AXMINSTER UNG FARMERS. CLUB CHARITY NUMBER: 271101 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
STER UN FARMERS. CLUB HARITY NUMB R: 271101 NTS FOR THE YEAR ENDED INDEX PAGE Twstees, Report Independent Examinerfs Report Statement of Financial Activtties Statement of Financial Position Notes 7-10 Charity Account (this page does not fomi part of th8 Statutory aCCUnIS) 11
TRUSTEES. REPORT OF AXMINSTER YOUNG FARMERS. CLUB CHARITY NUM ER: 2711 OR THE YEAR ENDED 31AU UST 202 The Trustees present their report and the financial statemenls for the Year Ended 31 st August 2025. REFERENCE AND ADMIN STRATIVE DETAILS:_ Chariiy Number: 271101 Correspondence Address: Devon Federation of Young Farniers Clubs The Devon Rural Hub Amory Building Chertton Bishop Exeter, Devon EX6 admin@devonyfc.co.uk Trustees: Chaimian: Nicola Johnson Secretary: Lydia Steele Treasurer: Emily Dare Chairman: Emily Dare Secretary: Will Tewson Treasurer: Amelia Dare Relired 3010912024 Resigned 1410312024 Retired 3010912024 Appointed 3010912024 Appointed 3010912024 Appointed 3010912024 Charity Number: 271101 A¢countsnts: Westcotts {SW) LLP Chartered Accountants Timberly South Slreet Axminster. Devorb EX13 SAD Bankers: Lloyds Bank PLC Trinity Square Axminster Devon EX13 5BY
TRUSTEES. REPORT OF AXMINSTER YOUNG FARMERS, CLUB CHARITY NUMBER: 271101 . Continued STRUCTURE GOVERNANCE AND MANAGEMENT Axrninster Young Farmers, Club is a registered charity with the Charity Commission for England and Wales. It fulfils its charilable aims by carying out activities (as stated below) within the agricultural community of the market town of Axminster and ihe surrounding district, located in East Devon. Axrninsler Young Famiers, Club, originally founded in 1933. is govemed by the Standard Constitution of the National Federation of Young Fanners, Clubs, adopted 2nd October 1972. The Club is an association of not less than six young persons forrned in accordance with the form and constitution laid down for Young Farmers, Clubs by the Council of the National Federation to which Clubs shall be affiliated, as well as belonging to and conforming to the directions of the Devon County Federation of Young Farmers. Clubs. Axminster Young Farmers, Club has been registered with the Charity Commission since 21 st April 1976. Trustees of the charity are appointed from its members annually at the Annual General Meeting (nOnallY held in October). OBJECnVES AND ACTivrriES The objects of the dub are to". (al advance Ihe education of young members of the public at large in agriculture. home crafts, country life and related subjects and {b) in the interest of the social welfare of such rnembers to provide, and promote the provision of faciltties for recreation and other leisure time occupations, being facilrties which will improve Iheir conditions of life and will assist in the development of their spiritual and menlal capacities. self-reliano and individual responsibility so that they may grow lo full maturity as individuals and members of the community. Axminster Young Farmers. Club is an wbranl and friendly club, Ihat has a fully inclusive policy - allowing full membership to any individual between the ages of 10 and 28 land affiliale membership available lor older individuals). Through the educational and social activilies carried out each year for the benefit of members and the wider communty, the Trustees consider that the Charty has complied fully with its duly in section 17 of thè Charities Act 2011 to have due regard to public benefit guidance published by the Charty Commission.
TR AXMINSTEA YOUNG FARMERS, CLUB CHARITY N MBER: 2711 Continued ACHIEVEMENTS AND PERFORMANCE Activities carried oul during ihe year include members, participation in- agricurtural shows, amateur dramatics. public speaking, various inter-club competitions, sport. slock rearing and judging. The Club also organises many social events throughout the year, as well as holding fundraising events for other chartties and local good causes. The Trustees would like to thank all of the Club's supportèrs for their dedication to the club this year and look fomrd to another successful year. FINANCIAL REVIEW The principal funding source of the Chartiy is that of the activities participated in by lis members. Income for the year tolalled £36.850 (2024: £46.488) and expenditure totalled £39,204 {2024: £44,295). all of which was unrestricted. As al 31 August 2025 the Charity had unrestricted reserves of £29,932 (2024: £32.286}. Full details are disclosed within the Statement of Financial Activtlies and the Statement of Financial Position. The Trustees endeavour to maintain reserves at a level that Ihey consider appropriate considering the levels of risk that the Charity faces throughout the year. Considering the annual cost of livestock and educational activities, the Trustees do nol consider the reserves lo be excessive. bul allow the Club to fulfil its charitable objectives over the next 12 months. The Charity does not currently hold any restricted funds. STATEMETrrr OF COMPUANCE The Truslees are responsible for preparing the annual report and the financial slatements in accordance wth the accounting policies set out in the notes to the accounts and comply with the charity's governing document. the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charilies preparing their account is accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102> (effective 1 January 20151 (the 'SORP'). DECLARATION The Trustees declare that they have approved the Trustees, Report above. Signed on behalf of the Charity's Trustees:_ Signature- Emlly Dare Date: . 171.oz1.26
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AXMINSTER YOUNG FARMERS. CLUB CHARrrY NUMBER: 271101 I rewrt to the trustees on my examination of the accounts of Axminster Young Farniers, Club for the year ended 31st August 2025, lch comprise of the Statement of Financial Activities, Statemenl of Financial Position and related notes. RESPONSIBILITIES AND BASIS OF REPORT As the charty iruslees of the Trust you are responsible for the preparation of the accounts in accordan wilh the requiremenls ol the Charitres Act 2011 (Ihe A¢t'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination I have followed dl the applicable DirectTrons given by the Charity Comrnission under section 145(51{b) of the Act. INDEPENDENT EXAMINER'S STATEMEI Your attention is drawn to the fact thal the charity has FKepared the accounts (financial staternentsl in accoréance with Accounting and Repong by Charities: Slatement of Recommended Practice applicable lo charities preparing their aoUnts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2015) in preference to the Accounting and Reporting by Charities: Slaiemenl of Recommended Practice issued on 1 April 2005 which is referred to in the eant regulatrons has since been withdravm. We understand thai this has been done in or(ler for the account to prowde a true and fair view in accordance wtlh Generalty Accepted AccountirKJ Practice effective for reporting period beginning on or after 1 January 2015. I have completed my examination. I confimi that no material matters have come to my attention in ¢onne¢tion ¥th the examination giving me cause to believe that in any material respecl: accounting Tecor(Is were not kept in respect of the Trust as required by section 130 of the Act., or the accounls do r1 aOr(l with those records. or the accounts do not comply bNith the applicabte requirements concerning the fomi and content of accounts set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that Ihe accounts give a Yrue and fair view vthich is not a matter consiéered as part of an independent examination. I hav8 no concerns and have come across no olher matters in connection th the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signalur Sluart Carrlnglon FCA Independent Examiner Westcotts ISW) LLP Chartered A(Lountants Timberly, South Street, Axminster. Devon EX13 SAD ¢. ¢_fAei
AXMINSTER YOUNG FARMERS. CL CHARITY NUMBER: 271101 TATEMEW OF FINANCIAL ACTIVITIES oratin the income and ex nditure account FOR THE YEAR ENDED 31 AU UST 2025 Inco The résults lor the ywr dwlve lffjrn cOnnvIng aellvNi# ond there ar• no gains or loss•s othw than those Shown. All Ineome al exptrThJilure $1 below r•pwBsents unrestr4 lun The Charlty had no restriet8d lunds or endowmeftt funds In current or prlor Yr. 2024 INCOME AND ENDOWMEirrs FROM: Donatlons and legacies Voluntary Income- Membership Voluntary Income- Other Donations 2,340 40 2,380 2,440 1,ODO 3,440 Charttable activltles Social Stock (including insurance) Show and Sale Swnsorship 16,668 17,071 705 25,408 16,464 Investments Bank Depo&t Interest Recewl 43,012 26 36 Total Incomlng resour5 36,850 46,488 EXPENDITURE ON: Costs of generallng funds Costs ofgenerating voluntary income Aff ilialion Costs 4,727 3,793 Charitable activities Soci Stock (including insurance) Show and Sale Prize Money & Related Costs Skills for Lifelshow Expenseslsl Governance Costs Printing, Postage & Stationery Miscellaneous Expenses Depreciation Total resourees expended 15,141 17.369 730 824 20,802 16,582 1,296 1.347 49 209 155 172 207 39,204 44,295 Nel movement in fund during Iho year Total funds broughi forward 12,3541 2,193 32,286 30,093 Total lund$ carried fornard 29,932 32.286
AXMINSTER Y UNG FARMERS. HARifi NUMBER: 271101 sTATEMETr OF FINANCIAL PO I AUGUST 202 LUB The Charity had no restricted fund5 or endowment funds in the current or prior year. 2025 2024 XED Equipment and Sportswear 465 620 URR Stock Deblors Current Account Livestock Account Insurance Account Generator Account Cash in Hand 474 7,868 10,194 10,280 1,154 1,616 80 31,666 7.803 11.662 826 1,631 80 29.467 LIABILITIE Creditors URREKr 29.467 31.666 29,932 32,286 TOTAL FUNDS OF THE CHARITY Unrestricted funds balance brought forwards Movement in unrestricted funds during the year Unrestricted funds balance at year end 32,286 2.354 29,932 30.093 Signed on behalf of the Charty's Trustees by:_ Amelia Dare (Treasurer) Signalure: Date:
AXMINSTER YOUNG FARMER HARITY NUMBER: 271101 ACCOLINTS FOR THE YEAR ENDED NOTES: Basis of accounting The accounts have been prepared to give a Yrue and lair wew,. using the historic cost convenlion with the exception that investments are vatued at market value where applicable. The financial statefflents are in accordan the charItS governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recom mended Practice applicable to Charities preparing their account is accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 January 2015) (the 'SORP'I. The chartty constitutes a public benefit entity, as defined by FRS102. 2. ACCOUNTING POLICIES The principal accounting F)olicies, sel out below. have been applied consistently throughout the year and the preceding year. There are no materid uncertainties aboul the charity's abilily to continue as a going concem. The charity has taken advantage of the exemption stated in FRS102 paragraph 1.12, and as such has not prepared a cash flow statement or made disclostsres in respect of financid instruments. Judgements and key sources of esllmatlon uncertalnty The preparation of the accounls requires the management to make judgements, estimates and assuml0nS that affecl the amount reported. These estimates and judgements are continually rewewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable in the circumstances. Incoming resources All incoming resources are induded in the statement of financial activities when the Charily is enlilied lo the income and the amount can be quantified wtth reasonable accuracy. The following specific policies are arplied to particular categorres of income: Voluntary income is received by way of membership. donations and gifts and is included in full in the statement of financial activities when receivable. t)onated servi$ and facilities are included at Ihe value to the Charily where this can be quantified. The value of seNices provided by volunteers has not te8n included. Income from investments is included in the year in which it is re[vable. Unrestricted funds are donations and other incoming resources retsivable or generated for the objects of the Charity wthoul further specific purpose and which the Charity may use in the pursuance of its objects at its discretion. Where applicable. designated funds are unrestricted funds earmarked by the Trustees for particular purwses. Where restricted funds have been received, they are subject to $tCtIOnS on Iheir expenditure imposed by the donor or through the terms of an apped.
AXMINSTER YOUNG FARMERS. CLUB CHAAITY NUMBER". 271101 Accoumfs FOR THE YEAR ENDED 31 AUGUST 2025 Continued Expenditure and liabillties Expenditure is recognised on an accrual basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both cosls thal can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include costs relating to the general administration of the Club. Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resour$. Tangible Ilxed assets and depreciatlon Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to wrile off Ihe cost less residual value of each asset over ils expected useful life. Within the accounts Equipment and SpOrtsvar is recognised as a fixed asset and is depreciated on a 25°/• Reduang Balance basis. 3. TANGIBLE FIXED ASSETS ui ment & ortswear Cost At 1 Septernber 2024 Additions At 31 August 2025 3,837 Depreclation At 1 September 2024 Depreciation Charge for Year At 31 August 2025 3,217 155 3.372 Net book values At 31 August 2024 At 31 Augusl 2025 620 465
AXMINSTER YOUNG FARMERS. CLUB CHARITY NUMBEA: 2711 ACCOU R THE YEAR ENDED 2025 2024 Social Club livestock 148 7.720 7.868 7,803 7,803 Club livestock debtors represent Ihe original cost of livestock or the contribution made towards livestock that has been paid by the Club and is currently in the possession of members (less any amounts already paid by Ihe members). 2025 2024 5. CREDITORS AND ACCRUALS Amounts falllng due wlthin one year Livestock 6. TRUSTEES. REMUNERATION AND EXPENSES Trustees. remuneratlon No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. Trustees, expenses Three Truslees were reimbursed expenses totalling £3,657 during the year (2024: £4,097). These reimbursements for out-of-pocket expenses related to costs of charitable activtlies including organising club events and general club adminislralion costs. 7. ACcourAWf FEES No fee has been charged this year or in the previous year for the work carried out by Westcotts ISW) LLP Chartered Accountants.
AXMIN TERY UNG FARMERS. CLUB CHARITY NUMBER: 271101 ACCO FOR THE YEAR ENDED 31 AUGUST 2025 IN The charity maintained healthy reserves as at 31 August 2025 and the trustees have no doubts that the charty is a going concem. 10-
AXMINSTER YOUNG FARMERS. CL CHARITY NUMBER: 271101 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 HARtrY ACCOUNT The funds retained within the Club's charwly account are collected on behalf of Ihe Club's selected charilies and as such does not form part of the charity's financial statements. The figures delailed below are only stated to provide the user of the financial statements with additional detail in respect of the Club's charitable fundraising work carried oul during the year. 2025 2024 Fundraisln on behalf of other charilies Weldmar Hospicecare Hospiscare Dementia UK Axminster & Lyme Cancer Support Flamingo Swimming Pool, Axminster Devon Air Ambulance Force Cancer Charity Axminster Hospital League of Friends Cancer Research UK Pippins Community Centre, Axminsler FCN - Farming Community Network 828.95 828.95 598.58 426.21 426.21 598.58 4,011.56 982.92 250.00 4,011.57 1,262.59 535.00 982.92 250.00 Total 3,707.48 12.286.56 11