PAGE 1 CORNWALL FEDERATION OF YOUNG FARMERS, CLUBS TRUSTEES REPORT FOR THE YEAR TO 31 JULY 2025 PAVILION CENTRE SHOWGROUND WADEBRIDGE CORNWALL PL27 7JE REGISTERED CHARITY NUMBER 300649 The Trustees present their report and accounts for the year ended 31 July 2025 Trustees The following Trustees have served during the year: S Olds B Whell M Bersey O Pearce M Lamerton C Worden K Pear B Alford A Lucas B Wakefield L Reynolds H Goodenough D Seabourne B Burley L Lougher M Richards J Bloomfield S Bond R Kurn D Jones J Pooley J Hill G Gillbard W Lethbridge C Rowe W Oatey A Irwin A Whell D Hoskin A Roskilly W Hosking C Vincent A Lumb M Rounceville A Smith K Jenkin C Pearson M Vincent J Semmens T Dymond L Marsh L Youd J Nankervis S Laity T Eddy S Goodwin L Pilsworth M Rundle L Bradley O Symons S Godden T Fowler C Cobbledick A Cleave SFry M Andrew T Lyne B Hodge R Howard L Barkwill J Steed A Rowe OJay PAGE 2 CORNWALL FEDERATION OF YOUNG FARMERS. CLUBS Indepgndont Examingr: C Rouse {ACCAI Balme, Kitchen & Pearce Ltd Chartered Ac¢ounlanls 25 Lemon Street Truro Cornwall TR12LS Bankers: Barclays Bank PIC 14 King Street Truro Cornw811 TR12RB Governin Documerbl The Cornwall Federation of Young Famers, Clubs is governed by a Deed of Constitution dated 25th October 2021. How Our Activities Deliver Public Benefit Our main activities and who we try to help are described below. The main areas of charitable work are organising county activities and the skills for life programme for young farmers. Ob'eclives and Activities The objects of the federation are.. - {al To advance the education of young members of the public al large in agricultural, homecrafts, country life and related subjects, and In the interest of the social welfare of such members, lo provide and promote the provision of facilities for recreation and other leisure lime occupations, being facililies which will improve their conditions of life and will assist in the development of their spiritual and mental capabilities, self reliance and individual responsibility so that they may grow to full maturity as individuals and members ofthe community. {bl The activities are similar to previous years of arranging County Activities and Training for Young Farmers. Review of the ear During the year with sound financial management and the support of staff, the charity has managed to attract grants as well as organising several fund-raising events and made a deficit for the year of £3.074. The Trustees consider the performance of the Federation for this year due lo the economic climate has been satisfactory. Reserves Polic The Trustees consider that reserves of al least £100,000 should be retained in order to cover the average annual expenditure. PAGE 3 CORNWALL FEDERATION OF YOUNG FARMERS. CLUBS Trustees Selection Trustees are nominated by other young farmers branches at their own Annual General Meetings and then subject lo being confirmed at the charity's own Annual General Meeting. TrLJStee Induction & Trainin New Trustees are briefed on their legal obligations under charity law, the Charity Committee guidance on public benefit, the decision-making process and the recent financial perfomiance of the charity. Trustees are encouraged lo attend appropriate extemal training events where these will facilitate the undertaking of their role. Risk Mana ement The Trustees have a risk management strategy which comprises of an annual review to discuss those risks identified and plan procedures to minimise any potential impact on the charity should those risks materialise. anisation There is a part lime county organiser who deals with the running of the charity under the supervision of the chairperson. statement of Trustees res onsibilities The Trustees are required under the Charities Act 201110 prepare financial statements for each financial year, which give a true and fair view of the Federation's financial activities during the year and of ils financial position at the end of the year. In preparing financial statements giving a true and fair view, the Iruslees should follow best practice and {al select suitsble accounting policies and apply them consistently., {bl make judgements and estimates that are reasonable and prudent., {c} stale whelher applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the financial stalemenls., {dl prepare the financial statements on a going concern basis unless il is inappropriate to presume that the charity will conlinLJe in operation. The Trustees are responsible for keeping accounting records which disclose, with reasonable accuracy, the financial position of the Federation and which enables them lo ensure that the financial statements comply with applicable law and regLJlations. They are also responsible for safeguarding the assets of the Federation and hence for taking responsible steps for the prevention and detection of fraud and other irregLJlarilies. roval This report was approved by the Trustees on and signed on their behalf by.. Trustee PAGE 5 CORNWALL FEDERATION OF YOUNG FARMERS. CLUBS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 2025 2024 NOTE Unrestricted Restricted INCOMING RESOURCES Funds Funds Total Total Incoming resources from generated funds.. Voluntary Income Activities for generating funds Bank interest 28,615 187,405 3,881 3,334 £223,143 28,615 35,073 187,405 225,362 3,881 3,177 3,334 223,143 £263,613 Investment movement RESOURCES EXPENDED Costs of generating funds.. Voluntary Income Charitable Activities 20,985 179,674 25,529 20,985 28,333 179,674 197,908 25,529 25,445 Governance Costs Totsl resources ex nsed £226,217 £226,217 £251,686 Net incomellDeficill Adjustment to opening balances Funds brought forward Funds carried forward {3,0741 13,074) 11,926 348,467 £345,393 348,467 336,541 £345,393 £348,467 The Statement of Financial Activities includes all gains and resources expended and derive from continuing activities. The notes on pages 7 to 10 form part of these accounts. PAGE 4 CORNWALL FEDERATION OF YOUNG FARMERS, CLUBS Inde endent Examiner's Re ort lo the Trustees of The Cornwall Federation of Youn Clubs Farmers I report on the accounts of the charity for the year ended 31 July 2025, which are set out on pages 5 10 10. Res ective Res onsibililies of Trustees and Examiner The charity's Trustees consider that an audit is not required for this year in accordance with the Charities Act 2011 Ilhe Acl}, and that an independent examination is needed.11 is my responsibility to.. Examine the accounts (under section 145 of the Act, as amended), To follow the procedures laid down in the General Directions given by the Charity Commission (under section 14515llbll of the Act, as amended), and To stale whether particular matters have come lo my attention. Basis of Inde endent Examiner's Re ort My examination was carried OLJt in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accoLJnting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the auounts and seeking explanations from you as Iruslees Con￿rning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Inde endent Examiner's Statement In the course of my examination, no matter has come to my attention= which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that., proper accounting records are kept lin accordance with section 130 of the act) and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the act., or 2. to which. in my opinion, attention should be drawn in order to enable a proper Ljnderslanding of the accounts to be reached. C Rouse IACCAI Balme, Kitchen & Pearce Ltd Chartered Accountants 25 Lemon Street Truro Cornwall TR12LS