Reglstered Charity No. 265209 Diss and District Young Farmers Club Accounts Ih 30 June 2024
Diss and District Youn Index to the aetounts Year Ended 301b June 2024 Farmers Club Page Number Charitv IntomtIon and Otlicers, Report Statement of Trustees. Responsibilities Independent Examiner's Report Statement of Financial Aclivities Balanee Sh¢et 8-11 Notes to the Accounts
Diss and District Youn Trustees Annual Re ort For the Year Ended 30 June 2024 Farmers Club Ih The Trysttts pr&sent their r¢w)rt for the year ertd 30 JWR 2024. Diss Young Famiers Club w&s fornisj in April 1943. The charity was r¢gistered with the Charity commi10 (registration number 26521Y)) in 1973 a clwity. The primary objectives are: a) lo advance the eth]¢ttion of young memb¢rs of the public at large in agriltll, l)ome crafts. country life and relaied subjects; and bl in the interests of the xoeial welfue of such mernkn ts) provide and prnmote the provision of facilities for r¢crcation and other l¢i5ure lime occupaiions, being faciliiies which will improve their colldiiions of life and will assist in the developrnent of their spiritual and mental e4pacities. self-reliance and in(lividual responsibility so that th¢y may grow to full maturity &$ individuals and membcr5 of th¢ ¢ommunity. The charity is an uninrporated institution and its 8ovemin8 document is the Constituiiott adopted on 261n July IY72. Registered Addr. YFC Office Norfolk Show8round Derehani Road New Costessey Norwich Norfolk, NR5 ofT TNstee$: Chairrthon Vic¢ Chairper50n Tr¢8$urer Edward Siimson Edward Saunders Thomas Webster Bankers.. BaTclays Bank PIC Market Ple Diss Norfolk Investment Mwwg¢T5'.CCLA In•/estMt Management Ltd COIF Charitv Funds O Chcapsidè London EC2Y 6DZ Independent ExAminers'. W&veney Accountants Ltd TIA Nenan & C¥J 4b chh Sty¢¢t Diss Norfolk IP22 4DD
Diss and District Youn Trustees Annual Re ort For the Year Ended 301h June 2024 Farn)ers Club Review of Adiylties and Future Developments The club membership this year stood ai 28 signed up members. with a number of these being new meEnbers iongsid¢ rnaTry returning fac¢s. Some highlights of the year'5 pmgrdmme include the sual joiut club meetings. along th¢ tour&lvisits aplenty- AloTrgside these we held our Annual Fireworks Nigbt & ow theese and Wine evening. however there was the notable absence of our Foam Party So¢i81. Tli¢ Club has also SUCCsfullY fundraised over £2.5 for our chosell for the year. M¥millan Canc¢r SupporL by holdin8 a successful Race Night and thnatious fr(ym our annual Carol singing. Publlc Benefit Statement The charity has coLsidered the r¢quire[tnIS of th¢ Charities Commission with respect to ensur1 its activitie$ are demonstrably for the beneftt of the pubti¢.
Diss #nd Distriel Youn Trustees Annual Re ort For the Year Ended 30 June 2024 FAmers Club Reserves The charity's free Teserves 8t 30 Julle 2024 amount to £22.665 (2023 - £20J291. This is an acceptsble level bearing in mind ihe Chan'tv Commis%ion's advice about charitics holding inappropriate larg¢ rtserves. It is the policy of the charity to maintain sufficient fiuds. th enable it w cauy out its objective Risk Polici. The Ttustees have examined the major risks which the charity faces and confwm that sysms bave been established to mitigate those risks. Edwrd Stlmgo Edward Sallnders Tbom•$ Webster Date:
jiss and Dlstrict Youn Farmers Club Jiatement of Tru5tees' Res onsibilities For the Year Ended 30, June 2024 Law applicable to charities in England and Wales requires the trustees to prepare financial statllents for each financial year which give a thie and fair view of the Charity's financial acuvities during the vear and of its flljancial position at the e1 of the year. In preparing fllLaDcial statements giving a true snd fair view. the trustees should follow best prnctice and= 8elect suitable xcounting PDIicics #nd then apply thcm cotLSiStently; make judgments and estimates that are r¢asonable and prthL state whether applicable accounting styidxrds and tstemeDts of re¢ommended practice have b¢¢n followed. subjc¢t to any d¢parnires disclosed and ¢xpl&ined in th¢ fin8n¢ial stotem¢nts and.. prepare the financial statements on th¢ going Concern b*si5 wikss it is iDappmpriat¢ to pr¢sum¢ the ch&rity wsll continue in opefaiion. The tTUStets srt res)nsIble for keeping accounting records which disc105e with reasonable accuracy the fEnan¢ial posiiion of the ehariry and whi¢h enable them to ascrrtain th¢ financi¥l posilion of th¢ charity and whi¢h cnable them io ensure ihai ihe financial statements comply with the Chhrities Aet 2011 and the trust deed. They arc also responsible for safeguarding the L%s¢ts of ¢he charity and h¢nc¢ for tsking re&8onable steps for thc pr¢vcntion and detcction of frbud and other irregularities. On behlifofihe Trn51¢ Edw#rd Stlrnso Edward Saunders Thomai Webrter Date:
Diss and District Yfjv Farniers Club For the Year Ended.lil 2024 IndepeDdeDt EI8mlner's Report to the Trnstees of Diss and D15trict Young Fanners lll. I report on the accounts of the club on Pages I to I I for the year 30 June 2024 Respeetlve re5pon517)ilities of trustees amd eumlDer Th¢ charity trusttts are responsible for the preparation of the accounts. The trustees consider that an audit is ttot required for the yvdr under section 144(21 of the CIMTities Act 2011 (the Charities Act) and #n independeni cxwnination is needed. It is my r¢sponsibility .. xamine Ihe accounis uler section 145 of the 2011 Aei: tollow the PToceduTCS laid down in the generdl Direcuons given by the Charity Com¥ni&sion (under section 145(5llb} of th¢ 2011 Act- and stht¢ wh¢ther particular matters have come h) rnv atteniion. B$l8 of Independent examlner'l r¢rI My examinaiion was carrted out in accordan¢¢ with the Genernl Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comperison of the accounts presented wilh those r¢eor&8. li also includ&8 consideration of any wiu5ual i¢¢ms or di10$UreS in the accounts, and geeking explanations from you as trustces concerning any such matt¢r5. The pr(wlures undertaken do not provide all the evidence that would requtred in an audit and consequently no opinion is given a5 10 whether the accounts preseni a 'trne and fair view. and the report is limited io those malters set out in the statement below. Independent exAmlntr's sllemen¢ In ¢0[ectIOn with my ex8minAtion. no matter has com¢ to my attention: Which giyes us reasonabl¢ w$¢ to b¢li¢v¢ thai in any ma18] respxt the requirements to k¢¢p aountIng records in accordance with s¢¢tion 130 of the 2011 Acl: and to prepare accounts which accord with the accounting r¢¢ords and to comply with the accounting reouirements of the 2011 Act hav¢ not been m¢L or io whi¢h. in our opinion. attention should be drn in OTder to enable g propff und¢tsdin8 of the accounts to be reached. Wavne Godda CCA ACA CTA Waveney Accountants Ltd tla N¢wmaTL & Co. Chartered Accountants & Regi8tcred Auditors 4b Church Street Di&$ Norfolk IP22 4DD Date: .........
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Farmers Club t8tement of Financi81 ActiTrities For the Ye8r Ended 30, JuDe 21124 Notes UDr¢stricted Fd5 2024 Restrlcted Funds 2024 Tot1 Funds 2024 Total Fullds 202.1 ICOMING RESOURCES Incomlng resources from geDerted funds Activsti¢s for ¥eneratiny ltsNIs" Inyestment income 25.426 4596 30.022 27.1811 328 Total Incoming Resour¢e8 25,970 4.596 30.566 27,516 RESOURCES EXPENDE Dlreet eharftable expendl¢ure SubsLrip¢iotLS Donations 2265 2.265 3.120 2.887 3.120 Other Expendlture Fundraising Costs Manag¢ni¢nt and Administrati¢)n 23,704 166 899 24.603 19.031 1.245 To¢*1 ReJources expended 26.135 4.019 30.154 23.163 Net (outgolnE)/ltteomlng resourees {165) 577 412 4.35.: Unrealised gains on investments Transfer between funds 2,455 19961 2,455 1,729 996 Net movemertt Art funds 1294 .573 2.867 6,082 Fund balances brought forward 43,409 ,302 Fund balances carried fonvard 44.703 2.875 47,578 44.711
L)Iss nd Distrirt YOUD Balinte Sheet For the Year Ettded 301b June 2024 Frmers lub Noles Uorestrleted Funds 2024 Total Funds 2024 Total Funds 2023 Funds 2024 Fixed Assets Investsnents 26,836 26,836 24,382 Current Asseis Cash ai bank and in hand Short temi deposits DebtOTS 5.493 12.374 2,875 8.368 12,374 8.49¥ 11,831 17.867 2,875 20.742 20.329 Current Lllblllttes Creditors TntAI ntt assets 44.703 2.875 47,578 44,711 Funds 44,703 2,875 47,578 44.711 Iv¢ approve The accounts on pa8&4 6 to I l and confirni thai the records produe&l together with th¢ infomiation and ¢xplanarions provided, constitute & trne and correct record of the ¢Tansa¢tions of Diss and District Young Fer8 Club for th¢ year ended 30 Jun¢ 2024. SlgD¢d on b¢hAifol ttse Offlcers S#wnders Edw*rd Thomu W'ebster D4t¢:
Iss and Dlstrlct Youll F•rmers Club Nntès tQb the Financial StAttments For the Year Ended JO,. June 2024 Princlple a£countfjng polleies (a) Accountlng eonvetttlott The charity constitute5 a public benefit entity a5 defined by FRS 102. The finoncial statements have been prepared in accordance with Accountitl8 and Reporting by Charities.. Statement of Recommended Prnctice applicable to charities preparing their accounts in accordance with the Financial Rqjorting Stsndard applicable in the UK and Republic of Ireland (FRS 102} igsucd in October 2019, the Financial Reporting Standard applk¢able ID the United kn"ngdom and Republic of Irelatxl (FRS 102), the Clwiiies Act 2011, and UK Generally Accepted Practice. (b) Don8tlons grants Dd 51rnllr Incomlng resDllrc¢s Donatiofts. fvndraising income, subscriptlOlLS and sirnilar incoming r&oU are recorded in the statcmeni of financial activiiitt as soon as thev are received. (e) Investm¢n¢ Bank interest 15 received ¢ross of tax and includeAI in the Statcment of Finan¢ial AetiViri¢8 on receipt. Dividends are receiyed net of their non- recovernble tsx credii. (d) Regourc¢J e¥peDd¢O All expenses are included in the Statement of Financial Activities as the obligation hrise$. (e) Flxed atsei lthvestmenti Invesmwnts held as fixed assets are ststed at the market value. Any loss or gain on revaluation is tsken lo the Stst¢ment of Financial Activiu¢s. Profils and losses lsIng on ihe disposal ol. investments are included in the Statemeni of Financial Activities as thev arise. bgsed on th- broughi forward ¥alue (or cost for additions di$}Sed of during the same year) of the investments sold. (o Stocks Stocks of merchandise are s¢ad ai the lower of cost and net Tealisable value. (gl Funds The charitv mainlaiThs Vario ty5 of fimd follows.. UnresÉri¢fed fvnds r¢pr¢5¢nt unr¢strictcd InMe whicb is exFendable at th¢ dir¢tIOn of th¢ Ttr¢S in furthaHnc¢ of th¢ obj11¥¢5 of th¢ chanTh'. Re5fric¢edfvnds repSellt &mtiOnS and 81allts rec¢ived which ar¢ allocat¢d by the doJM)r for specific putwbse.
Dis$ and Distriet yo Farmer$ Club -Yotes to the FinaDcial Statements For the Ye•r Ended 30 JuDe 21J24 2. In¢oJniDg reyoitrces Unrestrkted Res¢rkted Funds Funds 2024 2024 Total Funds 21124 Total Funds 2023 Actlvities for getheratkng funds FundTaising Sub8criptions Inve5tmeDt Intome ank Interest Divid¢ni 23.796 .630 4J96 28.392 .630 26.118 1.070 439 ios 439 105 217 25.970 4,596 30.566 27.516 J. DDnatlo#s Fire Fi8hier Clwity The Bit (' 3,080 3.080 3.120 3.121 4. Fvndrl$lne Costs Dan¢ei, social ¢venL8 and competitions Club Shiris 23.7( 899 24.603 18.378 23.704 899 24,603 19.031 S. Mnaqement and •drnlnl$tratlo PostaBe 2nd Stationery Equipment 1.24-- .24) 6. Officer'j remullerltlott No remuneratiotk or expenses wcr¢ poid to any of the Officers.
Diss and Districl Youn F8rmer5 Club Staternent of Fin&¢1&1 ActiTrities or the Yethr Ended IO" JuDe 2024 2024 2(J23 7. Investments arket Value at IJT Julv 2023 Unrealised profit in the year 24.382 2,455 22,653 1,729 26.837 24.3112 Inveqtments at rnarkd value compnse: cotF Charities Investhieni Fund Accumulatton UDits LOtF Charities Fixed Interest Fund Incom¢ Uttits 22.283 4.554 20.038 4.344 26.837 24.382 Investments at trLiStorical cost as at 3 Juu¢ 2024 comprise.. ',IF deposit acwunts 7.749 7.268 7,268 Investsnents are revalued annually #t a V41ue detemiined by the Club's inv¢strneni m8no8ers. 11. Debton 2024 2023 Swidry Debtors & Prepavmeni g. Credltors 2024 21123 A¢¢nwl*
Diss District You Frmers Club YoÉes ID the Fin8Dcial Statements For the Yesr Ended 3(1 June 2024 10. RestTi¢ted fund5 Blance as •¢ Ill Julv 2023 Incoming Rtsource Tr#ttsfer of Furtds Outgoing Rewurce B#lanee as At 311 June 2024 The Firefighters Charity Macmillon Cancer Resear¢b IJ02 1,818 2.778 (3,120) (899) 996 2,875 IJ02 4.596 (4,019) 2.87< li Control The Club is controlled by the officers who are listed on Page l. 12 Tax Starns The Charity has no liability to Inrne tax or capital gaills tsx.