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2020-08-31-accounts

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS' CLUBS
CONTENTS
Page
REPORT OF THE TRUSTEES 1-3
STATEMENTS OF TRUSTEES' RESPONSIBILITIES
INDEPENDENT
EXAMINER'S REPORT TO THE TRUSTEES OF
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS' CLUBS
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS 8-16

T he Trustees serving during the year and since the year end w ere as follow
M
S
J		 Robinson
Dunn
Bowerman		 A
J
M		 Doyle
Vizard
Weaver		 S
M
L		 Riley
Ryder
Browning
G Hope B Stephens J Walker
P Griffiths K Turner C Latimer
E Cottrell 8 Lyons R Warner-King
B Mann C Adams B Sealey
E Greening P Lewis R Ashton

Note Unrest- Desig- 2020 2019
ricted nated Total Total
funds funds funds funds
Incoming resources
Grants receivable 2 1,750
Donations 3 6,493 6,493 8,485
Levies from individual
young farmers'		 club 11,975 11,975 12,408
Dances and other fundraising events 4 24,596 24,596 42,974
Sundry income 190
Bank interest receivable 370 370 505
Total incoming
resources		 243,434 2- F43,434 f66,312
Other expenditure
Raising funds 5 12,494 - 12,494 33,463
Activities
in furtherance		 ofcharity's objectives 5 387 - 387 2,601
Management
and administration		 5 22,712 810 23,522 35,447
Total resources expended 235,593 F810 F36,403 F71,511
Net income/(expenditure) 7,841 (810) 7,031 (5,199)
Transfer between funds
Net movement
in funds		 7,841 (810) (5,199) (5,199)
Fund balances brought forward 84,934 10,900 95,834 101,033
at 1 September 2019
Fund balances carried forward 11 f92,775 f10,090 f102,865 F95,834
at 31August 2020

GLOUCESTERSHIRE FEDERATION OF YOUNG FAR MERS' CLUBS
BALANCE SHEET
31 August 2020
Note 2020 2019
FIXEDASSETS
Tangible assets 289 844
CURRENT ASSETS
Stocks ofclub supplies and stationery 539 244
Debtors 2,649 2,711
Prepayments 783 1,330
Cash at bank and
in hand		 106,362 97,847
110,333 102,132
LIABILITIES
Amount
falling due within one year		 10 (7,757) (7,142)
NET CURRENT ASSETS 102,576 94,990
TOTAL NET ASSETS 2102,865 695,834
FUNDS
Designated
funds
Property and equipment fund 4,871 4,871
Vice Presidents'
fund		 484 484
Princess Royal training fund 4,735 5,545
Non-designated
funds
General funds 92,775 84,934
6102,865 295,834

2 GRANTS RECEIVABLE GRANTS RECEIVABLE
2020 2019
Grants were received from the following:
SWA Training 1,250
SWA Capital 500
F1,750
3 DONATIONS
2020 2019
Yearbook sponsors
AC Belting 30 45
Albutt
Limited		 85
Bruton Knowles 85
CFM 45
Cotteswold
Dairy		 25
D C Merrett 85
Farm 491 45
Gloucestershire Root, Fruit and Grain 45
Green Farm Seeds 30 85
Griffiths
Marshall		 90
J J Farm Services 25 45
Lister Wilder 25 85
NFU Mutual 60 85
Stow Ag 85
Taylor Attachments 45
330 820

year ended 31 August 202 year ended 31 August 202 0
DONATIONS continued
2020 2019
Rally
A C Belting 80
Carver Knowles 50
Cotteswold
Dairy		 50
David James 8 Partners 50
Farm 491 295
Gloucester Root, Fruit and Grain 45
Green Farm Seeds 80
Genus 50
JJ Farm Services 25
Taylor Attachments 245
970
Other
Court Farm Shop 100
Farm 491 50
Genus 100
GFMT 2,500 2,500
Godsell's Cheese 100
NFU Trust 2,000 2,000
Painswick YFC 10
Anonymous 500
Peter Horn funeral donations 283
4,783 5,360
Lottery funds and Friends of
Gloucestershire
Young Farmers lottery fund		 900 825
Friends ofGloucestershire Young Farmers 480 510
1,380 1,335
F6,493 F8,485
for t he year ended 31 August 2020 he year ended 31 August 2020 he year ended 31 August 2020
4 DANCES AND OTHER FUNDRAISING EVENTS
2020 2019
October Party 7,180
Hillsfest 5,132
Three Counties Ball 1,570
Spring
Fling		 11,051 7,488
Glitter Ball 5,105 12,775
Rally 114 9,992
AGM/SWA weekend and other courses and events 630 1,569
Tug ofWar day 3,410
Frog Racing 1,038
RABI Farmhouse Breakfast 516
224,596 F42,974
5 RESOURCES EXPENDED
2020 2019
Raising funds
October Party 3,682
Hillsfest 9,968
Spring Fling 3,939 4,094
Glitter Ball 4,869 11,531
Rally 4 5,980
Tug ofWar day 1,890
F12,494 633,463
year ended 31 August 202 0
2020 2019
Cost ofactivities
in furtherance		 ofcharity's
objectives
Yearbooks 1,080
Performing
arts competition		 expenses (113) 1,521
Charity donations 500
f387 F2,601
Management
and administration		 ofthe charity 2020 2019
Staff costs 9,994 17,563
Travelling
expenses
Telephone
Postage
Stationery
and office supplies
ITsoftware expenses
Website development		 555
819
195
211
693		 1,008
1,697
233
433
789
1,900
Advertising
Office expenses and room
Photocopying
Accountancy
Subscriptions
Sundry expenses
Training
Depreciation		 hire 348
6,413
1,398
600
221
30
1,162
555		 297
6,397
1,787
600
418
107
524
1,218
Repairs 328 476
f23,522 f35,447

Staff costs Staff costs and numbers
2020 2019
Salaries and wages 11,890 17,463
Pension contributions 90 100
CJRS Grant (1,986)
E9,994 617,563
No. No.
The average number ofemployees was
Part-time

TANGIBLE ASSETS
Office equipment
E
Cost
At 1 September 2019 27,230
Additions
At 31 August 2020 27,230
Depreciation
At 1 September 2019 26,386
Charge for year 555
At 31 August 2020 26,941
Net book value
At 31 August 2020 289
At 31 August 2019 844

7 DEBTORS 2020 2019
Trade debtors 2,397 2,353
PAYE debtor 252 358
E2,649 f2,711
8 PREPAYMENTS 2020 2019
NFU insurance 187 185
Pension 26
NFYFC membership cards 204
Young Gloucestershire
Train the Trainer course		 80 100
95
October Party 720
RABI Farmhouse Breakfast 516
F783 F1,330
9 CASH AT BANK AND IN HAND 2020 2019
Cash float 26 53
Bank - NatWest account 10,296 16,578
-AGM account 570 570
COIF Charities
Deposit account		 95,470 80,646
f106,362 F97,847
10 LIABILITIES —due within one year 2020 2019
Trade creditors 1,540 1,216
Funds from dormant clubs 4,457 4,446
Accruals 1,760 1,480
E7,757 E7,142

Balances Balances Net Transfers Balances
at 1Sept incomel between at 31Aug
2018 (expenses) funds 2019
Designated
funds
Property
and equipment		 fund 3,153 1,718 4,871
Vice Presidents fund 484 484
Princess Royal training fund 4,405 1,140 5,545
8,042 2,858 10,900
Non-designated funds
General funds 92,991 (8,057) 84,934
6101,033 F(5,199) F= f95,834
Balances Balances Net Transfers Balances
at 1 Sept incomel between at 31Aug
2019 (expenses) funds 2020
Designated
funds
Property
and equipment		 fund 4,871 4,871
Vice Presidents fund 484 484
Princess Royal training fund 5,545 (810) 4,735
10,900 (810) 10,090
Non-designated funds
General funds 84,934 7,841 92,775
F95,834 E7,031 E- F102,865

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