REGISTERED COMPANY NUMBER: 02836301 (England and Wales)

REGISTERED CHARITY NUMBER: 1026988

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

The Surrey Federation of Women's

Institutes

Page

Report of the Trustees

1

to

11

Independent Examiner's Report

12

Statement of Financial Activities

13

Balance Sheet

14

to

15

Notes to the Financial Statements

16

to

30

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 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Policies and Objectives

The charitable objectives for which the charity was established are stated in the governing documents to be:

1.

to advance the education of women and girls for the public benefit in all areas including (without limitation): local, national and international issues of political and social importance, music, drama and other cultural subjects and all branches of agriculture, crafts, home economics, science, health and social welfare;

2.

to promote sustainable development for the public benefit by: educating people in the preservation, conservation and protection of the environment and the prudent use of natural resources and promoting sustainable means of achieving economic growth and regeneration;

3.

to advance health for the public benefit;

4.

to advance citizenship for the public benefit by the promotion of civic responsibility and volunteering.

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

Activities for achieving objectives

In pursuance of the overall goals of its charitable objectives, the Federation's principal activity is enabling women in Surrey. In practice, this means that through the work of its Trustees, sub-committees, member WIs, volunteers and other supporters, the Federation:

-

encourages women in Surrey to become individual members of their local WI;

-

assists and advises on the setting up of new WIs in regions of Surrey not already adequately covered by a suitable WI;

-

encourages members to take part in interests ranging over public affairs, sport, leisure, the arts, music, science, cookery, crafts and gardening;

-

tries to introduce members to new activities and special interest groups;

Main activities undertaken to further the charity's purposes for public benefit

The Trustees have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and in planning our future activities. In particular they consider how planned activities will contribute to the aims and objectives of the WI.

ACHIEVEMENTS AND PERFORMANCE

Review of activities

Indicators, Milestones and Benchmarks

The Trustees measure the success of the Federation in 'enabling women' by monitoring:

-

The number of WIs in Surrey and the rate of formation of new ones;

-

The number of members in the Federation;

-

The number of members attending the Annual Council Meeting and the Autumn Federation Meeting;

-

The numbers attending the many other smaller meetings and events which the subcommittees run each year;

Grant Making Policy

The Federation does not give grants as a means of fulfilling its charitable objectives.

The Federation previously gave bursaries in the form of Denman College vouchers and a Surrey at Denman weekend bursary. Following the closure of Denman College the Denman Trust has been created. The Federation plan to claim grants from the Denman Trust to provide courses for Surrey members at a reduced rate and make bursaries available from our Federation.

The Federation will consider requests for bursaries from WI members.

Relationships with Related Parties and Representation on Other Bodies

The work of the Surrey Federation is integrally linked to that of the National Federation of WIs and to the work of the WIs in Surrey. All WIs in Surrey are separate legal entities, having their own charitable status. The Surrey Federation is independent from the National Federation. Two Surrey Federation officers attend the National Federation Council meetings each year, so we are a fully participating member of the National Federation.

Activities and Events

Impact of Activities and Events

The Federation has about 150 member WIs. This year we have been able to form 1 new WIs but there have been several closures. There are approximately 6,700 members in the Surrey Federation, a slightly lower number than last year.

Some Surrey WI members have taken advantage of the opportunities to participate in activities and in events throughout the year. The range of courses, events and activities is shown by the examples given in the organisation structure section for each team.

FINANCIAL REVIEW

Going concern

The trustees have adopted the going concern basis when preparing these financial statements. The company has adequate resources to continue in operational existence for the foreseeable future due to the cash on deposit and investments held.

Reserves policy

The Federation requires sufficient unrestricted reserves to be held to allow it to continue its work in connection with the promotion of the interests of women (as specified in the Constitution) for a period of at least a year.

Federation surplus funds may be invested in accordance with the Investment Policy in order to provide additional income to the Federation. The Federation is required to retain reserves sufficient to be able to run the Federation for at least a year in the event that no other income is forthcoming, taking into account any cost saving that can be made in the event of this change in income stream. The Federation will keep at least three months of normal expenditure in instant access bank accounts. Funds above this level may be invested in term deposits (where the maximum loss in event of early withdrawal is the interest payable at the end of the term), or in stocks and shares via Quilter Cheviot.

The reserves held, including investments, at the year end will allow the current level of expenditure to continue for several years.

Federation reserves include monies received from WIs suspended during the year under review and funds designated for specific purpose as detailed in the notes to the accounts.

Material investments policy

The Trustees are empowered to invest the funds of the Federation at such a time and in such a manner as they see fit within the limits of applicable laws and regulations in the United Kingdom.

Quilter Cheviot invest such funds as the Trustees decide. The Federation has an ethical approach to investments and will not invest in the tobacco, pornography, gambling or armaments industries, but otherwise Quilter Cheviot can invest using their experience. In order to minimise the risk but secure income the funds can be invested in both fixed interest securities and in equities. An investment manager from Quilter Cheviot visits the Trustees regularly to discuss the portfolio and provides interim written reports to enable the Trustees to review the overall investment strategy.

PLANS FOR FUTURE PERIODS

In November 2023 the Board of Trustees reviewed and adopted the Federation Strategic plan, which is to be reviewed annually.

This included:

-

The Federation aims for 2023 to 2025, of increasing membership numbers, providing educational activities for Surrey WI members, while making a small loss or breaking even each financial year;

-

Setting 29 future outcomes for the three years, including additional trustee training and support, visits to each WI and a review of types of events and workshops held as promotion of our digital activities;

-

Plans for recruitment of team and Board of Trustees members;

-

Allocating objectives for implementation to Teams and Federation Appointments with timescales.

The plan is reviewed regularly.

FUNDS HELD AS CUSTODIAN

Although the charity maintains restricted funds to deal with incoming resources that are earmarked for a particular purpose by donors, sponsors and other funders, the Federation does not currently hold, and the trustees do not anticipate that it will in the future hold, any funds as Custodian for any third party, other than on a temporary basis, for example, while a WI establishes banking arrangements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

Status and History

The Federation is a registered charity and a company limited by guarantee, not having share capital. Every member undertakes to contribute an amount not exceeding £1 to the assets of the charity in the event of the charity being wound up during the period of membership, or within one year thereafter.

The Federation was formed in 1918 to independently assist The National Federation of Women's Institutes of England, Wales, Jersey, Guernsey and The Isle of Man (the National Federation), itself a charitable company, to support and advise any Women's Institute (WI) throughout the county of Surrey.

The Federation was incorporated on 15 July 1993 and became a registered charity on 8 October 1993.

The Federation is governed by the rules and regulations set down in its constitution, which is incorporated within its company Memorandum and Articles of Association originally dated 15 July 1993 was last updated in June 2025 and adopted by the Federation in July 2025.

Organisational structure and decision making

The overall strategic direction of the charity is determined by the Trustees, who:

-

are responsible for the overall running of the Federation;

-

ensure that its activities are within the objectives of the Federation;

-

ensure that its activities cover all its aims and interests;

-

make policy decisions;

-

develop plans which are carried out in conjunction with the Federation's subcommittees;

-

regularly review the overall programme and service it provides, to members; and

-

appoint annually the various subcommittees members and Federation appointees.

The Trustees are responsible for carrying out the policies of the National Federation as agreed by the national membership at general meetings of the National Federation. The Trustees are also responsible for implementing the decisions made by the members of the Federation at annual council meetings of the Surrey Federation.

The Trustee Team meets nine times a year, with the annual cycle starting immediately after the Annual Council Meeting in March. The Council of the Surrey Federation comprises the Trustees and a representative from each of the Surrey Federation Women's Institutes (WIs) and is organised by the Trustee Team.

The Federation currently has five sub-teams, which are responsible for the majority of the charity's work each year:

-

Skills, Activities, and Learning Team

-

Membership Support Team

-

Resolutions and Campaign Team

-

Equality, Diversity, and Inclusion Team

-

E & O show committee

There are also self funding groups and special interest groups:

-

Crafty Ladies

-

Camera Group

-

Surrey Serenaders

Our main publication is Surrey WI News published every month.

1. Federation Overview

Co- Chairs Report - 1 November 2024 to 31 October 2025

Governance:

We participated in the revision of the Constitution of WIs set by the changes approved at the National Annual General Meeting on 4-6-25. The Companies Act Meeting was held prior to the National AGM.

Surrey Federation held the Adoption Meeting of the new Constitution on 7-7-25. This was necessary because Surrey Federation, like many Charities, is a Company Limited by Guarantee and therefore must comply with the Companies Act formalities. We sent information to all our WIs inviting them to either send a delegate or grant a Proxy vote prior to this meeting.

The new Constitution was duly adopted.

We have used the Strategic Plan for Surrey Federation to develop our organisation into one that encourages our members to enrich their lives by inspiring them to take an active role in their community, learn new skills and widen their horizons.

The newly formed Skills Activities and Learning Team (known as SALT) has enhanced this objective by running a wide variety of courses. They have started to build a relationship with an organisation which distributes food to Food Banks and offers courses to teach cooking skills. Through this team we have engaged with a Nationally supported "Let's Dance" initiative, to encourage fitness, with our members and potential members.

Our Membership Support Team, (known as MST) have been actively looking at the growth areas in Surrey, to see if there is potential to open new WIs. In 2024/25 2 WI has been opened.

Sadly, due to falling numbers, frailty of age and an inability to retain and recruit committee members, there have been several suspensions.

However, we notice that WIs have extended their hand of friendship and offered enlargement to mutual benefit of both the existing WI and the suspended WI.

The Resolution and Campaigns Team (known as RACT) have used the Strategic Plan to measure their increasing involvement with informing our members of new Campaigns, how to craft a new resolution as well as taking on a greater involvement in developing an understanding of the role of a Delegate to our WIs.

This team has also provided members to scrutineer the long list of proposed Resolutions.

We said farewell to our Surrey WI News editor as she wishes to enjoy a new lifestyle. We welcomed a new Editor, who comes from a background of journalism and is now able to bring fresh ideas to this magazine.

She leads an enthusiastic team of proofreaders under the guidance of one of our newer Trustees.

We continue to deliver Surrey WI News, to all our members who have an email account, on the 1st of the month. We also print copies for our members, who like to hold a magazine but lack a printer. We charge for the paper, ink and postage. This has reduced from 500 to around 300 copies a month.

We have also employed a new member of staff - the Digital Administrator. This role encompasses the role of Webmaster, to improve our social media presence, help our WIs understand the 365, we use.

We held our Annual Council Meeting as a hybrid meeting, following the deficit we made in the previous year. We invited the WIs who would have a certificate on achieving age related milestones. Some came.

Other WIs formed Watch parties.

Unfortunately, this was not as smooth as the normal Zoom call. The technology had a 'gremlin' day, and members could not get in as usual. We learnt a lot.

Our Trustee's have all completed their Trustee Training as well as other Training courses offered by National Federation, such as, Conflict Resolution, Safeguarding and the new Advisers Course.

We, continue to invite our members to observe and contribute to the Trustee Team meeting and the committee meeting, this we hope will enable them to understand how the Federation is run, and maybe volunteer to serve.

Our number of Trustee's is appropriate, but succession planning is always on our minds, with the need to replenish.

The Equality, Diversity and Inclusion Team is taking longer to become effective, but due to the dedication of founder members we have great hopes.

We took our gazebo to the Pride @ Surrey event held at Stoke Park in Guildford. This event was very successful, many members came to share their memories of their family's involvement with WI, and how can they join? A carnival like festival.

However, we report success 'growing' our Climate Ambassador's Team. They have participated in Marches, lobbying your MP at Westminster, as well as monitoring the cleanliness of our streams and rivers. We have had window displays in shopping areas to inform the general public about our climate concerns, plastic free picnics etc.

Cranleigh Show, saw us show casing the variety of skills one can learn through membership of the WI, whilst introducing children to decorating plant pots and then planting a small plant. This area seems to be a growth area, and we had many enquiries about WIs in the area.

Edenbridge & Oxted Show, saw us again showing the range of skills we have and how when entered in a Show we can be so competitive. The foot fall was steady allowing us to engage with many people.

The 110th Anniversary of National Federation of WIs was celebrated by Parading our Banners in Guildford. We also had a stall to showcase the History of the various WIs in Surrey.

We had a self-funded holiday in Bristol for a larger group of our members who responded to staying in Student Halls during the balloon Festival so positively, good team building, this may be repeated next year.

The framework of the Strategic Plan has proved to be invaluable in guiding our Trustees and Chairs of Committees to achieve the stability and growth of Surrey Federation of WIs.

2. Surrey Federation Sub-Teams

Skills, Activities and Learning Team (SALT)

The Skills, Activities and Learning Team has organised a wide range of events for Surrey WI members.

They hosted a Christmas Bread workshop at Richard Challenor School where attendees learned to make Cinnamon Buns, Festive Japanese Milk Bread, and Traditional Loaf-making for a fun and welcoming session. Louise led two successful cheese workshops, allowing participants to bring home delicious samples.

Auditions were also held, resulting in a strong lineup of new speakers featured in the yearbook. Members enjoyed a lively afternoon tea at Ripley Village Hall, which included talks from three antiques experts. In addition, members and friends had a tasty lunch at Glenmore House, followed by an engaging talk by author Karen Swan.

Team members ran both zips and flower arranging workshops at Federation office, helping members develop new skills to share with others.

Creative workshops at Ripley Village Hall gave members the chance to design tealight holders and glass wave pieces using glass fusing techniques, resulting in many beautiful creations.

The Camera Club continues to meet regularly at various locations around the Federation, where members enjoy photography and camaraderie, all organised by a dedicated team member.

None of these activities would happen without the commitment, time, and hard work of the SALT team, whose efforts are greatly valued.

Member Support Team (MST)

The MST is responsible for the welfare and development of the WIs in the Surrey Federation. SFWI has five WI Advisers, trained by NFWI who are reappointed annually by the Federation, and recently retired Advisers and other WI members who give valued support. The team has nine members in total. 2 WIs were suspended this year due mainly to being unable to find committee members. However, 2 WIs have been formed during this period. MST members are also attached to Groups within the Federation. They have been actively involved in 18 Group committee meetings, meetings and social events, in person or virtual. They have also attended 7 Prison WI meetings

Members of the team have collectively made 67 visits to WIs to offer support, advice and

encouragement and pre-formation meetings. They have attended 21 Annual Meetings at the request of the WIs, to offer support and help them conduct the business of the meeting. Annual meetings made easy workshops accounted for 6 attendances by members of the team and between them they

Have attended 7 courses to further their knowledge and skills, plus supported 11 zoom members general discussions. There have been 20 attendances 6 at county shows and promotional events.

Resolutions and Campaigns Team (RACT)

Resolutions and Campaigns Team has continued to meet its objective of encouraging awareness of, and involvement in, WI campaigns. One of the ways we do this is with monthly articles in SWIN which have covered a wide range of topics including encouraging volunteering, environmental concerns, International Women's Day and ending gender-based violence.

We have also spread awareness of the resolution process, working with the Membership team to run two workshops on Resolutions which again proved popular. After the national Annual Meeting, we worked with other Surrey teams to spread information about the new Campaign "Bystanders can be Lifesavers" and the importance of learning about CPR.

The team works closely with our Climate Advocate and Resolutions co-ordinator and have looked at ways to reduce our climate footprint, including holding some meetings by zoom. We have been pleased to welcome WI members to our most recent zoom meeting and are hopeful that we have gained new team members as a result.

We are looking forward to a new year of campaigning and encouraging others to take part.

Equality, Diversity and Inclusion Team (EDI)

Surrey Federation have continued to monitor activities and events put on by and within the Federation to ensure that where possible, we have events throughout the year that will cater for all of our members if they wish to attend.

This has included varying the time and venue for workshops and aiming for a variety of price ranges.

We ran crafting workshops, open to all members, to create 'give away' things at Pride in Surrey. This created a safe space for productive conversations to take place to aid our overall inclusive approach to the LGBTQIA+ community. We undertook a thorough risk assessment prior to our attendance at Pride in Surrey and had a good time supporting this local event.

We began to create a 'Black Lives Matter' banner for the Federation and reached out to various groups within the black community for advice and feedback. It was suggested that it was not authentic and needed to be created by members who identify within that community so the project is on hold, and we will look for members to help with this.

The E & O Show 2025

The show theme was 'A Year in the Life of ---' Entries were again slow to arrive as in 2024 for this show on the August Bank Holiday weekend at the Edenbridge & Oxted Agricultural Show. However with a lot of reminding and arm twisting of members the large marquee we were allocated was filled with a marvellous array of top quality crafts and cookery and hands on demonstrations and activities.

The weather for the set up days were dry and warm. The 2 show days were hot and it was a full time job keeping all the volunteer stewards and helpers hydrated as the temperature in the marquee soared and everyone's energy levels plummeted. Some members of the public just found it too hot to spend time viewing our show. The yummy brownies for sale on the Country Market cake stall quickly turned into drinking chocolate!!.

Six judges spent 5 hours each judging all the exhibits - what a task. They were overwhelmed with the skills, talents and attention to detail achieved by all the exhibitors.

We were delighted to welcome St John Ambulance to join us to promote the WI campaign that 'Bystanders can be Life Savers'. They ran regular demonstrations re giving CPR and using a defibrillator, educating us and the public.

It was so encouraging to have WIs participating from across Surrey including some of the London WIs and more exhibitors entered the show for the first time, some of whom also volunteered as stewards.

The children's activities were a great hit.

We were delighted to have Oxted Country Markets joined us again, selling their popular home made, hand crafted and home grown products. They make a substantial financial contribution to financing the event.

Sadly we didn't this year receive an Agricultural Show award but as far as the Surrey Fed WI E & O Committee are concerned this was a great show enjoyed and appreciated by exhibitors and public alike and showcased what the WI is all about.

3. Surrey Federation Roles

The Federation Archivist has worked tirelessly to sort and store donations from WIs.

The Yearbook is now an on-line publication... The Yearbook holds a great deal of information on SFWI as well as the Speaker information. We held two successful Auditions in the year for new Speakers who have been added to the publication.

4. Communications and Publicity and the Public Face of the Surrey Federation

A full year we have had publicity wise putting ourselves out there for both National and Surrey events

Nationally we went to Happy Place Festival where we spoke to women from all over the country telling them about our Surrey WI's

In Surrey this year we have had a few big events that have brought in newspaper and local advertising of our WIs , white ribbon orange flower campaign, Let's Dance, Pride, E & O show, Cranleigh show, banner parade. Each of these have led us to connect with the public and our members

Our biggest event for fundraising this year had to be Bristol a great weekend where 65 of our members came together for a Balloon filled weekend of high jinks and fun.

5. Interest Groups

The Camera Group meet regularly at various venues around the Federation and enjoys taking lovely photos as well as the friendship of the group, this is organised and lead by a team member. Crafty Ladies meet at SFWI Office six times a year where members share ideas. Everyone is welcome to come along with their craft work. The Surrey Serenaders held regular rehearsals and put on a few concerts.

Recruitment

While visiting WIs the members of the Trustee Team and WI Advisers try to identify suitable candidates who have potential for the role of trustee to join one of the subcommittees, and be nominated to serve on the Board of Trustees.

Succession planning is in place. Suitable candidates are invited to shadow Board of Trustee meetings before being asked whether they wish to join. The Federation Secretary, the Chairman, or the Vice Chairmen will discuss the role of Trustee with the candidate to ensure that she fully understands the implications of becoming a Trustee before she accepts a nomination to join the Board or is co-opted.

Appointment and Election

Members of the Board are elected on a bi-annual basis and if there are more than the fifteen candidates nominated, then there would be a ballot of all the Surrey WIs.

Induction and Training

New Trustees are given copies of:

-

The Charity Commission document CC3, The Essential Trustee covering what you need to know and what you need to do as a Board of Trustees member;

-

Federation Terms of Reference and Standing Orders;

-

Federation Policies;

-

Articles of Association for NFWI and SFWI;

-

Constitutions and Rules for WIs.

Trustee training is provided by the National Federation and any other identified training is covered by outside organisations or suitably qualified personnel.

Risk and Corporate Governance Matters

The Trustees are generally risk adverse and are therefore concerned about any potential risks which might occur and seek to minimise the Federation's exposure to risk in all cases. The Chairman and Treasurer, on behalf of the Trustee Team, carried out a risk assessment for the Federation this document was approved by the board in early 2020 to be reviewed annually. The risk assessment is regularly reviewed and updated. The risk areas considered included health and safely in the office, Financial risk, Governance risk, Operation risk and external risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02836301 (England and Wales)

Registered Charity number

1026988

Registered office

6 Paris Parklands

Railton Road

Guildford

Surrey

GU2 9JX

Trustees

A Leach

J Mulryan

S Landgraf

(resigned 20/01/2025)

D Playle

(resigned 29/03/2025)

A Thomas

J Arthur

J Jenner

A Robertson

R Williams

(resigned 29/03/2025)

C Grove

D Brittle

Georgina Wagner

(appointed 03/03/2025)

Company Secretary

K Whitehead

Independent Examiner

Bennewith 2018 Limited

t/a A J Bennewith & Co

Upper Ground Floor

18 Farnham Road

Guildford

Surrey

GU1 4XA

Investment manager

Quilter Cheviot

1 Kingsway

London

WC2B 6AN

Approved by order of the board of trustees on 19 January 2026 and signed on its behalf by:

A Robertson - Trustee

Independent examiner's report to the trustees of The Surrey 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 October 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.

A J Bennewith FCA,FCPA, FFA, FFTA, FIPA, DChA, FRSA

Bennewith 2018 Limited

t/a A J Bennewith & Co

Upper Ground Floor

18 Farnham Road

Guildford

Surrey

GU1 4XA

16 February 2026

31.10.25

31.10.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,564

1,325

2,889

13,972

Charitable activities

Courses and training

13,442

-

13,442

15,271

Membership subscriptions

79,568

70

79,638

77,374

Newsletter and publications

5,932

-

5,932

5,963

Federation meetings

1,006

-

1,006

6,789

Other trading activities

3

20,145

6,900

27,045

6,681

Investment income

4

30,543

-

30,543

31,447

Other income

4,200

-

4,200

4,399

Total

156,400

8,295

164,695

161,896

EXPENDITURE ON

Raising funds

16,273

6,615

22,888

6,514

Charitable activities

Courses and training

13,511

-

13,511

16,174

Newsletter and publications

7,997

-

7,997

7,988

Federation meetings

1,031

-

1,031

9,024

Support costs

118,117

-

118,117

121,989

Governance

6,179

-

6,179

7,195

Other charitable expenditure

981

141

1,122

5,989

Total

164,089

6,756

170,845

174,873

Net gains on investments

35,858

-

35,858

24,636

NET INCOME

28,169

1,539

29,708

11,659

Transfers between funds

15

9,493

(9,493

)

-

-

Net movement in funds

37,662

(7,954

)

29,708

11,659

RECONCILIATION OF FUNDS

Total funds brought forward

1,063,166

28,068

1,091,234

1,079,575

TOTAL FUNDS CARRIED FORWARD

1,100,828

20,114

1,120,942

1,091,234

31.10.25

31.10.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

318,013

-

318,013

326,162

Investments

11

610,560

-

610,560

575,755

928,573

-

928,573

901,917

CURRENT ASSETS

Stocks

12

857

-

857

793

Debtors

13

30,722

-

30,722

25,598

Cash at bank and in hand

163,179

20,114

183,293

182,616

194,758

20,114

214,872

209,007

CREDITORS

Amounts falling due within one year

14

(22,503

)

-

(22,503

)

(19,690

)

NET CURRENT ASSETS

172,255

20,114

192,369

189,317

TOTAL ASSETS LESS CURRENT LIABILITIES

1,100,828

20,114

1,120,942

1,091,234

NET ASSETS

1,100,828

20,114

1,120,942

1,091,234

FUNDS

15

Unrestricted funds

1,100,828

1,063,166

Restricted funds

20,114

28,068

TOTAL FUNDS

1,120,942

1,091,234

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 19 January 2026 and were signed on its behalf by:

A Robertson - 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the opinion of the Trustees there are no significant estimates or areas of judgement that would have a material impact on the financial statements.

Company status

The company is a private company limited by guarantee incorporated in England and Wales. The address of the registered office is disclosed on page 10. The members of the company are the Trustees named on page 10. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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

-

Straight line over 50 years

Office equipment

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 10 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities incorporating income and expenditure account on a straight line basis over the lease term.

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.

Investments

The charitable company's investments are included in the balance sheet at their market value. The gains or losses arising upon their annual revaluation are included in the statement of financial activities.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis when preparing the financial statements.

2.	DONATIONS AND LEGACIES

31.10.25

31.10.24

£

£

Donations

2,889

3,972

Legacies

-

10,000

2,889

13,972

3.	OTHER TRADING ACTIVITIES

31.10.25

31.10.24

£

£

Fundraising events

26,769

6,411

Shop income

276

270

27,045

6,681

4.	INVESTMENT INCOME

31.10.25

31.10.24

£

£

Income from investments held on a recognised stock exchange - UK

25,806

26,470

Bank interest receivable

4,737

4,977

30,543

31,447

5.	SUPPORT COSTS

Governance

Finance

Other

costs

Totals

£

£

£

£

Support costs

1,649

116,468

-

118,117

Governance

-

-

6,179

6,179

Other charitable expenditure

-

168

-

168

1,649

116,636

6,179

124,464

Support costs, included in the above, are as follows:

31.10.25

31.10.24

Other

Support

charitable

Total

Total

costs

Governance

expenditure

activities

activities

£

£

£

£

£

Bank charges

1,649

-

-

1,649

2,140

Wages

69,778

-

-

69,778

70,052

Social security

-

-

-

-

846

Pensions

1,278

-

-

1,278

1,276

Operating leases - plant and machinery

1,027

-

-

1,027

1,185

Property expenses

11,594

-

-

11,594

10,730

Insurance

5,504

-

-

5,504

5,895

Other professional fees

8,498

-

-

8,498

7,058

Telephone

4,813

-

-

4,813

4,154

Printing, postage and stationery

3,308

-

-

3,308

5,642

Carried forward

107,449

-

-

107,449

108,978