Charlty Roglstratlon Number. 301681 GLOUGESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS TRUSTEES. REPORT AND F114ANCIAL STATEMENTS 31 AUGUST 2025
GLQUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS CONTENTS Page REPORT OF THE TRUSTEES 14 STATEME8 OF TRUSTEES, RESPONSIBILITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLOUCESTERSHIRE FEDERAlloN OFYOUNG FARMEf<s' CLUBS STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 9-15
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS REPORT OF THE TRUSTEES The Trustees present their report and the finanda statements for the year ended 31 August 2025. CONSTrruTION AND PRINCIPAL AIMS AND OBJECTIVES The charity was establi8hed In Wil 1963 by trust deed. The obj8Ct of the cOty FederatiM shall be.. (al lo advance the education of young members ofthe publi¢ at rarge in agriculture, home crafts. County life and related sublts. and (bl in the interests of fhe social weW8re of such members, to provide and promote the praSlOn of facilities for recreation and other leisure time occupations, teing facil(ties. whith win improve thdr conditions of lrfe afjd 11 assist in the devdopment of their spiritual and rrEntsl capacities, self-reliance and individual responsibility. so that they may grow lo full maturity as individuals and members ofthe communty. ADMINISTrATIVE INFORMATION Charity regl$tration numkr 301661 RegiSted address Agrlcultur8 House Tthvkesbury Road Gloucéstershire GL2 9AS Chairperson to the Trust G Smart TreasUr lo the Trust M McDermott Bankers N8tWest 21 Easlgate Street Gloucester Independènt Examiner S Humphries Grtffiths Marshall 4° Ftcor Llanthony WarehOLe The Docks GL12EH Investment Adwsors CCLA Investment Managemenl Limited St AlPhe House 2 Fore Street London EC2Y 5AQ
GLQUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS REPORT OF THE TRUSTEES ORGANISATION STRUCTURE The trust is managed by the Board of Trustees. which meets on a gUlar basls throughout the year. A selary and treasurer are aFwnted to manage the Trust's administrative functions on a day4frday basis. TRUSTEES Trustees are appointed by demcKrab'G el*tion. The Trustees 88rving during the yearmere as ftloWS.. Chalr of Executive Commtttee.. G Smart Vice Chair of Executive Committee.. T Sellar Deputy Chair of Executive CnmIttee.. T Grey A Batharé, A Riddell Fowler B Sparey C Albutt C Bull CDay DAffltk D Cracknell D Ractcllffe E DkenSon I Workman E Westaway J Benntstt F Wright J Cupper GDay J Gill G Grant J Roknnson G Higginson J Smart G Smart J Vttard G Urch L Clarke H HeMinayrno1d L Moore H James N Goulding O T8ague R Mills S Gardner S Pullen S Phelps TGrey T Morgan T Sellar INVESTMENT POWERS In accordance with the DeGlarat'on of Trust. the TTUStees have thg absolute discretion to apply or Invest money as they think fit REVIEW OF ACTivmES AND FUTIJRE DEVELOPMENTS Revièw of the d6v8lopments In the year A ftjll report15 presented at the Annual General Meeting. This year has been a busy and successfvl year with a fijll pwramme of competitions, tivilies and social events. Th959 activities benefft Ihe Pul1¢ through Ihe organisatson of compeotions and events and the skills Ihat members learn in taking part in those competstions ané events. The Federalion has increased its membership to the highest levd In Some YrS and we are loong fOard to another 8UixAssful year ahead.
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS REPORT OF THE TRUSTEES As a County Federation. we are irKlebled to those who supwrt us as volunteers, by playing the Lottery or being a Friend and to these organisatrons which have sponsored, granted or donated valuable furKI during the year. AC Belting AHDB Buckover Clothing Cotteswold Dairy Foylg Foods GIoLtcestershire Root Fruit and Gr8ln &Ktety dsells Cheese Green Fam S8eds JJ Fam SeM¢os NFU The Fami Consultancy Group The George Farm Vets Tynd8le Vets Wyatt FerIng If not for their 5upFo¢ we woukl not have been abl8 to deliver tho programme that w8 have. Réview of the financlal statements The financial statements show Ihat tot income for tho year amounted to £83,394 against which expenditure of the Federation amounted to £56.921, leading lo a surplLfS for the year of £6,473. We were fothnate to Itave the supwrt of the Indmduals and organisations listed In the Review of the Developments. Despite the hard work put in to the events by a large numberof people thi8 year, the still rising cost of living is sts"Il impaGting us as a FelatiOn. Thanks are du6 eo Tom Sellar, Ellie Westaway and Bronte Johnston have tirelessty this year for the Federation Mang all of our events happen. Cfverall, the Trustees are satisfied the fin8ncla pOS"0n at the end of the year. The FeratIOn still has signiftcanl reserves awlable.
GLOUGESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS REPORT OF THE TRUSTEES RESERVES POLICY 11 has been the Trustees, pdiGy, after meeting all approved expenditure. to invest surplus income in acrK)rdance the trust deed. RISK MANAGEMENT The TNstees hava assessed the major risks to whith Ihe charity B exposed, in particular those related to the operations and finan of the Trust and are satisfied that systems are in Ia¢e to mibgate exposure to the major risks. oi]iol Approv¢d by the tfU8tees on ... G Smart Chair of Ex8cutive Comrnittee
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS STATEMENT OF TRUSTEES. RESPONSIBILrriES The trustees are responsible for prepng the Trustees, Report and the finanual stalemerts in accordance with applic4bfe law and United Fth"ngdcm A¢o)untiny Standards {Uniled Kingdom Generally Accepted AOunting Practice). The law applicaLle to charities in England and Wales requires the trustees to prepare financid st.ements for each financial year gwe a trne and fair vlgw of the stale of affairs of the charity snd of the Incoming resour$ and application of resources of the charity for that year. In preparing these financial Statets. the trustees are required tD". select suitable accountirKJ leS and then appty tM consistently,. observe the methods and prrnciyes in the Chatrties SORP,. ake judgements and estimates that are reasonable and prudent state vthether applicable accounb.ng standards have been followed, 8ubjecl to any material departures di8cb$ed and explained in th& financi statemgnts., and prepare the financiaf statements on going concem basis Lrnless It is inappropriate to presume that the charity wll conts'nue in operation. The trustees are respons1te for keèping sufficient nting records that disdose wth reasonable accuracy * any b.mo the financial positJn of the Char and enabte them lo ensure that the financial st8tet77ents comply the Charities Acl 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also spOnSIble safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and delecb.on of fraud and oller irregularities.
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS I report on tha a(xounts of the Chaiity for Ihe year ended 31 August 2025. which are sel out tsn pages 7 to 15. This report is made sdely to the charlS Trustees, as a body, in accordance wlth Section 145 (11 of the Charities Act 2011. My wort has been undertaken so that I might state lo the Trust those rratters l am reqlsired to slate to therr. in an independent examinerfs report and for no other purpose. To the fullest extonl milIted by law, I do not accept ¢y assume responsibilty to anyone other than the -hatity and the Trustees, as a ts)dy, for my work, for this report, or for trte opinions I have fomied. Regpeetlve responsibilltles of the Truslees and the examlner The charity's Trusls aro responsible forthe preparation ofthe accounts. The charity's Trustees consider that arb audit is not required this year under Section 144(21 of the Charities Ad 2011 (the 2011 Act) but an indepeThlenl examination is needed. It Is my responsibility to.. examine the aUnts under Section 145 ofthe 2011 Art follow the procedures laid down in the general directs.ons given by the Charity Commissien undgr Section 14515lifbl of the 2011 ACL stale whether particular matters have come to my aitsntion. Bas1$ of Independont examlnofs Teport My examination wa5 carried out in aGrdance Trmth the general direCtic gwen by tha Charity Commisslon. An examlnation Includes a fewew of the accounting records k8Pt by the charity and a comparEson of the accounts prasented wf(h those records. It also includes onsideration of any unusual items or disclosures in the al[lS and seeking explanations from the charity's Trustees conMIng any 5uGh matters. The procèdures undertaken do not provlde all the evidence that would be required in an audc and consequently no opinion is given as to whether the accounts present a.true and fair wevf, as this ffport is limrted trj th08e maiters set out in the stslernent bebw. Indèpendent examlneV8 Stalement In connection wth my examination, no matter has wme to my attentton". 1} which gives ma reasonable cause to believe that in any mat8rMI respeet the requirements.. to keep accounting records in acrdance tyth Sectson 130 of the 2011 Ad., and to prepaE accounts whiGh accoffj wilh the accounting records and comply with the accounbng requirements of the 2011 Act., h8v6 not been met. or 2> to which, in my opinion, attentton should be drawn in order to enable a proper understanding of the accounts to be reached. Slav8 umphries Grfffiths Marshall, GIoUster Charted AccoL(ntsnts Dale..
GLOUCESTERSHIRE FEDERAnoN OF YOUNG FARMERS. CLUBS STATEME OF FINANCIAL AcTlEs for the year ended 31 August 2025 Not? Unrest- De$lg- rlcted natod funds funds 2025 Total fvnds 2024 Total funds Incomlng rgsourcos Grants receivable Donations Levies from individual young farm8, dub Dances and other fundraising events Interest receivable Sundry in¢ome 3,136 11,515 10,415 14,5S8 11,307 21,3S7 34.705 9,766 6,178 11,515 14,568 21.357 9.776 6,178 83 Total incomln9 rosourcet £63,394 £63.394 £59,646 Othèr expenditure Raising funds Activlties in furtherance of charity's obiectsves Managem8nl and adminislralK)n 13.388 1,893 41.640 13,388 24,795 1,893 580 41,640 39,403 Totsl resources expended £56,921 £56,921 £64,778 Net In¢omell¢xpenditurel 6.473 6,473 15,132) Transfer belween fijnds 10 Net rnovgment in funds 6.473 6,473 15,132} Fund balances brought forward
t 1 September 2024
109,9&3 9,550 119.513 124,645 Fund balances carried fotwanl at 31 Augus* 2025 10 £116.436 £9.550 £125,986 £119,513 All thg charfty's activib'es are continung xbvtties.
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS, CLUBS BALANCE SHEET 31 August 2025 Note 2025 2024 FIXED ASSErs Tangible assets 2.127 341 CURRENT ASSETS stoGk5 of Glub supplies and stationery Debtors Cash at bank and in hand 2.626 1,138 130,212 897 3.266 123.387 133.976 127,550 LIABILrriES AmoLbnt falling due With one year (10,11n 18.3781 NEf CURRENT ASSErs 123,589 119,171 TOTAL NET ASSETS £125.986 £119,513 FUNOS De8ignated funds Propety and equipment fund Wi¢e Presidents. fijnd Princess Royal training fvnd 4.871 4,871 4,195 4,195 Non-d¢slgnated funds General funds 116,436 109,963 10 £125,986 £119,513 oilio lis The financial statements were approved by the TTUStees on ...... mart (chair of Execub've Committee) E Westwy (Chair of Finance & Gerra1 Purposes CommTtteel
GLOUCESTERSHIRE FEDERATION OF YOUNG FARAIERS, CLUBS NOTES TO THE FINANCIAL STATeMENTS for the year 8nd&d 31 August 2025 AGCOUNTING POLICIES Basis of preparation The finandal statements have teen prepared In accordance wth the charfty's goveming document. the Charfties A¢t 20118nd "Accounting and Reporting by Charities: Statement of RecommerKled Practice OPIGable to charities preparing their accounts In SOrdanCe wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019)" {the SORP). The chaiity is a Public Benefit Enb'ty as defined by FRS 102. The charity has taken &Jvantage of the provlsws in the SORP for charities not to prepare a Statement of Cash Flows. The acLOLtnts arè wepareAJ in steding. Vthh is the functmal curr8ncy of charity. Tho finanaal stalejnents have been prepared under the histori¢al cost ¢onvenlon. The principal accounting policies are set out beknv. Incomlng resourcgs Donations, gifts and legacies represent amcyjnts received during the year together th any associatd tax refund. Gifts in ktrKd for us8 by tha Charity ars rec¢gnised a5 inroming resources vthen rec¢ivable al a reasonable estimate of their value. Assets given for distribution are ¢)nly recognised vA)en distributed. Grants receivable for specrfic purp08es are u&Jit9d to thg Statement of financial aclwities In the year to which they relate as soon as conditions for receipt have been mel. Unspent balances are carried forward to subsequent years wthin restricted fvnds. Grants for immediate financial support or re1ved against costs previously incurrèd art recognised immediately in the Statement of Financial Acb"vities. Voluntary Income is Shown gross before deduction of fun&raising expenditure. Grants payable Grant expenditure Is rec¢MJnised only whe? fhe grants bOrne payable. Grants approved for payment in fijture years are disclosed a5 commitments. but not rerded as expenditure until they becx)me due fry paymenL Resources expended All expenditure is accounted for under the atrJuals concept The IeCOVerable element of Value Added Tax is induded within the ilem expense io which il relates. The only resources expend&J by the Charity are grant5 and govemance wsts and therefore no rwuiremenl for any apportionment of resources expended.
GLOVCESTERSHIRE FEDERATION OF YOUNG FARMeRS' CLUBS NOTES TO THE FINANCIAL STATEMENTS contlnued for the year ended 31 August 2025 ACCOUNnNG POLICIES ¢ontinued Gash collectlons recefvAble Funds collected to which ihe tharity is entitled bLrt has not e1Ved beftye the end of th& financial year are induded in incoming resources and in debtors. Tanglhle fixed assots Depreciaty'on is calculated to tte off the cost of valuation less the estimated sidUal value of tsngible assets over their estimated usefvl lives at the followng rates.. Office equipment 259A of cost per annum stock Stock is valued at the lower of Cost and net realisable value, after due regard for obsolete and slow mowng stkS. Net redisable value is based on selling price less anlicipaled costs to completson and selling eosts. Fund¥ General unrestricted funds comprise accvmuLated surpluses and defidts on gengral actNities. They are available to use at the discreti)n of the Trustees in frjrtherance of the Chartys ObltIves. R8Strfce8d funds are ftjnds subjeGt to the spectfic condilions imposed by the donorlsl. GRANTS RECEIVABLE 2025 2024 Grants were re,,ve¢1 from Ihe folltrwing". Rural Youth Trust South West Area YFC 136 3,000 £3.136 io
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCIAL STATEMEltrs conrfnued lor the year ended 31 August 2025 DONATIONS 2025 2024 Competition and event SnSorShip Donations 3,915 2,854 - GFMT I GAHF -NFU - Other 6,020 2,000 800 921 Lottery Friends of Gloucestershire YFC 400 400 220 400 £11.515 £10,415 DANCES AND OTHER FUNDRAISING EVEKrs 2025 2024 Chairman's Bash Quiz Spring Fling Pr&TrRally Rally Other fundRising events 5,539 313 7.194 7.294 11.047 3,318 5.161 4,164 6.311 5,381 £21,357 £34,705 RESOURCES EXPENDED 2025 2024 Raislng funds Chaimian's Bash Quvz Spring Fling Pre-Rally Rally other fvndraising avents 4,851 175 4,851 5,581 8,271 551 2,830 4,116 2,816 3,075 £13,388 £24,795
GLOUCESTERSHIRE FEOERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCIAL STATEMENTS conUnu8d for the year ended 31 August 2025 Cost of actlvlties In furthèran¢o (rf charity'8 objectives 2025 2024 Comwition expenses 1,893 580 £1,893 £580 Managgmont and admSnlstr*lon of the ¢harfty 202S 2024 Staff ¢>)sts Trawelling expenses Telephone Postage Stationery and office supplies IT apication cosis offi expenses and room hiTe PhotoPy1g ActJ)untancy Insurance Sundry expenses Training Depreciation Repairs Officer expenses 24.537 726 892 24,444 1,108 728 255 800 6.765 204 6.642 1,09S 912 387 755 1,206 216 777 926 21x1 1,332 303 1,218 11 £41,640 £39,403 Subskgy to dub8 for lewes £41,640 £39.403 12
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. ¢LiIBS NOTES TO THE FINAlAL STATEMEtrUS continued for Ihe year ended 31 August 2025 Staff ¢08t8 and number8 202S 2024 Salaries and wages Pension rontn'butions 24.004 533 24,DOO 444 E24,537 £24,444 The average number of employ*s was Part-lime No. No ernployee eamed more than £60,000 In the current or Preceding year. No Twstees received any remun6rati)n or expgnses durlng the year. TANGIBLE ASSETS Offi¢0 aqulpment At 1 September 2024 Additlons 28,093 2,089 Al 31 August 2025 30,182 Depreclatlon At 1 September 2024 Charge for year 27,752 303 At 31 August 2025 28,055 Net book value Al 31 August 2025 2,127 A131 August2024 341 13
GLOUCESTERSHIRE FEDERATION OF YOUNG FARMERS. CLU88 NOTES TO THE FINANCL4L STATEMENTS continued for the year ended 31 August 202S DEBTORS 2025 2024 Trade debtors Prepayments 202 936 2,356 910 £1,138 £3,266 CASH AT BANK AND IN HAND 2025 2024 Cash float Bank - Natwest aCUt - AGM account - Equals Money Account COIF Charitses Deposit account 112 28.976 570 123 100.431 112 32,050 57D .655 £130,212 £123,387 UABIUTIES- due wlthin on• year 2025 2024 Trade ¢r8ditor5 Funds from dormant clubs Deferr8d income other creditors PAYEINIG Accruals 43 5.269 500 680 533 3,092 585 5,269 soo 390 533 1,101 £10,117 £8.378 l4
GLOUCESTERSHIRE FEOERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCL4L STATEMENTS contlnued for the year en¢Jed 31 August 2025 10 FUNDS The income fvnds of the chari* include the follovAng designated PJnds. whi¢h havo been sel aside out Of unrestricted funds by uie Trustee$ for specific purwjses.. Balanc8S Balan Not at 1 Sept in¢om61 2023 {expensesl Transfers between funds Balancgs at 31 Aug 2024 Dèstgnatgd fund8 Propèrty and equipment fund Vice Presidents fund Princess Roya tizining fund 4.871 4.871 4.735 15401 4,1 10.090 9,550 Non.d881gnat¢d lund8 General funds 114.555 (4.592) 109,963 £124,645 (£5,132) £119,513 Balanee¥ Balances Net at 1 Sept Incom 2024 {wièn$es) Transfers between lund$ Balance¥ al 31 Aug 2025 Designated funds Property and equipment fund Vice Presidents fiJnd Princ&ss Royal trdning hJnd 4.871 4,871 4.195 4,195 9,550 Non4leslgnated fund8 Generd funds 109,963 6,473 116,436 £119.513 6.473 £125,986 The purpose and nature ofthe designated funds are.. Property and equipment frJnd- to purchase items of equipment required, and to create a reserve to rent or, in fature, buy premises. Vice Presidents. ftjnd-to purchase an award for the most efficient non-officer each year. Prln¢es5 Royal training fund- lo encourage membeTS to partirypate in training courses by assi3ting vlth expense5 15