BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024
M
KENNETH MORRIS LIMITED 1 Aston Court Bromsgrove Technology Park Bromsgrove Worcestershire B60 3AL
BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB INDEX FOR THE YEAR ENDED 31ST AUGUST 2024 Trustees report Trustees Responsibilities Income & Expenditure Report Net Assets Statement Notes Accountsnts Report
BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 AUGUST 2023 Registered number The Charivs registered number is 515948 Principle address Shires Farm Hawford Worcester WR3 7SG Trustee S Ashwin Committee Ollie Raybould Chaiman S Ashwin Treasurer Overview The Bromsgrove and District Young Farmers Club is a charty registered with the Charities Commission and is governed by its constitution which was adopted on 30 September 1961. The constitution requires that the Trustees are appointed annually by the club's members. Objectives and activities The chariws objectives are to advance the education of young members of the public at large in agriculture, home crafts, country life and related subjects and in the interest of social welfare of such members to provide and promote the provision of facilities for recreation and other leisure occupations. being facilities which will improve their conditions of life and will assist in the development of their spiritual and mental capacities, self-reliance and individual responsibility SO that they may grow to full maturity as individuals and members of the community. Achievement and perfomiance The charity has pursued its objectives by holding social activities and training and by entering relevant competitons. The net receipts for the year are shown on Page 3. In planning the activities for the year. the Trustees have kept in mind the Charity Commission's guidance on public benefit. Reserves policy The Trustees would like to maintain the liquid reserves and any surplus will automatically be put back into reserves and hence become available for the satisfaction of its charitable objectives Risk review The Trustees are constantly reviewing the major risks to which the charity is exposed and systems and policies have been implemented to mitigate these risks. Page 1
BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB STATEMENT OF TRUSTEES RESPONSIBILITIES We are required under the constitution of the club to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the club and of the surplus or deficit of the club for that period. In preparing those financial ststement, we are required to.. Select suitable accounting policies and apply them consistently. Make reasonable and prudentjudgements and estimates Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the club will continue to pursue its objects. We are also responsible for: Keeping proper accounting records. Safeguarding the club's assets. Taking reasonable steps towards the prevention and detection of fraud. On behalf of the Trustees.. frElosI 25 Mr Ollie Raybould Date: Page 2
BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST AUGUST 2024 Note 2024 2023 INCOME Membership & Donations 1,116 5,060 Net Income from: Dances & Social events Sale of clothing Bank interest 34,536 1,050 182 22,597 1,355 200 35.768 24,152 36,884 29,212 LESS EXPENDITURE Competitions and shows Dance and social events County levies. membership and insurance Club Clothing Rally Exps - 1110412024 Room Hire for meetings Accountant Fee (2022-23) Bank Charges Charity Donation Sundry ( Disco Deposit 2023124) Club trophy purchaseslRepairs 631 11,938 3.017 537 599 341 6,564 2,276 4,655 780 80 354 139 1,383 120 816 100 700 19.298 15,732 19.298 15,732 (Deficit)ISurplus for the year 17,586 13,480 Page 3
BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB STATEMENT OF ASSETS AS AT 31ST AUGUST 2024 2024 2023 Fixed Assets Cup Container Security feneing 1,860 581 250 2.691 1,860 581 250 2,691 CURRENT ASSETS HSBC Virgin Money Prepayment Cash in hand 38,840 11,926 22572 11,896 2,354 53,120 1,066 35,534 CURRENT LIABILITIES LoanslProvision for donations agreed 55,811 38.225 Represented By: SURPLUS FUND ACCOUNT Balance Brought Foard 38,225 24,745 (Deficitllsurplus for the year 17,586 13,480 Balance carried forward 55,811 38,225 These flnanclal statements were approved on xx June 2025 and signed on behalf of th8 Tru$t8es by.. Scarlett Ashwn Trustee Page 4
8ROMSGROVE AND DISTRICT YOUNG FARMERS CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 Dances & Social events General events Harvest Supper Foot Cracker Carol Singing Auction Promise Valentine Ball Net Income 2,960 539 160 345 3,190 15,404 22,598 127 1,324 723 540 19,883 22,597 Salo of Clothln Hoodies Rally ShortslTops 585 770 513 Net Income 513 1.355 Bank interest HSBC Virgin Money 153 29 83 117 Net Income 182 200 Page 5
BROMSGROVE AND DISTRICT YOUNG FARMERS CLUB Independent examiner's report to the trnsttts o( Bromsgrove Young FarDer$ Club I report to the charity Injslees on my examination of the accounts of Bromsgrove Young Farmèrs Club for the year ended 31 August 2024. Responsibilitie5 and basi$ of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wlh the Tequirements of the ChaTlties Act 2011 (kne ACVI. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying Out my examination I have followed all appllcable Directions given by the Charity Comfflission under Section 14515llbl of the Act IDdeptndent exarniller's statement Since your charity's gross income exceeded £25,DOO your examiner must be a member of a listed body. I can confim that l am qualified to undertake the examlnation because l am a ember of the Instslute of Chartered A¢countsnts in England and Wales, which is one of the listed bodies I have completed my exarninalion. I confirni that no material rnatters have come lo my attention in connection with the examination giving me cause to believe that in any matsrial respect: accounting records were not kept in respect of the Trust as requirad by Section 130 of the Act", or the accoLJnts do not acr with those records,. or the accounts do not comply with the applicablè requirements concerning the form and content of accounts s¢t out in the Charities (Accounts and Reports} Regulations 2008 otheT than any requirement that the a¢¢ounls give a true and fair vièw which is not 8 matter Considered as part of an independent examin8ti0n. I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable 8 proper understanding of the a¢¢ounts lo be reached. KENNETH MORRIS LIMITED Reporting Accountants 1 Aston Court Bromsgrove Technology Park Bromsgrove Worcestershire B60 3AL Date.. 29 April 2025 Page 6
Bromsgrove & District Young Farmers Club Worcestershire Federation of Young Farmers, Clubs Shires Farm Worcester Worcestershire WR3 7SG Kenneth Morris Limited Chartered Accountants l Aston Road Bromsgrove Technology Park Bromsgrove Worcestershire B60 3AL 29 April 2025 Dear Sirs During the course of your preparation of our financial statetnents for the period ending 31 August 2024, the following representations were rnade to you by management and Trustees We acknowledge as Trustees our responsibilities under the Charities Act 2011 for making accurate representations to you and for the accounts which you have prepared for the club. We confirni that all the accounting records have been made available to you for the purpose of your preparation of our financial statements, in accordance with your temis of engagement, and all the transactions undertaken by the club have been properly reflected and recorded in the accounting records. All other records and related inforn]ation, including minutes of all management and committee meetings, have been made available to you. We have provided any additional inf0mtIOn that you have requested. We confirni that the club had no liabilities or contingent liabilities other than those disclosed in the accounts. We confinn that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statement, other than those already disclosed or included in the financial statements. We confirm that the tangible assets held by the club are adequately insured. We confirnl that the club has had, at no time during the period, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans, or credit transactions) for Trustees, nor to guarantee nor provide security for such matters, except as already disclosed in the financial statements.
We confirni that the club has not contracted for any capital expenditure other than as disclosed in the financial statements. We confTh we are not aware of any possible or actual instance of non- compliance with those laws and regulations which provide a legal framework within which the club conducts its business and which are central to the club's ability to conduct its busAness except as disclosed to you and as disclosed in the fmancial ststements. We acknowledge our responsibility for the design and implementation of controls to prevent and detect fraud. 10 We confinn that there have been no actual or suspected instances of fraud involving management or employees who have a significant role in internal control or that could have a material effect on the fmancial statements. We also confirn] that we are not aware of any allegations of fraud by fornier employees, regulators or others. I I We confirni that, in our opinion, the club is a going concem. 'Ji 12 We Confinn that the club meets the requirements for exemptions from corporation tax or VAT liabilities. 13 We confirni that all related party transactions with Trustees and participating interests are considered to bc under nornial market conditions. We confirni that we are aware that a related party of th¢ club is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the club or vice versa and as a result will include: Trustees, other key managemenL close family and other business interests of the previous. 14 We confimi the following specific representations made to you during the course of your work: Fixed assets exist and are in good working order Money held at Virgin Bank in the Club's name Cash in hand as counted and verified by the committee 2,691 11,926 2,354 We confirni that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and expertise (and, where appropriate, of supporting documentation) sufficient to satisfy ourselves that w¢ can properly make each of the above representations to you and that to the best of our knowledge and belief they accurately reflect the representations made to you by the Trustees during the course of your work. Yours faithfully Signed on behalf of the Board of Trustees by: 12 Director Date