Independent Examiner's Report
Independent Examiner's Report to the Trustees of Cambridgeshire Federation of Young
Farmer's Clubs (Registered Charity Number 1030969)
I report to the trustees on my examination of the accounts of the Cambridgeshire Federation of Young
Farmer's Clubs for the year ended 31 August 2024, which are set out on pages 1 to 4.
Responsibility and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2022 ('the Act,).
The charity's trustees consider that an audit is not required for this year under section 144 of the Act
and that an independent examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission {under section 145(5)(b))
of the Act, and
to state whether particular matters have come to my attention
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity
Commission. An examination includes review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts and seeking explanations from the trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit
and consequently no opinion is given as to whether the accounts present a'true and fairf view and the
report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me
cause to believe in any material respect..
1. Accounting records were not kept in accordance with section 130 of the Charities Act.,
Or
2. The accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which
attention sh
be drawn in order to enable a proper understanding of the accounts to be reached.
Signed..
Name.. Paul Rix
Relevant professional qualifications of body= Association of Chartered Certified Accountants
Address.. Evolve Tax & Accountancy LLP, Unit 2 Fordham House, Fordham, Cambs, CB7 5LL
Date..
21 2aZ

Cambridgeshire Federation of Young Farmers. Clubs
Statement of Financial Activities for the year ended 31 August 2024
Unrestricted Restricted
Funds
Funds
Trustees
Fund
Total
2024
Total
2023
Income and Expenditure
Income
Affiliation Fees and insurance
Donation received
Ball
SocialslFundraising
Show
National AGM
Sundry income
Bank interest
Investment income
Increase in value of investment
19,637.10
19,637.10
629.06
14,653.17
2,749.53
10,782.52
2,576.84
18,986.22
3,517.85
513.02
629.06
14,653.17
2,749.53
2,750.00
266.88
2,446.70
20,837.81
2,750.00
266.88
2,446.70
20,837.81
37.75
111.28
2,697.69
Total
18,031.76
45,938.49
63,970.25
39.223.17
Direct Charitable Ex
enditure
Salaries and NIC
Chairman's honorarium
Travel
Telephone
Insurance
Postage, printing, stationery and
advertlsing
Training
Subscriptions and licences
National costs
County AGM costs
National AGM costs
Eastern Area
Office equipment
Marketing
Child Protection
YFC office expenses
Sundry expenses
Bank Charges
13,813.17
13,813.17
14,219.72
134.64
951.86
1,248.54
190.37
1.333.39
190.37
1,333.39
901.17
1,213.50
50.00
2,583.90
349.78
901.17
1,213.50
50.00
2,583.90
349.78
1,423.79
1,447.83
85.00
3.715.20
408.25
(736.86)
(736.86)
{121.17)
329.04
329.04
115.75
121.51
143.36
115.75
Total
20,027.46
115.75
20,143.21
23,778.53
1of4

Cambridgeshire Federation of Young Farmers. Clubs
Statement of Financial Activities for the year ended 31 August 2024
Unrestricted Restricted
Funds
Funds
Trustees
Fund
Total
2024
Total
2023
Income and Expenditure
Other Expenditure
Start up grants
Ball
Socials
Show
Removal of Show bank balance
Other activities (including website)
Audit and accountancy
Decrease in value of investments
9,474.30
9,474.30
15,196.44
2,195.00
47,982.17
1,310.60
950.35
2,195.00
47,982.17
1,310.60
950.35
2,551.06
914.00
1,090.25
12,129.00
Total
61,912.42
61,912.42
31,880.75
Total Incorne b￿d
Total Expenditure bl￿d
18.031.76
(81,939.88)
45,938.49
63,970.25
39,223.17
(115.75) (82,055.63) (55,659.28)
Net IDeficit)Ilncome for year
63,908.12)
45.822.74
18,085.38
16,436.11
2of4

Cambridgeshire Federation of Young Farmers. Clubs
Statement of Financial Activities for the year ended 31 August 2024
Balances
2024
2023
Balances bl￿d
Bank Accounts
County account
Investment account
Show business reserve
Friends account
Investments
COIF income shares
Charishare income shares
Debtors
Accounts receivable
Alc 5476
Alc 90210
515
6,629
47,982
6,253
554
13,437
47.658
5,927
Alc 4029
61,379
67,576
32,043
40,944
45,546
39,570
72,987
85,116
2,340
450
136,706
153,142
136,706
153,142
Add Unrestricted Receipts
Less Unrestricted Expenditure
And
Add Restricted Receipts
Less Restricted Expenditure
63,970
82,056
39,223
55.659
{18,085)
{16.436}
(18,085)
(16,436)
118,621
136,706
Balances
Bank Accounts
County account
Investment a¢¢ount
Show business reserve
Friends account
Investments
COIF income shares
Charishare income shares
Debtors
Accounts receivable
Alc 5476
Al¢ 90210
656
6,905
515
6,629
47,982
6,253
AJ¢ 4209
6,485
14.046
61,379
48,322
45,503
32,043
40,944
93,825
72,987
10,750
118,621
2.340
136,706
Fund Balances
Unrestricted
Restricted
113,095
5,526
131,180
5,526
118,621
136,706
3of4

Cambridgeshire Federation of Young Farmers, Clubs
Statement of Financial Activities for the year ended 31 August 2024
Investments
Value at
01.09.23
Additions at
cost
Disposal
proceeds
Change in
value
Value at
31.08.24
COIF income shares
Charishare income shares
32,043
40,944
16,279
4,559
48,322
45,503
72,987
20,838
93,825
'Value of COIF as at 31 August 2024 (2370.07 units @ £20.39 per unit)
"Value of Charishare at 31 August 2024 (5861.0765 units @ £7.76 per unit)
Summary of assets by funds
Unrestricted
Funds
General
Restricted
Funds AGM
Trustees
Total
Investments
Cash funds
Debtors
93,825
143,882
10,750
93,825
14,046
10,750
(135,362)
5,526
Net assets
135,362
248.456
5,526
118,621
Assets retsined for the charity's own use:
Fund to
which asset
belongs
Current
value
Cost
Photocopier
Office fixtures and fittings
Display boards
General
General
General
2 x computers, 2 x so￿are
& 1 external hard drive
Purchased November 2017
Purchased November 2018
Purchased May 2019
Compulers
Laptop
Outlook So￿are
Digital camera
Shredder
Spaceheater
Printer
Projector
Trustees
Trustees
General
General
Trustees
General
General
General
1,552
650
80
199
140
170
340
4of4