REGISTERED COMPANY NUMBER: 02822778 (England and Wales)

REGISTERED CHARITY NUMBER: 1022578

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Somerset County Federation of

Women's Institutes

Page

Chairman's Report

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

14

2024 The Board of Trustees have all worked hard to keep everything in good order for members. We have continued to improve the County Office and gardens for visitors and staff coming to the WI House.

Our Teams have been very busy this year, arranging many more exciting events for us to participate in. The weekend at Manor Ashbury Okehampton was a resounding success, with 49 members taking part and plans to repeat this once again are in hand.

In October 2024, we held our Annual Meeting at a new venue for SCFWI, Milfield School in Street, which was well attended. It was so good to see members enjoying the opportunity to catch up with friends and make new ones. Speakers included: Captain Jessica Tyson, Nettie Oakley-Prior and Rosie Hather.

In my role as County Chairman since October 2024, I have made a point of going out and visiting WIs to gain a better understanding of their needs and how the Board can help them to continue to inspire, educate and entertain their members. As the ethos of the WI is to educate and entertain ladies, we continue to arrange events for them to enjoy, literary lunches, days at the races, coach holidays, activity weekends and much more.

Our biggest fundraiser of the year was our tea and cake tent at the Bath and West Show held in Shepton Mallet, although numbers were down on previous years, we managed to raise funds for Somerset.

For the Board of Trustees, there have been many changes over the past year. Which, in time, will only make the federation stronger. We have seen a reduction in our numbers as we now hold 107 WIs in Somerset. The Board are confident that if we follow our strategic plan of recruitment and awareness through our marketing programme, membership could continue to grow. For myself, the past months have been filled with many new experiences, which I have very much enjoyed.

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 March 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02822778 (England and Wales)

Registered Charity number

1022578

Registered office

344 Bristol Road

Bridgwater

Somerset

TA6 4BU

Trustees

Mrs A P Chadwick

Mrs D M Cooper

Mrs J L D Evans (resigned 1.4.25)

Mrs J P Glossop

Mrs T Hemms

Ms S M Routley

Mrs B Court

Mrs E L Porter

Independent Examiner

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

Approved by order of the board of trustees on 1 December 2025 and signed on its behalf by:

Mrs D M Cooper - Trustee

Independent examiner's report to the trustees of The Somerset County 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 March 2025.

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.

Gavin Roberts, FCA FCCA

The Institute of Chartered Accountants in England and Wales

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

15 December 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

47,680

40,836

88,516

36,241

Charitable activities

County News

1,347

-

1,347

11,165

Council Meetings

10,729

-

10,729

4,842

Sub-Committees

44,268

-

44,268

48,555

Other resources expended

42,792

-

42,792

36,076

Other trading activities

2

2,797

-

2,797

4,201

Investment income

3

9,060

-

9,060

8,620

Other income

4,970

-

4,970

-

Total

163,643

40,836

204,479

149,700

EXPENDITURE ON

Raising funds

4

2,370

39,527

41,897

38,875

Charitable activities

County News

5,893

-

5,893

5,882

Council Meetings

7,263

1,188

8,451

4,777

Sub-Committees

30,971

-

30,971

35,015

Other resources expended

125,652

-

125,652

81,858

Total

172,149

40,715

212,864

166,407

Net gains/(losses) on investments

(579

)

-

(579

)

203

NET INCOME/(EXPENDITURE)

(9,085

)

121

(8,964

)

(16,504

)

Transfers between funds

13

(5,206

)

5,206

-

-

Net movement in funds

(14,291

)

5,327

(8,964

)

(16,504

)

RECONCILIATION OF FUNDS

Total funds brought forward

458,912

23,356

482,268

498,772

TOTAL FUNDS CARRIED FORWARD

444,621

28,683

473,304

482,268

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

9

386,897

-

386,897

395,645

Social investments

10

26,594

-

26,594

27,173

413,491

-

413,491

422,818

CURRENT ASSETS

Debtors

11

15,134

-

15,134

10,205

Cash at bank and in hand

52,111

32,759

84,870

82,120

67,245

32,759

100,004

92,325

CREDITORS

Amounts falling due within one year

12

(36,115

)

(4,076

)

(40,191

)

(32,875

)

NET CURRENT ASSETS

31,130

28,683

59,813

59,450

TOTAL ASSETS LESS CURRENT LIABILITIES

444,621

28,683

473,304

482,268

NET ASSETS

444,621

28,683

473,304

482,268

FUNDS

13

Unrestricted funds

444,621

458,912

Restricted funds

28,683

23,356

TOTAL FUNDS

473,304

482,268

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 1 December 2025 and were signed on its behalf by:

Mrs D M Cooper - Trustee

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, 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Shop income

2,797

4,201

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Rents received

7,800

7,642

Other Investment Income

1,260

978

9,060

8,620

4.	RAISING FUNDS

Raising donations and legacies

31.3.25

31.3.24

£

£

Subscriptions

39,527

37,932

Support costs

(1

)

-

39,526

37,932

5.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

9,264

9,331

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

31.3.25

31.3.24

£

£

Trustees' expenses

500

400

7.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Management and administration

2

1

No employees received emoluments in excess of £60,000.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

(2,618

)

38,859

36,241

Charitable activities

County News

11,165

-

11,165

Council Meetings

4,842

-

4,842

Sub-Committees

48,555

-

48,555

Other resources expended

36,076

-

36,076

Other trading activities

4,201

-

4,201

Investment income

8,620

-

8,620

Total

110,841

38,859

149,700

EXPENDITURE ON

Raising funds

943

37,932

38,875

Charitable activities

County News

5,882

-

5,882

Council Meetings

4,777

-

4,777

Sub-Committees

35,015

-

35,015

Other resources expended

78,496

3,362

81,858

Total

125,113

41,294

166,407

Net gains on investments

203

-

203

NET INCOME/(EXPENDITURE)

(14,069

)

(2,435

)

(16,504

)

RECONCILIATION OF FUNDS

Total funds brought forward

472,981

25,791

498,772

TOTAL FUNDS CARRIED FORWARD

458,912

23,356

482,268

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

423,964

-

27,303

-

451,267

Additions

-

167

-

349

516

At 31 March 2025

423,964

167

27,303

349

451,783

DEPRECIATION

At 1 April 2024

31,728

-

23,894

-

55,622

Charge for year

8,479

33

682

70

9,264

At 31 March 2025

40,207

33

24,576

70

64,886

NET BOOK VALUE

At 31 March 2025

383,757

134

2,727

279

386,897

At 31 March 2024

392,236

-

3,409

-

395,645

10.	SOCIAL INVESTMENTS

Other

investments

£

MARKET VALUE

At 1 April 2024

27,173

Revaluations

(579

)

At 31 March 2025

26,594

NET BOOK VALUE

At 31 March 2025

26,594

At 31 March 2024

27,173

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2023

26,969

Valuation in 2024

204

Valuation in 2025

(579

)

26,594

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

208

1,451

Other debtors

136

1,216

Prepayments and accrued income

14,790

7,538

15,134

10,205

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Suspended WI deposits

3,578

6,941

Trade creditors

13,033

8,417

VAT

-

153

Other creditors

19,075

11,964

Accruals and deferred income

4,505

5,400

40,191

32,875

13.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

312,419

(9,085

)

(5,206

)

298,128

Pre Incorporation General

146,493

-

-

146,493

458,912

(9,085

)

(5,206

)

444,621

Restricted funds

Caring and Sharing Fund

1,231

-

-

1,231

NFWI AGM

15,184

121

1,843

17,148

Women's Institute Suspense Account

6,941

-

3,363

10,304

23,356

121

5,206

28,683

TOTAL FUNDS

482,268

(8,964

)

-

473,304

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

163,643

(172,149

)

(579

)

(9,085

)

Restricted funds

NFWI AGM

40,836

(40,715

)

-

121

TOTAL FUNDS

204,479

(212,864

)

(579

)

(8,964

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

326,488

(14,069

)

312,419

Pre Incorporation General

146,493

-

146,493

472,981

(14,069

)

458,912

Restricted funds

Caring and Sharing Fund

1,231

-

1,231

NFWI AGM

14,106

1,078

15,184

Women's Institute Suspense Account

10,454

(3,513

)

6,941

25,791

(2,435

)

23,356

TOTAL FUNDS

498,772

(16,504

)

482,268

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

110,841

(125,113

)

203

(14,069

)

Restricted funds

NFWI AGM

42,372

(41,294

)

-

1,078

Women's Institute Suspense Account

(3,513

)

-

-

(3,513

)

38,859

(41,294

)

-

(2,435

)

TOTAL FUNDS

149,700

(166,407

)

203

(16,504

)