Charlty registration number 1180654 MONTGOMERY YOUNG FARMERS CLUBS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MONTGOMERY YOUNG FARMERS CLUBS LEGALAND ADMINISTRATIVE INFORMATION C Morg A Orrells L Jones A TlThias E Lewi% E Witliam5 S WINS H Jone8 DDart E Ckrk C Smith C Roberts G Evar L Davies T E¢h¥ards S DaeS E Isaac LAndrew BEva B Bree C Rotrts E Lewi5 E Wdliams E Roberts (Apwinted 19 Septaythr 2023) (App)inted 19 SeptemFM 2023) (ApkN)inted 19 September 2023) (Appointed 19 September 2023) (Appointed 19 September 2023) (ApFx)inted 19 September 20231 {Appornted 19 September 2023) (Apwnted 19 September 20231 (Appointed 19 September 20231 (Appointed 19 September 2023) (Appoinknj 19 September2023) (Appointed 19 September 2023) (Appnted 19 September 20231 (Appointed 19 September 2023) (AppThnted 19 September 2023) {ApwnbJ 19 September 2023) IAppointe(119 &ptember2023) (Apwinted 19 Septernr 2023) (AP)Inted 19 September 2023) IApwinted 19 &ptember 2023) (Appoxnted 19 SePtber2O23> (AF¥xiinted 19 September 2023) (Appointed ig September 2023) (gw¥inted 19 September 2023) (App)inted 19 September 20231 (Appolnted 19 September 20231 (Appointed 19 September 20231 (Ap&xJinted 19 September 2023) (App)inted 19 September 2023) (Awinled 19 Septsmber20231 G Woosnam H Page H FalrctowJh H Jones l Morgan JHuff J RithaTds J wlarn L Bafley L Baker L Grrrfi L MovJan M Griffiths M IrvJrnm M Edwa M Morgan N Trhxgan S Wathin T Smith THOM
MONTGOMERY YOUNG FARMERS CLUBS LEGAL AND ADMINISTRATIVE INFORMATION 118( United SY21 8SR Uniled lfjwdom SY218SR Indendent exaningr etsj[t SeNiL W*int CamNIgehIrn Uniled lQ¥dom PE2 6FZ
MoKfGOMERYYOUNG FARMERS CLUBS CONTENTS Page 9-17
MONTGOMERY YOUNG FARMERS CLUBS TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Tnth pret thew ?ral report tO3ets ith the finanoial statements of the for the pprtod frqn 1 AWFI 2023 to 31 March 2024. The dmrity KIrts name CW FfeThn leualrK ma101. ffinanC sLknnts and rnmply th the dwritys govemi¥J dOert the ChesAd 2011 and "AunI1ng KI ReFQrting by Charities: Statement of ReMETH1ed practi applicable to tharities prepari[ their aoUnts in acroIdan with the Finawlal RwtiThJ StaNJard appkabk in UK and of Ireland {FRS 102r leffectwe 1 Januwy 2019). We have ferred to the ViSed guidan •taIned in the Chwity Commi8wn's general guidan on pubk knefft hInY yj cb% IYFC) seeks to meet the needs of rural y4)uno people thwh a of environmenL Over 650 yowvJ people haNE been involved in the opJanBatk)n dutiNJ the I1¥e IT114 all of m aged bets 10 aTrJ 28 yeats. nffal life. the environment aThJ relate(f 8ubjects: recreation arMJ olher knsure time 4x¢wi0 bEiThJ fa(iMie4 whKh wll improve their spiriti41 and mental se1fielian indwKlual re$prTh1tr so that they may devekp as iFKlividuab inlo ful c[bn$. and . To ils adi4thes the medium of Welsh and ENJfth a1 to ensure those actsvitses enhance the membw'5 deTrdIrwj and krTh4ets ofwekh Rur Life. Welsh Culiure and the Welsh Language. b. Public Ben¢fft . An enhanced quawty of Ire aThl sense ofwelklw thrixvJh rygement 1th al paitscpthn In acliv[S and events that peoK4e t(W. leadiw to imwovements in emtbjnal wel*eing and grealet SOCHI
MONTGOMERYYOUNG FARMERS CLUBS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Oier the last h¥elve n)nts the Federation ha$ stiived to rIher develop and enhan Ihe prE¥JFamme of wortt offered. thus ensuriTrJ that our obiethves are met thTwh our democfth slnthre whilst rffjvhling nmbS with a swal en4ryronmEnt in to further their perscfial develq>ment The ti1NUal orernted by the County gives every member the oppLunT to expTess him or hee[f fully . Welsh atu- rwal and otherwise. Looking forward over the next Iwelve months. Montgomery YFC wll be resPolbIe lor inplementiry further deciwns approved withi the fina101 year emliw 31& ma 2024. This 4K¥k will axrtinuing to rewiew Ihe amual membeTrhip fee. The Tntstee5 wish to hhIght the financial 5UPFrt of the sporAirs of Mortgow YFC through a numttr of pathershlps gr•)t wrammes. Srfial EduGalion Soc4al educalion is the esfence of &1 YFC aLivibes. enabli youNJ people to improve existiy skllls. devebp new skiws and to blosscxm as indNKlua15. The heart of the Young Famw5 movement 15 10 PTovth opruni1les that are enloyable. AJI events and tiVitieS are organlsed by committees that we made up of members aged 10- 28. It ' The first major event ofthe fmancial year was the County Rally hekl at WyTddwr Fami, UanbrnaIr. The Rally SUFWtivvJ Ihe I¥)lIve finanrial oUtrMe ofthe evenL Many knrned out to enpy Ftekl Day at the slart of the new YFC yw in September & MaesllJThystyn. Foel. The Field fw remains an ebtnt for mainty agiiculknral b&8ed (timtiti. MOntwThry is a county that takes wide in numerou8 8tc¢k judgiw )mPebtKs and the Fld Day provides meFnberswith the opportunity to gain The County E1Stlft was held at the end of October at Ysgol LlanfJ41iTh. The event ran smoolhly arKI wa5 success thanks lo Ihe brilbant teamwort from the MMittee members. The br Speakig cpeI1 were held in Jaluary at Ysgol Cakjn y DdeThven, Ne and members had the opporttjnty to in bJth Ej115h and Welsh medium competh'ons in a fange of ntext5, includirvJ Rading. public speakiry and branslnJ8L In Fetsry. the Drama Festival retslmed to The Hafren, Newtown. vrith an inuease in both the Welsh arml Engfth comFetrIiB was fantsstic to e. Junior and Swmor Membw of the Year iTrter¥iM a150 to)k pkce durw the htek vthere the st•Mlard was once again extremety hroh. Foljowiry Cnty cc4npefilions niany indi¥Kluals and teaTh went on Io represent Montyomy YFC at all Wales YFC
MONTGOMERY YOUNG FARMERS CLUBS TRUSTEES REpoKf (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Year 10-16 17-21 22-28 Total 130 111 202112022 151 107 91 224 2019r2020 1&3 116 201812019 126 12 11>14 1&19 Total 201712018 318 234 156 2016r2017 755 2015r2016 197 133 13 743 2014r2015 243 147 201312014 (30Awil 2014) 210 17 201212013 210 201 21 701 2011r2012 2010r2011 914 311 337 291 947 318 870 17 315 16 197 15 247 275 134 141 16 707 141 147 614 214 037 242 702
MONTGOMERY YOUNG FARMERS CLUBS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 F•de(lOn¥ Piiorities The federntion 45 abMys myulful of memtership figures aFMJ aims to I[eaSe the e year. meNth1P recwitfftent arKI retention wll contlnue to te a pmrity fcrthe Federalx)n this year. Poyrys CW Council has agreed to continue to support the nN)vement going foThArd in the fomi of a grant on an The federalkin wll contwiue to concentrate 8UStainabilty and financ481 p)silion this is teing Wthieved collectively throwh tr Boanl of Managennt comThltee by Ing cak#, short4emi ¥westmeftts of surplus funds. . Going Concem After makiry aN!ropriale enquiries. the Trustees have a r&w)nable expeti that the ¢hanty has adw4L resources lo continue in owational eXth for the foreseethle Ithu. For thls reason. they conlinue to ajcptthe goirvJ concern basis in preparing the financial statements. Reserves Pollcy The Ttee& t¢r with the Board of Managemert have agreed to continue a ¥esevve$ wlicy thereby unmtiicted funds not lrun1rted or invested in tangible or fixed assets (i.e. fr reserv) hebj ty the charity shcAthI be suffic¥ent to maintain the operntton ofthe tharity in the foreseeable future and for a p10d ofat least 12 months in respect of opèrating costs. Thi5 decl5 was m havww taken wrto ClderallOn the way rn rGh the Oanisation dealt the imF4Ct of the pandenNC and the iMpJrtar of oantkin Terna1ng at th8 forefront of athl5 for members and Ihethre feel we shoukl have fiThls to be able to c4xnplete one ol the amual pMgrarnTh ofevents. Operatiry costs are estimated to be approximatety £165.000. The committee deslgnated £75.000 toward5 the devekwment of the offJanisatiDn to se(ure fure of the movement arKI to (xw the costs of the transJtKffl of the thaiity tthvards a CIO and new office modthn. Foifowro ex wtyoiThJs in the past four yeaTr thls fiDwe1g re(kKtd to £7,289. Free reseThes al 31 March 2024 are £248,020 {2023: £206,375), Ca1lated 85 the unrestrithd fiwth. less d8signated furKls and tangiY fixed asget& Our financ481 is to at l&%t break even by the fnanraal yew end. StruGlureJ goV•Ma and The chaiity is gOTr by rul25 and a omstitulion and is regtsteTed wilh the Charity C¢¥nnSIon No 1180654. The principal object of the thavity is the Provisic armj promotion of fle5 for young people to assist in their arKI other leisure time wion to Improve the ca111¢ of the lives of young pIe arKI ailirq sustaknabihty. I communiltes. The management ofthe tt11 is the reswnsibilty ofthe Trustees who are eleded aThJ ctropted underthe temB of the Trust deed. c. Induction and Training of New Trustees The TteeS of the MOntgnery Federion of YFC are nominated at meetings of the M¢t90mlyY YFC County Executi Comrniitee. These nominations are then tsken to the Annual General meeV where Truees are nominated and voted into the office. All Montgomery YFC Tiustees have • in deFth knowle(b3e of the wisation and have held other official po&tson$ for a number of yea.
MONTGOMERY YOUNG FARMERS CLUBS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 fomied by the discretson of the P•fv)nlgrynw YFC Exetsjlibt. For Ihe finanrial year ended 31 Marth 2024 the . Youth Fonftn opeTations ofthe thaiity. udor-TlIaS Date: . l*l.OtJ.ILk
MONTGOMERY YOUNG FARMERS CLUBS INDEPENDENT EXAIIIINER'S REPORT TO THE TRUSTEES OF MONTGOMERYYOUNG FARMERS CLUBS I report to the twst&s on my examinalion of finarK4al statements of YOU FaThe for the year ended 31 Marth 2024. ResFMbl111res and basis of fEPOrt requiyements ofthe ChariknAct 2011 (the 2011 Adl I report in fEspe¢ of my examinat of the thariVs knncial ststeFnents out under se(avJn 145 ofthe 2011 l. In caThying out my examinatx)n I have f10Ed am the appIlble Direclions g¥eft by the Chaiiiy cornryS•)n under section 145(5)(b) of the 2011 A Independe examinerfs statement Your attention is drawn to the that Ihe chwity prepared fin8ndal Stateff in attordance Ac0ntIng and Rer1]Thj by Charities prepaFiro thelr a)Unts in ardance wrth the Financial ReportiNJ Standard applicable in the UK aThJ Rewblic of Ireiand (FRS 102) in Preferen to the Accnuntiry and Rewtsng by Charilie5: Statement of Rec(xnmetKled Practi isstd on 1 Awil 2005 which is referred to in the extant wulatKJns but has now been l underntsnd that this Ps been done li der far finwKial statements to a true aNI faK VEW xordance th GwralyAccepted kcounting Practi effedive for reportirvJ peiiods bewniYYd on after 1 January 2015. I have wleted my examinatw. I c(ffiryn that no matters have come to my attention In ¢NneCth wlth the examinètlon me causè to that in any materi81 respect accounting Tecords Nbtre not kept in resFeCt of the tharity as required by section 130 of the 2011 Act" (Y the financlal statewents do not comply wilh the appli(able requirements o)ncmlng the fomi and C&tent of ac¢>wnts set out in the Chavities (knounts and Repts) Regulalions 21M)8 other Ihan any requirement that the I have rK> ¢c4xem8 ha o)me across other mattets kn con) vAlh the examin811 to attenti( shoukl be dt8wn in Ihis weFQrt in (ts to enable a Fryer underStanth ofth8 finaniial slatemerts to be rehelL Westp)int PE12SP Uniw lfjngth Dateth. ....l.f.:.1:2a2tr.
MONTGOMERY YOUNG FARMERS CLUBS STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR 7HE YEAR ENDED 31 MARCH 2024 fvnds fvnd$ 2023 Incomè from: 38.053 102.584 3.326 43.997 102,584 6,664 36.697 74.138 74.139 143,963 149,907 105.561 112225 ilure on: CharÈtable aL*ibrylies 127.963 134,7 7.164 101822 forthe yearl 16.0 (1.000) 15.000 (500) 9.403 baknces at 1 fyxil 241.405 242,405 231,502 1.500 233,002 Fund balance5 at 31 241,405 1,000 242.405
MONTGOMERY YOUNG FARMERS CLUBS 8ALANCE SHEET ASAT31 MARCH 2024 2024 Fixed assets Twible assets 11 741 Stocs Debtors Cash at bank and in hand 12 13 26,159 237.432 11,213 267,541 246.658 Creditin" amounts falling due within one yur 14 {12.232) 14,9941 Net cubyent assets 255.309 241.664 Total assets less cwr•nt liabilities 257.405 242,405 I)Me funds Rtstrirted funds Unrestricted funds. De5ynated funds 17 1B 34289 207.116 250,116 257.405 241.405 242,405 The fir1ClaI ststements were apwoved by the Trustees on ..1 1.10.71 L.. A TjOr.ThOMa8 Tntsteg
MONTGOMERYYOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 istered in EnlllaThl aNI V¥aleJ on 12 November 2018. and is urAler a TNst deed. awrties of FeileratKfi ofyoung Far. Ckts (chaiity rxxnljew 524425) were trarderwed to the Charttable lrKX)Trted OrganiBation on that date. The dwiity Ss govemed by and a C(¥11. The priK11 obpct of the chaiity is the ptovtsion I¥tion offa(alilies for youry people to assist in their development thrcwh CoMtr¥e aThl s¢iaal aca1Wt. edwtion and Miig. The organisation 411 recr&ilion and other leisure time orywpalwyi to Xwrove the <ydItiOn ofthe I of yourvJ peo and arding sustainthty in nKal mmunities. Charlties kt 2011, FRS 102 Tr Finanrial Rewxting Standawd applicable in the UK and Reb of Irdarmr rFRS 10f) aiml the Charilie5 SORP "PLcumtirvJ avxl RepxJrtNvJ by charit&. Statem of Reojmmended 411ab[e in Ihe UK and RWtsl of Ireland (FRS 102)" {effe¢ihE 1 January 2019). Tr <• h a Pub Benefft Entity a5 ¢Jefined by FRS 102. Cash Flo. 1.3 ChiiiablB funds unreStrd funts are ay4l1ab for use at the di5rApJn of the Iwstees in furthwance of their dwr#&4e uses of the restric fund8 are *t (Mrt in the M)tes to the finanraal statements. the amounts can be aSUr re]y. aThl FL is probable that inoimevfill be TlVed.
MONTGOMERYYOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Icontinued) Legae$ e recwnised on recwt or otheTrvise if the charity has been notiTh&J of an impendlng dithbon, the arrt is kn¢A¥n. and receipt is exp&Xed. If the amwnt is not kn(wn, Ihe Iwy is treated as a Grants are rfuded v) the state of Financial Activittes On a receivable basts. The balan of incc¥ne receiv&J for speL¥fK pwFx)ses but not expended durirrfJ the pericKI is shtyvn in the relevant funds on the Balance sheet. Where income is CeIved in advarKe of enlitlement of rethpl, fts 15 defeed and 1A Exwndllur Expenditure 15 wnised once there kg a 081 or cx)nftth Obligati to transfer etnIG benefft to a third paty, it is wobable Ihat a transfer of ewnomic benefits bvill be required in 8ettleffML and the of the obwtson be nSU[ed reliably. Expendknre is cLqssFfied by activity. The o)8ts of eath ti¥ty are mlÈ up of the total of drect and shared indudry Supp costs invofved in undertakN¥ each actmty. Direct cJsts attrilxrtable to a &Nle activity are all[ated diredy to that actwty. Shared costs which ntribUte to more than one a(¥ity and Sup[ o)sts whith we not attf?butsble to a srole activity are apport•e tthen those aclithes a basis Eypenrfrture on raising funds brJude5 all expeFKliture by the charity to Trise funds for its tharilable purtKw8 and includes cAists of all fundraising aCtitieS. events and 17on-charilable trad1. Grants payable are drged in the year when the offer is made exwl in those cases Whe Ihe offer is Klit)nal. gjth grants being 8$ expenditure when the nditl8 attathing are fvlfilled. Grants offeted subJ"eL to oJTrStion5 wIKh have not Len met at the year end are notes as a (x)mmitmen( not AH expen¢libJre is rK*4sive ofiffecovernble VAT. 1.6 fuod a$84ts Tangible fixed assets are initially measured at (xjst and subseq• ffÈasured at oxt or valuatton, net of Depreciation is tec¢gnised so as to off the IyJ5t or vamtion of a55ets les5 their re&dual vabw over their usefvl JDJes on the folkn4tyw bases: Plant and mxhw 25% redng balance and the Cary1 value ofthe a5t. aThJ is reqx¥gni5ed ITr the StateTh offinala1 activitses.
MONTGOMERYYOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR 7HE YEAR ENDED 31 MARCH 2024 Icorfinuedl 1.7 Sto¢k5 stocks stated at the keT of 035t aFvJ estwlla sdfiw wice le5S D)sts to oJmfft and sell. Cost IrKrTed in tsiryng the StS to Ihey present l()r4&on aThJ o)ndilMJn. lteTh held for distrtxthD at no or Net realsable vatue bs the elmal 8elli less al estimated Lxts of 1xiMtim and ajsts to i tncurred in marketsy. selliTh3 and dlstr1tx. 1A Cash and cash equivalents Cash and cash equivalents Indje 5h in hand. desIts held at 11 with banks. olher shcfft.teffli IKiuid thin boThtying8 in eTht lihts. 1.10 Fund ac¢oun¢i Genernl fund5 funds vthich are available for uge at the of the Trusle8s in pU0$e8. The aim ar use 0fth designaied fund 15 set out in the note5 to ttfM)anaal statements. have Lwi rdiwj by the Charity for parti(xHar pU>eS. The txtsts of rai8irvJ aml &lmfflisteiing fvnds are dwged agai Ihe fwKI. 7he awn and uge ofeath resti1c fvnd i¥ set out in the notes to In the apiCatin ofthe chariirfs aLrunting pc4oes, the twstees required to make judgements. estvn and assumpticft& ab¢ut the carrylno amount of assets and lkn?billies are not rea¢ly apparwtt from other The estlnates and und*irwJ assumplKxLs are re¥Mved on an obying basi& Revis to arlnting
MONTGOMERY YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donallons and legacies Total funds genernl 2024 funds funds 2023 27.053 11.CKVJ 27,053 16,944 Grants 14.189 43.997 36.697 Qrants Trceiv¥ble for cor• activits Grants Govemment grants. Pow CC 2,972 3.972 10.OCK 10,000 2.972 2,972 11.0 16.944 14.189 kncome from charitable aclivtt 2024 2023 Chaiitable acts41t$ 102.584 74.138 2023 Inttrest rNable 1,3SYI
MONTGOMERY YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS {COtrmNUED) FOR THE YEAR ENDED 31 MARCH 2024 2024 247 36,518 12.725 55.278 13,690 NF YFC W*8 YFC 79.341 Share of6upwrtf5ts (xe nok 7) Share of govern8 costs (see note 7) 50.511 5,055 134.917 102,822 AnAtysis ty fund 127.963 7.164 134.907 102. Support c¢%ts SuppDrt Govemanco 2023 26.018 26,018 Marteli Trophies & engravirvj t7 101 101 4.030 5.937 Rent 5.937 Honcrfwium mem1[ShIpS Office refurtiishmrt Telephone 114 114 628 3,160 3,180 IndeFendent exarnin4th)n fees Legal and profession 1,575 1,515 50,511 39.903
MONTGOMERYYOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tntstsg5 None of the t {or any Pern Mlh them) ¥Ece4ved any remuneRtion or beneffts fKm the chaiity dIng the yew. 2023 Number Number Employment costs 2024 Wages and salaries 31.958 25.715 26.018 10 Taxal)n charity is exempt from lax on incoff and gains fallirvJ withn sectK¥n 505 of the TaxesAct 1988 or se(aion 252 ofthe Taxation of Chargethe Gains Ad 1992 to the extent that these are appkd to its tharitable obied& 11 Tangime Ted a55ets Pl•)t•nd n*ehin•ry At 1 April 2023 12.507 At 31 Nqwch 2024 12,507 Deprnclatlon and Impalrnient At 1 Awil 2023 Depr#&knn charged in the year 9.918 At 31 Ilarch 2024 10.411 rAnyiMJ amount At 31 March 2024 At 31 Marth 2023 741
MONTGOMERYYOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR 7HE YEAR ENDED 31 MARCH 2024 12 Slocks FIshed gxids aNI goods for re881e 2024 Amounts falling within (¥w year. 11,019 8,265 6.875 5,651 26.159 11,213 14 crwfrt0. arnnts due within one year 2.314 711 519 Defeffed Incl& 16 531 Olher<xeditors 572 6.740 711 Cuent liabiltie5 711
MONTGOMERYYOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Icortinued) DefeThed income at 1 A)ri12023 711 DefeTh income at 31 Marth 2024 711 700 16 Relirnmenl benefrt schemes Defmd ¢ontthlion schgmes The charity operntes a defmed o)ntrikKrtkX6 pension sche. Tr a&sets of the xheme are held sepawatety from Ihose of the tharity in an independently administe1 fuThJ. The penwn r4)st ¢apJe represents contributi payable by the tharity to the fvThl arKI awK)urrted to £1.180 (2023.. £936). Contribukn totaling £121 (2023: £nil) ?•e Foy4e to U fund * the bfjlan sheet date. 17 Restricted funds The Inme funds of the charity Indje restricaed funds (xryiising the folbw¥w unexpended balan(x of donan5 aThJ gr5 heky on tmst spedlk pU)se$. Balarrce at lrt(ming R•50urtw aalan a thcoffdng Ilewurres Balanco at l Aprll 2022 re[¢•5 exponded 1 Aprtl 2023 r•sourts Èxpended 31 Mv¢h 2 Wales YFG Wdsh Language Grant PAVO (Youth Led Grarrt Scheme) (5,944) (5.944) (1.220) {1,(Th11 (7.164) 16.9MI Thè restri fvnds received from the Walts YFC Welsh lolage grdnt contribute tThVa tran8latwJn a1 Sal (x)st& The restrt(knJ from PAVO (Youlh Led Grant Scheme) have contritArted toward the first aid co in this finan(xal year. as [1 as the Freedom Leisure football (x*ts.
MONTGOMERY YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR 7HE YEAR ENDED 31 MARCH 2024 18 Oe51gMled fwds Balan¢9 at R¢srJurcos Balwco at RestyJr¢es 1 Apwll 2022 expeNled 1 Aprtl 2tr23 BaTKe at 31 March 2024 3Q917 (4,628) 000) (25.() 38,917 (4.628) (1000) (25.QOO) Total nd$ 2023 Fund bthKes at 31 Marth 2024 are Tangible assets 741 255,309 XO.375 741 241.664 257,405 207.116 242,405 H(Nwaria totsling £840 (2W23: £840) pald to c¥Jwty offKials dwing the year as a thank ycw for the volunlary urrtakn for JEar as a nty Off#Jal £3Q) {Lynfa Jone&. Char) £220 (Alun TUdor-ThOm- cnty VKe Cha) £160 {Kalie Jones. Cowty Marketiry offir) £160 (SiLYd Mlls. cOty Comw•JnThtbxs olf)