT YEAR ENDED 31 AUGUST 2025 MB MCGRADY & CO CHARTERED ACCOUNTANTS SUITE 2B CADOGAN HOUSE 322 LISBURN ROAD BELFAST BT9 6GH TELEPHONE (028) 90316950
FEDERATION OF WOMEN'S IINSTITUTES OF NORTHERN IRELAND YEAR ENDED 31 AU UST 2025 Contents Page Charity lT]forniation Report of the Trustees 4-10 Independent Auditovs Report Statement of Financial Activities 16 Balance Sheet 17 Notes lo the Financial Statements Appendix A - Income from Special Undertakings 25 Appendix B - Jncome & Expenditure from Ulster Countrywoman Magazine 26
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND YEAR ENDED 31 AUGUST 2025 CHARITY REGISTRATION NUMBER 101656 CHAIRPERSON Mrs Brenda Richardson VICE CHAIRPERSON Mrs Rosemary McAllister HONORARY TREASURER Mrs Hazel Mckee TRUSTEES OF FEDERATION HOUSE Lady Anthony Hamilton Mrs Hilda Stewart REGISTERED OFFICE 2091211 Upper Lisbum Road Belfast BTIO OLL AUDITORS M.B. McGrady & Co Suite 2B Cadogan House 322 Lisburn Road Belfast BT9 6GH BANKERS Danske Bank Donegall Square West Belfasl BTI 6JS SOLicrroRS Diamond Heron Diamond House 7-19 Royal Avenue Belfast BTI IFB Pag¢ 3
FEDERATION OF WOMEN'S INSTIT TES OF NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present Iheir Report and the Auditcd Aceounts of the Federdtion for the year ctLdcd 31 August 2025. The financial statements, which have been prcpared under the historical cost convention, are in ac¢ordance with levant accounting standards, the Charities Act {Northem Ireland) 2008, and thc provisions of the Statement of Recommended Practice, "Accounting and Reporting for Charities" (FRS102). Reference and Administrative details can be found on page 3. The Trustees The following Trustees served during the financial year B Richardson (Chair) (Appointcd 2810312024) R McAllister {Vice Chair) {Appointcd 2810312024) S McRandal {TreasuTer) (Resigned 2710812025) H McKee {Treasurer} (Appointed 2510912025) R Farrelly {Appoinled 1010612021) T Feeney (Appointed 1010612021) R Carroll (Appointed IOJ0612021) A Elliott (Appointed 2810312024) A Hunter (Appointed 2810312024} E McKinty (Appointed 2810312024) V Little (Appointed 2810312018) (Appointed 2810312024) (Appointed 2810312018) (Appointed 2810312024) (Appointed 2810312024) (Deceased March 2025) (Appointed 1010612021} {Appointed 2810312024) (Appointed 1010612021) (Appointed 2810312024) (Appointed 2810312024) J Graham M Mccracken J Smyth J Wainwright J Kells C Rankin M Munro P Robinson M Gibson V Mcconnell Page 4
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and A¢tivitie$ The Federation's mission is.. "To unite in promoting any work which makes for the betlernicnt of our homes, and the development and improvement of rural and urban life through social and educational activities. The purpose of the Federation is to provide an organisation and structure to enable women to play an active and effective role in community life. This is achieved by offering opportunitics for lifelong leaming by encouraging participation in arts, harLdcrafts, home skills, leisure pursuits, sport and other activities. These objectives compLy with the Charities Act (Northern Ireland) 2008 legal requirement that all charities have purposes that are for the public benefit. Achievements and Performance Membership and Engagement During the year the Federation conttnued to slabilise membership numbers and encourage and engage new members. Two Council meetings were held: . Autumn Council Meeting- Mossley Mill, Newtownabbey, 26 October 2024. KeiTrote address delivered by author and broadcaster Dr Tony MacAulay. Annual General Meeting- Europa Hotel. Belfast, 27 March 2025. Attended by 241 members, with guest speaker Rebecca Edwards BEM. Olympic Champion Rower. Ai both events, Federation Sub-committees displayed their worL promoting the breadth of opportunities available to members. Arts . Festival of the Spoken Word - 19 October 2024, Templepatrick Presbyterian Church Hall. 63 entries across six classes (speech, storylelling, creative writing, poety, prose) . Annual Arts Festival 2nd Coffee Morning - 7 February 2025, Federation House. entries included painting, calligraphy, decoupage, and handwriting on the theme My Favourite Plaee. The judges commended the high standard of work. Drama Festival- l March 2025, Templepatstck Presbyterian Church. Five InStiteS participated in a well- received programme. Music Festlval 5 April 2025, Templepatrick. Nice choirs competed in seven classes. Page 5
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Balmoral The Federation participated in the 156th Balmoral Show, held at the Eikon Centre on 14th - 17th May. The Wl exhibition area showeased arts, crafis, and baking, providing valuable opportunities lo raise awaTene$5 and income. This event remains our second largest source of Federation income. generating revenue of £23.966. Home and Garden . City of Belfgst Autum Floiver Show- 14-15th September 2024, Botani¢ Gardens. The Wl won a rosette for best table set up, with 15 entries. Christmas Event- November 2024, Armagh City Hotel. Over 400 members attended, wilh demonstrations and a wide range of stalls. Young Farmer5 Clubs of Ulster- conlinu¢d support provided for home management ompetitions. Wl Against Climate Change Campaign - ongoing Federation-wide initiative. Homecraft Syllabu5 Judging - Occurred from October 2024 to March 2025. Approximately 234 items entered for revicw across a variety of crafts. Craft Classes Held in September and November 2024 at Federation House. - Approximately 36 participants attended. . Balmoral Show (May) Homecraft Committee managed a stall featuring handmade items (e.g. soft toys, blankets). Displays were well received by the public, highlighting members, tntricate craftsmanship and expertise. International . World Rural Women's Day/ AGM - 26 October 2024, Mossley Mill. Newtownabbey. Keynote address by Nadia. a Ukrainian refjjgee now living in Dungamion. Over 100 members attcnded. Members participated in Women Walk the World and raised fimds for ACWW projects. Magazlne and Leisure . Continued publication of The Ulster Countrywoman . approximately 15,000 copies per Competitions included the Fireside Quiz. Scrapbook, Phyllis Galley Literary, and the annual photographic competition (On its Own ) which achieved record entries. Sports evenls.. 17 areas competed in bowling finals, 18 teams in the qiiiz compelition and the Golfer of the Year was hosted at Greens Acres Golf CeT]tre, Ballyclare. Pagc 6
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Public Beneflt Statement Thc Trustecs confimi they have complied with the requirements of the Charities Act 2008 (Northern Ireland) to have due regard to the Charity Commission of Northeni Ireland's guidance on public benefit. All activities undertaken during the year were designed io further the Federation's charitable purposes and delivered clear public benefit through education. community engagement. and personal development opportunities for women woss Northcrn Ireland. Structure, Governonce and Management The Federation is comprised of125 institeS across 21 Areas, with Approximately 3,462 members. Each Institute operates in accordance with th¢ Federalion s Conslifi4tion and Rttles for WoineJY'S Jnslitules 2019. The council (Comprisiiig delegates from ¢a¢h institute) sets policy. Day-to-day athninistration is carried out by the Executive Committee, whose elected members serve as Trustees. The Federation is represented on the Women's Fonlln and is a member of NICVA. It maintains close lies with the Ulster Farn]er's Union and the Young Farrners, Clubs of Ulster. Training and induction are available to all Trustees. The Federation is also an active member of the Associated County Women of the World (ACWW), and international NGO with United Nations consultative status. An executive member will serve a three-year tenn and subject to their consent must be nominated by their Institute. They are eligible for re-election for a further terni of three years. They must attend an Executive Committee meeting, at Federntion House, on the last Thursday of every month excluding June. July and December or as necessary. Each Executive Member must serve on at least one Sub- Comrnittee and be available to attend its monthly meeting and support any relevant activities such as festivals and one4lay schools and they must support all Federation activities during their terrn of office as well as carrying out duties within their area. As the Federation is a charity registeied with the Northem Ireland Charity Commission, the Executive members are also the TNstees of the Federatson. Page 7
FEDEIL4TION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Financial Revfiew The Trustees have assessed the Federation's financial posilioii and future plans and consider that there are no material uncertainties regarding the Federation's abilily to continue as a going concern. The financial statements have therefore been prepared on going concern basis. The Trustees are confident that ihe Federation has adequate resources io meet its obligations and continue its charitable activities for the foreseeable future. Total incoming resources for the year ended 31 August 2025 were £170,195 (2024.. £163,966) Total expenditure was £129,823 {2024- £138,959) resulting in a net sUlUS of £40,372, compared with a surplus of £25,007 in the previous year. Reserves at 31 August 2025 stood at £357,520 (2024.. £315,570). Remuneration of Key Management The lotal remuneration paid to key management personnel during the year was £42,576. Key management personnel include the Executive Manager and other senior staff responsible for the day to day njnning of the Federation. Reserve Pollcy The trustees agree that Ihc clwity will maintain a minimum reSee of £1 00,IM)O, held within our designated investment accounts. to ensure fmaneial stability and coniinuity of our charitsbl¢ activities. This level of Teserve has been set to provide adequate protection against unforeseen financial pressures and to support the charity's abiltty to meet its ongoing commitments. The policy will be reviewed regularly lo ensure it remains appropriate to the charity's size, risk profile, and operational needs. Key Risks and Uncertainties Investments The volatility of investment markets presents a fllmncial risk. Thffts is mitigated through a diverse inveskn]ent portfolio managed by Raihboiies, a professiollaI investment finn. Regular reviews ensure the portfolio remains aligned with the Federation's financial objectives and risk ioleranee. Membership Thc Federation faces challenges due to an aging membershtp base. To address this, the meinbership fee was increased during the year to suppoit sustainability and eithan¢e services. The Federation continues to explore strategies lo attract and retain new rnembers. Page 8
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND REPORT OF THE TRUSTEES CONTIIYUED FOR THE YEAR ENDED 31 AUGUST 2025 Future Plans . Strategic Development- Supported by a £18,000 National Lottery grant, work commenced on a new member database, focus groups, and organisational developmenL Staffing- A new Execulive Manager was recruited in May 2025. The Treasurer resigned in August 2025 and a successor was appointed in September 2025. Incorporation - The Federation successfijlly became incorporated in March 2025. The propety will transfer from the TnteeS of Federation House to the newly fornied limited cornpany. Public Relations- A new PR Committec has becn eslablisbcd to strengthen ommwii¢ations and engagernent. Balmoral Show - Operntional review planned to maximise revenue and profile. Federatlon House - Application submitted for a £50,000 National Lottery Sustainability Grant to fund urgent maintenance and refurbishm¢nt. Campaigning- A renewed focus on advo¢a¢y, ensuring alignment with the Federation's strategic plan. Page 9
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Trustee$, Responsibilltles Statement The Trustees are responsible for preparing the Trnstees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to eharities in Northern treland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of $OUrceS of the charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP (FRS102); make judgements and estirnates that are reasonable and prudent; . state whether applicable accounting standards have been followed, subject to any depamjres disclosed and explained in the financial statements- and prepare the accounts on the going concern basis unless it As inappropriate to presum¢ that the charity will continue in business. Dlselosure of information to the auditors We. the truslees of the charity who held office at the date of approval of these Financial Stalemenls as set out above each confinn, so fat as we aTe aware that.. there is no relevant audit infomiation of which the charity's auditors are unaware. • we have taken all steps that we ought to have taken as Trnstees in order to make ourselves aware of any relevant audit inforniation and to establish that the charity's audilors are aware of that infonnation. Approved by the Trustees on 0411212025 and signed on their behalf by.. CHAIRPERSON Mrs Brenda Richardson TREASURER Mrs Hazel McKe¢ Page 10
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE EXECUTIVE COMMITTEE OF THE FEDERATION OF WOMEIY'S INSTITUTES OF NORTHERN IRELAND FOR THE YEAR ENDED 31 AUGUST 2025 Opinlon We have audited the financial statemenls of Federation of Women's Institutes of Northern Ireland for the year ended 31 August 2025 whieh Comprise the Statement of FiT]ancial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framewoik that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practs'ce}, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable to Ihe UK and Republic of Ireland. and Charilies SORP (FRS 102). In our opinion, the financial statements.. give a true and fair view of the state of the Federation's affairs as at 31 August 2025 and of its tncoming resources and application of resources. including its income and expenditur¢ for the year then ended. have been properly prepared in ac¢ordan¢e with the United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland} 2008. Basis for Opinion We conducted our audit in accordance with Intenutional Standards on Auditing (UK) {ISAs (UK}) and applicable law. Our responsibilities wider those standards are further des¢ribed in the Auditovs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have Ifilled our other ethical responsibilities in accordance with these requirernents. We believe that the audit eviden¢e we have obiained is sufficient and appropriate to provide a basis for our opinion. Con¢lu$ion$ relating to going concern In auditing the financial statements, we have con¢luded ihat the Trusiees, use of the going concern basis of accounting in the preparation of tbe ftnancial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the companls ability to continue as a going concem for a period of at least 12 months from when the financial slatem¢nts are authori5ed for issue. Page 11
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND INDEPENDET AUDITOR'S REPORT TO THE EXECUTIVE COMMITTEE OF THE FEDERA TION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Our responsibilities and the responsibilities of the Trustees with respect to going con¢ern are described in the relevant sections of this report. Other lThfonDation The other infonnation comprises the infomiation included in the Trustee's Report, other than the financial statements and our auditoes report thereon. The Trustees are responsible for the other infonnalion contained within the Trustees, Report. Our optnion on the financial statements does not cover the other information and, except to the extent otherwise explicitly slated in our report, we do not express any forn) of assurance conclusion thereon. In coiine¢tion with our audit of the financial statements, our responsibility is to read the other infonnalion and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements OT our knowledge obtained in the audit or oiherwi5c appears to be materially misstated. If we identify such material inconsistcncies or apparent material misstAtements, we are required to detennine whether this gives rise to a matcrial misstatement in the fmanctal statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in thi5 regard. Mstters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit. we have nol idelllified material mi5Stat¢ments in the Report of the Trustees. We have nothing to report in respect of the following matters where the Charities Act (Northern Ireland) 2008 requires us to report to you if, in our opinion-. the infonnation given in the Trusfre's Annual Report is inconsistent in any material respect with the financial the charity has not kept proper and adequate accounting records- or the financial statements are not in agreement with the accounting reeords and returns- or • we have not received all the inforniation and explanations we require for audit. Responsibilities of Trustees As explained more fully in the Trustee's Report (set out on page 3-10), the TteeS are responsible for the preparation of the financial statements and for being satisfied that they give a trne and fair view, and for such internal control as the Trustees. Page 12
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE EXECUTtVE COMMITTEE OF THE FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND CONTINUED FOR THE YEAR ENDED 31 AUCUST 2025 In preparing the financial statements, the Trustees are responsible for assessing the cbaritys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charib or to cease operntions, or have no realistic alternative but to do so. Our responsibilities for the audit of the fin4ncial statements Our objectives are to obtain reasonable assur]ce about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an autht conducted in accoTdan¢e with ISAS (UK) will always detect a material misslatemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finan¢i81 statements. Extent the audit was capable of detecting irregularities, ineluding fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedwes in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedure5 are capable of detecting irregularities, including fraud is detailed below.. In assessing and detecting irTegulariti¢s of non-cornpliance with laws and regulations we considered the following.. the matters discussed among the audit engagement team and any other relevant professionals regarding how and where fraud might occur in the financial statements and any potential indicatQTS of fraud. the nare of the environment and any laws and regulations applicable to the charity and the environment. the charity's own assessment of the risk of fraud and other irregulartties. charitys policies and procedures in relation to.. - how tbey identify and comply with all relevant laws and regulations and whether they are aware of any non-¢ompliance' how they detect and respond to risks of fraud and their knowledge of any actual, suspected or alleged fraud,. control environment within the charity and how this mitigates risks of fraud and instances of non-compliance with laws and regulations. Page 13
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE EXECUTIVE COMMITTEE OF THE FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 As a result of these Procedures, we considered the opporbjnities and incentives that May exist within the organisats'on for fraud and identified the greatest potential for fraud in relation to cash handling. In common with all audits under ISAS (UK), we are also required to perforni specific procedures lo respond to the risk of management oveTTide. In response to the risk of material misslalement through irregularities and non-compliance with laws and regulatioiis. we designed proccdure5 whi¢h included, but were not limited to.. ensuring the engagement team had the appropriate knowledge and expertise in order to be able to identify and recognise any instances of fraud or non-¢ompliance with laws and regulations. we idcntified the laws and regulations applicable to the company through discussions with directors and management and from our knowledge and experience of the sector. ensuring the audit was Caled out with 2 level of professional seepticism throughout. In response to the risk of irregularities and non-¢ompliance with laws and regulations, we designed proceduTes which included, but were not limited to.. enquiring of management concerns of actual and potential litigattoii and claims. agreeing the financial statement disclosures to underlying supporting documentation to assess compliance with relevani laws and regulations. reviewing correspondence with HMRC and other relevant regulatOT5, the companls legal advisors and nders. To address the risk of fraud through management bias and ovetride of controls, we: Verify the existence of employees. perforn) analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud,. obtain an understanding of provisions eg recoverability of debtors. test the appropTiaten¢ss of Journal entries and other adjustments. assess whether the judgements made in making accounting estimates are indicative of a potential bias,. and evaluate the business rationale of any significant transactions that are unusual or outside the nornjal course of business. We also communicatcd relevant identifLed laws and regulations and potential fraud risk to all engagement team Members and significant ¢omponent audit teams, and remained alert to any indications of fraud or noiiry¢ompliance with laws and regulations throughout the audit. Page 14
FEDEIL4TION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE EXECUTIVE COMMirrEE OF THE FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 There are inherent lirnitations in OUT audit pro¢¢dures d¢scribed above. The more removed that laws and regulalions are from financial transactions, the less likely it is tbat we would become aware of non-compliance. Auditing stsndards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise fro eTror as they may involve deliberdte concealment of collusion. A fL1]er description of our rcsponstbilitics for the audit of Ihc financial statements is located on the Finan¢ial Reporting Council's website at www.frc.org.uWaudilorsrepsonsibilities. This description forn]s part of our Report of the Authtors. Use of our report Thiq report is made solely to the charitys Tntstees, as a body, in aeCOTdanc¢ with Part 4 of the Charities Accounts and Reports Regulations (Northern treland) 2015. Our audit work has been undertaken so that we might state to the clwitys TNstees those matters we are required to state to them in an auditor's report and for no other puose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Trustees a5 a body. for our audit work, for this rewrt. or for the opinions we have fornied. Kim Rainey ( Senior Stydtutory Auditor) For and on behalf of M.B. McGrady & Co Suite 2B Cadogan House 322 Lisburn Road Belfast BT9 6GH Date.. 0411212025 Pag¢ 15
FEDERATI N OF WOMEN'S INSTITUT HERN IRELAND ST ATEMENT OF FINANCIAL ACTIVITIES R THE YEAR ENDED 31 AUGUST 2025 INCOME MLmber5hip Fee5 ColltribulioDS To Federotion Fu Gift Aid Grani Intomt lttcome From Federttion Aoiviij¢5.' IApprndTA IB) TDstituteConiribuiions fo kn5ui&rtce 782) 2<788 &279 60.789 9J07 7,646 19.720 S932 9.157 llle•Jlle Froth Irtv¢stmPDts'. Dividends And InteT¢51 On tnv¢stments Gairtl (Loss) Ih Disposal Of Inve51ments Gainl (Lossl Ott ReY&lu&lion Qf Inv¢strnents BJnk Deposit Intert 5.IlJ4 5,200 4.070 9.565 293 7,413 668 12,063 Income trom spec1 VJbdtrt#kJny Isurplusldetlth).. Arts Sufvcommittee 748 610 1,502 Homecrdft Flome and Garden 3,296 Mag87.In¢and LN5ureSub-Cthnmiiitt BaknoTal Show Statioknery W I Souvenirs 1,0 23.900 167 (Z841 226 22J53 57 16841 Cook 29ffj31 23.087 Council MeeÈitsg Retapts 22 1,267 Totgl VTrrome 17ffj195 163.966 Overhtad Eip¢TrJe¥ 67,821 3,916 li 9,IS7 2,687 557 2J24 2.689 9.757 IJ8 3,119 4448 2.532 RNitt Costs Grijund Rent 22 Kepaws And R¢Lwials WAiei Ratrs Lwhi And Heat Postage And Telephone Stationery & Offi¢e Exwses Substripti% Auditor's Remunoatt( General EX]nICS Cknning Execuiive & SU0mmitie¢ Trnvtl EKprn5E5 Lègal & Professional Fees tkpttciats Bad Debts Bank And InveMent Charges Council MttEing Ex[seS IProfityLosson Djsposil of Fixed Assets 3,123 2.853 2,824 9,082 258 2.970 1.584 2.389 8,332 1.578 4,169 6W 1,833 4214 A23 4,525 1.796 3,339 129823 40J72 138.959 25.007 Surplu51{DeficitTr Of AD¢omt Oytr Eipcndibjre Statemtnt Of CttserfLI Balance Brought FoNArd 301907 281,SYh) Add.. SurplusllDefieitl Of InwtR¢Ov¢r EKp¢nditurc BatsrtttCatri¢d F(yward 72 25.007 306.907 J47 The notej On Page5 18 Iv 26 form part of tbcse finanrialslalwnmts Page 16
FEDERATION OF WOLMEN'S INSTITUTES OF Tr40RTHERN IRELAND BALAf4CE SHEET FOR I'HE YEAR ENDED 31 AUGUST 2025 Note 2025 2024 Fixed Assets Tanble Assets Investments 93,118 174.540 267,658 97,409 164.730 262,139 41al Current Assets Stocks Debtors & Prepayments Cash at Bank and in hand 6.646 10,886 87,898 105,430 12,697 52,428 73.236 41bl Current Llabilities Due Within One Year Amounts owing to ACWW Charitie5 Creditors and Accruals 9909 5,659 15,568 14,581 5,224 I9,805 Net Current As$et$ 89,862 53.431 Net Asset5 357 520 3 15,570 Fin4nced by: Gen¢Tal Fund Special Fund5 347,279 306,907 8,663 315,570 12 357 520 APPROVED BY THE EXECUTIVE COMMITfE ON...0411212025... HAIRPERSON TREASURER The note5 on pa8es 18 to 26 form part of thes¢ r]nancial statements. Charity iegLStratiort number." 101656 Pagc 17
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Note I Accounting Policies The following accounting policies have b¢¢n used consistently in dealing with it¢rns which are considered material in relation to the Federation's financial sla¢ements:_ (a} Accountlng Convention Tl)e financial statements, which have been prepared under the historical cost convention, are in accordance witb ielevant accouuting Standards, the Charities Aci {Nort]iern Ireland) 2008, and the provistons of the Statement of Recommended Practi¢¢, "Accounting and Reporting for Charities" {FRS102). The charity is a Public Benefit Entity as defined by FRS 102. The financial statcments are prepared on a going concern basis. The financial stat¢m¢nt5 are preparcd in sterling which is the functional curTen¢y of the charity. Ib) Income Inrotne con51Sts of Contributions and Membership Fee5 and Income from Fcd¢ration activitie5. Income from Investments 2nd Dcposits are retained and ar¢ for the unrestricted use of the Federation. Incotnc ¢ollect¢d for ACWW Charities ar¢ d¢signated for that purpos¢. Th¢re are Jjo restricted sources of income. Incorne from bank Interest is accounted for on a reccipts basis. Contributions to membership funds and membership fees are a150 accounted for on a r¢¢eipts basis. (c) Going Concern At the time of approving the financial statements, lh¢ Trustees have a reasonable expectation that the ¢harity has adequate resources to continu¢ iii opcrational existence for the forcseeable future. Thus, the Trustees continue to adopt the going concern basis of a¢¢ounting in preparing the financial statements. (d) T#nglble Assets and Depreciatlon Tangible Fixed Assets arc stated at cost less accujnulaled depreeiation. tAS 16 pemjits assets to b¢ T¢PQrtcd at cost, without revaluation, wh¢re value exceeds cost. Depreciation is calculated to writ¢ off the cost of the Fixed Assets over the period of their useful lives, the principal rntes being as follows'.- Fixtur¢5 and Fittings Computer Equipment & Softwarc Websit¢ Property 250/• Reducing Balan¢e 250/¢ Reducing Balallcc 25Q/o Reducing Balance 20/D Straight Line Page 18
FEDERATION OF WOMEN'S INSTITUTES OF NORTHEKY IRELAND NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 (e) Stock Stock collsists of goods for resale. Stock is valued at cost with provision being mad¢ to write down obsolete or defective stock to net realisabl¢ valuc. R¢placcmcnt value of stock does not dffer Tnalerially from book cost. (fj Pension Scheme Thc Federation operates a Defined Contribution Pension Scheme for employees. Prerlliums are charged in the accounts in the peTiod to whirh th¢y r¢lat¢. (g) Inve5tmeDts Investments are stated on the Balance Sheet ai Market Value. Investments are held primarily lo providc an invcstment rcturn for the Federation. Realised and unrealised gainslloss¢s arising on investments are disclosed in th¢ Statement of Financial Activities. (h) Expenditsre All exp¢ndiftw¢ is accounied for on an accruals basis and has been included under ¢xpens¢ categories that aggregate costs related to that category. Charltable Funds Unrestricted fijnds are available for use at the discretion of th¢ trust¢¢s in furtheraTLce of their ¢h8ritable obj¢¢tives. Restricted funds ar¢ subj¢ct to sp¢¢ift¢ conditions by donors as to how they may be used. The Purposes and uses of the restricted funds are set in the notes to the financial statements. Grants Receivable Grants are reeognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met, Where perfor]nance conditions are attached to the grant and are yel io be met, the income is recognised as a liability and in¢lud¢d on th¢ balance Sheet as deferred incom¢ to be rel¢as¢d. Page 19
FEDERA TION OF WOMEN'S II¥STITUTES OF NORTHERN IRELAND r40TES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Note 2 Tanglble Plxed A$se¢s Com ui s & Software Cost Pro er Fittin Total Balance at 3118124 Additions Disposals Balance At 3118125 155,580 53,400 28,222 237,202 (21,100) 7,122 21.100) 216,102 155,580 53,400 reciation Balance at 3118124 Charge for year On Disposals Balance at 3118125 62.397 3,112 53,292 27 24,105 1,029 (20,978 4,156 139.794 4,168 20,978) 122,984 65.509 53,319 Net Book Value at 3118125 90,071 81 2,966 93,118 Nel Book Value at 3118124 93,184 108 4,117 97,409 Page 20
FEDERATION OF WOMEN'S IIYSTITUTES OF NORTHERN IRELAND NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR E,YDED 31 AUGUST2 Nots 3 Particulars of Employees The av¢rag¢ numb¢r of p¢rsons employed by the Fedejation during the year was as follows'.- 2025 2024 Adrnini5tration Th¢ aggr¢gate pa011 Costs of These persons were as ftsllow5.'- Wages and Salaries Pension S¢heme Costs Social Security Costs 63,4611 3,273 1,088 67,821 73,808 6.821 1,088 81,717 No employees receive total employ¢¢ b¢n¢fits of more than £60,000. Note 4 Investments and Bank Deposits 2025 2024 {a) Sterling Cash Art¢mis Fd Mngrs Income E GBP Dis Blackrock EURPN Dy BR EURPN Dytwni¢ Fd Di5 Blackrock FM Lid Contl EURP Inc D Units Inc BMO Commercial Pro Ord GBPO.01 BNY Mellon Glb Fds Gbl Bd Fd Sterling Z Inc Empiric Student Findlay Park FD Greencoat UK Wind HICL Inftasttucbjr Otd INT Public Partner Ord GBPO.0001 iShar¢s li PIC USD JP Morgan AM UK Ltd JP Morgan Fund Icvc JPM Gbl Macro Opps C Net Di JP Morgan Funds td US Equity Inc K GBP Net tn¢ JP Morgan Fund l¢v¢ JPM UK Legal & Geneial UT Royal tA)ndon UTM Schroder Unit Tst Asian Alpha Plus L Aec Nav Schroder Unit tst Asian Income L Vanguard Funds PIC FTSE All World Ucits Etf Us Vanguard Funds PIC S&P AbTdn Oeic li Abrdn Uk Smlr Abrth) (kic V Abrdn Sht Dur Janus Hend UK & EU JH Strategi¢ Bond G Dis Brown Advisory Fds US Sustainable JP Imorgan ETFS {tre JPM Us Res) M&G Invstmnt FD(I I M&G Japan Invesco physical Mkts PIC secure 5,200 7.487 5,675 4A54 2,310 6.742 4,079 5,446 3,890 4,550 4,320 6,866 5.163 4,476 4,027 6,900 3,967 SJ55 5.312 5,999 4,689 9,817 9,040 4,672 9541 10,645 12,659 10,804 5,000 8,758 12,513 22J64 4,723 4.565 13,466 10.751 7,919 7,986 11.164 19,827 4.936 4,563 6,248 2.346 4,751 3.973 3,686 174,540 164.730 Page21
FEDERATION OF WOMEN'S IIISTITUTES OF NORTHERJN IRELAND NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR EYDED 31 AUGUST 2025 Inveslments are included at Market Value, as calculated by Investec Wealth & Investment, at 31 August 2025 2025 2024 (b) Danske Bank Current Account Danske Bank- Business tnvestmenl Account Danske No 2 Deposil Account Cash in Hand 33,938 33,495 20,165 3110 87,898 14,136 18,142 19,850 300 52.428 Note 5 Stocks 2025 2024 Stationery For Resale Badges & Key-Rings Napkins & Diaries W I Souvenirs Scarves 2,063 706 143 3,734 1,977 890 200 5,033 6,646 8,111 Note 6 Debtor5 2025 2024 Trade Debtors Prepajrynents 395 10,491 10,886 2,964 9,733 12,697 Page 22
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Note 7 Amounts Owing To ACWW Charities enin Balance 0110912024 Recei durin ear durtn bAIAnce 3110812025 ear Rural Women in Action Fund 14,581 14,581 7.404 (12.076 7,404 {12,076) 9,909 9,909 The movements on the above account has not been reflected in the Statement of Financial Activities for the year. Note 8 Creditors: Amounts Falling Due Within One Year 2025 2024 Taxation and social security Accruals Deferred Income (note 12) {120) 5,779 (120) 5,346 5,659 5,226 Note 9 Auditor's Remuneration 2025 2024 Fee5 payable to the company's auditor 3,119 2,970 Pag¢ 2J
FEDERATIOTrI OF WOIKEN'S INSTIT ORTHERN IRELAND NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR E DED 31 AUGUST 2025 N¢>te 10 Trustee RemuTreration Trustees did not receive any rernuneration or other benefits from ¢mployment. Trustees are reimbursed for travel expenses and also for expenditure incurred on behalf of the Federation. During the year £8,445 (2024.. £6,477} wa5 reimbursed to Tn]stccs for travel expenses. Note 11 Grant Income No grant income was received during the year ended 31 August 2025. In the prior yeai12024), the Federation received a wt of £18,000 from the Nationol Loitery Colntnunity Fund. This grant was awarded Splf1¢allY to 511PPOrt the development of a darabase and the creation of a 5 year strategic plan. Note 12 Specisl Funds eni Balance olio 12024 Closin Balance 3110812025 dutin durin ear ear Intcrnational Fund (ACWW Travel) 8,663 1.578 10.241 The movements on the above ac¢ounts have not bcen refle¢ted in the Statement of Financial Activities for the year. Note 13 Property The property is registered in ¢he name5 of the Trustees and is held in trnst by these Trnstees on behalf of the Federation. r4ote 14 R¢lated Party TrADS*Ctlon$ Committee Membeis of the Federation, os members of the Wl, have paid subscription fees to their local Wl. paTt of which is passed on to the Federation. Note 15 Other Inform#tlon In common with many other Charities of this size and nature we use our auditor5 to prepare and assisi in the PTeparation of our financial statements. Page 24
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAND APPENDIX IA- INCOME FROM SPECIAL UI¥DERTAKtNGS 2025 2024 Arts Sub-committee 748 1.502 Homecraft 610 (187) Home and Garden 3,112 3,296 Magazine and Leisure Sub-committee 1,086 (70) Balmoral Show 23,966 22.353 Stationery 167 57 W I Souvenirs (284) (684} Cookery 226 (3.180) Sury)lusl(Defi¢it) 29,631 23,087 Pag¢ 25
FEDERATION OF WOMEN'S INSTITUTES OF NORTHERN IRELAI APPENDIX IB - INCOME AND EXPENDITURE FROM ULSTER COUNTRYWOMAN MAGAZ1Tr4E FOR THE YEAR ETrIDED 31 AUGUST 2025 2025 2024 Income: Sale of Magazines 26,282 27,379 Advertising Revenue 160 2,500 Total Income 26,442 29,879 Expenditure: Printing Costs 18,750 18,600 Bad Debt Provision 1,760 TotAI Expendlture 20,510 18,600 Net Surplus 5,932 11,279 Page 26