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 Da￿eS
E Isaac
LAndrew
BEva
B Bree
C Rot*rts
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)
(App￿nted 19 September 20231
(Appointed 19 September 2023)
(AppThnted 19 September 2023)
{ApwnbJ 19 September 2023)
IAppointe(119 &ptember2023)
(Apwinted 19 Septern￿r 2023)
(AP￿)Inted 19 September 2023)
IApwinted 19 &ptember 2023)
(Appoxnted 19 SePt￿ber2O23>
(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 w￿larn
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
Inde￿ndent exaningr
ets￿j[t SeNiL
W*int
Cam￿NIge￿hIrn
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 pre￿t thew ?￿r￿al report tO3ets *ith the finanoial statements of the for the pprtod frqn 1
AWFI 2023 to 31 March 2024.
The dmrity ￿KI￿rts￿ name CW FfeThn￿ leualrK ma101￿.
ffinanC￿￿ sLknnts and rnmply ￿th the dwritys govemi¥J dO￿￿ert the Ch￿￿esAd 2011 and "A￿￿unI1ng *KI
ReFQrting by Charities: Statement of Re￿￿METH1ed practi￿ applicable to tharities prepari[￿ their a￿oUnts 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
hI￿n￿Y y￿￿j c￿b% 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 I￿￿1¥e IT￿114 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$prTh1tr￿ so that they may devekp as iFKlividuab inlo ful
c[b￿n$. and
. To ils adi4thes the medium of Welsh and ENJfth a￿1 to ensure those actsvitses enhance
the membw'5 ￿deTr￿dIrwj 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 n￿mb￿S with a
swal en4ryronmEnt in to further their perscfial develq>ment
The ti1N￿Ual orernted by the County gives every member the opp￿LunT￿ to expTess him or he￿e[f fully .
Welsh a￿tu￿- rwal and otherwise.
Looking forward over the next Iwelve months. Montgomery YFC wll be resPo￿lbIe lor inplementiry further
deciwns approved with*i the fina￿101 year emliw 31& ma￿ 2024. This 4K¥k will axrtinuing to rewiew Ihe
amual membeTrhip fee.
The Tntstee5 wish to h￿hIght the financial 5UPF￿rt of the sporAirs of Mortgow YFC through a numttr of
pathershlps gr•)t wrammes.
Srfial EduGalion
Soc4al educalion is the esfence of &1 YFC aL*ivibes. 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 opr￿uni1les 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, Uanb￿rnaIr. The Rally
SUFWtivvJ Ihe I¥)￿lIve finanrial oUtr￿Me 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 (tim￿titi￿. MOntwTh￿ry is a county that takes wide
in numerou8 8tc¢k judgiw ￿)mPebtK￿s and the F*ld Day provides meFnberswith the opportunity to gain
The County E1St￿lft￿ 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￿ Speak*ig c￿pe￿I￿1￿ were held in Jaluary at Ysgol Cakjn y DdeThven, Ne￿ and members had the
opporttjnty to in bJth E￿j115h and Welsh medium competh'ons in a fange of ￿ntext5, includirvJ Rading.
public speakiry and branslnJ8L
In Fets￿￿ry. the Drama Festival retslmed to The Hafren, Newtown. vrith an inuease in both the Welsh arml
Engfth comFetrIi￿B 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 C￿nty cc4npefilions niany indi¥Kluals and teaTh￿ went on Io represent Montyom*y 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 ab*Mys myulful of memtership figures aFMJ aims to I￿[eaSe the* e￿ year. meNth￿1P
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 Managen*nt comTh*ltee by ￿Ing cak#￿, short4emi ¥westmeftts of
surplus funds.
. Going Concem
After makiry aN!ropriale enquiries. the Trustees have a r&w)nable expe￿￿ti￿ 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 T￿￿tee& 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 p￿10d ofat least 12 months
in respect of opèrating costs. Thi5 decl5￿￿ was m* havww taken wrto C￿lderallOn the way rn ￿rGh the
O￿anisation dealt ￿ the imF4Ct of the pandenNC and the iMpJrtar￿ of o￿an￿￿tkin Terna￿1ng at th8
forefront of athl￿5 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 fu￿re 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), Ca1￿lated 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 gO￿Tr￿ by rul25 and a omstitulion and is regtsteTed wilh the Charity C¢¥nn￿SIon No 1180654.
The principal object of the thavity is the Provisic￿ armj promotion of f￿l￿e5 for young people to assist in their
arKI other leisure time wion to Improve the ca￿111¢￿ of the lives of young ￿pIe arKI ailirq sustaknabihty.
I communiltes.
The management ofthe tt￿11￿ is the reswnsibilty ofthe Trustees who are eleded aThJ ctropted underthe temB of
the Trust deed.
c. Induction and Training of New Trustees
The T￿￿teeS of the MOntg￿nery Feder*ion of YFC are nominated at meetings of the M¢￿t90mlyY YFC County
Executi￿ Comrniitee. These nominations are then tsken to the Annual General mee*V￿ where Tru*ees 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-Tl￿IaS
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.
ResFM￿bl111res 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 f￿10￿Ed am the appIl￿ble Direclions g¥eft by the Chaiiiy cornry￿S•)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 Ac0￿ntIng
and Re￿r1]Thj by Charities prepaFiro thelr a￿)Unts in ar￿￿dance 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￿ isst*d on 1 Awil 2005 which is referred to in the extant wulatKJns but has now been
l underntsnd that this P*s been done li ￿der far finwKial statements to a true aNI faK VEW ￿ *xordance
th G*wralyAccepted 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)nc*mlng the fomi and C&￿tent of
ac¢>wnts set out in the Chavities (knounts and Rep￿ts) 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 re￿helL
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
Stoc*s
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 fir1￿ClaI ststements were apwoved by the Trustees on ..1 1.10.71 L*..
A T￿jOr.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 Fa￿r￿. 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 priK1￿1 obpct of the chaiity is the ptovtsion
I¥￿tion offa(alilies for youry people to assist in their development thrcwh CoM￿tr￿¥e aThl s¢iaal aca1Wt￿.
edwtion and Miig. The organisation ￿411￿ recr&ilion and other leisure time orywpalwyi to Xwrove the
<y￿dItiOn 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 Re￿b￿ of Irdarmr
rFRS 10f) aiml the Charilie5 SORP "PLcumtirvJ avxl RepxJrtNvJ by charit￿&. Statem￿ of Reojmmended
411￿ab[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
unreStr￿d 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 T￿lVed.

MONTGOMERYYOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
Icontinued)
Lega￿e$ ￿e recwnised on recwt or otheTrvise if the charity has been notiTh&J of an impendlng dithbon,
the a￿rrt 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 defe￿ed and
1A Exwndllur
Expenditure 15 wnised once there kg a ￿081 or cx)n*ftth Obligati￿ to transfer e￿￿t￿nIG 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 n￿SU[ed reliably.
Expendknre is cLqssFfied by activity. The o)8ts of eath ￿ti¥ty are m*lÈ up of the total of drect and
shared indudry Supp￿ costs invofved in undertakN¥ each actmty. Direct c*Jsts attrilxrtable to a &N￿le
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￿ tth*en those aclithes a basis
Eypenrfrture on raising funds br￿Jude5 all expeFKliture by the charity to Trise funds for its tharilable purtKw8
and includes cAists of all fundraising aCti￿tieS. events and 17on-charilable trad1￿.
Grants payable are d￿rged 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 ￿ndit￿l￿8 attathing are fvlfilled. Grants
offeted subJ"eL* to oJTrStion5 wIKh have not L*en 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% red￿ng balance
and the Cary1￿ value ofthe a5￿t. aThJ is reqx¥gni5ed ITr the StateTh￿ offina￿la1 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 k￿eT of 035t aFvJ estwlla￿ sdfiw wice le5S D)sts to oJmfft and sell. Cost
IrK￿rTed in tsiryng the St￿*S to Ihey present l()r4&on aThJ o)ndilMJn. lteTh￿ held for distrtxthD at no or
Net realsable vatue bs the e￿lma￿l 8elli￿ less al estimated Lx*ts of 1xiM￿tim and ajsts to i
tncurred in marketsy. selliTh3 and dlstr1tx￿.
1A Cash and cash equivalents
Cash and cash equivalents Ind￿je ￿5h in hand. de￿sIts held at ￿11 with banks. olher shcfft.teffli IKiuid
thin boThty*ing8 in ￿￿eTht li*h*t*s.
1.10 Fund ac¢oun¢i
Genernl fund5 funds vthich are available for uge at the of the Trusle8s in
pU￿0$e8. The aim ar￿ use 0f￿th designaied fund 15 set out in the note5 to tt*fM)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 ap￿iCati￿n ofthe chariirfs aLr￿unting 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 arl￿nting

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 r￿Nable
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 of6upwrtf￿5ts (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
t￿7
101
101
4.030
5.937
Rent
5.937
Honcrfwium
mem1￿[ShIpS
Office refurtiishm￿rt
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 d￿Ing 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 T￿ed 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
F￿Ished 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￿. arn￿nts due within one year
2.314
711
519
Defeffed Incl￿￿&
16
531
Olher<xeditors
572
6.740
711
Cu￿ent 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 administe￿1 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 Foy*4e to U* fund * the bfjlan￿ sheet date.
17 Restricted funds
The In￿me funds of the charity Ind￿je restricaed funds (xryiising the folbw¥w unexpended balan(x of
dona￿n5 aThJ gr￿5 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•sourt*s 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 lo￿lage grdnt contribute tThVa￿ tran8latwJn a￿1
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
B*aTKe 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 ur**rtakn for JEar as a ￿nty Off#Jal
£3Q) {Lynfa Jone&. Char)
£220 (Alun TUdor-ThOm￿- c￿nty VKe Cha￿)
£160 {Kalie Jones. Cowty Marketiry offi￿r)
£160 (SiLY*d Mlls. cO￿ty Comw•JnThtbxs olf￿)