ChaTlty reE1Stra￿On numbtr 305607
THE WILTSHIRE COUNTY FEDERATION OF YOUNG
FARMERS, CLUBS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
LEGALAND ADMINISTRATIVE INFORMATION
TIu5tpos
Charlty number
30560-1
YFC Off)ie
Lacklièm Collpgp
Cliippenham
SNlJf 2NY
IndepEndent examiner
Old Mill AccOun￿nc¥ Llrnited
Ciroenwir ys Busin055 Piirk
CHIPPENHAM
WiltshirE
l.nyland
SN15 IBN

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
CONTENTS
Page
Trustees, report
Independent examiner'5 report
StBtement of linancial activities
B314nce sheet
Notes to the financial statements
7-16

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JUNE 2023
The trustee5 present their annual report aiid Iiiiaiicial %lii loiiip.iils lor Ilie year p.rided 30 Jufip 20?3.
The fi'nanclal statÈtnents hrf?vo been preparo.d Iii ciccordiii(-.Il Witli tlio dCCOLlntinR r)iJlii.-Ir.4% Sèt Dut in note I to the financial
5tatemonts and comply with the Cliai ity's V.OVPl-IiiliB docuineiit, tlip. (.-liarities Acl ?.011 'Ar.coiintlllE RepDfiing by
Ch3ritie5.' St3ternent of Recominendc(I pitir.ticp applic3blp. 10 ch,Iriries preparing Iheir accoijnts in accordance with the
FiTrancial ReporhnE Standard applicablp. in tlio UK and Repiiblir. of Ircliind IFIIS 1021" lelfp.ctive l January 2n191-
Objectives 8nd activitie5
The Wiltsliire County Federaifjon of YouTrg Farmer'5 Clubs was con5btuted by conskntution and is a rÈglstered tharitv
Iregi5traknon number 3056071. The charity w8s esiabli5hed to advance tlie educahon of young mombers ol the public <11 large
In agriculture, l)ome crafts, country life and relatod subjects. It runs educattonal activikne5 including Skills For Life (Curwe
modules) proerainme and an Annu21 Rally Is held wh@ro all TnembÉr5 aro encouraged to enter competitions. The Charity 3150
holds ewents such 8$ Sports matches, quizzes and annual dances. Th2se evenis are all run by the metnber5.
In the Interests ol the Social welfare Df such members of the public to provlde, and promotÈ the provislon of laci1itie5 for
recreabon and other leisur@ time occupations, being facilities which will improve their condibons of life 3nd W￿11 assist in the
development of thelr spiritual mental c3pacikne5, self-ieliance 3nd Individual responsibility so that they may grow to full
Tllaturity as individua15 and members of thÈ tommunitv.
The address of the charity is YFC Oflice, L3ckham College, L3cock, Chipp2rtham, Wiltshire, SN15 2NY.
The trustees liave paid due rÈgard to guidance issued by thp Charity Commlssion in decidlng whBt activilies the Charity should
undertake.
The grant maklng policy is to support members of the Wiltshire Federation OF Young F3rmers Clubs.
Achievements and performance
MÈtnber5hip has continued to grow. WÈ have had a successful year, with membership now at 272. Over the winter mtsnths our
members enjoyed a variety ol County meetinES, alon￿51dC their norrnal Club ifQL'tings. Iceskating in Bath,. Our Christmas Fair
which included some of our members selling rhoir own WLircs' Carol singing al Salisbury Market with the RABI., Plough service,.
learning to lay ri Hedge- a talk from the Polir.e on Safe drive. stay Lilivo and a visil. to TFI Whites for Farm safety trnining. With
spoits compoiitions in 5 a sido football, Kwik Cricl¢ct, Rounder., 3 niEhtliike and Unihoc.
At the ond of JanuiL ry we mado a start orJ oiir 98 Rcilly competitions witli a SpeiL kinE day., Stockjudging day, all culminating on
Rally Day at Aqu& TonE Farm at the end of April,
Souih West Aoa saw 46 rnembErs attend the weekend in Weymouth, with teams golng throu6h to National Finals. Along with
CDmpetihons Day at KinEton Maurward College where our slockjudEer5 dld d Idrita5tic job and Lame 3" lor Lhe te3m event,
and our farm Safety team coming 6 at NaLional la Ereat achiovemont for our sma11 County). We also have somo Junlor
membprs attendlng thÈ SWA Junior Residential in Shropshlre in August.
Slnèncial revSew
Durlng the period under review, net income totalled £57,32912022..£62,7621. Thi5 consisted of subscriptions £16,68712022'.
£16,18611 gr3nts and donations £7,4S212022..£7.4571, int2re%t £22412022..£6561 and fundraising £32,96612022.'£38.4631.
The twsiees report that the current hnanciBI position remains Sound.
The Iru5teÈ5 eontinue to be of the view, as recommended by the Charity Commi551on, that they should maintain an
appropriate level ol free reserves li.e. unrestricted funds not tied up in the charitable lixed a55@tsl. The trustees have decided
thai the free reserves should equate to at least 50% of it5 annual expenditure, in order to ensure the continulty of operaknon5
In case ol unforeseen events.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
TRUSTEES, REPORT ICONTSNUEDI
FOR THE YEAR ENDED 30 JUNE 2023
11e.nt to 7 months 12022..91 of recurring
AS ?t 30 June 2023 the level of froo rosor¥e5 Wcis E_4?.065 1?_0?.2.'.F.411.fJ Jd), CQVIVE
expendlture.
The trustee5 are comfDrtablo that the currpiit 1p.vel of frce rp5eives ir ie appinprir)lQ to the ch.Irity'S circumst3nces at prÈsent.
The tru5tee5 coiiLinuÈ to rcviLW I.IIL% ILlyLJl ul Ircc ie5erveb L'tich yEar.
lied that systems 6￿ in place to
mid8ate exposuro to tl)È major rlsks.
A trustee sits on the executive committee and linance in general purp05e5 iommittco to advlse and guide throughout the
year.
lTrvesrment5 are made in a h'xed term accDunt within Lloyds Banking Group.
Plansfor future periods
For the coming year we are looking to rocruit 3n As515tant Organisor. We will also be h05tine theSWA compctitions day in June
2024.
Structure, governance and management
Members aged between 10 & 28 years old make up the Clubs, guided by Leaders and an Advi50ry Committee. All Clubs are
aflillated to a County. Each County is affili3ted to the Naiional Federation of Young Farn)ers Clubs.
The charity is governed by the county conshtution first adopted in 1972 and last updated on 27 September 2021 and adopted
at the Annual General Meeting.
The trustses who served durinE the year and up to the date of signature of the linancial statements wère..
Paul Wiltshire
Marian James
Rob Burrough
Tru5tÈe5 are appointed by elechon at the Annijrfl General Me.plin2.
Trustee5 attend County meetings and are Itjlly inlormecI and awar@ of tho countie5 acbviknes. They advise the membèrs on
thÈir respon5ibilibe5, SO that the County i.E run well and 15 li1)ancially solvent, with furids being used for the purpose for which
they are given and in accordance with Charity reeiilètioiis. Trustee5 Sit on Ihe staff managp.ment committp.e to advisè on
employment and other logislation maltors. They also advise on 5afeguiL rding the best interests ol th@ memb@r5 and the
Chailiy. Our tnjstees have control ol the Charity savings and invest them whero they will be of benelit to thè Charity. They
discuss and repDrt on the inve5ttMent5 at the linance and Eeneral purpose5 cornmittee meetings.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30JUNE 2023
statement of trustÈe5' respon51bllities
The trustees are rÈspon5ible for i)reparii)g tl)2 Irustp.ps' ALsport nil tl)e lir)clTlf.iril 5tatp.mp.nts in accordance with applicable law
and United Kingdom Accountiiig StaliLldrd5 IUriltL,d KiiiEdom (-.L'[IL'fLilly Acioprocl Accoiinting Praclicel.
The law applicable to charities In EnRland and Wales roqijires tlic trustees lo prepare lincincial ￿tateM￿ntS for e6ch linancial
year which 8ivÈ a truE and lair viow of the statQ Df 3fldil'5 ol Ilic Cliarily ol the incomlng resource5 and applic3ti0n of
resourcÈs of tho Charlty for tliat year.
In prep3rii)g these linancial stdtement5, the trustees are ieqiiired to,.
-s@lect suitable accounting pttlicies and then apply thÈm consistently,,
observe the methods 8nd principles in the Cl)arities SORP,.
make judgements and psknmates that are reasonable and prudeDt,'
state whethor applicablo accounting standard5 hDve boon followod, subjoct to any material dep3rture5 dlsclosed and
explained in the linancial statÈment5,' and
prepare the tinancial Statements on the going concern basis unless it is inappropriate to presume that the charity will
rontinue in operation.
The twstÈes are rospDnsible for keeping sufficient accounting records that disclose with roasonzble accura£y at any time the
linancial p05ititsn of the Charity and enabl2 thom to ensure tha; tne financial 5tatenients comply witli the Charities Act 2011,
the Charity IAccounts and Reports) RegLJlations 2008 and the provisions of the trust deed. fhey are also responsible for
salÈguardinE the assÈts ol the Charity and htnco lor taking reasonable step5 lor thp prevention and cletection Cil fraud 3nd
other Irregulaiities.
trustees, report was approved by the Board of Trugtees.
Rob èurrough
TrustEe
Date..

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
I report to the trustÈes on my exaTnination of the financial slaiemBnt5 01 The Wiltshire County F￿(￿r￿Mon of Young Farmers.
Clubs (the Charity) for the yoareiided 30 Jiifie 2023.
Responsibilitiès and basis of roport
As the trustees of the Charity VDV li re rospon5iblo for tho prcp¢irititrn of the lininclal stoiemont5 in accordance with the
requirements of the Cliaritie5 Act 2011 IthL 2011 Aill.
I report in respect of my examination of the Charity'% finEinc1i1 I stcltoments C3rried Dui under section 145 of the 2011 Act. ln
t3rryinE oul my examinatiDn I have followed all the applicable Direchons elven by Ihe C113rity Commisslon under section 145
15llbl of the 2011 Act.
Independent exarniner's statement
I have CDmpleted my examination. I confirm tliat no matters have come to my attenhon in connecilon with the examlnition
giving me cause to believe that in any material respect..
accountinÉ records wer@ not kept in respect of the Charity as required by section 130 of the 2011 Act.. or
the financial statÈment5 do not accord with those records., or
thè ftnancial ststement5 do not comply with the applicable requirements ioncernlng the form and contont of accounts
5Et out in the Charitie5 (Accounts and RepDrtsl Regulaiions ?.008 othe.r than any requiretnent that the accounts give a
true and fairview which 15 not a matter considered Bs part of an independent Èxamination.
I have no concerns and have come across no otlier rnatters in connection wiLh the examin3bon to which atteniion should be
drawn In thi5 report in order to enable a proper understsnding of thÈfinancial statements to bo reached.
TIM LEnvIII, FCA
Old Mlll Accountancy LimitÈd
GreenwÈy5 Business Park
CHIPPENHAM
Wiltshire
SN15 IBN
England
Dated..
1011112023

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS. CLUBS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
UnrÈstrittÈd
Re5triEtÈd
fund5
2023
Toral
Total
fund5
2021
2023
Z022
Note5
efr
Grant5 aiid Donations
ub Subscriphons
Fundfftlsing Activitie5
Investments
7,451_
16,687
32,966
224
7,452
16,687
32,966
224
7,457
16,186
38,463
656
Total iftcome
57,329
57,329
62.762
Chaiilable actiwities
56,117
56,117
53,722
Tr3nsfEr inlloutl of funds
Net income for the yearl
11,0001
Not movement in fund5
1,212
1.212
8.040
Fund balances at l July 2022
111,821
22,463
134,284
126,244
Fund balances at 30 June 2023
113.033
22,463
135,496
134,284
The statement of financial activities include5 all gain5 3Trd ltssses recoEnised in thÈ year.
All income and expendlture derive frorn continuing activitie5.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
BALANCE SHEET
AS AT 30JUNE 2023
2023
2022
NDtos
Fixed assets
T3nglble asset5
Investments
13
14
756
80,000
827
70,000
70,827
current assets
Stocks
Oebtors
Cash at b3nk and In hand
80,756
15
75
18,241
36.424
89
16,111
47,505
16
54,740
63,705
CredStor5.' 8mount5 fallinE dtte within onÈ
year
17
12481
Ilet £urrent a55et5
54,740
63,457
135,496
134,284
IncDme fund5
18
22,463
113.033
22,463
111,821
Unrestricted funds
135,4196
134,284
The financial ststements were approved by the Trustee5 On
Rob Burrough
Truste&

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMER5, CLUBS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
Aceountlng policies
Charity information
The Wiltshire County Federation ol YoLIiiB Farmer5, Cub5 15 consiiiiited l)y the countie5 consitubon and Is a reglstered
li?(1 to fi¢lv.Trnr?. the p.IlucitiDn of yDuDg members of thp
for life (Curve Inodijlesl progr3mine and an aTiniial r,Illy is held whprtr all member5 are encourag2d to enter
£ompetitions, Tho cliarity iilso holds ovonts Ruch 5portfi mir tchp,., quir./orJ and Rnntjffil dinte
These e.veniS are all run
by the members for thÈ MÉmbÈr5. The principal Offic￿ addres:
f tho charity is YFC Olliic. L3ckham College, Lacock,
Chippenham, bililtshire, SNIS 2NY.
1.1 Accounting convÈntiDn
The financial Statements have been prepared In accord3nce wlth the Ch3rity's govprning document, the Chaiitie5 Acr
2011, FRS L02 'The Flnanclal RÈporting Standard appliciiblp in the UK 3nd Republic of Ireland" I'FRS 102"13nd the
Charibes SORP Accounting i?nd ftepothng by Ch3ritie%'. St3temÈnt of Recomrnended pracknce 3pplicable to charihes
preparing thelr accounts In accordance wltli the FinaDci31 Reporknng Standard applicable in the UK and RÈpublic of
lffland IFRS 1021 leffpcbve l Janu31y 20191. Tho Charity 15 a Public B&nefii Enhtv 11 4 deh'nÈd hy FRS 102.
The Charity has taken advantage of rhe provisions in tlie SORP for charitie5 not to prepare 3 Statement of Chsh Flows.
The fiDanclal Statements are prepared in Sterling, whlch 15 the functional currency of the chariry. Monetary amounts in
thesÈ financlal statemÈnts are rounded to rhe nearest £.
The h-nancial statement5 have been prepared under the hislorlcal cosr convention. Th& prlncipal accounting policies
adopted are Set out below.
1.2 Going toncern
At the time ol approving the linanclal staieinenl5, tlie tru5tÉÈs have a reasonable expectaiion that the Charity has
adeouate resourcÈs to continue in operaliDnal existgnce lor the loreseeab5e future. Thu5 the trustees continue to adopt
the going toncern b35is ol accountine in preparinE tho linJncial statoments.
1.3 ChÈritsble fund5
Unrestricted lund5 are avallable for u£e ai the discreknon OF the tru5teE5 in furtherance of theircharitable objectives.
Restrictod funds are subjert to speclhc conditions by donor.% a5 to how they may be used. The purposes and uses of the
strlcted funds 6re sor out In the note5 to the fi-nancial 5thtements.
1.4 Income
lTrtome is recoEnised when the Charity 1% legally entitled to It aftÈr any perform3nce conditions have been met, the
amounts can be mÈasured reliably, and it Is probable that income will be rccelved.
Cash donations are recognised on receipt, other don3trons are recognised once the Charity has been notified ol the
donation, unless performance conditions require delorral ol the amount. Incowe tax reCOv￿rable in relation to
donatbons ￿cE1Ved under Gift Aid or deeds of cov2nant15 r@COEnised at the knme of th@ donation.
Donated 5ervlces or fatilities which compiise donated strvicÈs are includÈd in incDmÈ at a valuation which Is an
e5bmato ol thÈ financial t05t borno by the donor whrrÈ such c05t is quantiliable and measurable. No income is
recogn15ed where there is no linanclal CDSt borne by a third party.
Interest 15 included when receivable and the amount can be measured rellably by the charity,. this 15 normally upon
no￿lication ol the intero5t paid or rÈplc yable by the bank.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL sfATEMENT5 ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2023
Accountlng policiÈs
(Continued)
..5 Exppnditu
Expenditure Is recoEnised once tliere is a Ip.E?l or EOn.£triiclive Dl)IlgatioTr to make 3 payment to a third p3riy. it is
probably that sertlement will be required aiid theL I mDUnt nf tho ￿hligation Clin be meii%urod reliably,
Iirecoverable VAT Is charged a5 a c05t agoinst tho activity fnr which the cxpEndiiure wae Iniurred,
1.6 Tangible fixed 2SSQts
Tangible lixed 3sset5 are inltrally moasurÈd at C05t and subsequpntly mpdf?5Ufcd at C04t or valuation, net of depreci?tion
ènd any impairment lossÈs.
Depre¢lation is recognised so 35 to writo off the cost or valuation of a55ets le59 rheir re51dual values over their useful
live5 OTr tlie Followlng bHses'.
Fixtures and flttings
ComputÈrs
IS% reducing balance
15% rèducing balance
The Eain or loss arlsing on the disposal of an asset 15 determined as the difforentÈ betweÈn the sale proceeds and thÈ
canyingvalue of the asset, and is recogni5Èd In Ihe statemÈnt of linancial activititts.
1.7 Fixed asset investments
Fixed asset inve5tmÈnts are measured at Cost. Investments Include moD2y held in lixed term bond5.
l.B Impalrment ol fTKed assets
At each rÈporknDg Ènd date, the Charity reviews Ilie carryiDB amounts of its tanÉible R55et5 10 detèrmine wh&ther thp.re
is any Indication that those assets havo suffertd an impairment 1055. If any suth indication exist5, the recovÈrable
mount ol the 855Ét is e5limatBd in order to deterinine tIIL Cxtent of the impairment loss lif anyl,
Rocovetsble amount Is the higher of f3lr voluÈ le55 COSt5 to sell and value in iise. In assessing value in use, the estimated
future cash flows are discounte(J to Iheir presont value using a prLY.
lax discount rate that roflects current market
3S5essment5 01 the time value of money and the risks sptcilic to Llie asset lor whiih IliÈ eslini£ilè5 (JF futur@ cash flows
havÈ not been adjusted.
11 the recoverabl@ amount Df an as5el 15 Èstirnated to be l@ss than ils carryiiig amount, the carrying amount ol the asset
is redU￿d to its recovorable amount. An impir irinent Ios5 15 1.ecoini5ed immÈdiately in incomellexpenditure lor the
year, unles£ the relevant asset is carried at a revalued amount, in wliich case the Impairment Ic6S 15 treated as
revaluation decrease.
RecognI5ed impalrment SDSSÈS arÈ reversed if, 3nd only il, the reasons for thÈ itnpairment105s have c2ased to apply.
Where an itnpairment Ioss SL4bsequently reverses, the carrying amount ol rhe asset is increased to the revised estimate
of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that WOLsld
have bÈ&n dÈtermined had iio impalrment10ss been retoenised lor the asset in prior years. A ￿Versal ol an impairment
loss is iecognisÈd immediately, unless the relevant asset is carried in at a revalued amount, in whlch case the r@versal of
the impalrment Ios5 IS treated as 3 revaluation increasÈ.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 30JUNE 2023
Accounting pollcles
(Continuedl
1.9 stocks
Stock5 are stated at thp lowor of cost and p.Etimatp.Il 4&llinE prlr.e t￿5$ cost5 tD complotp t1nd £ell. C.05t ct)mprises direit
to their present location and condibon. Iterns lield for distribuhDn èt no or ntsminèl con51derHtion arÈ measured the
lower Df replacement C05t and cost.
Net realisable valiiÈ is the E4timrlted selliiig price less all eihm?ted cost4 of iornplf tion and cost5 to be 1￿Curred in
marketing, selling and distribution.
1.10 Cash and tash e4uivalent5
Cash and cash oquivalonts include cash In hand, deposits held 3t call with b3nks, oth2r short-term liquid Investments
with original mBturitie5 of three mDnth5 Dr le55, and bank overdraft5. Bank Dverdr3ft5 are shown within borroiwings in
1.11 Financial instruments
The Charity ha5 elected to apply the piovi5ions of 5echOn 11 'Ba5ic Financial Instruments, and Stction 12 '0thÈr
Financial Instrumeftts15sues' of FRS 102 ta all of its linancial instruments,
Flnancial iD5truments are recognlsed in the Charity's balance sheet when the Charity becornes p3rty to the contractual
provlslons ol the instrument.
Financlal 355ets and liabilibes are offset, with the net amouNt5 presented in the lin3nEial statements, when th2re is a
legally enforce3ble right to Set off the recDgnised amounts and there 1$ 3n Intention to 5Ètile on a net basls or to realise
the assÈt and settle the liability simultancously.
Busicfinonciol u55ets
B35ic linantlal assets, which Includp debtors 3nd cash and bank b318ncp5, are initially rnea5ured at transaction price
including transaction cost5 and arp. subspqiienrly carrled at amorti%ed cost Usiny, Ihe effective interest meihod unless
the arrangement ronstitutes a linancing traiisar.tion, Whor￿ the transacknon is MoaS￿red at the presonL value ol the
future recelprs di5fOUnted at a markei rate ol i￿tereS1. Finfinclal 3SSet5 1.la5sihed 35 receivable ￿rythin one. year Hre not
amortised.
sf¢Jtnunciolllobilities
B3sic linanclal IiabilitiÈS, inclLiding creditor5 and bank loans arp initially recognlsed at transaction price unless the
arraTr£@ment constituttrs 3 linancine transaction, wherp the debt in51rumeDt 15 measured at the prese[* value of the
future paymont5 discouDtod at a InarkL)t rate of intClL?5t. Finaniial Ilablliii@s cldssilied as payable within one year are not
aMOr￿Sed.
Debt instruments aro subsequently carried at amorhsLd cosl, using tlie effective IntÈre5t rat? method.
Trade creditors aro obliEations to pay lor eoods or servicos that have been acquir2d in thÈ ordinary course DI operations
Irotll 5uppller5. Amounts pay8blo are classilied as current liabilitie5 il paynient is due within one year or less. If not, they
ale pre52nted gs non-current llabllities. Trade creditors are recognised initially ht transaction pmce and subsequently
mEasured èt amoth5ed cost usine thc effective interost metliod.
DerecGgnitlon offvnuncial litsbilities
Financlal liabllitiÈ5 arp derecoBnlsed wlien tlie Cliaritls r.ontr3Ctual obligaknons expire or are d15charged or cancElled.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2023
A£countin8 polities
Icontinuedl
1.12 Employee benofits
The cost of ony unused holiday Liiliiloinent is rocugiiised li) IliÈ period wliich t.he employee's service5 are recelv2d.
Termin3ti0n benolits are recogni&Ld imrnediLitely [75 an eXpEns￿ wlien tho Charity is demonstrably committed to
teiminate the ÈmploymÈnt ol an employee or to providp terminic lion benelits.
1.13 RÈtirÈment benefits
P3yments to delined tontribution retirement benelit scheme5 3re ch3rged as an expensÈ as they fall duÈ.
Critical accounting estimates and judgoments
In the applicarion of the Charity'5 accountinc ptrlities. the trustees arÈ rÈquired to make judgements, estimates and
75sumptions about the rarrying amount of a5set5 and Ilabililies that are not readlly apparent from other SDurces. The
esDm3tps ancl associated assumpiion$ are based on hlstorical experience and other factors that arÈ considered to be
rel￿ant. Actu31 rÈsults may differ from these estimatÈs.
The estimates and underlyine assumption5 are reviewed on an gngoinE basls. Revision5 to accountinE esknm3tes are
remEnlsed in the period in which the estimaie is revised where the revision affects Dnly that peri(O, or in the pÈriod of
the revi51on and futurc perlods where the revlslon Bffects both curient and future PÈfiods.
Key source5 of estirnation un¢ertainty
The tstimBttsS Lind assumptions which havÈ a SlEniffcant rlsk of causSn8 a material adlustment to the carrying amount of
Estimated useful lives of tangiblo tixed a5SQt5
In determining the estimated useful life the Socioiy coii%id?.r.% tho pxpected physical wear Éind iÈar of the asset that
CO￿ld lead to Dbsoloscence ol the asset. Eacli year the tliarity rèviows the above to establish il ihere 15 any ch3nge in
the expectod useful lilo of t&ngible a55olS.
Grants and Donatitsns
2023
2022
SWA Training and EquipTnont Erant
Gift aid
NFU erant
Community and grant doiiaii051S
Old Mi15 Accountancy Dongted 5e¥vices
Other DDnation5
1,500
I,G20
?.,000
1,069
2,000
2,436
1,950
1,95D
382
7,452
7,457
io.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE2023
club sub5crlptions
2023
2022
club 5ubscripbOnS
16,687
16,186
Fundraising Activities
2023
2022
3,000
14,D79
4,622
11,753
400
50
12,670
445
59
5,596
1,677
441
200 Car Club
Quiz NiEht
AGM Raffle
Area Weekend
Nightclub Incorne
C&y Shoot
Beacon night
SWA Competition day
Xmas market
Tralfting incoine
Dlnnor Dance
8,955
1,809
206
647
750
4,270
32,966
38,463
Fundiaisine Activities
Investment5
2023
2022
Interest recelvable
224
656
li-

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTE5 TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THEYEAR ENDED 30JUNE 2023
Charitable activitles
2023
2022
12ries and OrBaniser F@es
Dep￿cIation and impairmenr
?0,669
l58
1,463
1,363
11,172
?.16
1.3
Afft112ti0ll to National Federbtion
SWA Weekend
Telephone
Payroll and Admin Cost5
CRB Fees
Tralning
Dinner D3DcÈ
6,7n6
163
116
39
3,?_50
P051age, StationÈry ènd Sundry Expen5e5
Accountancy Fees
Othce Rent, Light & Heat and Meeting Room Hire
C12yStock Write Off
Xmas Market
Beacon Night
1,642
I,DOO
1,403
2, JL Iq
45¢)
200
loo
2,919
54.569
52,SSI
Giant fundlnE olattivities Is&È note 81
Share OfgoVernan￿ costs ISÈE note 91
598
221
950
950
56,117
53,722
Grdnts payable
2023
2022
Gont5 to insmtutions..
Alr Ambulance
ThE Royal AEri¢uliural Benevolent In5￿t￿tion IttAtJii
41È
180
221
598
221
-12-

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THEYEAR ENDED 30JUNE 2023
support costs
Support t05ts
Governance
COSt5
2023
2022
Independent Examiners, Fee5
950
95rJ
950
950
9SO
Analysed bÈtwÈen
Charitable activiues
950
950
Governance cost5 Include5 payments to the ex3miners 01 £950 12022..£9501 for independent examin3knon fees. In
addition to these fees, Included in charitable expenses Bre lees pay3blo to the ex?tninÈr5 of El,00012D22.'EI,OQOI i
respect of accountanty sÈrvices.
10 TrustÈes
Nonè of the trustees lor any peT50ns connected with theml received ary remuneration or benefits frotn the Ch2rity
duringthe ypar. Paul WiltshirÈ wa5 reimbursed for p8yroll costs totalling £nil12022-.£7501 during the yelr r.
11 Employees
The average monthly number of Èmployees during the ye3fwrlS'.
2023
NLimber
ZDZZ
Nurnber
Employment £05ts
2023
2L122
Wages and salaries
Socia15ecurity costs
Diher pÈi)sion costs
18,444
2,384
853
17,398
2,479
792
21,681
20,669
There wcre no employees whose annual ￿ muneration was morÈ thon E6D,000.
12
Tamario
The ch3rity Is exempt frDm tDx on incomtr lind galn5 falling within Section 505 of the Taxe5Act 1988 Dr section 252 of the
TaK¥tionDf Ch3rgeable 63inS Acl 199?. to the extent that tliese are applied to its charitsble oblect5.
13-

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 30 IUNE 2023
Tangible timed assets
Cornputors
Tot31
litknnE5
C05t
At ijuly 2022
Addltions
1,791
63
1.544
3,335
63
At 30Jufie 2023
1,854
1,544
3,398
oepredation and Smpairment
At lJul¥ 2022
Depr8cl3knon charged in the year
1,501
53
1,007
81
134
At 30June 2023
1,554
1,088
2,642
Carrying amount
At 30 June 2023
300
456
756
At 30June 2022
290
537
827
14 Fixed asset InvÈstment5
Unllsted
Investmcnts
C05t or valuation
Al l July 2022
Addltions
70,000
iO,O(K)
At 30June 2023
80,000
Carrying amount
At 30June 2023
BO,000
At 30 June 2D22
70,ODO
15 stocks
2023
2022
Finished goods and good5 for resale
75
89
-14.

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED JOJUNE ?023
Debtors
Amounts falling due within one ye3r'.
2022
Subscrlpbon debtors
17 creditors.. amount5 falling due within one year
2D23
2021
Creditors
248
IB Re5trScted lunds
The income funds of the charity include re5tricFed funds cJniprising tht lolloviinE unexper.ded balances Df donations
and grants held on trust for spocific purposes..
Balance at
l July 2022
Transfers
Ba5ance at
30 June 2023
Club RÈserve Fvnd- Trowbridge
Club Reserve Fund- Salisbiiry ?.019
Club Reserve Fund - Melksham 2019
CTWarÈham Beouest Fund
1?.,?13
242
12,713
842
7.882
1,026
7,882
1,026
22,463
22,463
Balance at
l July 2021
Transfèrs
8alance at
30 June 2022
Prlor year
12,713
1,842
7,882
1,026
12.713
842
Club RÈseive Fund- Trowbridge
Club Reserve Fund- Salisbury 2019
Club Reserye Fund- Melksh8m 2019
CT Wareham Bequest Fund
11,OODI
7,882
1,026
23.463
22,463
The Club Reserve Funds conslst of monles from disbanded clubs. The Club Reservè FuDds are Only available lor th& ie-
opening of disbanded clubs Witliin sevell year5 01 such disbandrnent. The funds held lor clubs disbanded more than
seven years ago are then transferred to uDre5tricted fund5.
The CT Wareham Bequest Fund consists of monles bequested lor travel 5cholarship5.
15-

THE WILTSHIRE COUNTY FEDERATION OF YOUNG FARMERS, CLUBS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2023
19 Analysis of nÈt asset5 betweÈn funds
Unrostricted
funds
2023
Re5tricteiJ
funds
2023
Total
2023
Fund balances at 30 June ?.023 are repres￿li1ed bv..
T3Dglble assets
InvÈ5tments
cur￿￿1 as5etsllli3billtiesl
80.000
54,740
80,000
32,277
113,033
22,463
135,496
Unrestrictcd
funds
2022
RestrictÈd
funds
2022
Total
2022
Fund balances at 30 lune ?.022 are represEnttd by..
Tangible a5setS
IwÈsttnents
CuirÈnt assetsllliabllltiesl
827
70,000
40,994
827
70,000
63,457
22.463
111,821
22,463
134,284
20 Related party transactions
There werÈ no disclosable related party traDs8ctiDns durlng the yetr12022- none).
L6-