REGISTERED COMPANY NUMBER.. 04699221 (England and Walès) REGISTERED CHARfTY NUMBER: 1098759 of th• Tru5te8s and UMudit#d Financial Stnnts ftthe Year Ended 31stA ust 2025 The Devon Federatlo ofyou Clubs Limit8d F•m*r5 Acom Guarantse ATC Aths Cts3rter&J A(tounlants Unit 2 tnheVed Court Pennygillaffl Way LAUNCESTON Corrwall PL15 7ED
Clj$ Contents of Financial Ststemen forthe Year Ended 31st A ust 2025 Page Report Of Truslees 1 to 5 Indtp•ndont Exwnintrfs R•port ststement of Flnanclal Actm Balance Sheet 8 to g Notes lo the Flnanclal Slaternents 10 to 19 D•tslJèd Stat•mènt of FInal•l Aclfvltiès 20 to 21
Federation of Youn Clubs Farme Re rt of the TFU5te85 forthe Year Erlded 31st Au t 2025 The tnjstees who are also directo of the (knrity for of th8 C(xnpani& Act 2(. pr858nt Iheir r8tx)rt valh the finandal Statnts of the charTty for the year erled 31st Awusl 2025. The tt have adopted the prowsh)ns of Accounting and Reporting ty charIt$. Stalement of Rewmmended Practi applicable to charits.es preparfng thelr a(xounts in a(thrdan wth Ihe Thal ReFth"ng Siandwd appb in the UK and Repubk of IreLgnd IFRS 1021 18ff8ctiv8 1 J8nu8ry 20191. The charlty was created by way of a Jrwger wrfh th8 funds of tvon Cwnty Ferthn of YouThJ Farmers, Clubs (charity nurnber 3010291 beit¥J transferr c¥) inCorFrab.0n C 24th Awust 2006. The fuThts of John S(ear Memorial Fund lcharty nuntrr 8101461 wet8 also transferred into Ihe dwrity on 15th Marth 2012. OBJECTIVES AND ACTIVITIES Oblectlves and act1¥e$ The Executive confirm that tlw have TElerTEd to It gubjajxe ccx)tslwJ In ihe Charlty Comtnisslon'5 gFn8r81 guid8 on publ benefft when reviwng the Devon Fed8ralyJn of Youry Famws. Clubs. 8im5 8nd ObltiveS and in planning Jture activitss. Objects DFYFC (A)1 ar8 to.. a(fvance the e(kKatrJn of rrembeTr ofthg publc at brge, in agrirxJlbAre, Ixjme r¥afts, ITfe and Lated subpcts,. aTh in the interests of the soTral wewarè of Sh rrM)bers to sYovNJe, aThJ promote the provisK)n of, falthe5 for re¢atn and otsr tIre time (ttupthns whth wll irnprove their (don8 of life and will assist in the development of their spiritual and ntaI carwAbes. Self-17rt and fftdMduaS resFfjnsibilbes so that they grcvi toful tnaturty as indWNjua arKJ Ir)berS Of1 cornnty. Furtheranc• of Objects DFYFC futhers these objects by [dIng sUprt to (G network of rJJbs W1n Devon, to provide youTrJ people in rural araas vlth opp)rtuntties for perso[1 and sctial devel)prt throh a programme of aCtiVe$ aThJ contact, thus enabling them to beco responsib adults equipped w51h cOnfi(e sk(ILs to make a )ntUlJn within th8ir comrnuntty. The Devon F8deration 58eks to achieve by.. offering opwrtunts for [sonal growth throLwJh wlth yOLry P8049 Lxn d8vahw s1. (xJnfjd8nrA and provwJiNJ ways foryourrfJ to express I1rv8 aThJ be heard" offeriro a varWofinforrn818ducatim 8ctNiI. prLV8rnrn85 8nd exr£S 8r8 Ttn81. wrAal and fvn., m8int8lning a stroNJ countythe ment prcwJramrrEs incljding rekvant famlNJ Inks.. enablirvJ members to b8 ftjlty invothl in th8 deck%ion tThaknng olthe (xgani5ation atKI h8ltMr¥J them rewnise. Teflt upon, value Ihe Mir¥j prCM invofved., being accessib to all w)ung e0P regard5 ofth bgmuThJ. ctrwrnslan. appearan 0rbelfs. Publlc benefft The trustees have h8d reg8rd th8 Charity CIXnrn5IDn'S guKlanr on plkn1 ben8fft. P8g8 1
Fgd•rallon of You Clubs Farnws rt ofthe Trustees forthe Year Erbjad 31st A ust2025 ACHIEVEMENTS AND PERFORMANCE Achievements and Perfomiance At the end Df the finan81 year 1.480 youro tpIe %%tre members of the Devon FpderatK)n of Young Farm8rs' Clubs. A uge nutnb8r of addthnal peopte aL80 nefi1 from the otgani%abon by attending 8v8nts a5 gsts and as speakers. ith8r in person or vkq onlire meetiry. There are 37 dubs in Devon, each 0fwhh to ore ofthe six area groups wthin the County Federation. It is very Important to the Federath?n that youro rwb. eSla te from rural areas, can engage in positnie adivthes and to sur8 that these young are athely irNofved in their Lxxnrnunth85. YFC not onty enMpasseS training and (x)mpetitions but engage5 fEgukrly with he4)ing kMxI (xjmmunths vkg tharity work ancl practhxl acuvities. Devon YFC nlinues lo provvje ycung Peop wtth Opnths. personal and 8orxql development culbjral awarenp5S, through programme of acbvities, enabling them to becorre resronsible adults eqL¢iP@ wilh the cOenCe 8nd skills to ntrfbute to their communty. Devon YFC FKOVKles recreation DPpDrtyJn to rnernbers of the publi¢ as it showca58S the achievements of tts MberS orMI of rural Ffè - at rural arvj Jrur81 and events where the Publ rnay spectste or partiipate. One of the ouistandiNJ argas of e[reI IFHt mertef5 of Den yjr FaerS continutr to Èxcd at Ls in thg amount of furraIsIrj that memrS thj fw a rary ol chanues. Tfw havè ContinUj to focus th•r efforts on raisirKJ money for 8XC8llent CALtses induding Royal Agrw)jlaI Bènèvoknt Mtiut8. Devon Ar ArnbularKe Trust, and the Farming Communty Netrth. We are forever Indebtwj to our members for thèir stroro sense of (nnUnty and pc6the impact they hav8 on their resldents. Club5 arml groups ha¥8 nurrer(w jraL$1j ar1 CL)mmunty proFc15 whh will ensur8 residents will have a better qualty of lrfe. The irrJease In youNJer aLtyJ rnr5 a)n1]nL tt) energ9 t#rt akn chal clubs, wrth several dubs now brn1r junlcw onty cknbs ¥1 Ihe unty. Ojkn trj hal8n an indusbie aTrJ age-appropriate proyrdtnrne wilh tme wrrect measurES in pkn to acbthes lo run saw. offirS have nts"nUed to complete the NFYFC Safeguardlwj Aw8rèn8ss trainir¥J this vra serve to t51 in ts"rablObes to run a safe dub. Devon YFC (xjntinues to see the impact of parKfern aThJ ntr the rTsing LY)5ts of Imng and. 81ttK)ugh Ihe members have iEen Incredib with thew suptKJrt of Ihe (gantsatK)n arKI txjnstant tM)SrtMty, we are sl'll WItsSIng a decline In uptske of some socral aclwitE5. Thks a trend acro&8 YrAJth a1 Stthyent sector too. The County Offer5 are working lo ensure 8vents ar8 rK)t onty finanaalty viable tMJI a rM)pubr wrth wr rrent rnembership. This cu[ 5hfft 11 continue to hav8 a huge impact our finances for ai nexi year. We are extretnety gmteful to Ihe volunteeTS, of all age5, WIK) so generousty gve up th1 b"n to Sup[ the [neMrShiP in so [TnY Vfdys. Their encouragement and dedication to the Ferat k8 inVaab and wltK)ut Ihern we )UkI rKrt b8 abb to make such positive dfftrerKe lo the fves ofso many yLwfvJ PeDP. Investment perfomiance The tte&s, intention dur Ihe per1 wa5 lo maintsin 1£bIty Thi rfs invesbyknts and kYot8Ct th8 caprf81 valu8. They have had to grpt arolher year of low interest gwen the rates c#Jrfy avagab. as wèll as a dlin8 in investment incom8 due to the downttjm n the gh)bal ecorM)my in 25. FINANCLAL REVIEW Financial positlon As shown in lh8 Statément of finarKxal actsvrtps on page 7. incx)ming resOlff have decreased thL8 year by £6,310 to £299,701. Total r8sources expense5 thi5 year have decrea thi8 year by £22,621 to £333,135. There has b88n a lo& on inv8Stm8nts of £1.221 thi8 year compa to a gain ksl year of £23,062. k a resuK there an overall deficit after gains and k)ses on InvesMents 01£34,655 compwEd wiu) a deficit in Ihe prev year of£26,683. The rnarket yue of the equty inv8sim8nt 8s at 31st ALWJUSt 2025 was £202,670 12024: £228,892}. 95.15 untts were dist durlNJ ts y8ar. r881i5ing a gain (rf£16207. Th& total fvnd ban as at 31st August 2025 £546.175 in Trslrthd fur¥Js and £179228 in unrestricted fvnds, gwing a total balance of £725,403 {2024.' £760.058). Rèsèrves pollcy The trustees have revie¥d the Feder8tion's n88d for r85erv8s aThl. in In8 V1h Ihe gumlartt issued by the Charity ComMisn they have agreed th8t it is pnjdent to have reserves equIvanE to one yeavs running costs lapproxlmately £180,000), whih (xjmprise total expernlrfure kss the cthts iebted to Charitab activrties. Unrestricted free reserves 8t thL8 ¥1 will gnabk the Federation to n*et its labl1"eS to slaff aThJ fuffil tem)s of ds Contrtual atfdngom8nl8. s at 31st AtyJust 225 the Charivs totsl reseNes wèrB £725.403 12024.. £760.0581. Unrestricted free reserves availab for spendlng as at 31stAugust 2025 wwe £107.79312024.. £131.1041. P8g& 2
Devon FratIon ofyou Club5 Farrne rt ofthe Trustees forthe Year Ended 31st U5t202 FLITURE PLANS The rnain airn for DeVC Federation of YFC is b provhle OPF(¥bJnths hr [sonal and al lopment 8knngside ensurlw that all merTthrs are fulty irNofved w5th tr decIsi)n-m8ki prcress ofthe (rfganisation. The oJrr8nt focus i8 to ensu that DFYFC is fin8Thxatty Se aThJ not d&pdent on thrt lem) fundirvJ. We can achi8V8 through several rneasurès irmludiry: Revn9 membetship W and ring as to ertsurè 8 strong ffemtershlp b. SeekirvJ 5ponsor5hip of not onty the organk%atitin bLrt akn specific actsvibes througlK)Ut the year. Ensuring county Offi LltinUeS to arliwe vak for mney wh8n prIring 5uppIEs and s6rvMx. Applwng for grants to furMI specThlc aspects of the fra11)n indudiro Irainiro. STRUCTURE, GOVERNANCE AND IMNAGEMENT Govemlng docum•nt The ch8rity is control by rts LL)vèming (kKum8n( a deed of trusL arKI (xKhstitits a limitgj Mpary. limiled by guarantee, & defid bytr Compani8s Act 20. Organbatlonal struthr8 Th8 gov8ming board of DFYFC. as th8 EX1the. up of representslfves frorn 8ach of our affliated Clubs ancl Groups and up to 15 indNidu. BoaTrl of Mawement Lkn8fdl CnCil are sub mmittees ol t)e Executiv8. Key rnana9ement r#muner8tion The key management personnel of Ih• charity comF¥w ts Trustees, Federation's cOty lknnisèr and the Tre8surer. Risk management The trustee5 hav8 as8essed the rna rtsks to th8 (tsity is exFK6wJ. in thr6e rekted to the op8ratr)n of its financ88, and are Satis that systerts ar8 in pkn to mrfhJ* exposure to rTBi?r risks.
Federation otyoun Cknbs Famrs forth8 Year Enthd 31st Au ust 2025 REFERENCE AND ADMINISTRATIVE DEfALS REGISTERED OFFICE AnM)ry BuiklwwJ Cheriton Bshop EX66JH REGISTERED COMPANY NUMBER 046g9221 IErybThl W8kn1 REGISTERED CHARtrY NUMBER 1ce8759 I9& with 301029 aTrJ 8101461 Consthutsn ofthe FratKJn. alOr with ts [[KIuM ènd tie5 of GOVERNING INSTRUMEpir CrOPt8d TrLes app)intsd by Th)minalKJn wth volThJ SEcRARy Fem GROUP REPRESEKfATfvES Dan1 Ley SophE Ptatt May Victoria Squire COUNTY OFFICERS Chkne ACOll Kay19h Lovegn)NB Annekse Retdlick Harry Eliett D8ni81 Grist PhoEbe Patker H8nn8h "¢h DIRECTORsRusTEES EnTh Gkngher cre ElXY Les1 AnrESe ReUkk Kan Skr Dan L8y Dand Grist Peter Re Kigh Lowrove inted 28.112024 chk Ar5(x)tt Ell8n Layzell May Sophie Pratt Hary Sprag Chrtslopher Be Amy Lethbridge Ph(Ebe Parker Harah Rith . Vilri8 SquirB Res. 28.112024 ison Ba18don Chrotopher Drnvn Ben May Imogpn NorthrTe XAnder Rc*SJ Robin Bennett &lbert ThL¥lla5 N8ncekNdl Gena Pen1 JrKdan Winter TREASURER Salty N15 COQPTED DIRECTORS Christoph8r Be Emma Galknjher Peter Reed Ckle Edworty L&s1 Heywood Karen Slat8r INDEPENDENT ADVISORS ATC Advwrs Chartered ArAX)untants Unit2 DunheVl Court Pennygilkm Way PL15 7ED
Dèvon Fèd•rntion olyoun Club5 Famwrs Re rt ofthe Trustee5 for th• Y•ar En(kd 31$t Au t 2025 BANKERS 25 Gresham Slreet Lon(k)n EC2V 7HN i.i.-l.i.i.la.s..-.......... Approv8d by OTder of th8 L¥Jard of trust8es on ........ . arKI sb3n8d (xh ts tehalf ty. Ms K Lovegrove. Trustee PwJ• 5
kndè nd•nt Examinèrfs R to thè Trustèè5 of The Devon Federation ofyoun Fanne Clubs Independent examlnerfs report to the trustees of Th Devon Fedprdtlon of Young Farn18r5 Club5 nhe Compan I report to Ihe charity trtJst88s on my 8xarnination of the 8cxYJunts of1he Company for the year ended 31st August 2025. R&sponsibilrtiès and bas15 of report As the charity's trustees ofthe Company also ts dire(knrs lor the pt1rFx ol p8nY bwl you are respolb for the pparati0Th of the &counts in accordan th8 rwuirenEnts ofthe C(Thpanies Act 20 Cthe 20(6 ACYI. Having satisfied mysew Ihat Ihg acuunts of the Comparry a ml to be aJrted ur¥Jer Pèrt 16 of th8 2006 Act and are eligibje for independent examinats"on. I rep)rt in peCt of tny examination of your thariiV5 a(xx)unts as carried out under Sectson 145 of tl Chantie5 Act 2011 fft 2011 Adl. In caErwng out rny 8xamin8tion I have folh)wed the Direcbons given by the Charity commkss urmkn h0n 145151 Ibl ofthe 2011 Act Indepvndènt •xarninerf5 Statemant Sin¢e your charivs gross income exceeded £250.000 yLXtr eXarnir must a m8rnb8r of 8 ld b(Mly. I ran confim Ihal l am qualthed to undertska the Bxatninatwjn LELxuse l arn a rnernr of th8 Institirte of Chartered Acwuntsnts in England aThJ Wale5. which i5 one of the IEt8d txxlw. I hav8 (x)rnpbtsd my examinatKJn. l o)nfinn lthat no matters have com lo my attenlbn h cOntCtion th thg exarninalion gNing me cause to accounting records wer8 mt k8Pt in resrct ofthe CoTrwny as required ty Se¢t)n 386 of ble 2006Act, or th8 )untS do not acrd thosè reD)rds: or th8 accounts ¢th) Th)l mpty with the luntirj rIreMentS of sknn 3% of the 2006 Act oth8r than any requirement that the accounts gfve a ar¥J la VEW whith is a tnatter (x)n5Kl8rBd 88 Part of an independent examination-, or the accounts have tKrt been wepared in a(xX)rd8r with the m8lknls and prinup]es of Ihe Stalement of Recomrn8ThIed PrdclirA for arAYJunting a1 rerM)rtsTrJ by chariles lapplicable to (knarities pparij 1r accounts in 8crthanix wth the Finaroal ReporbrvJ StaThYard aFfJlKable in the UK aThJ Republ of Iland IFRS 102I}. I have concems and have corTE ac[ rm) 0r matt8r5 in In1)n with the 8xaminatrJn to whi¢h attention should be drawn in thk% r8port ord8rto 8nalAe 8 proper MIerStal of ts )Unts to be wched. Sarah Gay FCCAIACA ATC A(Msors ChartEred Accountants Unit 2 Dunh8v8d Court Pennygilkrn Way LAUNCESTON Comwall PL15 7ED Dats: ............................................. Page 6
Tho Ogvon Federatlon ofyou Clubs Farmer statement of Financial ActiVSt for the Ygar Ended 31st Au ust 2025 2W25 Totsl funds 2024 Total ftjnds fun(ts INCOME AND ENDOIWMETr¥fs FROM Donatsons and grdnts 1¥053 138,053 138,489 Charitable acilvmes charitab Actiwrtie5 lo94 22278 131,342 133.618 Other trading activibes Invèstmènt Swme other income 28276 157 1.873 28276 157 1,873 31,762 282 1.860 Total 22378 299,701 306,011 EXpENDuRE ON Rarsing ndS 6T68 67.868 Charftable athmes Charttable Activrfu"es 1n.044 41A74 213A18 211.174 Olher 51,849 51,849 Total 291.761 41.374 333,135 355.756 Net gains1(b&sl on irN85trnènls {12211 11,2211 NET INCOMEIIEXPENDrruREI 115,) 119.096) IMeSS1 26,e831 RE¢ONCIUAT]ON OF FUNDS Tolal funds brought forward 1W787 565271 760.058 786.741 TOTAL FUNDS CARRIED FORWARD 179,228 546,17S 725,403 760,056 The rKtesform part ofbkne finaroal statements Page 7
The Devon Fethon ofyou Farm•rs Clubs Re Istered numbBr. 04699221 Balance S 31stAu ust2025 2025 Totsl funds 2024 Total lunds nds FIXED ASSErs Tangib assets Invesknments 14 15 7,103 168245 505A14 512.517 202.670 525,505 228.8¥2 175W8 539139 715,1B7 754,397 CURRENT ASSErs Stodts Debto Cash at bank and in hd 16 17 5.199 9.005 35.186 5,199 9,005 41.522 2,219 13,632 21,062 Q336 55,726 36,913 CREDoR8 ArrK)unts falling du8 w[ID one year 18 I4510) 145.5101 131,2521 NEf CURRETr ASS5 10,216 5,661 TOTAL ASSETS LESS CURRENT UABILrnES 17922B 546.175 72S403 760,058 NAsSErs 179228 546.175 725,403 760,058 FUNDS unrestri funth RestrKtsd funds 179,228 $46,175 194,787 565,271 TOTAL FUNDS 725,403 760,058 The charitable company k% entiued to 6xernptNJn IrDm aJit wx18r Secbon 477 of Ih8 Companigs Act 2(X)6 lor the year ended 31st Ak¥JU5t 2025. The membeTS have not required the ccmpany kn obtaSn an of its finantsal ststèments ft)r lh8 year 8nded 31stAugust 2025 in acrttan wbth Sethn 476 oftt CompanEs Act 20L. lal ensuring that the (8r11ab rXry axjuniry tst (ompty wlth SeCn$ 386 and 387 of Compani8s Act 2006 and preparing finanwl staiements whKh gNe a twe and fair VEW of state of afPdS of the charitalA8 company as at ihe erxl of e&h financial year of its surpbts or deffi1 kn each financi81 year in a(xxJrdan(% with the requirements of Secbons 394 atyj 395 atKI whth cornpty with 1he requirements of the Companw Act 20Qb relakn)g to finarrial 5taterTEn&. so tar appJKxb to Ihe (*harit8bJe wmpany. Ibl Thè >1$$ forn part of Ihgsè finartial statèm8nts Pag8 8 ntinu...
Thè D•von F•dèrntion otyoun lubs R istered number: 041 lan¢e Sheet- conllntd 31st A ust 2025 These finanual 5tat8rn8nts hav8 pr8pared in Yan with ihe provtsi0r appl1b to LaritatAè cornpanies subject to the small companies The finandd slatemonts aFyDV8d by ts Board of TnleeS and author6d for issue on .. and were on ts behalf by.. K Lovegrove~ Twstee A Retallick. Trustee The mtes fcm part ofthe$8 firal Ststèrts
Dwon Fodwatlon olyou Clubs Fam•rs Notes to the Flna forthe Y•ar Ended 31st Au ust 2025 ACCOUNTING POUCIES 8a818 of preparln9 the finon¢lal strtents The financial statetnents of the tharItab (x)tnp8ny, 15 a pulAic bePfft enbty utKIer FRS 102, been prepared in acx7Jrdance wth the Charrtses SORP IFRS 1021 Accounting and Rerhrj by Charibes.. Statement of ReMmended Pr8ctic applic2bk to ¢haribes prepediro Iheir wnIS in atrdan with the FInajaI Rewrtsng Stsndard appkable in the UK Repubk of ITrd IFRS 1021 leffectbve 1 JanLuary 20191,, Finanoal Reporb"ng StarKlard 102 The Finamal RetirJ Standard applthble in lJ)e UK and Republic of Ireland. and the Cofflpani85 Ad 2006. The fina1 stat8tn8nts hav8 been prEpar1 under th8 historical (x)st (x)nvention. wrth tre exwtion of inveslments are at [Iket value, as [Klrfy by the waluation 0frlI) assets. The charty CL{Ules a p{liC bfft enlty as deffinl by FRS 102. The trustees 8re ofthe view Ih8L based on ts bvel ofibfijnds, the ch] rerroins a pirMJ ¢XIrM. Cornparhy statu5 The tharity is 8 company Smited by glntee. The merrtrs of the company indude Ihe trustees wtr are alsL) ordinary m8rnIr5. In th8 8vent of th8 (tharity %Und up. m8mb8rf5 in of Ihe gU8rante8 are lirnitgd to £1 p8r m8rthr ofth8 ch8rity. ncome Donaticns & Spcnsorshlp Incorne frorn donations a5 deladed withwi te5 to finanLial statetnents. and the affilratx>n leyy. Suth incom8 is rwnised in the in which Ihe th8nty i8 enliw trj rlpt and Ihe anUnt ran te TrSured with reasonab rtainty. The affItiOn levy is ILIed in the year lo whith the W rebtss. Charltable actfvttles Incorne reLgling tD tharilab prOPdarbvls Lzrried out by Ihe organisation. itthing Lnty activities, Int8mati(I Youlh Extharq8 Lif8th11s prciwA arul 0th8r p[Dl incorne. Suth in(x)me is l)Unted fc in th8 perKMI to whth it r81at8S. othertrading activttle5 Consists of sales and advertising in annual Year Book and rrthlJ)ty n6TrYs, inctjrrt gertated from YFC Centre facilthe5, fvr¥jralng and sccial events. Such )uftted fDr in Ihe period to which it rektss. County actlvltles InrA)me derived from ts Cwnty prryjramme as agreed by Ihe rremtership inCdeS Ihe County Sh)w and other CompetitDns. These acbvrbes are prinwrity edln81, provkying trainirMJ in lrfe skilts and are airned al the rsonal and social devek)ptpEntof ts ywng Peop aThJ any irKx)tr genernbon ts a secondary ts). Invesknent Iorne Int8r8St reExv8ble i8 nted for on a rewd b8sB. Incorn8 generated frorn YFC Cerrfre fxilities Income is accrued in accordan with tr) whith it rektes. Bat)k Intsrest Cred(( is taken for any interest when Ih8 in18r8St 1815 du8 is alk to th8 typ8 of fund in which tre investments are heky. ExPendIre All expenditure L% accounkd for on an bas has been dassrfi&l under he•Jiros that aggwate all costs rEl8ted tts the teg(y. Where costs cant be threcty attrlbubj to Forbujlar headings they have all(ated to actMb8s on a basis (x)nsist8ntwth use of rpsOur. Costs of rai5iry funds Costs inculd in attracbNJ income aThJ 4w)JrreJ In athTks that raLse fvnds. CharÉtable activitres Costs inVo8d in ts PfOVkSK)n of serv. Other costs Include th)se Incurred In the y)vemance of Ihe (tsity 8nd ts a&88ts and ar8 rMarity a&Cl2t8d wth ConStrh.0nal and stattty requirements. P&38 10 ntinLWJ...
Thè D8von F•daration olyoun cb$ Farmers Notes to t nclal State for Ihe Year En(kd 31st Au contln t 2025 ACCOUNTING poucfES- continued Basic financlal Instrnmonts The charity On has finaal assets and lbieS of a knnd Ihat qlty as basi ffinan(xal in5trurtEnts. Basic finala1 Instrumenls recLfjned at transaclK)n vJue aNI 8ubwwty * thgir setU8nnt value. DonatlDns and gov•rnment grants Donations include financwl suprKJrt frorn the N8tK)nal Farmers UnK)n MLrtual Aur8r% Co, Mid Devon Ditrict Council, NatTraI Famws UnN (Deswj Branch), Soulh West Ar83 Grwp of YFCS a nUMr of ctsThm8raal organisat0. Govemment grants are rerrynwl 8t th8 fair walu8 of th8 a558t yed or when Ih8r8 15 r8asonab18 assuran that the grant (aThlrfKJrk8 wll th8 granL% V11 b8 A grant that specifies perf0mlan CoThj0ns i% re(oJnised in inrxrfne when the perforn)an condthns are met Wh8r8 a grant not sw(ify parfLmance condth it rectyJniJ In incon when the prcteeds aro receNed or weNatAe. A grant rel1 b8fore th8 re(Wt critewia 8r8 satisfEd is rnISed as a liability. Tangible flxed assets Depr8U8tion provK18d at thè ann rates in ordw to vnite off e&h asset over rts eslknated useful FreeId property Fixtur85 8t fftbrvJ5 2% on (a)siaThl p[idl foron Land StrawJht Ilne over 5 years, StraSght lirE over 10 years aThl StrabJht Ilne over 7 Stocks Stctks are valued at Ihe k)r of cDst and net rgalsabb vats. aftw 8thJvance for obsobte and sbw movlng Ttems. Taxatlon Fund accounting IA) Restrlcted FundB lil Memorial Funds These funds were set up to aswt memtrrs in tsr ÉdLthtK in agi¥)Jliurè. IK)mè crats. wunty rts gnd subpcts by provKling scholarships. Tr Y Retter meK)rIal Fund k8 for a trophy fi)r junket aThl butter mbking for PSentation to the nrr ofthe o)mFitson. lill Intemational Youth Exchange Fund This fuNI provides financial Sup[)rt to erKx)urJ8 Ih8 d8v8k>prn8nt ol Int8m8tionalism thruugh Int8mational Youth Exchar¥Jes Prov}INj parbcipants with an in(x8a51 awarere5s of olher cawntii8s. th8ir cultsjre liiil Buildiw Fund This thnd represents ts grants (k)n8tiorK8 reNed in order ID purcha58 th8 AJTK)ry building at Ch8riton BISp. This balance is reflected in fiK&Y assets 8NI be released from the restricted ftjnd through depredalkn In nne vthh the depKeaali)n polty. Ilvl Llleskllls Project The Lifeskills project fund Irud&S lh8 rBtsiPt ol grdrTrts aNI dontitiorts to uwj trMArds Irgining, induding work on mental heath, officers trairllrg and vocational training Ihrwgh th8 fu provl8d ty the Dartington Catue Bree(ling Tru5L Iv) cm Fund These fvnds represent a (kJnatK)n from Ihe PalTon &t¥)unt ttr•Arts an aLqmi CCTV sygtèm for th8 Federab"on. These thds were uh11 in ftjl th8 lo August 2022 and 8r8 b8irvJ r818&88d frDm the restricted fund through dePreryan. PaG*11 (onInUj...
Thè Dèvon Ftdèrntion tsfyou Clubs Notrs to the Flnancial StateThnts- continued forthe Year En(knd 31st L&5t 2025 AccouKfiNG POUCIES- conllnued Fund accounting IBI De5ignaied and Unrestrlcted Funds lil Lrfeski11s Project There an incr8asing demand to expand Ihe tBse of m8mb8rship. Thi8 1$ due party to the Sncr685ing regulatory r8quiremÈnts for young peopk MYJrktt¥J in agrKuttur8 reLqted Nral bugnesses. Its futmling is from th8 conlributions ol members. 114 Amory Bulldong Maintsrbance Fund The trustees hav8 agreed io set up thk% fund Io tDr an annu81 mntiibuih)n towards lubjre LX)sts of maintaining the fabric ofthe buIng at c1w1 BBIW. liiil General Fund The charity (neI Fund (xY6i8ts of fvnds whith tharity nw use for its purtKW at ils discrekn. The aim of the Federation is to keep wffvent funds in rp5etve to GY)ver rts running expenses for at leasl A year in th8 èvènt of major diswption ol the prcJrammè to fflatt? outsKle ILS ¢x)ntr. Pènsion costs and other post*ètlr•m•nt ntfits The charitabl8 COTnpany operates a defined ntrIbulkn ns)n sch8me. Conlribubons payab to tha charitable CoMpanS rEnsDn scheme are to the State1 ol FinarKaal Actswtss In the perlcrfl to which they relate. IJONATIONS AND GRANTS 2025 2024 Donations & sr0h> Grants Affiliatw)n Levy ItKotne trn YFC SuprKJrters 10.673 21.702 126.020 1,360 115,467 820 138,053 138,489 Grants receNed, Induded in aLwJve. arB tDlkMs: 2025 24 Other grants OTHER TRADING ACTtvmES 2025 2024 Sales and adverh"siNJ in Year Btrjk & N Income generated frotn YFC C8ntre tscditEs Jobs Adverts Board Stctk mov8rn8nt 4,491 20240 4,014 26.825 718 205 2,980 28,276 31,762 Py12 nbnued...
The Devon F nofyou FannerB ci Note5 to the Financial StatemBnts- Contin(1 for the Year Ended 315IA ust 2025 INVESThTEIU INCOME 2025 2024 Dewsrt acco1 interest 157 INCOME FROM CHARABLE ACTlVtnES 2025 2024 County activi Charitable Activths Intemational YcMJth ExcharwJ8 chantab AclwilEs Members, cxffitribun to ttainlng 81,772 26,212 22,27B CharitabbActMbes 31.336 25,634 131.342 133,618 RAISING FUNDS Ralslng fvnds 2025 2024 Staff (Yt$ Cost of tutMlrak%ing 2nd gJ)oal acbV[eS Newsletter & Year Bcok (x)sts 5,111 84,559 4.386 64,005 3,863 67.868 94.056 CHARffABLE ACTNtnES COSTS Direct Costs (see note 81 213,418 DIRECT COSTS OF CHARITABLE ACTinEs 2025 2024 County rnmpebbons Intemational Yth Excknaroe Lrfeskn"lls woject Club 5UPPOrt- Sala$ 7,406 22.T74 24295 36.776 7,283 7,422 36,880 21,016 22,236 5,681 676 1,522 28,365 6,072 10,112 6,0 59,967 4,695 Communrat'on & Training cc6ts DBS- Vetting checks YFC Centre rLtnnir¥J eyrtses General offi expertses Depreaakn'on of buiTrJing DepreoatK)n of furniture & equipment M8mb8rship I518 Donatk)ns 900 25.512 8272 10.112 4A63 64,277 213,418 211,174 Py13 (X)nltnL...
Thè Dèvon Fedèration tsfyoun Clubs Farrne Notes lo the Flnancial Slaltments-continu•d for the Year Enthd 31stAu u5t 2025 NET INCOMEIIEXPENDrruRE) Net irKomelleXgdrture1 is stated after LwuNr(1xelItsr)'. 2025 2024 D&pratK>n- ovm&l ats Ind8p8ndent Examination 14.575 1,050 16.055 1,0 10. TRUSTEES. REMUNERATION AND BENEFITS 9 tNstees [BNed èx-gralH kY[lts in form of I)n(lUmS in the yw in thelr role as Offir. These paYnIS totaV£d £2,657. Trust$. 0xn$•$ There were rK) trustts8 8xp8rws for the yew enthl 31st Aust 2025 for the year endad 31stAUgt 2024. 11. STAFF COSTS 2025 2024 Wages 5alaThes Social secunty (x)5ts Oth8r pension Costs 81,563 2,263 378 T2,424 1,620 1,165 B4,204 75,209 Th8 key manennI personnd of Ihe CW ctvnpin the Trustees aThJ DIr•r$. the F8d8ratK)ns County Organiser arKt the Treasurer. The averaje monthty numter Of8mpk> durir¥J th8 y88rwas &8 foM: 2025 2024 Average nnber of 8mpby885 No empbyaes recèNed amobjmants in 8x(s5 of£60.[). 12. EX GRAllA PAYMENTS Ex Grdtia paynts were m&le to offrers in ts frffti crf hon(Kariums in the year totalling £2,657, all of which were tNstees duriro the Femd uThkr review. Tr PaYnts were paKI in linè with thE trust on th8 payment of homrariums whth ts ofSIa13rd Pr Wthin YourvJ Fanner5 Ckjbs. 13. COMPARATIVES FOR THE STATEM OF FINANCIAL ACTrvrrEES Total lund5 funts fvtyJ5 INCOME AND ENDOhYMEMTS FROM Don8tK)ns arml grdnls 135.767 2,722 138,489 Charitablè aetiviti8S Ch8ritable A¢tivities 99,6B1 33.937 133,618 Other tradlNJ Investment iEKome Olher itKx)tT 31,762 31,762 282 269,352 306.011 Pag8 14 ntinued...
Farnwrs Clubs otes to the Financial Statements - continued forthe Year Ended 31stA us¢ 202S 13. COMPARATIVES FOR THE STATEMENTOF FINANCIALACTlVtnES. contlnuèd Unrestricted Restricted funds Total lunds EXPENDrruRE ON Raising funds 94,056 94,058 Charitable actfvitles Charitab18 Actsvtbes 156.207 54.967 211,174 Oth .526 50,526 Total 300,789 54,967 355,756 Net gains on InveSnts 23,062 23,062 INCOMEIIEXPENDrnJRE) 18.3751 {18J081 126,6831 RECONCILL4TION OF FUNDS Total funds br(whtforw8rd 203.161 583.580 786,741 TOTAL FUNDS CARRIED FORWARD 194,786 565,272 760,058 TANGIBLE FED A5SErs FLXtures FreekJhJ P[Drty fith't¥J5 TolaL8 COST At 1st S8Pt8mbèr2024 Addtho 605.616 672,393 1,587 1,587 At 31stAUgt 2025 605.616 68,364 6n,980 DEPRECIATION At 1st S8Ptemb8r 2024 Ch8Tg8 forye8r 93.609 10.112 53.279 146,888 14,57S At 31stAugwt 2025 103,Y21 57.742 161,463 BOOK VALUE At 31stAugUSt 2025 501.89S 10.622 512,517 At 31stAugUSt 2024 512,(K17 13,498 S25,5 The Amory 8ullding. cfEiib)n Bi5fw)p is a frethkl propety aLwired In May 2014. PL2nning rmISSJn was granted by the l(Ka autnty to d)a the use to offw. The property was ocojpied by the Federation in DeC8rnb2ol6. DeprecialM)n at 2% on a strayht has been prowiled against ts buihjiro ement of the total o)st of the propety. PaJe15 continwj...
The Devon Federnflon of Youn Clubs Farn)ers Notes to the Financial Stat8ments- contin1d forthe Year En(ied 31st A ust2025 15. FIXED ASSEf INVESTMEpirs Li5kd investments MARKETVALUE At 1st Septtrmbgr 24 DisposaL Rev8luatK)ns 228,892 18,7941 117,4281 At 31st August 2025 202,670 BOOK VALUE At 31stAugust 2025 202,670 At 31stAwu5t 2024 228.892 Cost orvdlu81ton at 31stu$t 2025 is re[en by. 1nvgstnnts va5uat.on in 2020 Valuation in 2021 Valu8tion in 2022 Valuab'on in 2023 Valuation in 2024 Valualon in 225 9B.023 47.829 14.6711 18.1421 8.063 126,2221 87.790 202,670 16. STOCKS 2025 2024 5,199 2.219 17. DEBTORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 2025 2024 Olherdebtors PTepayments 3.860 5.145 5.378 9.005 13.632 P¥Jè16 continu8(1...
Tht Dèvon Fèdèra1ion olyou Club5 Famwrs Notes to the Flnan¢l I for the Year Ended 31st Au ntln ust 2025 18. CREDITORS.. AMOU14TS FALUNG DUE w1H1N ONE YEAR 2025 2024 Bank h)an$ and overdrats (s88 te 191 Other creditors 2.721 5,366 23,165 15.342 30,168 45.510 31.252 19. LOANS An anatysSs ofthe rnarIty ofbar6 B grM betrK. 2tr25 2024 Amounts falling due ¥1h1n 0 year cffi demand: Bank ovèrdr8fts 2,721 MOVEMENT IN FUNDS Net TransferB At 31.8.25 At 1.924 in fuThJs funds Unrtstrieted funds Generdl fund Lrfe skills Proie¢t Arnory BuildiThJ Maintenanc 140.497 30.• I22.•1) 13.IhxII 114,896 37,332 27.000 3.000 194,787 115,5591 179,228 Restrfcted funds Intemational YoLrth Ex¢h8 John Spear Memorial Funds George Hiroston Memrial Fur*ts Joy Retter Memorial FuThts Ttxjd Rigg M8rrK)rial FuThJ Alarrn & CCTV System Arnory Buihjing Lrfe skllls ProJect Capital grant from SVV Area 23JOO 2.501 14961 11.3001 16501 22.804 1.201 2,314 101 8,005 3.519 501,895 5,336 1,000 101 9955 4.106 511007 9,337 (1,950) 15B71 110.112) 14,001) 565271 119.096) 546.175 TOTAL FUNDS 760,058 14655) 725,403 PwJ8 17 contru&l...
Th• D•von Fod•rntion Ofyn Clubs Farn for Year Ended 31st A ust2025 20. MOVEMETr IN FUNDS-continwl Net rrennI In funds. InclLthJ Ai atxjve are a5 tDlkNts.' Irmirj Resour Gains and b)sses Movement in funds Unrpstrrcted funds General fvnd Llfe 6kllL8 Prqed 246,086 31J37 1267,466) 124295) 112211 122,6011 1291,761) 112211 I15,) Restricted lund Internali0Th31 Youth Exchange John Spear Memrial FuThJs George Hillg5ton MetrK)rial Furuls Todd RvJg Merwrol FUTh AlaJm & CCTV System Arnory BU1[J Lrfe skllls Proeca 22278 122,7741 11,3001 16501 11,9501 15871 (10.1121 140011 1496 {1,30DI 16501 {1,9501 15871 110.1121 14,0011 22278 {41.3741 119,0961 TOTAL FUNDS 299.701 1333.1351 {12211 134.6551 Comparative5 for movement In funds N8t Transf8rs At 31.8.24 At 1.923 fur fur¥ts Unrestrl¢*d fvnds Generdl fund Ltfe skills Proi8Ct Arnory Buik5ing Mawrtenarm 156,489 25.672 21.ClXJ 112.9921 4,618 13.fAXJI 140.497 30,290 24,000 203,161 18,3741 194,787 Re$trl¢ted furxlB Intemational YoLSth ExChae John Spear Metnorial Fur George Hingston Mernorial Funds Joy Retter Merr(Jrial Fun(ts Todd Rigg Mernorial Fund am) & CCIV SyStn Arnory BU1J1n9 fe skills Project Capital grant from SW Ar88 IB.9361 23,300 2,501 2,964 101 9,955 4,106 512,007 9,337 1,000 1.B51 2.964 101 4,6¥3 522.119 9.611 500 1587) 110.112) 14741 118,3091 565,271 TOTAL FUNDS 786.741 126.6B31 760,058 P899 18 1x)ntinu1...
Tho Dèvon Federallon ol Youn Clubs Famiers to the Financial Statem8nts-continu8d for the Year Endgd 31stAu ust 2Q25 MOVEMENT IN FUNDS-eontlnutd Comparative net tr¥Jveftnt Ai lurKls, ik[dj In atx)ve aTe as fo.. IrMX)mir Gains and Movement in funds expended Unrnstrid•d lunds General fund Lrfe Prc4ect 243,718 1279,7721 121,0161 J,062 112,9921 4.618 269,352 1300,7881 23.062 18,3741 R8strlctod funds Intemabonal Youth ExcrtgThJ8 John Spear MenJ)rial FuThds Todd RKJg Memorial FuTrJ am & CCTV Systèm Arnory Buikling Lrfe skills Project Caprtal grant from SWAJea Three Peaks 26213 650 650 135.1491 18.9361 650 650 15871 110.1121 14741 (5871 (10.1121 12,6941 )0 6,426 16,4261 154,9681 118.3091 TOTAL FUNDS .011 1355,7561 23, 126.6831 The Gecy Hg$ton nK)rial FuThl aTrl the T(Mld Rw8 MeTrDrial FuThd trav81 hOL7[shIps. £850 was transferred from each of tr*se b) tre lntrrnathaI Youth E¥tharwJe Fund to repr&8ent the srknkrshlps awÈrdwJ to Iwo indi¥iduaLs duriNJ tha pwK¥J. £3,OCM) has been Iransferred the unrestri furMI to DeswJnated Amory fvrMI 88 an 8nnual mntribution to cover major reratiOnS to the AnTr)ry buikliThJ. ¥ and wn the need may arise. 21. RELATED PARTY DISCLOSURES Daniel Grist 1tnjsle8ldirrl a tot81 of £4,752 fDr 1X[tl(lmY5 workduring th8 ye8r. folbwng SFonsorshSp was enbiEs wilh exisbro truSteesldirjrS also act.. Entlty North Devon Group YFC Haklon Group YFC Tarka Group YFC Exa V8IW Group YFC Arnount 1£) £650 £1,300 £650 £1.300 l NorlhTTrJrB T Na[ A R(#Jd pa19
Farnrs Dèlail•d Slatement of Financial Activities for tho Year Ended 31stAu ust 2025 2025 2024 INCOME AND ENDOl•VMEfrirs Donations and grants Donations & Sw)nsorship Grants Affilhgtion Lewy Income from YFC Supwjrtars 10,673 21,702 500 115,467 820 126.020 1,360 138.053 138,489 Other trddong activits S818s and 8dvertising in Year Bcok & Newstter5 In(xJrne gerated from YFC Centre Jobs Adverts Board Stock movèmènt 4,491 20,240 565 2.980 4,014 26,825 718 205 28.276 31.762 InveBtment Income Dert account interest 157 282 Charitable actr4itles County actmtss International Youth ExthaNJe Members, contribubon to trdining TT,728 22,278 31.336 81,772 26.212 25,634 131.342 133,618 other In¢ome Solar panel InMe 1,873 1,860 Totsl inming rnsour¢05 299.701 306,011 EXPENDMIRE Raising funds Salaries Cost of fundrak%ing and 5(KBI athtb85 Naw5tter & Year Book (x)sts 5,111 84,559 4,386 64,ODS 3,863 67,868 94,056 Charrtabl8 activltl85 County competitwJns Int8m8tional Youth Exchar Lif&slIS prDje¢t Club suprKJrt- Sakiries Travel Communication & Trdinkng costs DBS- Vetting ch8cks YFC Centr8 running expense8 General Office expenses Depreciation ol buildiro Carried forward 7.406 22.774 24,295 36,776 7283 1.348 36.880 21,016 22,236 5,681 676 1,522 28.365 6,072 10,112 139.982 2S,512 8272 10,112 144,678 This pwe (kw Th)tknn part ofthe slattrtory fmancid staternents 820
Thè Don F10 ofyoun Club5 Famiers Detaikd Ststement of Flnanclal Actlvrtles for thè Year Ended 31st Au t 2025 2tf25 2024 Charitablè activltt•s Brought fonward Depre¢k?tion offumitur8 & 8quiprr Membership Ca)sts DonatK)ns 144.678 139,982 6,530 59,967 4,695 213A18 211.174 Othèr Salaries ProfessDnal fees Arcountancy 47,429 3.015 47.862 1,324 51.849 50,526 Tot81 règjurcas axpar¥Jod 333.135 355,756 Net expendlture before gains #nd loss•s 133.4341 149,7451 Realise(I recognlsed galn& and 108Bes R8alis8d gal11055e5I on ed asset InveS1nnts 16,207 9,120 Net expenditure 117,2271 140,6251 Thi8 [& (kns TrJtform ofthè StsbJtwffinCIaI statements PwJ8 21