IRIS Accounts Production v23.2.0.158 Other Company accounts True false Pounds 1.8.22 31.7.23 31.7.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027159742022-07-31027159742023-07-31027159742022-08-012023-07-31027159742021-07-31027159742021-08-012022-07-31027159742022-07-3102715974ns22:CharitableCompanyLimitedByGuarantee2022-08-012023-07-3102715974ns15:PoundSterling2022-08-012023-07-3102715974ns11:FRS1022022-08-012023-07-3102715974ns11:IndependentExaminationCharity2022-08-012023-07-3102715974ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-08-012023-07-3102715974ns11:FullAccounts2022-08-012023-07-3102715974ns11:CharitiesSORP2022-08-012023-07-3102715974ns22:Trustee22022-08-012023-07-3102715974ns22:Trustee12022-08-012023-07-3102715974ns22:Trustee32022-08-012023-07-3102715974ns22:Trustee42022-08-012023-07-3102715974ns22:Trustee52022-08-012023-07-3102715974ns22:Trustee62022-08-012023-07-3102715974ns22:Trustee72022-08-012023-07-3102715974ns22:Trustee82022-08-012023-07-3102715974ns22:Trustee92022-08-012023-07-3102715974ns22:Trustee102022-08-012023-07-3102715974ns22:Trustee112022-08-012023-07-3102715974ns22:Trustee122022-08-012023-07-3102715974ns22:Trustee132022-08-012023-07-3102715974ns11:RegisteredOffice2022-08-012023-07-3102715974ns22:Activity82022-08-012023-07-3102715974ns22:Activity82021-08-012022-07-3102715974ns22:Activity92022-08-012023-07-3102715974ns22:Activity92021-08-012022-07-3102715974ns6:WithinOneYear2023-07-3102715974ns6:WithinOneYear2022-07-3102715974ns6:AfterOneYear2023-07-3102715974ns6:AfterOneYear2022-07-3102715974ns22:TotalUnrestrictedFunds2023-07-3102715974ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-08-012023-07-3102715974ns6:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-08-012023-07-3102715974ns6:FurnitureFittingsToolsEquipment2022-08-012023-07-310271597422022-08-012023-07-3102715974ns6:OwnedAssets2022-08-012023-07-3102715974ns6:OwnedAssets2021-08-012022-07-3102715974ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-07-3102715974ns6:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-07-3102715974ns6:FurnitureFittings2022-07-3102715974ns6:FurnitureFittings2022-08-012023-07-3102715974ns6:OwnedOrFreeholdAssetsns6:LandBuildings2023-07-3102715974ns6:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-3102715974ns6:FurnitureFittings2023-07-3102715974ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-07-3102715974ns6:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-07-3102715974ns6:FurnitureFittings2022-07-31
REGISTERED COMPANY NUMBER: 02715974 (England and Wales)
REGISTERED CHARITY NUMBER: 1015084










REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Statement of Financial Position 6 to 7

Notes to the Financial Statements 8 to 13

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 JULY 2023



TRUSTEES M Bond
J Longland
E Vaughan
S Wilson-Croft
H Dunlop
A Fraser
M Haughton
P James (resigned 11.11.22)
A Newbery
P Roberts
K Wilkins
Mrs E Bearne
Mrs T Morgan (appointed 3.1.23)


COMPANY SECRETARY Mrs N L Grieves


REGISTERED OFFICE WI House
90 Prendergast
Haverfordwest
Pembrokeshire
SA61 2PP


REGISTERED COMPANY NUMBER 02715974 (England and Wales)


REGISTERED CHARITY NUMBER 1015084


INDEPENDENT EXAMINER Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES (REGISTERED NUMBER: 02715974)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. 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).

The trustees present their report with the accounts of the Federation for the year ended 31 July 2023.

OBJECTIVES AND ACTIVITIES
Objectives and activities
The company was established to provide an organisation with the object of enabling countrywomen to take an effective part in the improvement and development of the condition of rural life and to make provisions to advance their education and citizenship, in public questions both national and international, in music, drama and other cultural subjects and also to secure instruction and training for them in all branches of agriculture, handicrafts, home economics, health and social welfare. It exists to give all women the opportunity of working together through the Women's Institute Organisation, and of putting into practice those ideals for which it stands.

Public benefit
The trustees have considered the Charity Commissions guidance on public benefit, including the guidance on fee charging. The Institute relies on the income from fees and sales to cover its operating costs. In setting the level of fees, charges and concessions, the trustees give careful consideration to the accessibility of membership for those on low incomes.

ACHIEVEMENT AND PERFORMANCE
Achievements and performance
Calendar sales for the Flora and Fauna theme went really well and the Committee has now signed off the Calendar for 2024 with the new theme Hidden Secrets of Pembrokeshire 2024, using photographs taken by members. Sponsorship from local companies has continued to help in meeting costs and enabled the price per calendar to remain at £5.

FINANCIAL REVIEW
Financial review
The results of the financial year are shown in the statement of financial activities on page 15.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The federation is a company limited by guarantee (incorporated 19th May 1992), and is governed by its memorandum and articles of association.

Organisational structure
The Federation is totally dependent on the services of unpaid volunteers. The Board of Trustees consists of 12 members, with 28 members sitting on Committees. The Board of Trustees are elected at the Annual General Meeting. These members plan the Federation Programme for the entire Federation Membership. Volunteer Trustee Committee members run the Federation office on two days per week. Many of the members steward day schools, meetings and other events to help in the successful running of such; this is done on a voluntary basis.

Affiliation
The Federation is affiliated to the National Federation of Women's Institute as are the local Institutes.

Risk management
The Trustees have assessed the major risks to which the charity is exposed, and in particular those related to its operations and finances, and are satisfied that systems are in place to mitigate exposure to the major risks.

Approved by order of the board of trustees on 19 October 2023 and signed on its behalf by:



PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES (REGISTERED NUMBER: 02715974)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023




J Longland - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

Independent examiner's report to the trustees of Pembrokeshire Federation Of Women's Institutes ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Alun Evans FCA

Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

19 October 2023

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Incoming resources 52,429 59,117

Investment income 2 620 58
Total 53,049 59,175

EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure 50,598 57,804
Governance Costs 1,779 2,247
Total 52,377 60,051

NET INCOME/(EXPENDITURE) 672 (876 )


RECONCILIATION OF FUNDS
Total funds brought forward 106,601 107,477

TOTAL FUNDS CARRIED FORWARD 107,273 106,601

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES (REGISTERED NUMBER: 02715974)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 64,134 65,547

CURRENT ASSETS
Stocks 8 184 441
Debtors 9 92 -
Cash at bank 44,064 41,928
44,340 42,369

CREDITORS
Amounts falling due within one year 10 (1,201 ) (834 )

NET CURRENT ASSETS 43,139 41,535

TOTAL ASSETS LESS CURRENT LIABILITIES 107,273 107,082

CREDITORS
Amounts falling due after more than one year 11 - (481 )

NET ASSETS 107,273 106,601
FUNDS 12
Unrestricted funds 107,273 106,601
TOTAL FUNDS 107,273 106,601

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES (REGISTERED NUMBER: 02715974)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 19 October 2023 and were signed on its behalf by:





J Longland - Trustee

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.


Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 10% 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 corporation 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 only be used 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.


PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. INVESTMENT INCOME
2023 2022
£    £   
Deposit account interest 620 58

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 1,413 1,419

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.


Trustees' expenses

During the year the charity has paid mileage and other expenses to the 14 members who served on the Board of Trustees totalling £644 (2022 - £382).

5. SALARIES AND WAGES

2023 2022
£    £   

Gross salaries, national insurance and tax 7,129 6,825
7,129 6,825

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Incoming resources 59,117

Investment income 58
Total 59,175

EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure 57,804
Governance Costs 2,247
Total 60,051


PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
NET INCOME/(EXPENDITURE) (876 )


RECONCILIATION OF FUNDS
Total funds brought forward 107,477

TOTAL FUNDS CARRIED FORWARD 106,601

7. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 August 2022 and 31 July 2023 52,701 43,760 15,015 111,476
DEPRECIATION
At 1 August 2022 20,308 11,193 14,428 45,929
Charge for year 675 679 59 1,413
At 31 July 2023 20,983 11,872 14,487 47,342
NET BOOK VALUE
At 31 July 2023 31,718 31,888 528 64,134
At 31 July 2022 32,393 32,567 587 65,547

8. STOCKS
2023 2022
£    £   
Stocks 184 441

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92 -


PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,201 834

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

20232022
£   £   

Templeton WI-481
-481


12. MOVEMENT IN FUNDS
Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 106,601 672 107,273

TOTAL FUNDS 106,601 672 107,273

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 53,049 (52,377 ) 672

TOTAL FUNDS 53,049 (52,377 ) 672


Comparatives for movement in funds

Net
movement At
At 1.8.21 in funds 31.7.22
£    £    £   
Unrestricted funds
General fund 107,477 (876 ) 106,601

TOTAL FUNDS 107,477 (876 ) 106,601

PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 59,175 (60,051 ) (876 )

TOTAL FUNDS 59,175 (60,051 ) (876 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.8.21 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 107,477 (204 ) 107,273

TOTAL FUNDS 107,477 (204 ) 107,273

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 112,224 (112,428 ) (204 )

TOTAL FUNDS 112,224 (112,428 ) (204 )

13. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31 July 2023 (2022 - nil).


PEMBROKESHIRE FEDERATION OF WOMEN'S
INSTITUTES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2023.

15. MEMBERS GUARANTEE

The company is limited by guarantee and in the event of the winding up of the company the liability of each member will not exceed £1.

16. INCORPORATION

The company is incorporated under the Companies Act 2006 and registered in England and Wales. It is also registered with the Charity Commission.