APPROVAL Spalding & District Young Farmers Club Annual Report and Accounts For the Year Ended 4 April 2024 APPROVAL
APPROVAL SPALDING & DISTRICT YOUNG FARMERS. CLUB CONTENTS PAGE FOR THE YEAR ENDED 4 A Page Officials and Addr868es Truslees, Annual Report statement of Financial A¢tivitie8 Balance Sheet Note8 to the Accounts 5t07 Independent Examin•rfs r•port SchA APPROVAL
APPROVAL SPALDING & DISTRICT YOUNG FARMERS. CLUB OFFICIALS AND ADDRESSES FOR THE YEAR ENDED 4 APRIL 2024 Trustees James Needham H8ndrin8 Tibbs Michael Sullivan Amy Tawn Will Stovanson Russell Newell Kérry Gratton Sophia Tibbs President Vice president Chaimian Treasurer Vice treasurgr Vico chaimian Vice chairman Secretary Charity Address clo Kate Knlght YFC County Office The Llncolnshire Showground Grange-D&LirKJs Llncoln Lincolnshire LN2 2NA Independent Examlners Peter Wright FCCA TC Group 1- 4 London Road Spalding Llncolnshire PE112TA Bankers HSBC 8 Market Place Spalding LIn1nShIr8 PE11 1SN APPROVAL
APPROVAL SPALDING & DISTRICT YOUNG FARMERS. CLUB TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 4 APRIL 2024 OfflG•rn •nd addT•••g• Deta115 of the charlvs current 88rvlng offlcers. prlndpal adv180rn and addres5 are li8teil on page 1. Govemlng dorumont The Spalding & District Young Farmer8 Club 18 affiliated lo the National Federation of YDung Farmers. Clubs. The dub's goveming ijocurnenl is the standard (x)nstslulion for an op8n ¢lub and w45 approved by lh¢ members al the general meeting held on 15 June 2021. Charity tfU•tO08 Thg charity 15 administered by a management commlttee ¢on8i8ting of 8t least three tsiJstg88 mu81 hold office as Ihè dub's ¢haiman. vicè4haim)8n. 8ecretsry. treasurer or leader. Trustees are appoinlvjd by the dub rnembtsrs at thè dub's annual genernl meeting. The IN8te88 servlng the charfty durlng the year are as follow8 :. TN•t•g Offlc• h•ld chang durfng year Appolnted R••lgned 1410612023 John Wakefield Jamè8 Neodham Jame8 Needham Hendrlna Tlbbg Samual Warrtck Mlchael Sulllvan Russell NMII Kery Grallon Wllllam Stevenson Amy Ta% Wllllam Stevenson Ru$Jg11 Nv4pII Alllp Flelther Sophla Tbb8 President Pre8ldent Vi¢e Pre$ldent ce Pr¢sldont Chairman Chalman ce chbiman ce chalman Trnasurer Tre8sur•r Vlee trea8urer c treasur•r Secretary Secretary 1410612023 1410612023 1410612023 1410612023 1410612023 1410612D23 14106r2023 1410612023 1410612023 1410612023 1410812023 1410W2023 14100r2023 Obl•cllv•• of th• charfty The obl•ctlves of Ihe club ar•'.- (•) to •dvanrA tho edu¢allon of young m•mb•r8 of the publlc at larye In agricultur•, home ty8ft8, untry lffe nd rtlatad subject8 and Ib) In the interest of the 80¢101 lIar¢ of $u¢h member# lo provid8, and promote Ihe provlslon of fadlllles lor recreallon and other lts18ure Ilme occupallons, belng facblbllos lch lll improvè their condllions of life and vlll 1488181 in the development of theSr $plrftu81 and méntal rapacilieg, 8el&rellanc and IndIdual re•pon41bllty 80 that they may glow to full maturity as individuals and member8 01 the MmunIty. The chontls maln aclSvSty 58 fund ral$lno ev•nt8, aid6 the charlty In meethyj tt8 tharllabb obl•dlvg8. A¢hlovofflents •nd Pgrlorm•n¢• Thg chartty S$slIY ran or p8rtldp4t¢d In the follovan9 e¥ent8 durlnp the year. Tractor Working Day County YFC Qulz Compelmon Chdstrnas Tractor Road Run Spalding YFC Chrfslma8 Meal Pgty Spaldlng YFC Club Ball The dub had 50 •Jlty subsorfbed m•mr$. Ro••r¥v Poll¢y General funds vlthln the balance sheet amount lo £33,482. TNS reserve represwts the free re$erve$ of the Association thich are available to further Ihg obleclives of Ihe chaiity. Any future incre8sè& in thi8 fund %MII be ullll8ed In Ihl8 way. The charitys financial reports are shown on page$ 3 #nd 4. 81gngd on b•h•lf of tho tru•ts•s: Ilchagl Sulllvn Ichaimian Dat•:... 31105124 APPROVAL
APPROVAL SPALDING & DISTRICTYOUNG FARMERS. CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2024 2024 Notos General B•n•volent Fund Fund (Unre8tr1¢tsd) (Unr•strlct•d) 2023 Totsl Funds Totsl Funds Incomlng resources Activities for generating funds 25.257 25,257 18,613 Invesknent Income Total Incomlng resources Resource8 expended Costs of goneratlng fund8 Cost8 of generatlng voluntary incom• 2,100 2.100 2,000 Charftablo actlvltles 3b 12.273 11273 11,429 Governanco costs 3c 3.558 3,668 2,281 Total rosourc•8 •xpend•d Net outgolng resourcos before transfers 7,328 7,326 2,905 7,326 7.326 2,905 after transfars Total funds brought forward 26,166 26,156 23,251 Fund• tran$f•rred Total funds carrled forward The notes on pages 5 to 7 fomi a part of the financial statéments APPROVAL
APPROVAL MÈ DI TRICT YO AT lun TanglW• *Ss•l¥ aundry v•dknr• and o¢duals Nat Ctsnprit A••th . . Ich••l Sulllv•i 31105/24 APPROVAL
APPROVAL SPALDING & DISTRICT YOUNG FARMERS, CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 4 APRIL 2024 1 Accountlng Policies Basls of accountln These accounts have been prepared In accordance ryth: a) FRS 102; and b) Accounting and Reporting by Charities - Statement of Recomrnended Practice (SORP FRS 102) and c) the Charities Act 2011. nc mln resources Donalions, logacios and 8lmllar Incomlng resourc•$ These are included in the Statement of Flnanclal Activities {SOFA) when.. a) the charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met. b) th8 trustees are reasonably certain they 111 receive it., and c) the trustees aré reasonably certain that the value eAn be reliably measured. Tax r•clalm8 on donatlons and g1ft• Incomlng res¢)ur¢•8 from tax clalms are Included on the SOFA at the Same tlme as the gift to which they relate. Incomlng mourc•8 from fund-ral•lng These are reported gross in the SOFA Glfts In klnd for Sale or d18tr1butlon These are included in the accounts as gifts only vthen sold or dislribLrted by the charity. Gifts in kind are accounted for at a reasonable estimate of thelr value to the charlty or the amount actualty reali8ed. Glfts In klnd for u•0 by th• charlty These are Included In thé SOFA as incoming resource8 when receivable. Int•nglble Incomo1•.g. donat•d facllttl•s) This 18 only included in incoming resource8 (vith an equlvalent amount In resources expanded) there another party Is bearing the financial cost of the resources supplied and the benefit is quantlfiable, recelvable and materlal. Intangible income is valued at the lower cost borne by the party bearing the cost and a reasonable estimate of the value of the donation to the charity. Volunt••r holp The value of any voluntary help received is not included In the accounts. This and any associated tax credlts are included in Ihe accounts when receivable. endltur• and LlabllFII Liability re¢ognition Generally Ilablllties are reeognised as soon as there is a legal or constructive obligation commitiing the charity Assets Tangible fixed assets for use by charity These are capitalised rf they can be used for more than one year. They are valued at CO8t or a reasonable value on recelpt. The charty does not have a policy of revaluation. APPROVAL
APPROVAL SPALDING & DISTRICT YOUNG FARMERS, CLUB NOTES TO THE ACCOUNTS OR THEYE R ENDED 4 APRIL 2024 2024 G8n8ral Bonevolont Fund Fund IUnrestrl¢t•d) Iunrostrlctgd) 2023 Total Funds Totsl Funds 2 Incomlng resources Incom• from actJvltlo8 for genoratlng fundB Subseriptions Dances and socials Clothing sales Christmas Donation Raffle Spon$orshlp8 Grant Income 2,957 14,864 2,238 360 2.967 14.864 2.238 360 2.295 4.257 70 9,740 315 900 535 500 1,066 2,SSO 1,223 1,085 2,550 1,223 b. Inv••tm•nt Incom• Intere8t r8celved Total Inc¢xnlng rn8ourc•• 3 Resourc expended a. Costs of g•n•ratlng funds Donatlon8 2,100 2,100 2,000 b. Charltabl• actlvltlos Dances and socials expenses Clothing costs Prlntlng, stationery, postages, phone and $undrie6 Bank charges Club activities Christmas expenses Depreciation Insurance 7.207 2,045 14 125 2,067 725 89 7,207 2,046 14 125 2,067 725 89 8,415 30 91 2,284 447 104 57 APPROVAL
APPROVAL SPALDING & DISTRICT YOUNG FARMERS. CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 4 APRIL 2024 . Governance costs Levy paid to Llncolnshlre Federation of YFC Independent examinerfs fees for reporting on the accounts 3,222 336 3,222 336 1.969 312 Total resources expondod 15.710 4 Flxed Assets 2024 Accumulated Not Book depreciation Value 2023 Cost Val (15% reducing balance ba818) Spaldlng YFC Member of the Year shield Spaldlng YFC flags Marquee Photocopier Club banner Promo banners Banners 98 260 103 180 426 192 310 92 192 79 131 310 129 148 58 24 49 116 63 162 68 28 57 137 74 477 562 si (100h reducing balance basls) New m8mbors nlght Slgn 108 42 47 108 66 42 47 066 s Credltors and Accruals 2024 2023 Creditors 318 300 318 300 6 Debtors and Prepayments 2024 2023 Prepayments APPROVAL
APPROVAL INDEPENDENT EXAMINER'S REP RT TO THE MEMBERS OF SPALDING & DISTRICT YOUN FARMERS. CLUB FOR THE YEAR ENDED 4 APRIL 2024 I report on the accounts of the Spalding & District Young Farmers Club for the year ended 4 April 2024, which are set out on pages 3 to 7. Respectlve rnsponslbllltles of trustee8 and examlner The ¢harty's trustees are responsible for the preparation of the accounts. The charlty's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examlnatlon Is needed. It is my responsibility to: 1) examine the accounts (under section 145 of the 2011 Act); 2) to follthy the procedur88 laid down in the General Directions given by the Charity Commissioners {under section 145{5)(b) of the 2011 Act),. and 3) to stste whether particular matters have corne to my attention. 8asl8 of Ind•p•nd•nt examlnerf$ report My examination was carried out In accordance with the General Directions given by the Charity Commi$$ioners. An examination includes a review of the accounting records kept by the charty and comparison of the aGcount8 presented with those records. It also indudes conslderatlon of any unusual items or di8cIo8ur8s in the accounts, and seeklng explanations from you as trustees concerning any Such matters. The procedure8 undertaken do Th)t provide all the evidence that would be required in an audit, and consequently I do not expre88 an opinion on the view glven by tho a¢¢ount8. Ind•pendont oxamlnerfs statement In connection wlth my examlnation, no matter has come to my attention: (1) which gives me reasonable cause lo believe that in any material respect, the requirements (a) to keep accounting records in accordance vlith section 130 of the 2011 Act.. and (b) to prepare accounts which accord wtth the accounting records and to comply with the accounting requirements of the 2011 Act have not been met. (2) to which, in my opinion, attention should be drawn in order to 8nabl• a propor under$tanding of tho account8 to be reached. TC Group 1- 4 London Road Spalding Lincs PE112TA Date: . SchA APPROVAL