Charity Registration Number: 301661
GLOUCESTERSHIRE FEDERATION
OF YOUNG FARMERS. CLUBS
TRUSTEES. REPORT AND
FINANCIAL STATEMEKTS
31 AUGUST 2024

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
coKrENTS
Page
REPORT OF THE TRUSTEES
14
STATEMENTS OF TRUSTEES, RESPONSIBILITIES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEEr
NOTES TO THE FINANCIAL STATEMENTS
9-15

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
REPORT OF THE TRUSTEES
The Twstees present their report and the financial statements for the year ended
31 August 2024.
CONSTITUTION AND PRINCIPAL AIMS AND OBJECTIVES
The charity was established in April 1963 by trust de8J.
The object of the County Federation shall be".
(a) to advance the edLtcation of young member5 of the public at large in
agriculture. home crafts. county life and related subjects.. and
(b) in the inleresls of the sooal welfare of such members. to provide and promote
the provision of faciltbes for recreation and other leiwre time occupab'ons. being
facilities, which will improve their Cond￿On$ of lrfe and Mll assist in the
development of their spiriknal and mental capacities, self-reliance and individual
r8sponsibilty, so that they may grow to bJll maturity as individuals and members
ofthe communty.
ADMINISTRATIVE INFORMATION
Charty registration number
301661
Registered address
Agriculttjre House
Tewkesbury Road
Gloucestershire
GL2 9AS
ChairFerson to the Tnjst
J HaNey
Treasurer to the Tntst
M M¢Dem)ott
Bankers
Natwest
21 Eastgate Street
GIOU￿ster
Independent Examiner
S Humphries
Grrtfiths Marshall
4th Floor
LLanthony Warehouse
The Docks
GIOU￿ter
GL12EH
Investrnent Advisors
CCLA Investment Management Limited
Sl Aphage House
2 Fofe Street
London
EC2Y 5AQ

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
REPORT OF THE TRUSTEES
ORGANISATION STRUCTURE
The trust is managed by Ihe Board of Trustees. which meets on a regular basis
throughout Ihg year. A secretary and treasurer are appointed to manage the Trusys
administrative functions on a day-t¢>day basis.
TRUSTEES
Trustees a￿ apFointed by democraltc election.
The Trustees serving duting the year weie as follows..
Chair of Executive Committee:
J Harvey
Irice Chair of EX￿tive Committee:
G Smart
Deputy Chair of ExeC￿Ne Committee..
T Sellar
C McDennott
G Higginson
C Jackson
E Cupper
EJ Austin
E Westaway
B Johnston
B Elliot
T Grey
J Atkinson
J Smith
M Rice
L Dickenson
C Ra¢tliffe
K Greenwood
M Webb
J Graham
J Albutt
J Bayliss
H James
L Giddings
L Burrows
INVESTMETrif POWERS
In accordance wth the Declaration of Trust. the Trustees have fhe absolute discretion
to appty or invest money as they think fft.
REVIEW OF ACTIVITIES AND FLftURE DEVELOPMEKrs
Review of the developments in the year
A fvll report is presented at the Annual General Meeting.
This year has been a busy and successfijl year a fvll programme of compeb'tions,
actNtties and swal events.
These actwities benefft the puUic through the organisation of ￿m￿*￿'0n5 and events
and the skills that membeis leam in taking part in those competitions and events.
The Federation has increased its membership to the highest level in some years and
we are looking forward to another successtrjl year ahead.

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLU8S
REPORT OF THE TRUSTEES
As a County Federation, we a￿ indebled to all those support us as volunteers. by
playing the Lottery or being a Friend and to these organisations which have
sponsored. granted or donated valuable fund during the year..
A C Belting
Agricullure and HotbCuf￿re Development Board
Carver Kno￿eS
Cotteswold Dairy
Clifford Freeman
Foyle Food Group
George Vderinary Group
Gloucestetshire Agricultural House Foundation
GIou￿ster Root. FTUIt & Grain Society
Hartpury Univefsity & HaT¢>ury College
JJ Fami Services
Jolly Nice Farm Shop
Tyndale Fami Veterinary Praclice
If not for their support, we would not have been able to delNer the programme that we
have.
Review of the financial slatements
The financial stalanerrts show th* total income for the year amounted to £59.647
against Ithich expenditu￿ of the Federation amounted lo £64,239, leading to the loss
on the general fund arose1£4,592) as shown on page 7.
We were fortunate to have the support of the indNiduals and organisations listed in the
Review of the Ekvelopments.
Desptte the hard work put in to the events by a large number of people this year,
spend was down and costs were up as the high levels of infiation stretched everybody.
Following the previou5, financially ex￿[lent year, the aim was lo break even, bjl costs
have been higher than expected. leading to the ovefall loss for the year. Thanks are
due to George Hance and the A&D team for making the events happen and running
the bars and lo Sarah Dunn and the Rally team for their hard worL
Overall, the Truslees are satisfied ￿ the ffnancial position at the end ofthe year.
The Federation still has significant reserves available.

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
REPORT OF THE TRUSTEES
RESERVES POLICY
It has been the Trustees. policy. after meeting all approved expenditure, to invest
surplus income in accordance ￿￿th the trust deed.
RISK MANAGEMETr
The Tmstees have assessed the major risks to which the charity is exposed. in
particular those related to the operations and finan￿$ of the Trust and are satisfied
that systems are in place lo mthgale exposure to the major risks.
Approved by the Ifustees on ....
J Harvey
Chair of ExecutNe Ccwnmrttee

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
STATEMEKf OF TRUSTEES, RESPONS181LFfES
The trustees are responsible for prepartng the Tnjstees. Report and Ihe financial statements
in accordance applicable law and United Kingdom Accounting Standards (United
Kingdom Generally A¢cepted AccountFng Practice}.
The law applicable to charities in England and Wath r￿ul￿S the trustees to prepar8
financial statements for each financial year which gNe a true and fair view of the state of
affai[5 of the charity and of the incoming resouros and applicab'on of resources of the
¢harity for that year.
In p￿paring these finall￿al ststements, the trustees are required to".
select suitable accounting policies and then appty them consistenUy',
obseNe the methods and prin￿￿eS in the Chartbes SORP:
make judgements and estimates that are reasonable and P￿￿en(.
stale whether applicable accounting standards have been followed, subject to any
malertal departures disclosed and explained in the ffnancÉal statements-. and
prepare the financial Statements on the going concem basis unless it is inappropriate
to presume that the charity will o)ntinue in operation.
The trustees are responsible for keeping suffiL?ent accounting records that disclose vith
reasonable accuracy at any time the financial pos￿0￿ of the charity and enable them to
ensure that the finanaal ststements comply v4ith the Cha￿tieS Act 2011. the Charity
(Accounts and Reports) Regulation$ 2008 and the provisions of the trust deed. They are
also responsible for safeguarding the asset5 of the chafjty and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
I report on the accounts of the Charity for Ihe year ended 31 August 2024. which are set out
on pages 7 to 15.
This report is made soiely to the chartys Trustees. as a body. in accordan￿ with
Section 14511> of the Charities Act 2011. My work has been undertaken so that I might stste
to the TrUst￿S those matters l am required lo stste to them in an indeFendent examiners
report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibiltty to anyone other than the charity and the Trustees, as a body, for my
work, lor this report. or for the opinions I have fomjed.
Respective responsibilitles of the Tntstees and the examlnor
The charitls Trustees are responsSble for the preparation of the accounts. The charitys
Trustees consider that an audit is not required this year under Section 144(2} of the Charitses
Act 2011 (Ihe 2011 Act) bul an independent examination is needed.
It is my responsibilty to-.
examine the accounts under SectÈon 145 of the 2011 Ac(
follow the procedures laid down in the general directions gNen by the
Charrty Commission under se￿lOn 14515llbl of the 2011 Act. and
state whether particular mattets have come to my attention.
Basls of independent examinerfs report
My examination was carrfed out in accordance the general directions given by the
Chartty Commission. An examination includes a review ofthe accounting records kept by the
eharty 2nd a comparison of the accounts presenled wtth those records. It also indudes
consideration of any unusual items or disclosures in the accounts and seeking explanations
from the charity's Tiustees con￿MIng any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audi( and eonsequenuy no opinion is
given 25 to whether the accounts present a Inse and fair vievl, as this report is limited to
those matters set out in the statement below.
Independent examinefs ststement
In connection wtth my examination, no matter has come to my attention".
11
whi¢h gives me reasonable cause to believe that in any matertal respect the
requirements-
to keep accounting records in accordan￿ wth Section 130 of the 2011 A¢(. and
to prepare accounts which accord wth the accounti￿ records and comply with
the accounting requirements of the 2011 Act:
have not been met.. or
21
to which, in my opinion, attenb.on should be drawn in order to enable a proper
understsnding ol the accounts to be reached.
Steve Humphries
Griffiths Marshall. Gloucester
Chartered Accountants
Date..

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
STATEMENT OF FINANCIAL ACTIVMES
for the year ended 31 August 2024
Note
Unrest- Deslg-
ricted nated
fund5 funds
2024
Total
funds
2023
Total
funds
Incomlng resour￿3
Grants receivable
Donations
Levies from iThJividual young farmers. dub
Dances and other fundraising events
Sundry income
Bank intsresl re￿1vable
3,136
10,415
11,307
34,705
83
3.136
1.800
10,415 10,733
11,307 11,307
34.705 44.741
83
1,480
2,730
Totsl incoming resources
£59.646
£59,646 £72,791
Other expenditure
Raising fvnds
Aclivities in fUther2n￿ of chartty's objectives 5
Management and administration
24.795
580
38,863
24,795
19.987
580
1,050
39.403 33,850
Total resources expended
£64.238
£540 £64,778 £54.887
Net incomellexpend•ture)
(4.592) (540)
(5.132) 17.904
Transfer betsveen funds
10
Net movement In funds
(4.592) {540)
(5.1321 17.904
Fund balances brought forward
at 1 September 2023
114.555 10.090 124,645 106,741
Fund balan¢es carrled fovKdrd
at 31 August 2024
10 £109.963 £9.550 £119,513 £124,645
All the charty's activities are continuing activitres.

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS
BALANCE SHEEr
31 August 2024
Note
2024
FIXED ASSETS
Tangible assets
2023
341
557
CURRENT ASSErs
Stocks of club supplies and stationery
Debtors
Cash at bank and in hand
897
3,266
123,387
1,120
4,252
126.428
127,550
131.800
LIABILITIES
Amount falling due witlNn one year
(8,378)
(7.712}
NEf CURRENT AssErs
119.171
124,088
TOTAL NEf ASSErs
£119.513
£124.645
FUNDS
Designated funds
ProkErty and equiprnent fund
Vice Presidents, fund
Princess Royal training fvnd
4.871
4.871
4,195
4,735
Non4lesignated funds
General funds
109,963
114.555
10
£119.513
£124,645
The financial statements were approv&1 by the TrtL%tees on ..... .............
(Chair of Execthive Commtttee)
(Chair of Finance & General Purposes Comrnrttee)

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
ACCOUNTING POLICIES
Basis of preparatlon
The financial statements have been prepared in accordance the charity's
goveming document, the Chartties Act 2011 and 'Accounting and Reporting by
Charitses: Stalemer¢l of Recommended Prath"ce appltcable to charities preparing their
accounts in accordance wrth the Financial Reporting Standard applica￿8 in the UK
and Republic of Ireland IFRS 102) (effective l January 2019}" (the SORP). The charity
is a Public Benefft Entity as defined by FRS 102.
The charity has taken advantsge of the provisrons in the SORP for charthes not to
prepare a Ststement of Cash
The accounts are prepared in sterfing. vthich is the functional currency of the charity.
The financial statements have been prepared under the historical cost convention. The
principal accounting policies are set out befow.
Incomlng resources
Donatlolls, gifts and legacies rekyesent amounts received during Ihe year together
with any associated tax refvnd. Grfts in kind'for use by the charity are recognised as
incoming resources when receivable at a reasonable estimate of their value. Assets
given for distribution are only recognised when distributed.
Grants re￿1vable for speufic purposes are credited to the statement of financial
activities in the year to which they relate as soon as condib'ons for receipt have been
met. Unspent balances are carried foFward to subsequent years ￿thin restricted
funds.
Grants for immediate financial support or receNed against costs previously incuffed
are recognised imrnediately in the Statement of Financial Activities. Voluntary income
is shown gross before deduction of fvnd-raising expenditure.
Grants payable
Grant expendtlure 15 recognised only when the grants become payable. Grants
approve(S for payment in fvture years are disclosed as commitments. but nol re¢ordwJ
as expendf(ure until they become due for payment.
Resources expended
All expenditure is accounted for under the accNals concept. The Irrecoverable
element of Value Added Tax is included wthin the item expense to which it relates.
The only resources expended by the Charty are grants and goveman* costs and
Ihereftire no requirement for any apportFonment of reSoUr￿S expended.

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATE1￿￿rs contlnued
for the year ended 31 August 2024
ACCOUhlTING POLICIES ¢ontinued
Cash Collections receivable
Funds collected to which the charity is entttted but has not received before the end of
the financtal year are included in incoming resources and in debtor5.
Tanglble fixed assets
Depreciation is calculated to wrtte off the cost of valuation less the estFmaled residual
value of tangible assets over their estimated useful Irves at the followng rates-
Office equipment
25% of cost per annum
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for
obsolete and slow moving stocks. Net realisable value is based on sdling pri￿ less
anticipated costs to completion and selling costs.
Funds
General unrestricted funds comprise accumulated surpluses and deficits on general
activities. They are available to use at the discretion of the Twstee5 in furtherance of
the Charity's objectives.
Restricled fvnds are funds subject to the speufic conditions imposed by the donor{sl.
GRANTS RECEIVABLE
2024
2023
Grants were received from the following..
Rural Youth Trust
Solrth West Area YFC
136
3.000
300
1,500
£3,136
£1.8CfvJ
10

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
NOTES TO THE FINANCIAL STATEMENTS ¢ontinu8d
for the year ended 31 August 2024
DONATIONS
2024
2023
Compeblon and event sponsorship
Donations
2.854
4,544
- GFMTIGAHF
-NFU
- other
6.020
3,409
2,000
921
Lottery
Friends of Gloucestsrshire YFC
220
400
400
375
£10.415
£10,733
DANCES AND OTHER FUNDRAISING EVENTS
2024
2023
Chaiman's Bash
Quiz
Spring Fling
Pre-Rally
Rally
Other fundraising events
5.539
313
7,194
7,294
11,047
3.318
701
14,776
9,015
13,597
6,652
£34.705
£44,741
RESOURCES EXPENDED
2024
2023
Raising funds
Chaimian's Bash
Qur
Spring Fling
Pr&Rally
Ralty
Other fundraising events
4,851
175
4,851
5.581
8,271
1,066
353
5,443
4,251
6,841
3,099
£24,795
£19,987

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMEKfs conllnued
for the year endod 31 August 2024
Cost of actlvltles in furtherance of charity's
objectives
2024
2023
Competition expenses
580
1.050
£580
£1,050
Management and adminl$tration of the ¢harity
Staff costs
Travelling expenses
Telephone
Postage
Stationery and office supplies
IT application costs
Offi¢e expenses and room hire
Photocopying
Accountancy
Insurance
Subscriptions
Sundry expenses
Training
Depreciation
Repairs
2024
2023
24.444
1.108
728
17.772
337
672
67
270
204
864
6,642
1.096
912
387
6.863
1,577
804
108
807
1.478
216
1,642
755
1,206
216
777
£39,403
£33,850
Subsidy to clubs for levies
£39.983
£33,850
12

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CWBS
NOTES TO THE FINANCIAL STATEMENTS continued
for the year ended 31 August 2024
Staff ¢osts and numbers
2023
2022
Salarie5 and wages
Pension coiitributions
Coronavinjs Job Retention Scheme
24.000
17,442
330
£24.444
£17,772
The average number of employees vrns
Part-time
No.
No employee eamed more than £60.CMJO in the current or preceding year. No Trustees
retsived any remuneration or expenses durirKJ the year.
TANGIBLE ASSErs
Offl¢e equlpfflent
Cost
At 1 September 2023
Additions
28,093
At 31 August 2024
28,093
Depreciatlon
At I September 2023
Charge for year
27,536
216
At 31 August 2024
27.752
Net book value
At 31 August 2024
341
At 31 August 2023
557
13

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS continued
for the year ended 31 August 2024
DEBTORS
2024
2023
Trade debtors
Other debtors
Prepayments
2.356
892
2.400
960
910
£3.266
£4,252
CASH AT BANK AND IN HAND
2024
2023
Cash float
Bank - Natwest account
- AGM account
Pleo account
COIF Charitses Deposit account
112
32,050
570
579
34,617
570
90.655
90,655
£123,387
£126,428
LIABIL￿lES- due within one year
2024
2023
Trade creditofs
Funds from domiant dubs
Deferred income
Other creditors
PAYEINIC
Accruals
585
5.269
500
390
533
1.101
152
5,269
650
100
243
1,298
£8.378
£7,712
14

GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS
NOTES TO THE FINANCIAL STATEMENTS continued
foi the year ended 31 August 2024
10 FUNDS
The income funds of the chattty include the follo%Mng designated funds. which have
been sel aside out of unrestricted funds by the Trustees for speafic purposes..
Balances
Balances
Net
at 1 Sept
Incomel
2022 (expense5)
4.871
Transfers
between
funds
Balances
at 31 Aug
2023
Designated funds
Prorety and equipment fund
VI￿ Presidents fvnd
Pfin¢ess Royal training fvnd
4.871
4,735
4,735
Nondeslgnated funds
General funds
10,090
10,090
96,651
17.904
114.555
£106,741
£17.904
£124,645
Balances
Balances
Net
at 1 Sept
Ineomel
2023 (expenses)
4,871
Transfers
between
funds
Balances
at 31 Aug
2024
Designated funds
Property and equipment fund
Vice Presidents fvnd
Princess Royal training fund
4.871
4,735
(540)
4.195
Non4eslgnated funds
General funds
10.090
9,550
114,555
{4,5921
109,963
£124.645
(£5.132)
£119,513
The purpose and nature of the desFgnated fvnds a￿..
Propety and equipment fund- to purchase tteffls of equipment required, and to
create a reseNe to rent or, in luture, buy premises.
WI￿ Pr&sidents' fiJnd- to purchase an award for the most effiaent non-officer
each year.
Princess Royal training fund- to encourage members to participate in training
courses by assisting with expenses
15