``` REGISTERED CHARITY NUMBER: 504307 ``` ``` Trustees' Report and ``` ``` Unaudited Financial Statements for the Year Ended 31 March 2022 ``` ``` for ``` ``` LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS ``` ``` Haines Watts Chartered Accountants ``` ``` 23 Algitha Road Skegness United Kingdom PE25 2AG ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Contents of the Financial Statements for the year ended 31 March 2022`** |||**`Page`**|| |---|---|---|---| |**`Trustees' Report`**|`1`|`to`|`2`| |**`Independent Examiner's Report`**||`3`|| |**`Statement of Financial Activities`**||`4`|| |**`Statement of Financial Position`**||`5`|| |**`Notes to the Financial Statements`**|`6`|`to`|`12`| |**`Detailed Statement of Financial Activities`**|`13`|`to`|`14`| ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Trustees' Report for the year ended 31 March 2022`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2022.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1 January 2019). ``` ## **`Objectives and activities`** ## **`The objects of the club are as follows:`** ``` a) to advance the education of young members of the public at large in agriculture,home crafts, country life and related subjects, and ``` ``` b)intheinterestsofthesocialwelfareofsuchmemberstoprovide,andpromotetheprovisionoffacilitiesforrecreationand other leisure time occupations,being facilitieswhich will improvetheir conditionsof life and will assist in the developmentof their spiritual and mentalcapacities,self-relianceandindividualresponsibilitysothattheymaygrowtofullmaturityasindividualsandmembersof the community. ``` ``` When planning our activitiesfor the year, the trustees have consideredthe Commissionsguidanceon public benefit and in particular, the specific guidance on charities for the advancement of education. ``` ## **`Financial review`** ## **`Strategic Report`** ``` ThetrusteesrecommendthatthereservesbemaintainedatalevelwhichensuresthattheLincolnshireFederationofYoung Farmers' coreactivitiescouldcontinueduringaperiodofunforeseenfinancialdifficulty.Whilstthecurrentlevelofunrestrictedreserves may provesufficientforthenextyear,itisthetrusteesviewthatitisprudenttoensurethattherearesufficientfreereservesto provide financialflexibilityforthefutureshouldanyfundingbewithdrawn,suchasthekeyLCCYouthServicesSalaryGrantfunding.At the current time, there are no known or actual financial concerns threatening the clubs future. ``` ## **`Structure, governance and management`** ## **`Governing document`** ``` The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ``` ``` Theclubwassetupunderaconstitutiondated10April1974.It'sbaseofoperationsisattheUniversityofLincoln,Riseholme, Lincoln, LN2 2LG. ``` ## **`Recruitment and appointment of new trustees`** ``` Thetrusteesarethememberswiththemainresponsibilityovertheclub.At eachAGM thetrustees'positionis reviewedwithany new appointments being voted in. The usual rotation is two years for a trustee. ``` ## **`Reference and administrative details`** ## **`Registered Charity number`** ``` 504307 ``` ## **`Principal address`** ``` Lincolnshire Federation of Young Farmers YFC Office Riseholme Park Riseholme Lincolnshire LN2 2LG ``` ## **`Trustees`** ``` Miss C Garbutt County Chair Mr D Pepper Vice Chairman Mr Z Woodcock Vice Chairman Miss H Howell Treasurer (appointed 1/4/2021) Mrs M Willoughby President (appointed 1/4/2021) Miss S Allen Treasurer (appointed 1/4/2021) ``` ``` Page 1 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ``` Trustees' Report for the year ended 31 March 2022 ``` ``` Reference and administrative details Independent Examiner Haines Watts Chartered Accountants 23 Algitha Road Skegness United Kingdom PE25 2AG ``` ``` Approved by order of the board of trustees on ............................................. and signed on its behalf by: ``` ``` .................................................................................. Miss C Ulyatt - Trustee ``` ``` Page 2 ``` ## **`Independent Examiner's Report to the Trustees of Lincolnshire Federation of Young Farmers`** ## **`Clubs`** ## **`Independent examiner's report to the trustees of Lincolnshire Federation of Young Farmers Clubs`** ``` I reportto the charitytrusteeson my examinationofthe accountsofLincolnshireFederationofYoungFarmersClubs(theTrust)for the year ended 31 March 2022. ``` ## **`Responsibilities and basis of report`** ``` As thecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the Charities Act 2011 ('the Act'). ``` ``` I report in respect of my examinationof the Trust'saccountscarriedout under section145 of the Act and in carryingout my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Haines Watts Chartered Accountants 23 Algitha Road Skegness United Kingdom PE25 2AG ``` ``` Date: ............................................. ``` ``` Page 3 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Statement of Financial Activities for the year ended 31 March 2022`** |**`Unrestricted`**
**`Restricted`**
**`fund`**
**`funds`**
**`Notes`**
**`£`**
**`£`**
**`Income and endowments from`**
**`Charitable activities`**
`Subscriptions`
**`8,756`**
**`-`**
`Organisation`
**`6,466`**
**`-`**
`Other trading activities`
`2`
**`46,146`**
**`-`**
`Investment income`
`3`
**`10`**
**`-`**
**`Total`**
**`61,378`**
**`-`**
**`Expenditure on`**
`Raising funds`
**`40,144`**
**`-`**
**`Charitable activities`**
`Subscriptions`
**`-`**
**`-`**
`Organisation`
**`38,759`**
**`1,667`**
**`Total`**
**`78,903`**
**`1,667`**
**`NET INCOME/(EXPENDITURE)`**
**`(17,525)`**
**`(1,667)`**
**`Reconciliation of funds`**
**`Total funds brought forward`**
**`153,924`**
**`21,571`**
**`Total funds carried forward`**
**`136,399`**
**`19,904`**|**`2022`**
**`Total`**
**`funds`**
**`£`**
**`8,756`**
**`6,466`**
**`46,146`**
**`10`**
**`61,378`**
**`40,144`**
**`-`**
**`40,426`**
**`80,570`**
**`(19,192)`**
**`175,495`**
**`156,303`**|**`2021`**
**`Total`**
**`funds`**
**`£`**
`23,997`
`10,672`
`1,574`
`381`| |---|---|---| |||`36,624`
`2,554`
`245`
`39,440`| |||`42,239`| |||`(5,615)`
`181,110`| |||`175,495`| ``` The notes form part of these financial statements ``` ``` Page 4 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ``` Statement of Financial Position 31 March 2022 ``` |**`Unrestricted`**
**`Restricted`**
**`fund`**
**`funds`**
**`Notes`**
**`£`**
**`£`**
**`Fixed assets`**
`Tangible assets`
`7`
**`216`**
**`-`**
`Investments`
`8`
**`-`**
**`127`**
**`216`**
**`127`**
**`Current assets`**
`Stocks`
`9`
**`3,350`**
**`-`**
`Debtors`
`10`
**`15,440`**
**`-`**
`Cash at bank`
**`118,706`**
**`19,777`**
**`137,496`**
**`19,777`**
**`Creditors`**
`Amounts falling due within one year`
`11`
**`(1,313)`**
**`-`**
**`Net current assets`**
**`136,183`**
**`19,777`**
**`Total assets less current liabilities`**
**`136,399`**
**`19,904`**
**`NET ASSETS`**
**`136,399`**
**`19,904`**
**`Funds`**
`12`
`Unrestricted funds`
`Restricted funds`
**`Total funds`**|**`2022`**
**`Total`**
**`funds`**
**`£`**
**`216`**
**`127`**
**`343`**
**`3,350`**
**`15,440`**
**`138,483`**
**`157,273`**
**`(1,313)`**
**`155,960`**
**`156,303`**
**`156,303`**
**`136,399`**
**`19,904`**
**`156,303`**|**`2021`**
**`Total`**
**`funds`**
**`£`**
`1,080`
`127`| |---|---|---| |||`1,207`
`4,490`
`23,298`
`147,613`| |||`175,401`
`(1,113)`| |||`174,288`| |||`175,495`| |||`175,495`| |||`153,924`
`21,571`| |||`175,495`| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were signed on its behalf by: ``` ``` ............................................. Miss C Ulyatt - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS`** ## **`CLUBS`** ## **`Notes to the Financial Statements for the year ended 31 March 2022`** ## **`1. Accounting policies`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedinaccordance with the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statement of RecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS 102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUK and RepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost convention, with the exception of investments which are included at market value. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that expenditure,it is probablethata transferofeconomicbenefitswillbe requiredin settlementandtheamountofthe obligation canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ``` ``` Plant and machinery- 20% on cost and 15% on reducing balance ``` ## **`Stocks`** ``` Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`2.`** ## **`Other trading activities`** |`Competitions and fundraising`
`County Rally`
`County Ball`
`Jingle Ball`
`Other social events`
`Charity Ball`|**`2022`**
**`£`**
**`1,676`**
**`1,139`**
**`25,886`**
**`14,043`**
**`2,902`**
**`500`**
**`46,146`**|**`2021`**
**`£`**
`1,454`
`-`
`-`
`-`
`120`
`-`| |---|---|---| |||`1,574`| ``` Page 6 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Notes to the Financial Statements - continued`** ## **`for the year ended 31 March 2022`** ## **`3. Investment income`** ``` Bank deposit and investment account interest ``` |**`2022`**|**`2021`**| |---|---| |**`£`**|**`£`**| |**`10`**|`381`| ## **`4. Trustees' remuneration and benefits`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfortheyear ended 31 March 2021. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ``` ## **`5. Staff costs`** ``` The average monthly number of employees during the year was as follows: ``` ## `Administration` |**`2022`**|**`2021`**| |---|---| |**`1`**|`1`| ``` No employees received emoluments in excess of £60,000. ``` ``` Duringtheyear,thecharityemployedonefulltimememberofstaff(2021:one),whoundertakeworktomeetit's charitable objectives as well as performing administrative duties. ``` ## **`6.`** ## **`Comparatives for the statement of financial activities`** |**`Comparatives for the statement of financial activities`**|| |---|---| |**`Unrestricted`**
**`Restricted`**
**`fund`**
**`funds`**
**`£`**
**`£`**
**`Income and endowments from`**
**`Charitable activities`**
`Subscriptions`
`23,997`
`-`
`Organisation`
`10,672`
`-`
`Other trading activities`
`1,574`
`-`
`Investment income`
`381`
`-`
**`Total`**
`36,624`
`-`
**`Expenditure on`**
`Raising funds`
`2,554`
`-`
**`Charitable activities`**
`Subscriptions`
`245`
`-`
`Organisation`
`39,440`
`-`
**`Total`**
`42,239`
`-`
**`NET INCOME/(EXPENDITURE)`**
`(5,615)`
`-`|**`Total`**
**`funds`**
**`£`**
`23,997`
`10,672`
`1,574`
`381`| ||`36,624`
`2,554`
`245`
`39,440`| ||`42,239`| ||`(5,615)`| ``` Page 7 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Notes to the Financial Statements - continued for the year ended 31 March 2022`** ``` 6.Comparatives for the statement of financial activities - continued ``` |||**`Unrestricted`**|**`Restricted`**|**`Total`**| |---|---|---|---|---| |||**`fund`**|**`funds`**|**`funds`**| |||**`£`**|**`£`**|**`£`**| ||**`Reconciliation of funds`**|||| ||**`Total funds brought forward`**|`159,539`|`21,571`|`181,110`| ||**`Total funds carried forward`**|`153,924`|`21,571`|`175,495`| |**`7.`**|**`Tangible fixed assets`**|||| |||||**`Plant and`**| |||||**`machinery`**| |||||**`£`**| ||**`Cost`**|||| ||`At 1 April 2021 and 31 March 2022`|||**`15,868`**| ||**`Depreciation`**|||| ||`At 1 April 2021`|||**`14,788`**| ||`Charge for year`|||**`864`**| ||`At 31 March 2022`|||**`15,652`**| ||**`Net book value`**|||| ||`At 31 March 2022`|||**`216`**| ||`At 31 March 2021`|||`1,080`| |**`8.`**|**`Fixed asset investments`**|||| |||||**`Listed`**| |||||**`investments`**| |||||**`£`**| ||**`Market value`**|||| ||`At 1 April 2021 and 31 March 2022`|||**`127`**| ||**`Net book value`**|||| ||`At 31 March 2022`|||**`127`**| ||`At 31 March 2021`|||`127`| ``` There were no investment assets outside the UK. ``` ``` Page 8 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Notes to the Financial Statements - continued for the year ended 31 March 2022`** |**`9.`**|**`Stocks`**|||| |---|---|---|---|---| ||||**`2022`**|**`2021`**| ||||**`£`**|**`£`**| ||`Stocks`||**`3,350`**|`4,490`| |**`10.`**|**`Debtors: amounts falling due within one year`**|||| ||||**`2022`**|**`2021`**| ||||**`£`**|**`£`**| ||`Trade debtors`||**`8,648`**|`7,687`| ||`Other debtors`||**`4,386`**|`-`| ||`Prepayments`||**`2,406`**|`15,611`| ||||**`15,440`**|`23,298`| |**`11.`**|**`Creditors: amounts falling due within one year`**|||| ||||**`2022`**|**`2021`**| ||||**`£`**|**`£`**| ||`Trade creditors`||**`500`**|`500`| ||`Other creditors`||**`813`**|`613`| ||||**`1,313`**|`1,113`| |**`12.`**|**`Movement in funds`**|||| ||||**`Net`**|| ||||**`movement`**|| |||**`At 1/4/21`**|**`in funds`**|**`At 31/3/22`**| |||**`£`**|**`£`**|**`£`**| ||**`Unrestricted funds`**|||| ||`General fund`|**`153,924`**|**`(17,525)`**|**`136,399`**| ||**`Restricted funds`**|||| ||`Ald Herbert Jones bequest`|**`500`**|**`-`**|**`500`**| ||`NFYFC Jubilee Appeal`|**`127`**|**`-`**|**`127`**| ||`Stapleford Horse Society`|**`100`**|**`-`**|**`100`**| ||`Cash held for defunct clubs/regions`|**`6,884`**|**`(1,667)`**|**`5,217`**| ||`Equipment grant aid`|**`2,341`**|**`-`**|**`2,341`**| ||`County rally`|**`11,204`**|**`-`**|**`11,204`**| ||`Training grant`|**`320`**|**`-`**|**`320`**| ||`Youth forum`|**`95`**|**`-`**|**`95`**| |||**`21,571`**|**`(1,667)`**|**`19,904`**| ||**`TOTAL FUNDS`**|**`175,495`**|**`(19,192)`**|**`156,303`**| ``` Page 9 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Notes to the Financial Statements - continued for the year ended 31 March 2022`** ## **`12. Movement in funds - continued`** ``` Net movement in funds, included in the above are as follows: ``` ||**`Incoming`**|**`Resources`**|**`Movement`**| |---|---|---|---| ||**`resources`**|**`expended`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`61,378`**|**`(78,903)`**|**`(17,525)`**| |**`Restricted funds`**|||| |`Cash held for defunct clubs/regions`|**`-`**|**`(1,667)`**|**`(1,667)`**| |**`TOTAL FUNDS`**|**`61,378`**|**`(80,570)`**|**`(19,192)`**| |**`Comparatives for movement in funds`**|||| |||**`Net`**|| |||**`movement`**|| ||**`At 1/4/20`**|**`in funds`**|**`At 31/3/21`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`159,539`|`(5,615)`|`153,924`| |**`Restricted funds`**|||| |`Ald Herbert Jones bequest`|`500`|`-`|`500`| |`NFYFC Jubilee Appeal`|`127`|`-`|`127`| |`Stapleford Horse Society`|`100`|`-`|`100`| |`Cash held for defunct clubs/regions`|`6,884`|`-`|`6,884`| |`Equipment grant aid`|`2,341`|`-`|`2,341`| |`County rally`|`11,204`|`-`|`11,204`| |`Training grant`|`320`|`-`|`320`| |`Youth forum`|`95`|`-`|`95`| ||`21,571`|`-`|`21,571`| |**`TOTAL FUNDS`**|`181,110`|`(5,615)`|`175,495`| |`Comparative net movement in funds, included in the above are as follows:`|||| ||**`Incoming`**|**`Resources`**|**`Movement`**| ||**`resources`**|**`expended`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`36,624`|`(42,239)`|`(5,615)`| |**`TOTAL FUNDS`**|`36,624`|`(42,239)`|`(5,615)`| ``` Page 10 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Notes to the Financial Statements - continued for the year ended 31 March 2022`** ## **`12. Movement in funds - continued`** ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |||**`Net`**|| |---|---|---|---| |||**`movement`**|| ||**`At 1/4/20`**|**`in funds`**|**`At 31/3/22`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`159,539`|`(23,140)`|`136,399`| |**`Restricted funds`**|||| |`Ald Herbert Jones bequest`|`500`|`-`|`500`| |`NFYFC Jubilee Appeal`|`127`|`-`|`127`| |`Stapleford Horse Society`|`100`|`-`|`100`| |`Cash held for defunct clubs/regions`|`6,884`|`(1,667)`|`5,217`| |`Equipment grant aid`|`2,341`|`-`|`2,341`| |`County rally`|`11,204`|`-`|`11,204`| |`Training grant`|`320`|`-`|`320`| |`Youth forum`|`95`|`-`|`95`| ||`21,571`|`(1,667)`|`19,904`| |**`TOTAL FUNDS`**|`181,110`|`(24,807)`|`156,303`| ``` A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ``` ||**`Incoming`**|**`Resources`**|**`Movement`**| |---|---|---|---| ||**`resources`**|**`expended`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`98,002`|`(121,142)`|`(23,140)`| |**`Restricted funds`**|||| |`Cash held for defunct clubs/regions`|`-`|`(1,667)`|`(1,667)`| |**`TOTAL FUNDS`**|`98,002`|`(122,809)`|`(24,807)`| ``` Details of each fund are as follows: ``` ``` The Ald HerbertJones Bequest,NFYFC Jubilee Appeal and StaplefordHorse Societyall relate to money receivedin the past to be held by the charity until a time when funds are needed in an emergency. ``` ``` Cash held for defunct clubs/regions,relates to monies received when clubs have folded. The charityreceivesany money left over andholdsitincasethedefunctclubisreformed.Thecharitycanusethismoneyafter6years,howeverbasedonpast history they choose to hold it for longer. ``` ``` The YouthForumwasestablishedforthe youngermembersof the club.The aim wasto try to encouragethe younger members to take a more involvedrole and alsoto increaseand maintainthis areaof the charitiesmembership.The Youthforumnot only arranges meetings for the younger members but also operates activity days and weekends, which also help develop their skills. ``` ``` The County Rally has its own management team monitoring the income and expenditure ``` ``` Page 11 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ``` Notes to the Financial Statements - continued for the year ended 31 March 2022 ``` ## **`13. Related party disclosures`** ``` There were no related party transactions for the year ended 31 March 2022. ``` ``` Page 12 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Detailed Statement of Financial Activities for the year ended 31 March 2022`** |**`Income and endowments`**
**`Other trading activities`**
`Competitions and fundraising`
`County Rally`
`County Ball`
`Jingle Ball`
`Other social events`
`Charity Ball`
**`Investment income`**
`Bank deposit and investment account interest`
**`Charitable activities`**
`Subscriptions`
`Organisation`
`Grants`
`Sundry`
**`Total incoming resources`**
**`Expenditure`**
**`Raising donations and legacies`**
`Competitions and fundraising`
`County rally`
`County ball`
`Lincolnshire show`
`Jingle ball`
`Club supplies`
`Competitions`
`Other social events`
`Charity ball`
**`Other trading activities`**
`Opening alcohol stock`
`Opening County Merch stock`
`Closing alcohol stock`
`Closing County Merch stock`|**`2022`**
**`£`**
**`1,676`**
**`1,139`**
**`25,886`**
**`14,043`**
**`2,902`**
**`500`**
**`46,146`**
**`10`**
**`8,623`**
**`1,072`**
**`5,403`**
**`124`**
**`15,222`**
**`61,378`**
**`88`**
**`2,411`**
**`22,204`**
**`-`**
**`11,084`**
**`86`**
**`264`**
**`2,867`**
**`-`**
**`39,004`**
**`2,240`**
**`1,750`**
**`(1,450)`**
**`(1,400)`**
**`1,140`**|**`2021`**
**`£`**
`1,454`
`-`
`-`
`-`
`120`
`-`| |---|---|---| |||`1,574`
`381`
`30,187`
`-`
`4,402`
`80`| |||`34,669`| |||`36,624`
`1,454`
`-`
`-`
`142`
`-`
`61`
`-`
`32`
`350`| |||`2,039`
`2,755`
`1,750`
`(2,240)`
`(1,750)`| |||`515`| ``` This page does not form part of the statutory financial statements ``` ``` Page 13 ``` ## **`LINCOLNSHIRE FEDERATION OF YOUNG FARMERS CLUBS`** ## **`Detailed Statement of Financial Activities for the year ended 31 March 2022`** |**`Other trading activities`**
**`Charitable activities`**
`Organiser and other salaries`
`Travelling`
`Training`
`County AGM expenditure`
**`Support costs`**
**`Governance costs`**
`Rent`
`Insurance`
`Telephone`
`Postage and stationery`
`Accountancy`
`Membership cards`
`Repairs and renewals`
`Sundry expenses`
`NFYFC levies`
`Bank charges`
`Handbook`
`Defunct club funding`
`Plant and machinery depreciation`
`Total resources expended`
**`Net expenditure`**|**`2022`**
**`£`**
**`19,752`**
**`1,056`**
**`959`**
**`242`**
**`22,009`**
**`900`**
**`3,154`**
**`817`**
**`598`**
**`1,518`**
**`-`**
**`132`**
**`708`**
**`7,314`**
**`-`**
**`745`**
**`1,667`**
**`864`**
**`18,417`**
**`80,570`**
**`(19,192)`**|**`2021`**
**`£`**
`18,208`
`510`
`-`
`154`| |---|---|---| |||`18,872`
`1,200`
`3,853`
`725`
`183`
`720`
`245`
`24`
`29`
`12,884`
`86`
`-`
`-`
`864`| |||`20,813`| |||`42,239`| |||`(5,615)`| ``` This page does not form part of the statutory financial statements ``` ``` Page 14 ```