TOTNES YOUNG FARMERS, CLUB (REGISTERED CHARITY NUMBER 272476) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
TOTNES YOLING FARMERS CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Mr William Poton Mi55 Eryn Hording Mr Daniel Cou5ey Ichairmanl Isecretoryl ITreasurer The above Iruslees were oppointed by Tolnes Yound Farmers Club and ocled from 9 October 2023 tc 24 September 2024 Charlty number 272476 Principal addre$3 Amory Building Cheriton Bishop Exeter Devon EX2 6JH Independenl examlner Tamor Accounting Citadel Lodge 20 Elliot streel Plymouth Devon PLI 2PP
TOTNES YOUNG FARMERS CLUB CONTENTS Page Report of the Trvslees Independenl exominerfs report stotement of financial activwlies Balance sheet Notes Ic Ihe financial slalements
TOTNES YOUNG FARMERS CLUB (REGISTERED CHARITY NUMBER 272476) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Irustees present their report and financial slalemenls for the year ended 31 August 2024. The financial statements hove been prepared in accordance wilh the accounting policies set oul in note I to the linancial stotements and comply with Ihe chorily's governing document, Ihe Charilie5 Acl 2011 ond "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilie5 preparing Iheir occounts in accordance with the Finonciol Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 effeclive l January 20191. Objeclives and actlvltles l. Advance the educotion of young members of the public at large, in agriculture, home crafts, country life and related subjects., 2. In the interest of social welfare of such members to provide and promote the provision of facilities which will improve their recreation and olher leisure limes occupations, being facililies which will improve Iheir conditions of life and wll assist in Ihe development of Ih'eir spiritual, mental capacities. self reliance and individual responsibililies so thal they wll grow lo full molurity as individuals ond members of the commvnity. 3. Our club is one of 38 clubs affiliated to the Devon Federotion of Young Farmers Club's. Page I
TOTNES YOUNG FARMERS, CLUB (REGISTERED CHARITY NUMBER 272476) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED) Main achievements in year Raising finance and awareness of charilable courses in the mosl socially fulfilling methods possible for our members as well as providing said members with opportunitie5 to engage in compelilion, sports and a wide ronge of social events. We complete fhe year wilh our AGM and celebration to thank the members. advisory and their associates for their help and goodwill. Any surplus funds that ore unrestricled are retained to cover any unforeseen expenditure. The survival and sustainability of Ihe charity is a primary factor in Ihe allocation of funds and the trustees reserve Ihe right lo allocate funds however they see reasonable to ensure that the charity remains operational. The trustees have a responsibility to idenlify and review the risks lo which Ihe charity is exposed and to ensvre thot appropriate controls are in place lo provide recsonoble assurance ogainst froud and error. Approved by order of the boord of truslees on 24 September 2024 and signed on its behalf by Mr D Cavs•y (Treasure Page 2
TOTNES YOUNG FARMERS, CLU8 (REGISTERED CHARITY NUMBER 272476) REPORT OF THE INDEPENDENT EXAhllNER I report lo the Trustees on my examination of the financial sfalemenl of Totnes Young Former5, Clvb (the Chorityl for Ihe year ended 31 Augusl 2024. Respecllve responslbllltlès of Irustees and examlners As the trustees of the charily. you ore responsible for the prepafotion of the financial statements ir) OCCOfdance with the fequirements of the Charilies Act 2011 Ilhe 2011 Acll. I report in respect of my examinalion of Ihe Charity'5 financiol slatemenls carried oul under section 145 of Ihe 2011 Ac. In Cofrying out my exominotion, I hove followed all the applicable Directions given by the Charity Commission undei section 145151 Ibl of the Act. Independent exomlners slatemenl I have completed my examination. I confirm Ihot no material matlers have come to our otention in connection wilh the exominalion giving me cause to believe thal in any material respecl: I I l accounting records were not kept in respect of the ch(Tity as required by section 130 of the 2011 Acl: or 121 the financial slatements do nol accord wilh Ih05e records: or 131 the financial slalements do nol comply with the opplicable requirement5 conceming the form ond content of accounls set out in the charities (Accounts and Reports) Regulation$ 2(Y)8 other than any requirement that the accounls give a Irve ond fair view which is not a matter considered as part of an independenl examination. I hove no concems and hove come across no other mollers in connection wlh the exomination lo which allenlion should be drown in Ihis report in ordei to enable a pro er UndetandIng of the account5 to be reached. ovid Mockeen Tamar Accounting Ciladel Lodge 2A Elliot Slreet The Hoe Plymouth PLI 2PP 24 September 2024 Poge 3
TOTNES YOUNG FARMERS CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND expENDiTURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 2023 Unreslrfcled Funds 2024 Unrestrfcted Funds INeOMe 3,466.00 44,626.27 8,641.60 6,926.99 13,264.30 1,538.50 1,103.55 4283 1,750.00 80,75 Members. subscrfplions Club Sociol Events other Sociol Events Bor Income Club Stock Clvb Clolhing scellaneous Income Inlefest Received SCholahIp Donation5 Prize Money 2,626.00 26,112.98 10,390,37 650.00 9,667.65 3.886.SD 106.6B 26. 53,466.18 81,440.79 EXPENDITURE 1,668.50 1,776.77 16,974.63 8,998.89 3.828.09 21,365.40 2,195.C6 1,750.LX) 308.53 720.C 30.75 25,500.C() Alflliolion Fees: Locol Nolionol 2,383.00 2,599.89 15,172.27 10.129.68 Club Social Events Other Social Even15 Bor Expenses Club Stock Club Clothing Scholarship Miscelloneous Expenditvre Independent Examination PrrLe Money Charity Donolions 6,S40.81 4,232.72 528.76 720.C 196.16 4,050.OJ 85,116.62 46.553.29 13.675.831 NEY (DEFICIT)ISURPLUS FOR THE YEAR 6,912.89 The slolemenl ol financial activities include5 all goin5 and losses recognised in the yeor. All income ond expenditure derive from connung activities. Pagè 4
TOTNE5 YOUNG FARMERS CLUB BAIANCE SHEEF AS AT 31 AUGUST 2024 2023 2024 CURRENT ASSETS 14,404.64 Lloyds CvTrent Accovnt 20,564.67 7.IlJ4.04 Lloyds Savings Account 7.194.09 1.130.65 Lloyd$ 100 Account 1.144.98 179.64 Lloyds Scholarship Accounl 181.94 545.66 Lloyds Slock Account 3,671.84 4,225.(M) Debtors loo. 27.589.63 32,857.52 CURRENT LIABILITIES 2,365.c(I Creditors 720. 25,224.63 TOTAL ASSETS LESS CURRENT LIABILITIES 32,137.52 REPRESENTED BY: REfAINED PROFITS 28.90D.46 Brought Forward 25.224.63 13,675.83) IDeficill/Surplus for Yeor 6.912.89 25,224.63 32.137.52 The financial statements were approved by Board of Truslees on 24 September 2024 and were s ed on ils behalt by Mr William Trustee oton Page 5
TOTNES YOUNG FARMERS, CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 l Accovnllng pollcle$ 1.1 8asl$ or preparlng the financlal slalemenls The financial sfotemenls of the charily. which is o public benefit entity under FRS102. have been prepared in accordance wilh the Charities SORP IFRS1021 "Accounting and Reporting by Charities: Stotement of recommended Practice applicoble to chorilie5 preparing their accounts in accordonce with the Financial Reporting Standard applicable to the UK cnd Republic of Ireland IFRS1021, Financial Reporting standard102 'The Financial Reporting standard applicable in the UK and Republic of Irelond" and the Chorities Act 2011. The financial stalemenls have been prepored under the hi51orical cost convention. 1.2 Income All income is recognised in the Slalement of Financial Activities once the charily has enlillement lo the funds, it is probable thot the income will be received and the amount can be recognised reliably. 1.3 Expendllure Liabilitie5 are recognised os expenditure as soon os there is o legal or constructive obligation committing Ihe charity to that expenditure, it is Probable that a transfer of economic benefits will be required in selllemenl ond the omounl of the obligation con be measured reliably. Expenditure is accounted for on an occrvals basis and has been clossified under heodings that oggregate all cost reloled lo thal calegory. 1.4 Fvnd A¢¢ounting Unreslricted funds con be used in accordance wilh the charitable objectives at the discretion of the trvstees, Restricled Funds can only be used for particular purposes wthin the objects of the charity Restriclions arise when specified by Ihe donor or when funds are raised for particular restricted. 1.5 Taxallon The Chorily is exempl from tax on its charitable aclivilies Page 6
TOTNES YOUNG FARMERS CIUB INCOME AND EXPENDITURE DETAIL ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Income Expense Profftl{Loss) Club Soclal Evenls Charity Ball New Members Evening Group Big Breakfasl Exeter Chiefs Bowling Log Chop rework5 Christmas Meal Christmas Quiz Drama and Sponsorship Cor Treasure Hunt Adrenaline Quorry Auction of Promises 1,905.C¥) 670.73 52.30 11.234.271 152.301 1104.851 104.85 480.00 480.00 195.60 1,680.1x1 987.56 201.55 15.951 1,614.03 317.04 65.97 670.52 1.098.LKI 336.60 4,999.13 126.71 1,137.75 1,461.33 4,278.28 149.90 39.75 1.124.73 1720.85 23.19 280.IJ) 13.557.56 280. 6,085.91 7,471.65 26,112.98 15,172.27 10.940.71 othei Soclol events Devon YFC Christmas Bingo Devon YFC Bowling Crealy Ball Social Devon YFC Ball Devon YFC Creoly Challenge Devon YFC Dodgeball South West Areo Weekend Kenn Valley Point Party Devon YFC Splash Down Sociol Devon YFC Clay Shoot Soulh Dortmoor Bullins Social Z99.00 8.10 299.1)0 8.10 143.641 165Q(M)I 10.801 19.501 1340.071 142.001 129.001 154.LhJl 120.CQ 1,321.36 .00 1,365.00 250.00 68.80 70.50 7,377.61 160.00 29.00 7.717.68 202.C 36.00 120.CN) 10,390.37 10,129.68 (260.69) Page 7