Charlty R•gistration No. 304397 THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS LEGALAND ADMINISTRATIVE INFORMATION Tru8tee8 Mr$ R M Wgham- County President Mi8s R L Ludloth¥- County Chrnn Miss M L Angus Mrs L Dalby Mr K Franklin Ire8ign8d 10 February 20251 Mr DA Hedge8 Mi88 F R Hook MrPMHook MrMJMHorMr Mr E J Mearns Mr R J NewTnan Mr8 K L Pleroni Ml88 A L Snelllng Ir081gned 10 FebnJ8ry 20251 Mr L T8ylor MT S J tsrby Ir886gned 12 February 2025) Charfty numtser 304397 Prfnclp•l addr•¥• PO Box 251 Wantage OX12 2EU Ind•p•ndent •xamln•r PA8rdn and Coffoany Two 8rewer8 HouBe 50 North Stre Thame Oxfordshlre OX9 38H
THE OXFORD8HIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS CONTENTS P•g• Tru8t•e8' report Ir¥JepeIent oxamin•f8 report Slatamth* offinandal acti¥llle8 Balance theet 10 Not lo the ffinanej 8tAtement8
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS TRUSTEES. REPORT FOR THE YEAR ENOED 31 AUGUST 2025 The Iru8tee8 pre8ent their report and finandal 8talemen18 lor the year ended 31 August 2025. The financlal Stalements have been prepared In acts)rdance with the aceounling polia&s sèt wt in nole 1 to the finandal statements 8nJ comply with the charlty's governlng do¢xJmenl, the CharilieB Act 2011 Bnd 'Accounting ¥nd Rewrtino by Charities.. Statemenl of Rgcommended Practice appliCae to charities preparing their accounts in accordance wlth tho Finanaal Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021° leffectlve 1 January 20191. Obl•ctlvo8 The thBrlly's objecti6 are.. 11 to advance the edvcallon of young member8 01 the public allarge In agriculture, homecrafts. country Ilfe and reloled subjects.. and 111 in th• Interests ol the social welfare of suckn memtjers lo provide and promote the provisions of IBcilllleB lor creation and other leisure lime occupallons, being IAcllllle6 whlch wlll Improve thelr condltlons of Ilfe and wlll ssisl in the development ol thair 8pirilu81 and mental C4P8CAties, 8elf-ro1ian¢e 8nd Individual r88ponslblllly 80 ihat Ihay may 9row lo lull malurlty as indlvidua18 and member8 of the community. Pow•r• ind luncon In lurtheranc8 of 118 objects but not furthar or 011$* the County FederaOn'. l) sho11 work In collaborallon wlth the Natlon81 Fe<l•rallon of Young F8mer8' Clubs., lil 8h811 co-oper81• wllh, And asslsl, Young Famer8' Club8 In the County by c4)-ordlnalion wllh activStle$ and olhgrw18e'. 1511 fflay co-operate wllh lttal 8ulhontie8 and other bodi•8 havlNJ Ihe 8am& or 8imllar obled8,' iv) may 801icAt and rg¢eive conldbvlions to Ils funds, whether in th8 form ol gran18, donallons, legade8, 8ubsulptSon$, 108ns or olhewwI8e prOdIng that the County FeJer81ion 8hall not undertake any perm?nI trading Betivitie8 in faing fvnds for the abov8 monlloned charitable objects,. vl moy Invest any monle8 not lrnmedlalely requlred for It8 wrpo8e8 In sud) Becurltle8 88 or• lor the Ilme being authori8•d by law for the IrweBtment of trust lunds and may transpose as such Invo8lnwnls, gnd vll may do all such other lawhjl ac18 and Ihlngs 88 are neceB88ry for the attalnrnent ol Its obj•ct8.
THE OXFOROSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS TRUSTEES. REPORT (C014TINUED} FOR THE YEAR ENDED 31 AUGUST 2025 A¢hlg¥gment# and p•rformanco County Chalrm•n'$ report Flnanclal revlew Thè County Federation had a very successful year finanaally as a result of the excellent Income from the Annuol County Rally and other Fund Raising inili8live8. The balance sheet Incraased wth a lolal mvement in fund$ of £22,332 (ln 2024 there was an increase of £20,416), inuemsing the total vAlue of the Club in 2025 to £188,99912024.. £166,687). The 8ub81anllal total value ol the Club is 88 8 re3ult of financially successful County Rallies in prewous years, a proportion ol which Is kept in reserve lo ojver le8s buoyant y8Brs. The total reserves a made up of unrestricted res6rv8s, £131,15212024.' £117,367) and re$lri¢ted reserves of the c*arily £57,84712024.' £49,300). Donaon$ were v8luabl8 80urce8 of income to the County Federation fcrf whlch w• ar• very grateful. £1,100 was donated by the OFYFC 2cIO Club. The NFU continued funding the Federation's Meeting Room hire and provided other 8UPPOrt to tha value of£84012024'. £5331. Some income Is also generated by seeking Page Spgnsorshlp Sn the County Ye81 BoJk. Tfadillonally a prinapal funding source 18 Levies charged lo Local Young Famer8' ClubB induded both National Levy and Member In8urance, resulllng in the County Levy Income of £4,22712024.' £4,041). The Annual County Rally, whlch Is 8 m8jor 80urce of Income yielding, £38,836 (ln 2024.. £30.3481. The Annual County Ball which had not been held Blnce the Co%Ad Pandèmk was relncarnaled as the ChaSr's Ball in Autumn 2024 unfortunately this wa3 not as succes8ful as hopèd for the General Funds bul lessons18arnt wlll be pul In place lor 2025. The Event however wos extremely enjoyable for tho3e who attended and 8 8ubs18nti818um wa8 raised from the Raffl& lor the Ch8lrm8n'$ Charities. One event traditlonally organlsed by the County Officers and the County SocAal Committge Is tho annual qulz nlghl for the Mike JèffeTI83 Developrnent Fund which rglsed £296 In 2024. thls av•nl reinstated last ye8f and raisèa a sum 01 £898, this year, logethgr wlth Inter&sl wesulled In An Intxease In the value of the lund. Owing lo the Improve¢J Finan¢lal 8iluallon wthln the Federation nolhlng w88 wlhdrawn trom the Mlka JefferSe8 Developmant Fund lo help psy the salary of tha County Co-ordinator. The Fund is a restrlct8d fund to P8y for the developrnent of the County, monay from the fund was used in 2025 to pay for FlrBI Aid Training for Young F8mier8' Club Officers. The b81ance in this fund as al 31 August 2025 thèrefore increased lo £26,883,12024.' £28,255). Investment income Is received from th? deposits In the Marlborough Travel & Advancement Fund and County Federation Fund held in tha COIF inveslmènl accoun16. For many year8, th¢ Marfborouoh Travel & Advoncement Fund only re&Ve1 8n amount ol inojme in the 1M of int8r&st. The Awards Panel made awards of £3,010 durlng 202412025 paid directly to Members lo fund Training and Educatlonal Travel. As no Fund Raising lor this Fund had been carried out for many y88r8 resulting in Awards being ènhon¢¢d from roserves. the result of the very succèssful County Rally, enabled the County Trustees to £10,000 to the Marfborough Travel and Advan¢¥menl Fund for the benefit of future Award applicants. The balanco in Ihls fund a8 at 31 August 2025 WBS £30,984,12024.' £23.0441. This Is also a restdci8d fund. Prln¢lp•l fundlng Bource The Chairnian's Charttles Fund, which is a designated fund wlthln the unreslrlcted fvnds, raised Income Irom a Raffie h¢ld al the ChaiT'S Ball. No Awards wer& made duiing the year, at the year end th• Fund stood al £2,53312024'. £1,601> The County Management Commlttee Is commltted to promote FurKI Raisng Initiativesto sUpMnt the income from the Annual County Rally, to thls end the Chair'5 Ball is being held again in Ihe autumn of 2025, in addition the County Socaal Committee has been reinslale<J to organise luture Fund Raislng Events.
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 County ¢h•lmian'• report IContinu•dl R•8erv•s pollcy The frtse reBerves ol the charity arè thtssa funds that are available to sp•nd on any aspect of tha charlty'$ affairs. Th88e reseNes exclude restricted fund8, the element of unrestricted funds held as tangible fixed assets and the Ch8irm8n's Ch8rilie$ fund The free reservos of thé ch8ri1y at the year-end w818 £128,819, 12024.. £11 5.7661 whl¢h rtrpresents approximately five yearfs gener81 office 8dminislralion costs The mAn89emenl committee have established a policy th81 an element of Unr•s1cld reserves IB de8ignated to a Speclal re8erve thal should be of 8 levèl 8ufficienl lo cover 81 le881 ts¥o years net chantable and general expen3es. before any fundraising or rally receipts are takèn Into account. The purpo8e of Ihls designated funrl Is lo allocate fun¢Js lo cover extraordinary 108ses incurred by Ihe charity and alaries in the yegrof gx¢opllonal1088eB. The de8lgnaled lundÈ for the Special r88erve has b88n $el at £51,00012024.' £50,000). Th• Iruslees have asses8•d Ihg major risks lo whlch the charfty18 expo88d and a 8atlBfled th8t Sy81em8 are In place lo miligale expo8Lire lo the major risks. Stru¢tur•* govomance and man•g•m•nt Con•tltutlon A Country Feder8lon Is an 8ssoeiallon of the Young Farmor$' clubB In a County or such other ar&86 as 8h811 be approved by the Naliongl F8d8r8llon form8d In accordance wilh the form of con5titulion and rulas lor County F8der8lions approved by th8 Council of th• Nallonal Federation. The County Federallon $ho11 b• affl1Ioled lo the Natlon81 Feder811on.
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Organ18•tlonal $tru¢tur• The ¢on81ilulion was revised and apprDvÈd on 28 November 2021. The County18 wganised into.. Chaired by the pSIdent, th18 cornmittee fulfil$ the County's obligationB as an employer and 8h811 ts)mply with Iheir obligations under the Charities Act 2011. In attendanee with the PSIdent 8re the Unty officers. the prevlou8 Iwo county chaimiBn, the counly treasurer, staff presentatiVeS, and the county honorary trustees. The managarn8nl 9roup may c0p1 a maximum oflhree Indlvldua18 interested In thè Young Famtr movement in the county. The mgnag8m8nt Group 8hall cau8e the title to.. al all land held by the Tru81 lor the charity which is not veslgd in lh6 Offiaal Cu8todlan for Charili88', and bl 011 invoslmenls hold by or on behalf ol lh& Ch8rfty lo be ve$l¢d In eilhgr a corporallon entitled to 8d as 8 CU8todlan tru8tee or t)ol less than three individuals appolnt8d by them as holding Trustees. Holding Trustees may to removed by the Management Commltt8e 81 their pleasure and shall act In accordance wilh the lawful dir8ction3 0>1 the Management Commiltee. Provided they act only In ¥ttordance wlh Ihe lawful dlrectlonB ollhe Management Committge. the holdlng Trustees Sho11 not be Ilablo for the aca8 and delBulls ol its members Chalred by the County Chalrman. the eommitlee cong18t# ofelected repsentatIveS foreoeh dub in the County Federation together wlh the Presldent and co-opted members. The malorlty of representatives are over 18 year8 ol age. Each club may elo¢1 up lo three repreBentatiV8s annually. The Action Group Commillge may e opt, for such a perlod as they Ihlnk fit a maxlmum of 12 Indivlduals or organisallons Inlewsle¢J in the Youn9 Farmer8 mov•menl. Tho Action Group Conynltteg 6h811 eloct annually from118 memberB Its Chalman. The membors ol Ihg Actlon Group Commlliee are al80 8pIII Into two furthw 8ub-cnmmllle88 t4ing,' 11 Competltlon8 Commlttee - thi8 is thalred by th8 Compelilion8 Secretary and wn8l$t8 of one of the atr*Jve Actlon Group Commill88 members from each of the County dubB. Th1$ commltt•e Is focused on maint8inlng and or98nising compelilions for the Counly Federation. ill Social ComnNllee- thls IB chalre(J by the Counly Soclal Secretary or membèr of Actlon Group Commltt•• B8 elected by the memb8rs of the Action Grr)up Cornmltlee. This committee again will rL)nsisl ol one member representlng each dub from the Counly Federation from the Action Group Commlll¢¢ members of that year. This (x>mmillee is responslble for org8nl8ing 8ofAal events for tho County Feder81Son such as the County Ball. Both Commlllee8 report back to thg Actlon Group Committee.
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 The trustees who seN•d during Ihe year and up lo the dale of signalurtr of the finandal 8tatemenls were-. Mrs R M Wgham- County President Miss R L Ludlow - County Chaiman Miss M L Angus Mr8 L Dalby Mr K Franlin IResi9ned 10 February 20251 Mr DA Hedges Miss F R Hook MrPMHook MrMJMHomer Mr E J Me8m8 Mr R J Nevm)on Mrs K L Pieroni is8 A L Sndling IRe8lgn8d 10 F8bru8ry 20251 Mr L Taylor Mr S J Warby IRe81gned 12 February 20251 Rl•k management The rnanagement committ88 r88lise the need for the County admlnlstralion lo be in piace lo ensure that members are kept up-to-dalo and annual contract lor the County Co-ordinator ha3 continued wilh six monthly rewews. The launch ol the Mike Jtrfferies Development Fund and Ihe 8ucceB5 In prevlous year$ of Its fundraislng hA8 me8nl that the management crnimillee can ojnlinue lo employ the County Co-ordinator. The m8n89emenl commltlee ar8 very awa ol the rdiance that is pla&8d on (he lund8 gen•raled by the Annu81 Rally and in an attempt lo reduce thig relian, fulvre fundraising evan18 Arè planned. The Iruslee8 have a88e8sed tha m8lor rl8k8 to whith the tharlly 18 OXP088d and are 8ali8fied that systems are In place to mitiggta exp08ure lo the major riskB. Publ1¢ beneflt The Federation has contlnued to generalg publlc benefft through pur8uII of Ils charftgblo obj•ctive. The charlly continued to educate ils members and the publ1¢ at large Ihr¢xJgh organising the annual county rally. This event provld&d member8 tha opportunity lo partldpBte In practical and exhibltion competillon dasses whlch In lum 9duc8led the members of the public that allgnded. Of partlcular Intoresl was a vlnlage vehide display wovlded by the wder farming community and oth8r8 whlch afford8d o ¢ompari8on with the rrK)dern machlnes exhlbiteo by the mathin8ry dealers. The Federation enhan¢e(J the social welf8re of members, many ol whom were p8rticularfy isolated In rural communities, by Suppon9 I81 Clubs lo restsrt by holding &ngaglng regular meetings with a variety of talk$ an av.eS. These meetings fulfilled both o¥ecUv8s of the charity, being enhancing the 80100n 8nd 80cial welfare of members 8nd the public at large. The tiuslees conlimi that they have referred l01he guidance contained In the Charlty Commi88ion'8 general gUance on public benefit whgn roviowing the Irusl's aims and objedives an¢J in planning lulure activities.
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS TRUSTEES. REPORT IGONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 trustees, report W88 approved by Ihe Board of TnJst•e$. Ml¥$ R L Ludlow County Chalrman- Trustee Dated.. 19 !4nuery.2028
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS I report to the trustaes on my examination of the fin8nclal ststements of Oxfordshire County Federation of Young Farmers. Clubs Ithe charity) for th• year ended 31 August 2025. Re8pon8lbllltl•8 and bo•i8 of report As Ihe Iruste8s of the charity you are respOnsIe for the preparation of Ihe flnanaal 81atements In accordance with the requlrèmgnts of the Charitie6 Act 2011 {th9 2011 Act}. I report in respect of my èKamln¥lion of the charlty's fln8nclal 8latsment8 carrfed out under section 145 of the 2011 Acl. In carying out my examinati¢)n I have followed all thè appll¢8ble Dlrectlon8 givan by the Charfty CotThni3sion under section 145151(bl of the 2011 A. Ind•pend•nt •x*mln•r'• •tatement Your att8ntlon Is drawn to the fact th81 the charfty ha8 prepared financlal 81èlement8 in accordan wlh A¢¢ountlng and Reportlng by Charitle& preparlng thelr accounts In 8ccordance wrth the Fln8nci81 Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 in pr8f•rence lo the Accounting and Reporting by Charitses.. Statemtrnl ol Recommended Pra¢tlce Issued on 1 Aprll 2005 whlch 18 referd lo in the extant regulations but ha8 now b88n wllhtjrawn. l underBland Ihal Ihl8 has been done in order for ffin&ncial Slalemtnls to provldè o Irug and fair view In accordance with Generally Acceplg11 Accounting Practice effeclivg loi reporting periodB b6glnnlng on or after 1 January 201S. I have cDmpleled my examlnalion. I confirm Ihal no m811ers have to my gttenllon In connection wllh the examlnatlon glvln9 me cauBe lo belleve th81 In any maleTSal re8pect'. countlng record8 were not ktspt in resp8ca of the ttiarlly as requlred by secbon 130 of the 2011 Act,. or th• flnanc4al 8lalemenl8 do nol g¢cord with Ih08e rewrds,. or the financi818tstements do not comply with the appllcabla raqulremonls concemlro Ihg form and content ol accounts 881 oul in the Charlties IAc¢ounls and Report81 RegulBtion9 2008 other than any requlremenl that the accoun18 give a true and falr vlew whlch 18 not a matter conslderod os part ol an Indendent examination. I hav8 no nsh he ncem8 and h8vè ¢¢me across no other matters in connecllon with the examlnallon to which be drawn in th18 rei>>1 in order lo enabl8 a proper undef818nding of the financlal 8lalemont8 W NiKoy FCA M8rtln and Company Two 8rewers House 50 North Slroet Thame Oxfordshire OX93BH Dat..
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Notss Unrn•trl¢lgd fundB Ra8tr1cted fund* Total Total 2025 2025 2025 2024 Income from: Oonalions and legacies Charitable activities Fundraising and othèr activities Investment8 2,760 17,410 83,475 2.760 17,410 84,821 2,353 14,477 69,929 1,348 3,465 1,319 4,784 5,004 Total income 107.110 2,865 109,775 91,763 isin Fundraising and other activrties harilabl vilie Charitable aclivilies, goveinance costs and resources expended Total charrtable expenditure Total resources expended Transfer between funds Nel incomellexpendilure} for Ihe yearlNet movement in fund8 42,508 4,118 48,626 37,993 40,817 40,817 33,354 40,817 83.325 {10,0001 40,817 87,443 33,354 71,347 4.118 10,000 13,785 8,547 22,332 20,416 Funds balance at 1 September 2024 Funds balance al 31 August 2025 The slalement of finand818Ctlvllle8 Indudes all golns and1058e8 Tecognl8e<l In the year. 117,367 49,300 166.667 146,251 131,152 57,847 188,999 166,867 All incomg and expenditure derfvo from continuing ac16vitles.
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Nots¥ Unmlrlcted fun(h Re•trlctsd fund8 Totsl Total 2024 2024 2024 2023 Income frorn.. Donations and18gaci88 Charitable activitie5 Fundraising and other activities Investments 2,353 14,477 68,469 2,353 14,477 69,929 1,930 7,070 43,193 1,460 3.533 1,471 5,004 2,780 Total income 88,832 2,931 91,763 54,973 endl ure Raisin fund Fundraising and other activities aril ble activi Charitable 8clivitie8, governance costs and resources expended Total charitable expenditure Total rèsources expended Transfer been funds Net incomellexpendilurel for the yearlNet movement in funds 35,879 2,114 37,993 17,310 33,354 33,354 32,588 33,354 69.233 33,354 71,347 32,588 49,898 2,114 19,599 817 20,416 5,075 Funds balance at 1 September 2023 Funds balance al 31 August 2024 97,768 48,483 146,251 141,176 117,367 49,300 166,667 146,251 The stalemenl of finanaal actlvliles Includes all gains and1088es rec¢>anlsed In the yew. All income and •xpendilure derive from contlnuing tiLIeS.
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Notss Flxed a880ts 12 Investments 86,920 85,032 Current assets Debtor8 13 1.452 3,081 Cash at bank and in hand 102 339 80.698 103,791 83,779 Creditors: amounts 1811ing due within one year 14 Nel current 8sset8 Total as8ets les• current Ilabllltle• 102079 188999 In¢om? fund• Restricted funds 16 57,847 49,300 Unre$tricted funds 131152 117 387 188999 166667 The ffinancAal $latemenl6 were approved and signed by the member ol the Adion Group on 19 Janu 2020 Miss R L Ludlow County Chairman- Trusts0 -io-
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2D2S Accountlnq pollcS98 1.1 AccountSng eonventlon The ffinancial stalernent$ have been prepared in accordance with the charSty's govarning document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chanli&s preparing their accounts Sn accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ir•land IFRS 102)° The charlty 16 8 Public Benefit Entity as dofined by FRS 102. The ch8rity ha8 taken advantage of the provisions In the SORP for chariti88 applying FRS 102 Update Bullelln 1 t to prepa a Statement of Cash Flryws, The financigl slalemen18 are prepared in sterling, which is the functional curroncy of the charlty. Mon•tary amounts in IheBe finanaal statements are rounded to thg neare81 £. Thè finandal statements have been prepared under Ihe historical cost CLJnventlon, mLyJified lo include thg revalualion of Iregh¢ild propertles and to includ8 Investment propertle8 8nd certgln financial in8trumenl8 81 falr value. The prtnrApal accountlng poliues adepted are 58t out bo1¥. 1.2 Qolng conc•rn Al the Ilme ol approvlng the finan&al 8talemenl8. the trust888 have 8 reasonable expectation that Ihe charity has 8d•quale resourc88 to contlnuè in oper81ional existenc8 for the foreseeable lulure. Thu8, tho Iru81888 contlnue to gdopl the going concern basis ol 8ccounling in preparing the financlal 818lèments. 1.3 Chthrtt•bl• fund• Unr&slri¢ted lund5 are availabla for use al the discrellon ol the tru81oo8 In furth8ranae of Ihelr (aritoble objective8 unle88 the funds have been de8ignaled for olhor pury)ts8es. Designated fund8 are nstrIded funds Ihai have bean d88lgnated for Bpeclfic purposes by tho Trustee8. Reslrlcted fuNJ8 are 8ublecl to 8peoflc condllion8 by donoro a$ lo they m8y be used. Th• purposes and u8e8 of the stric18d lund8 aro 8el out in the notes to th• flnond81 slatemenl8. 1.4 Incomlng r••ourc Revenu8 gran18 are credlled 88 IoMIng re80urces when they ar• recelv8ble provided condltSons for receipt have bean rmplIed vlth. unless Ihay relate lo a Bpeclfic future period, In which case they 8 defed. All monetary donations and 9ilts are induded in lull In th8 Blalemenl of financial act199 when recelvable, provlded that thorè are no donor-imposad restrictions aB lo the timlng of the related expenditure, In whlch case recognillon is deferred until the pre-o)ndilion has been met. Investment income, Including assodated irwrne lax recoveries, is rgcognised when recdvable. Gifts in kSnd ar¢ 8c¢ounled for al the Tnjstees, 8stim3le of value to the charity or 8ale value. Gifts of fixed asset$ for charity use or funds for acquiring fixed assets lor charity use a accounted for las restri(aed fund81 immediately on r8cdpl. All don8llons collected to which tha legally entitled whlch has not been recefved al the year erKI is induded 08 Ir}me. li
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONT114UED) FOR THE
YEAR ENDED 31 AUGUST 2025
Accountlng pollcl
IContlnu•d
Each year the rally18 operated by 8 local Young Fam)ers' Club on behalf of the covnty federnlion. All income and
expènditure from this event is di5c106ed in these finan¢l81 slaltsmenls. 20% of the nel surplu8 or deflcit from the
event 18 retained by th8 or9ani8lng club. This profit share 1$ Induded within ralty exp8ns•s in the account8 of the
County Fgderalion.
1.8 R•aourc•• oxpended
Expenditure is re¢ogni8od on an 8ccruals basis as a liability is Incurrecl. Expendllure indude8 VAT whlch
cannot be recovered. and Is reported a8 part ol the expenditure to which it relates
1.6 Tanglbl• flxed a88•ts
Tongiblè fixed a56el8 are inrtially m8a8ured al co81 and subsequently measured at cost or V8luAOn, net of
depr8clatIc and any Impairment1088eJ.
Depreciatlon Is ffjcogn13ed 30 88 lo wrile off th8 e081 or valuation ol 8880¢8 le88 Iheir reBidual values over
their usolul lives on the followiThJ base8.'
Trophl$8 and equipm&nl
Trophies 10 ye8r 8lr81ghl linelRally 8qulpmenl 4 year Blralghl
Offlu eoulpmenl
Equipmenl 25% reducing balgncolCompul8r and o)pler
equlpmenl 33% redudng balance
The galn or Ios8 arl8lno the dlsposgl of an 888el 18 determlnad as the difference betsveen IIK? $818
procee
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Dontlon• and glfts Unre•trlctfrd funds 2025 R••trlct•d fund• 2025 Totsl 2025 DDnatlon• •nd glft Donatlon8 and g1ft1 OFYFC 200 Club Natlonal Farmers Unlon Vrlou• donatlon• 1,100 840 820 1.100 820 Unr•8trl¢tsd fund• 2024 Re•trletsd lundo 2024 Tot•1 2024 Oonatlon• and glft Don•tlon• •nd glft• OFYFC 200 Club Natlonal F•rm•r• Unlon Tr•lnlng grnt 1,500 633 320 1,500 533 320 Charltsbl• ctlvlil•• 202J 2024 Natlonal •nd county levle¥ In•urance Yearbook 12,875 2,930 14,477 Fundr•l•lng and other •ctlvltl•• Unreltrlctsd fund 2025 RMtrletèd fund• 2025 Total Total 2028 2024 Fundrnl•lng •v•nt• For the y•4r ondod 31 August 2024 68,469 1,460 69.929 13
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Inv•8tmant8 Unre¥trlcted fund• 2025 Re8trleted lund$ 2025 Total Total 2025 2024 Intere•t rnc•lvable 3,465 1,319 For th• year •ndod 31 August 2024 3,E533 1.471 5.004 All Investm8nt8 held by th8 charlty are deposit accounts. Ral•lng fund• Unr••trlct•d funds 2026 Re•trlctod fund• 2026 Total 2025 ubli Rally expen8a8 Ball Quiz Compelllion expen8aS A(fvertising Chaimian chadty event C08ts Marlborough Fund donation SEA Levy 32.503 8,475 192 678 310 252 32,503 8,475 578 310 252 3.670 200 3,870 Fundraislng al publldty 42,808 4,118 46,626 Unr••trlct•d lund8 2024 Rmtrletsd fund• 2024 Totsl 2024 Rally expenses Quiz Conw)elillon expenses Funding eost8- Bingo Marfborough Fund donation Shoaring donation relund 80 Lunch expen¥e SEA Lw 28,801 28,900 1.164 1,042 1.164 1.042 950 950 640 5,097 200 5,097 200 Fundraising and publicity 35,880 2,114 37,993 14
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS MOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Charltsbl• actlvltl•8 2025 2024 Inur•nce Lovles staff co•t• and •molum•nt8 (••• nots 111 M•n•g•m?nt and adm1n18traOn 8xpendlturn Yearbook Equlpm•nt Rugby event 3,120 1,250 16.928 7.987 809 1,177 3.114 7.435 16.520 6,285 39,777 32.3fj4 8har• of gov•rn•n¢• co•t•1•o• noto 91 Governance c0818 indude8 payments lo the accountant8 01 £1,040 {2024.' £1,000) for Indepen¢Jont examlnatlon lees. Support and governnce co•t• Support co•t• Go¥ornonc• co•t• 202S 2024 B••l• of Allocatlon Independenl 8x4nMner8 fèts8 1,040 1.000 Gov•mAn¢• 1,000 10 Tru•ts One of th8 Iruslees recelved remuneratlon for their $ervlces lo the charlty As County Co-ordinator and Flnan¢ial Administrator from the chadly during the prior year. In the current year Gross Salary of £16,626 12024.. £18.2301, and pen8ion conlribullon8 of £30212024.. £2901 were paid by th• charity. During the year £1,391 12024". £1.1511 wa8 p81d lo In16tg9$ for reimbur8emenl for milage and for oul-or- pocket axpen808 for charity events. 15
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS P40TES TO TWE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Employ•è* Numb•r ol omploye?• 2025 Number 2024 Number The average monthly number of employees during the year w98 Employment co•t• 202S 2024 W•g•• and •alarlos P•n8lon- Defln•d contrlbutlon 16,626 302 16,230 290 16,928 16,620 There were no •mployee8 whose annual remuneration was rrre than £80.000. 12 T•nglbl• flxod al•• Trophle• and equlpm•nt Office •qulpm•nt Totsl Co•t Al I Soptemter 2024 18,147 493 18.840 Al 31 Augu812025 18,147 493 18,840 Depr•clatlon and Impalm)•nt At 1 Seplomber 2024 18.147 493 18,640 At 31 August 2025 18.147 493 18,840 C•rrylng amount AS at 31 Augu812025 A8 8131 August 2024 13 D•btorn 2025 2024 Amount• falllng duo wlthln ong y••r: Trade debtor8 Prepayments 1.452 506 3,081 16
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 Cr•dltor•'. arnount8 falllng duè within one year 2025 2024 OtheT tayallon and 80dal 8eoJrlty Othér tredilors Deferfed income 200 1,512 156 1,438 550 2.144 1.712 10 Rètlrèrnent b•n•flt •chomo• The charlty operate8 a definecl contribution pension 8chem& for all qualifying employees. The 8$$ot6 of the scheme are held separately trom th080 of the charity in an independently admini81ered fund. 16 R••trl¢ted lund• The income fvnds of the charity indude strIctlI funds comprising th8 follon9 uxpended balan$ of donallons and grants held on trust for speufic pUrse8.. Mo¥•m•nt In lund• InGomlng R•8our¢e• ro•ourc•• •xp•nd•d B•lAnc8 at 1 Sèptsrnb•r 2024 B•l8n¢• •t 31 Auguot 2025 Pl8rlb)rough Travel & Advancemanl Fund Mlk8 Jgfferfe8 Development Fund 23,045 10,949 13.0101 30,984 49,300 12,666 14.1181 57,847 hTr The Marlborough Traval & Advancement Fund provides grants to Young Famier members w58hing 10 underlake tralning or a lrfp with an educative purp08e. During the year the followlng 8wAril8 were made.. £200 Alfie Johns sheep Shearing course, £380 Annab81 Shipway Gold Ouke of Edlnburgh expedlllon, £450 Dalsy Garne, £450 Isobel Wilson NFYFC trip lo Sri Lanka. £500 Mhlney Juniors camping trip, £50 Zoe Homer report on South Afdca cons8Nalion èxperlenc8. £500 Hgldl Walker trfp to Italy, £500 Fred Shipway trip lo New Z•8lAntJ. 12024.. total awards £9501. The purpose of ihe fund Is10 slongthen the YFC clubs in Oxfordshire by providing financlal 88918tance lor club officer tr8ining, skills support, club support, m8rkeling and reuultment 8nd county events and activilies. The fund was launthod on 25 Novernber 2008. Sincè the funds incepllon lo lh8 Covld pandemic in 2020 fundralsing events occurred every year. During the current year a qu was held that raised £1,348 for tho fund. Expenditure in relation to the quiz w88 £448 resulting in nel 8urplu$ ol £898 for the fund. In th• year £860 of the Mike J•fferie¥ fvnd was used to fund fir$1 aid Iraining for members. 17
THE OXFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS 140TES TO TPIE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 17 O•slgnat•d funds The hJnd8 of the tharity include the folltY•ying designated funds which have set aslde oul of unrestricted funds by Ihe trustaes for specific purposes. The purpose of Ihls designated lund 18 to allocate lunds to CA)ver extraordinary 108s08 incurred by the ch8rlty and salarfes In the year of exceptlonal lossgs. The reserve at £51,000 {2024.' £50,000) is 01 9 level which the management committee budget IA iuffirienl lo cover approximately years nel charitabl8 and g8n8ral expen898 before any fundrai8ing or rally recelpt8 aro t8ken Into account. The purpose of Ihi8 designated fund IB lo provlde a fund Should dubs organlslng the rally require an inlllal loan for exFxnse3 incurred prior to the racèlpl of 8pon8otyhip or donations. The County holds fixed as8818 that can be used at tha rally whlch indu*Ye bar furnilure, rlng rope8. clip boardg and slgn8, Therels no money hgld under thi8 lund at pr8senl12024'. £nlll. The purpose of thls de8ignated fund 1$ IL) rer monie3 held from Young Farmers clubs in the County that have clo$e(l and lo bo hell for H perifrd of 7 years befor8 b•lng Iranolerred lo the general fund8 of the County. Th• fund can tx UBeil lo help Bel up new clubs. There is no money held under this fund al presonl 12024.. £nlll. At th& rgquesl ol the County Chalrrnan. o Chalrman'8 Chafltles Fund was sel up as a designated fund, vAlhln the unre8lri¢ted funds, to raise money for the Chairm8n'B specific charities. The money rais8d is lo be owerded 8t Ihe County AGM. A8 al 31 August 2025 the Chaimian Chgdly fund contained £2,53312024.' £1,601). 18 Rolated yrty tranB•etloft• The only di8d08able rèlated party tran8actlons durfng both yearB presented were trustee remunerolion and roimbur8ed expen8e6 as dl8c108ed In note 10 and note 11. The key management personnel ol Ihe Charlty comprl$e of Mr8 R Wlgham- County Presldenl, Miss R Ludlow Coltnly Chairman, Mf E J Mearns- County Tiea$ucor, Mi$8 M L Angu8- County Coordlnalor and FlnAnce Admlnlslralof. 18