## **HEREFORDSHIRE FEDERATION OF YOUNG FARMERS' CLUBS** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** 

Charity Registration Number: 520998 



**Herefordshire Federation of Young Farmers' Clubs Reference and Administrative Information** 

**Name** Herefordshire County Federation of Young Farmers' Clubs **Other names** Herefordshire Federation of Young Farmers' Clubs HFYFC **Registered number** 520998 **Registered address** YFC Centre Beech Business Park Tillington Road Hereford HR4 9QJ **President** Mr Max Jenman **Chair of Executive Committee** Miss Imi Manning **Vice - Chair of Executive Committee** Miss Annabel Beaumont **Chair of Management Committee** Mr Robin Knott **Treasurer** Mrs Heather Hadley **Trustees To 16 January 2023 From 16 January 2023** Miss B Anthony Miss A Beaumont Mrs P James Mrs W Davies Miss L Legge Mrs H Farndon Miss I Manning Miss L Legge Mrs A Rees Miss I Manning Mrs R Wall Mrs R Wall Mr A Baker Mr A Baker Mr R Knott Mr R Knott Mr S Rogers Mr T Richards Mr S Rogers **Custodian Trustees** Mr N Evans Mr R Knott Mr C Mayson **Bankers** HSBC plc. CAF Bank Ltd Scottish Widows Bank 35 High Town 25 Kings Hill Avenue PO Box 883 Hereford Kings Hills Leeds HR1 2AQ West Malling LS1 9TY Kent Lloyds Bank plc ME19 4JQ 8 High Town Hereford HR1 2AE **Independent examiner** M. A. Williams Accountancy Ltd 7 Cottons Meadow Kingstone Hereford HR2 9EW 

1 



## **Herefordshire Federation of Young Farmers' Clubs Report of the Trustees for the year ended 31 August 2023** 

The trustees present their report and financial statements for the Federation for the year ending 31 August 2023. These have been prepared in accordance with the governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 

## **Structure, governance and management** 

The charity was established by a constitution adopted in 1960 and adopted a new constitution on 3 September 2007, which was amended on 16 April 2012 

The Management Committee, who are the trustees of the Federation, are appointed as follows: 

- No more than seven, and no less than three, persons elected by the Executive Committee 

- Chair and Vice Chair of the Executive Committee 

- Line Manager 

- The following attend meetings of the management committee without voting rights and are not trustees of the Federation 

   - Retiring chair of the Executive Committee 

   - Retiring chair of the Management Committee 

   - Treasurer 

The Management Committee appoints Holding Trustees to act as custodian trustees, who hold that office at the pleasure of the Management Committee. 

The Executive Committee is appointed as follows: 

- Member clubs elect two persons to the Executive Committee 

- Up to six members are co-opted by the Executive Committee 

- Representatives of grant making and other bodies may be co-opted to the Executive, provided that the total number of co-options does not exceed seventeen. 

- The following are ex-officio members of the Executive Committee 

   - President and Vice-Presidents of the Federation 

   - Chairs of the sub-committees of the Executive Committee and the Management Committee 

   - Line Manager 

   - Treasurer 

   - Retiring chairman of the Executive Committee 

   - Custodian trustees as appointed by the Management Committee 

All of the above serve on the Executive Committee for one year and are eligible for re-election, except custodian trustees who hold office for such time as the Management Committee determines 

The trustees have considered the major risks to which the Federation is exposed and are satisfied that adequate steps have been taken to minimise exposure to such risks 

## **Objectives and activities** 

The objects of the Federation are 

- To advance the education of young members of the public at large in agriculture, home crafts, country life and 

- a) related subjects 

- b) To provide and promote the provision of facilities for recreation and other leisure-time 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 

## **Achievements and performance** 

The Annual Report details the activities undertaken by the Federation during the year. These activities benefit the public through the organisation of competitions and events and the skills that members learn in taking part in those competitions and events. 

## **Financial review and policies** 

The financial statements detail the financial performance of the Federation during the year 

The trustees: 

- have wide powers of investment 

- have adopted a policy to invest any surplus income and to ensure that the Federation has sufficient reserves to meet its commitments for the forthcoming year 

- [have given due consideration to the Charity Commission’s published guidance on the Public Benefit ] requirement under the Charities Act 2011. 

2 



## **Independent Examiner's Report on the Financial Statements** 

## **Report to the trustees of** 

HEREFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS' CLUBS 

**Registered charity number** 520998 **On accounts for the year ended Set out on pages** 4 TO 11 

31 AUGUST 2023 

**Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions 

- - given by the Charity Commission (under section 145(5)(b) of the Charities Act), and 

- to state whether particular matters have come to my i 

**Basis of independent examiner's report** 

**Independent examiner's statement** 

My examination was carried out in accordance with General Directions given by the Charity Commission.  An examination includes a review of 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements 

   - to keep accounting records in accordance with 

   - - section 130 of the Act; and to prepare accounts which accord with the 

   - - accounting records and comply with the accounting requirements of the Charities Act have not been 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **Name** 

**Relevant professional qualification** 

## **Address** 

M. A. Williams Accountancy Ltd 

## MAAT 

- 7 Cottons Meadow, Kingstone, Hereford, HR2 9EW 

3 



## **Independent Examiner's Report on the Financial Statements** 

HEREFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS' **Report to the trustees of** CLUBS **Registered charity number** 520998 **On accounts for the year ended** 31 AUGUST 2023 **Set out on pages** 4 TO 11 

**Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions 

- - given by the Charity Commission (under section 145(5)(b) of the Charities Act), and 

- - to state whether particular matters have come to my 

i 

**Basis of independent examiner's report** 

## **Independent examiner's statement** 

- My examination was carried out in accordance with general Directions given by the Charity Commission.  An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.  It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.  The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in any material respect the requirements 

      - to keep accounting records in accordance with 

   - section 130 of the Act; andp p accounting records and comply with the accounting 

   - - requirements of the Charities Act have not been met; or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be 

## **Name** 

M. A. Williams Accountancy Ltd 

## **Relevant professional qualification** 

## **Address** 

## MAAT 

7 Cottons Meadow, Kingstone, Hereford, HR2 9EW 

3 



## **Herefordshire Federation of Young Farmers' Clubs Statement of Financial Activities for the year ended 31 August 2023** 

|Unrestricted<br>funds<br>2023<br>Note<br>£<br>**INCOME FROM:**<br>2<br>Voluntary income<br>6,285<br>YFC activities and events<br>67,111<br>Other incoming resources<br>17,019<br>Membership<br>4,258<br>Investments<br>831<br>95,504<br>**EXPENDITURE ON:**<br>3<br>Staff and volunteers<br>14,494<br>YFC activities and events<br>31,605<br>Cost of the YFC programme<br>6,995<br>Equipping and running the YFC Centre<br>26,421<br>Governance costs<br>1,904<br>Other costs<br>1,169<br>82,588<br>**NET INCOME / (EXPENDITURE) AND**<br>**NET MOVEMENT IN FUNDS**<br>4<br>12,916<br>**RECONCILIATION OF FUNDS**<br>TOTAL FUNDS BROUGHT FORWARD<br>142,643<br>**TOTAL FUNDS CARRIED FORWARD**<br>155,559|Unrestricted<br>funds<br>2023<br>Note<br>£<br>**INCOME FROM:**<br>2<br>Voluntary income<br>6,285<br>YFC activities and events<br>67,111<br>Other incoming resources<br>17,019<br>Membership<br>4,258<br>Investments<br>831<br>95,504<br>**EXPENDITURE ON:**<br>3<br>Staff and volunteers<br>14,494<br>YFC activities and events<br>31,605<br>Cost of the YFC programme<br>6,995<br>Equipping and running the YFC Centre<br>26,421<br>Governance costs<br>1,904<br>Other costs<br>1,169<br>82,588<br>**NET INCOME / (EXPENDITURE) AND**<br>**NET MOVEMENT IN FUNDS**<br>4<br>12,916<br>**RECONCILIATION OF FUNDS**<br>TOTAL FUNDS BROUGHT FORWARD<br>142,643<br>**TOTAL FUNDS CARRIED FORWARD**<br>155,559|Designated<br>funds<br>2023<br>£<br>-<br>-<br>-<br>-<br>-|Restricted<br>funds<br>2023<br>£<br>-<br>-<br>-<br>-<br>-|**Total**<br>**funds**<br>**2023**<br>£<br>6,285<br>67,111<br>17,019<br>4,258<br>831|**Total**<br>**funds**<br>**2022**<br>£<br>4,548<br>63,193<br>3,252<br>1,639<br>75|
|---|---|---|---|---|---|
||95,504|-|-|95,504|72,707|
||14,494<br>31,605<br>6,995<br>26,421<br>1,904<br>1,169|-<br>-<br>-<br>347<br>-<br>-|-<br>-<br>786<br>-<br>-<br>-|14,494<br>31,605<br>7,781<br>26,768<br>1,904<br>1,169|17,241<br>26,066<br>11,905<br>14,552<br>1,955<br>688|
||82,588|347|786|83,721|72,407|
|||||||
||12,916<br>142,643|(347)<br>9,610|(786)<br>83,902|11,783<br>236,155|300<br>235,855|
||155,559|9,263|83,116|247,938|236,155|



4 



## **Herefordshire Federation of Young Farmers' Clubs Balance Sheet as at 31 August 2023** 

|Note<br>**FIXED ASSETS**<br>Tangible assets<br>8<br>Intangible assets<br>9<br>Investments<br>10<br>**CURRENT ASSETS**<br>Stock<br>11<br>Debtors<br>12<br>Cash at bank and in hand<br>13<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**<br>**YEAR**<br>14<br>**NET CURRENT ASSETS**<br>**NET ASSETS**<br>**FUNDS OF THE CHARITY**<br>15<br>**Unrestricted income funds**<br>General funds<br>Designated funds<br>**Restricted income funds**<br>**TOTAL CHARITY FUNDS**|£<br>£<br>£<br>£<br>91,101<br>92,768<br>599<br>779<br>85,220<br>84,714<br>176,920<br>178,261<br>3,053<br>2,129<br>17,294<br>2,153<br>65,154<br>63,011<br>85,501<br>67,293<br>(14,483)<br>(9,399)<br>71,018<br>57,894<br>247,938<br>236,155<br>155,559<br>142,643<br>9,263<br>9,610<br>83,116<br>83,902<br>247,938<br>236,155<br>2023<br>2022|£<br>£<br>£<br>£<br>91,101<br>92,768<br>599<br>779<br>85,220<br>84,714<br>176,920<br>178,261<br>3,053<br>2,129<br>17,294<br>2,153<br>65,154<br>63,011<br>85,501<br>67,293<br>(14,483)<br>(9,399)<br>71,018<br>57,894<br>247,938<br>236,155<br>155,559<br>142,643<br>9,263<br>9,610<br>83,116<br>83,902<br>247,938<br>236,155<br>2023<br>2022|
|---|---|---|
|||178,261<br>57,894|
||85,501<br>(14,483)||
||||
|||236,155|
|||142,643<br>9,610<br>83,902|
|||236,155|



5 



**Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2023** 

**1 ACCOUNTING POLICIES** 

## **Accounting convention** 

The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the financial statements. 

The financial statements are prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 (the SORP), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. 

The charity is a public benefit entity as defined by the SORP. 

## **Income** 

Income is recognised in the period in which they become receivable, which is when the trustees deem that they have become entitled to the resource with reasonable certainty and they are reliably measurable. 

Income received for the general purposes of the charity are recognised as unrestricted funds. Income received under restrictions placed under the terms of the receipt of the resource are recognised as restricted funds. 

Donated services and facilities are included in income (with an equivalent amount in expenditure) when the benefit to the charity is reasonably quantifiable, measurable and material, and valued at the estimated value to the charity of the service or facility received. 

Income is grouped using a natural classification without apportionment. 

The value of voluntary help received is not included in the financial statements but is described in the Annual Report 

## **Expenditure** 

Expenditure is recognised in the period in which a legal or constructive obligation arises which commits the charity to pay out resources. 

Expenditure which relates to the preparation and examination of statutory accounts, meetings of trustees or legal advice relating to governance or constitutional matters are recognised as governance costs. 

All other expenditure has been grouped using a natural classification, without apportionment. 

## **Fixed assets** 

Fixed assets are recognised at their purchase cost less accumulated depreciation. It is the policy of the trustees to capitalise tangible fixed assets when their purchase cost exceeds £100. 

Depreciation and amortisation are calculated to write off the cost of fixed assets less their estimated residual value over their useful lives. Depreciation is provided on equipment using the following rates: Equipment 5 years straight line Fixtures 10 years straight line 

No depreciation is provided on freehold land. The trustees consider that freehold buildings are maintained to a standard such that their residual value is greater that their cost. For these reasons the trustees believe that freehold buildings should not be depreciated as any depreciation charged would not be material. 

Amortisation of intangible assets is provided on the straight line basis over 5 years. 

Investments are recognised at their market value. 

## **Stocks** 

Stocks are stated at the lower of cost and net realisable amount. 

6 



**Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2023** 

**1 ACCOUNTING POLICIES (continued)** 

## **Financial instruments** 

The charity holds basic financial instruments only. Basic financial instruments are recognised and subsequently measured as set out in Module 11 of the SORP. 

## **Funds** 

Unrestricted funds are those which can be applied for the charitable objects of the charity. 

Designated funds are those which can be applied for the charitable objects of the charity, but have been set aside for a specific purpose or purposes. 

Restricted funds are those which can be applied for particular restricted charitable objects of the charity. Restrictions may be placed by the donor or grantor when funds are raised, donated or granted for specific purposes. 

## **2 INCOME** 

|**Unrestricted general funds**<br>Grants<br>Donations<br>Sponsorship<br>Membership<br>Events<br>Other activities<br>Hire of facilities<br>Other income<br>Investment income<br>**Designated funds**<br>Donations<br>**Restricted funds**<br>Grants<br>**Total**|Voluntary<br>income<br>£<br>-<br>100<br>6,185<br>-<br>-<br>-<br>-<br>-<br>-<br>6,285<br>-<br>-<br>6,285|YFC<br>activities<br>and events<br>£<br>-<br>-<br>-<br>-<br>57,122<br>9,989<br>-<br>-<br>-<br>67,111<br>-<br>-<br>67,111|Other<br>income<br>£<br>-<br>-<br>-<br>-<br>-<br>461<br>4,423<br>12,135<br>-<br>17,019<br>-<br>-<br>17,019|Income from<br>members<br>and<br>investments<br>-<br>-<br>-<br>4,258<br>-<br>-<br>-<br>-<br>831<br>5,089<br>-<br>-<br>5,089|2023<br>£<br>-<br>100<br>6,185<br>4,258<br>57,122<br>10,450<br>4,423<br>12,135<br>831<br>95,504<br>-<br>-<br>95,504|2022<br>£<br>-<br>948<br>3,600<br>1,639<br>53,255<br>9,938<br>3,232<br>20<br>75|
|---|---|---|---|---|---|---|
|||||||72,707|
|||||||-|
|||||||-|
|||||||72,707|



7 



**Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2023** 

**3 EXPENDITURE** 

|Staff<br>costs<br>Events and<br>activities<br>Other costs<br>Depreciation<br>and<br>amortisation<br>£<br>£<br>£<br>£<br>**Unrestricted general funds**<br>Staff and volunteers<br>10,354<br>-<br>4,140<br>-<br>YFC activities and events<br>-<br>31,605<br>-<br>-<br>Cost of the YFC programme<br>-<br>6,306<br>509<br>180<br>-<br>-<br>24,299<br>2,122<br>Governance costs<br>-<br>-<br>1,904<br>-<br>Other costs<br>-<br>-<br>1,169<br>-<br>10,354<br>37,911<br>32,021<br>2,302<br>**Designated funds**<br>Competitor expenses<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>347<br>-<br>-<br>-<br>347<br>**Restricted funds**<br>Staff costs<br>-<br>-<br>-<br>-<br>Other costs<br>-<br>786<br>-<br>-<br>-<br>786<br>-<br>-<br>**Total**<br>10,354<br>38,697<br>32,021<br>2,649<br>**4**<br>**NET MOVEMENT IN FUNDS**<br>The net movement in funds is stated after charging:<br>Staff costs<br>Amounts payable to independent examiner<br>Depreciation of owned tangible fixed assets<br>Amortisation of owned intangible fixed assets<br>**5**<br>**TRUSTEE EXPENSES AND TRANSACTIONS WITH RELATED PARTIES**<br>Number of trustees to whom expenses were payable<br>Total trustee expenses<br>Equipping and running the<br>YFC Centre<br>Equipping and running the<br>YFC Centre|2023<br>£<br>14,494<br>31,605<br>6,995<br>26,421<br>1,904<br>1,169<br>82,588<br>-<br>347<br>347<br>-<br>786<br>786<br>83,721<br>2023<br>£<br>10,354<br>450<br>2,469<br>180<br>2023<br>No.<br>2<br>2023<br>£<br>1,750|2022<br>£<br>17,241<br>26,066<br>7,289<br>14,366<br>1,955<br>688|
|---|---|---|
|||67,605|
|||-<br>186|
|||186|
|||-<br>4,616|
|||4,616|
|||72,407|
|||2022<br>£<br>13,481<br>432<br>2,866<br>120|
|||2022<br>No.<br>2|
|||2022<br>£<br>1,192|



The expenses are in respect of travelling and out of pocket expenses. Trustees received no remuneration in the current or preceding year. 

Trustees, members of committees and volunteers were reimbursed costs of events and activities undertaken in the normal course of activities of the Federation. 

8 



**6 STAFF COSTS** 

## **Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2023** 

|**6**<br>**STAFF COSTS**|||
|---|---|---|
|Wages and salaries<br>Social security costs (net of employment allowance)<br>Other pension costs|2023<br>£<br>10,181<br>-<br>173<br>10,354|2022<br>£<br>13,300<br>-<br>181|
|||13,481|



The average numbers of persons employed by the charity during the year was 1 (2022 - 1). All employees are primarily engaged in charitable activities. 

No employee earned more than £60,000 in the current or preceding year. 

The charity contributed to the money purchase pension scheme of its employee. There were no contributions outstanding at the end of the year (2022 £Nil). 

**7 GOVERNANCE COSTS** 

|Expenditure relating to meetings of trustees<br>Trustee liability insurance<br>Independent examination of the accounts<br>Professional fees, including maintenance of accounting records and data protection<br>**8**<br>**TANGIBLE FIXED ASSETS**<br>Land &<br>Buildings<br>Equipment<br>£<br>£<br>**Net book value**<br>At 1 September 2022<br>82,636<br>4,606<br>Additions<br>-<br>802<br>Depreciation<br>-<br>(1,744)<br>At 31 August 2023<br>82,636<br>3,664|2023<br>£<br>1,151<br>303<br>450<br>-<br>1,904<br>Fixtures<br>£<br>5,526<br>-<br>(725)<br>4,801|2022<br>£<br>1,193<br>330<br>432<br>-|
|---|---|---|
|||1,955|
|||Total<br>£<br>92,768<br>802<br>(2,469)|
|||91,101|



All tangible fixed assets are primarily used for charitable purposes. 

## **9 INTANGIBLE FIXED ASSETS** 

|**Net book value**<br>At 1 September 2022<br>Additions<br>Amortisation<br>At 31 August 2023|Website<br>£<br>779<br>-<br>(180)|
|---|---|
||599|



All intangible fixed assets are primarily used for charitable purposes. 

9 



**10 FIXED ASSET INVESTMENTS AND INVESTMENT INCOME** 

## **Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2023** 

|Cash equivalents on deposit|2023<br>£<br>85,220|2022<br>£<br>84,714|
|---|---|---|



The investment is unquoted and in the form of deposits with financial institutions in the United Kingdom which cannot be converted to cash without notice. The charity's investment income arises entirely from interest on cash in these deposits and on deposits disclosed in cash at bank and in hand. 

|**11**<br>**STOCKS**<br>Branded goods<br>Consumables|2023<br>£<br>2,022<br>1,031<br>3,053|2022<br>£<br>1,527<br>602|
|---|---|---|
|||2,129|



Consumables include postage and stationery, heating oil and items used for competions and events. 

|**12**<br>**DEBTORS**<br>Trade debtors<br>Prepayments and accrued income<br>Other debtors<br>**13**<br>**CASH AT BANK AND IN HAND**<br>Cash in hand<br>Cash at bank<br>Cash at bank is held with banks and building societies in the United Kingdom.<br>**14**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN DUE YEAR**<br>Trade creditors<br>Accruals and deferred income<br>Taxation and social security<br>Other creditors<br>No amounts relate to restricted funds in the current or prior year.|2023<br>£<br>313<br>4,796<br>12,185<br>17,294<br>2023<br>£<br>296<br>64,858<br>65,154<br>2023<br>£<br>6,221<br>8,173<br>-<br>89<br>14,483|2022<br>£<br>1,055<br>986<br>112|
|---|---|---|
|||2,153|
|||2022<br>£<br>299<br>62,712|
|||63,011|
|||2022<br>£<br>1,904<br>5,743<br>263<br>1,489|
|||9,399|



No amounts relate to restricted funds in the current or prior year. 

10 



## **Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2023** 

## **15 FUNDS OF THE CHARITY** 

|**Current year**<br>**General - unrestricted**<br>**Designated - unrestricted**<br>Competitors Expenses Fund<br>**Total designated funds**<br>**Restricted**<br>Headquarters Fund<br>**Total restricted funds**<br>**TOTAL FUNDS**<br>**Prior year**<br>**General - unrestricted**<br>**Designated - unrestricted**<br>Competitors Expenses Fund<br>**Total designated funds**<br>**Restricted**<br>Headquarters Fund<br>**Total restricted funds**<br>**TOTAL FUNDS**<br>Chairman's Ball Fund<br>The Prince's Countryside Fund<br>The Prince's Countryside Fund<br>Chairman's Ball Fund|At 1<br>September<br>2022<br>£<br>142,641<br>535<br>9,075<br>9,610<br>81,193<br>2,709<br>83,902<br>236,153<br>At 1<br>September<br>2021<br>£<br>137,541<br>535<br>9,261<br>9,796<br>81,193<br>7,325<br>88,518<br>235,855|Income<br>£<br>95,504<br>-<br>-<br>-<br>-<br>-<br>-<br>95,504<br>Income<br>£<br>72,705<br>-<br>-<br>-<br>-<br>-<br>-<br>72,705|Expenditure<br>£<br>(82,588)<br>-<br>(347)<br>(347)<br>-<br>(786)<br>(786)<br>(83,721)<br>Expenditure<br>£<br>(67,605)<br>-<br>(186)<br>(186)<br>-<br>(4,616)<br>(4,616)<br>(72,407)|Transfers<br>between<br>funds<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>Transfers<br>between<br>funds<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|At 31<br>August<br>2023<br>£<br>155,557<br>535<br>8,728|
|---|---|---|---|---|---|
||||||9,263<br>81,193<br>1,923|
||||||83,116|
||||||247,936|
||||||At 31<br>August<br>2022<br>£<br>142,641<br>535<br>9,075|
||||||9,610<br>81,193<br>2,709|
||||||83,902|
||||||236,153|



The Competitors Expenses Fund was designated from monies received as penalties from members, and is used for funding expenses incurred by competitors in competition finals. 

The Headquarters Fund is to be applied to the provision of a permanent headquarters building for the charity. 

The Chairman's Ball Fund was designated from monies received from fundraising events held by Chairs of the Executive Committee over a number of years and is used to purchase fixed assets. 

The Prince's Countryside Fund was granted to fund a training programme for members and former members in agricultural and rural skills through a joint project between the charity and The Herefordshire Rural Hub. This project is administered by The Herefordshire Rural Hub. 

## **16 ANALYSIS OF NET ASSETS BY FUND** 

Funds at 31 August 2023 are represented by 

|Tangible and intangible fixed assets<br>Investments<br>Net current assets / (liabilities)|General -<br>unrestricted<br>£<br>9,036<br>85,220<br>61,301<br>155,557|Designated -<br>unrestricted<br>£<br>1,471<br>-<br>7,792<br>9,263|Restricted<br>£<br>81,193<br>-<br>1,923<br>83,116|Total funds<br>£<br>91,700<br>85,220<br>71,016|
|---|---|---|---|---|
|||||247,936|



11 



# **HEREFORDSHIRE FEDERATION OF YOUNG FARMERS' CLUBS** 

**ADDITIONAL INFORMATION FOR THE YEAR ENDING 31 AUGUST 2023** 



## **Herefordshire Federation of Young Farmers' Clubs Income and Expenditure Account for the year ending 31 August 2023 Unrestricted Fund** 

|Note<br>**INCOME**<br>Levies<br>Grants and Donations<br>1<br>Rally and Dance<br>2<br>Drama<br>2<br>Dances and Events<br>2<br>Chairman's Ball<br>2<br>Sponsorship<br>Net Surplus on Hire of Facilities<br>Net Surplus on Publications<br>Net Surplus on Catering<br>Net Surplus on Branded Goods<br>Sundry Income<br>3<br>Insurance Claim for Property Repairs<br>Investment Income<br>**EXPENDITURE**<br>Salaries and Employment Costs<br>Administrative Support<br>Officers Expenses<br>Travelling Expenses<br>Events and Activities<br>Website<br>Light and Heat<br>Rates and Water<br>Insurances<br>Property and Equipment Costs<br>Printing and Stationery<br>Computer Software and Applications<br>Telephone and Internet<br>Postages<br>Professional Fees<br>Governance Costs<br>Sundries and Cleaning<br>Training<br>Trophies and Engraving<br>Trailer Costs<br>Bank Charges and Interest<br>Depreciation<br>**NET SURPLUS**|£<br>£<br>4,258<br>100<br>10,726<br>3,630<br>10,805<br>5,424<br>6,185<br>4,423<br>323<br>4,598<br>34<br>50<br>12,085<br>831<br>63,472<br>10,354<br>1,770<br>4,050<br>90<br>3,216<br>677<br>2,133<br>676<br>659<br>15,736<br>1,072<br>1,022<br>714<br>17<br>450<br>1,454<br>2,399<br>1,320<br>12<br>257<br>176<br>2,302<br>50,556<br>12,916<br>2023|£<br>£<br>1,639<br>948<br>14,378<br>3,816<br>9,566<br>3,339<br>3,600<br>3,232<br>664<br>5,211<br>3<br>20<br>-<br>73<br>46,489<br>13,481<br>1,682<br>3,492<br>268<br>4,650<br>555<br>1,322<br>1,002<br>608<br>2,413<br>1,329<br>957<br>1,256<br>146<br>432<br>1,523<br>2,526<br>309<br>93<br>249<br>296<br>2,800<br>41,389<br>5,100<br>2022|£<br>£<br>1,639<br>948<br>14,378<br>3,816<br>9,566<br>3,339<br>3,600<br>3,232<br>664<br>5,211<br>3<br>20<br>-<br>73<br>46,489<br>13,481<br>1,682<br>3,492<br>268<br>4,650<br>555<br>1,322<br>1,002<br>608<br>2,413<br>1,329<br>957<br>1,256<br>146<br>432<br>1,523<br>2,526<br>309<br>93<br>249<br>296<br>2,800<br>41,389<br>5,100<br>2022|
|---|---|---|---|
||||46,489<br>41,389|
|||||
||||5,100|





**2** 

**3** 

## **Herefordshire Federation of Young Farmers' Clubs Notes to the Income and Expenditure Account for the year ending 31 August 2023 Unrestricted Fund** 

## **1** 

## **Grants and Donations** 

|**Grants and Donations**|||
|---|---|---|
|National Federation of Young Farmers' Clubs<br>Other|2023<br>£<br>-<br>100<br>100|2022<br>£<br>750<br>198|
|||948|



## **Fund Raising Events** 

|Rally and Dance<br>Drama<br>Chairman's Ball<br>Dances<br>Other Events|Income Expenditure<br>£<br>£<br>23,866<br>13,140<br>8,053<br>4,423<br>11,051<br>5,627<br>10,203<br>3,142<br>3,949<br>205<br>57,122<br>26,537<br>2023|Net<br>£<br>10,726<br>3,630<br>5,424<br>7,061<br>3,744<br>30,585|Income Expenditure<br>£<br>£<br>28,479<br>14,101<br>7,913<br>4,097<br>4,409<br>1,070<br>9,754<br>1,681<br>2,700<br>1,207<br>53,255<br>22,156<br>2022|Net<br>£<br>14,378<br>3,816<br>3,339<br>8,073<br>1,493|
|---|---|---|---|---|
|||||31,099|



## **Sundry Income** 

Fines, Penalties and Entry Fees 

|2023|2022|
|---|---|
|£|£|
|50|20|





## **Herefordshire Federation of Young Farmers' Clubs Income and Expenditure Account for the year ending 31 August 2023 Designated and Restricted Funds** 

|**INCOME**<br>Grants and Donations<br>Fines and Penalties<br>**EXPENDITURE**<br>Training<br>Depreciation<br>Administration and Co-ordination<br>Promotional Costs<br>**NET (DEFICIT) / SURPLUS**|||2023||Total<br>£<br>-<br>-<br>-<br>544<br>347<br>242<br>-<br>1,133<br>(1,133)|2022<br>Total<br>£<br>-<br>-|
|---|---|---|---|---|---|---|
|||Competitors<br>Expenses<br>Fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Chairman's<br>Ball Fund<br>£<br>-<br>-<br>-<br>-<br>347<br>-<br>-<br>347<br>(347)|Princes<br>Countryside<br>Fund (2)<br>£<br>-<br>-<br>-<br>544<br>-<br>242<br>-<br>786<br>(786)|||
|||||||-<br>3,560<br>186<br>1,056<br>-|
|||||||4,802|
|||||||(4,802)|





Mr President, honoured guests, ladies, gentleman and fellow young farmers, 

It gives me great privilege to stand here before you having just completed my year as Herefordshire’s CountyChairman. I can’t quite believe how fast these last 12 months have gone and how much we have accomplished and achieved in such a short time frame. After a couple of tumultuous years it is nice to be completely back to normal with a full calendar of competitions and events and with membership numbers hitting their highest figures since 2018. 

A little insight into how my county chairman journey started. My young farmers career began 10 years ago after becoming a member of Ledbury Young Farmers and I never would have thought I would have gone on to complete a successful tenure in the countychairman role. As a young 17 year old all I wanted to do was party and have fun and taking on the highest role in the county was never in the plans. As I started to get a little bit older and more involved within the Ledbury committee I very quickly came to the decision that I did much prefer the social side to young farmers then having to actually organise the clubs day to day activities. 

In 2019 as vice chairman of Ledbury I was tasked with organising our annual trip to Blackpool. During this trip, the soon to be incoming vice county chairman Bethan, collared myself and my sister in a bar and asked whether we would consider becoming Vice Competitions Chairmen. Unfortunately we said yes and I haven’t been able to say no since so two years on the competitions committee, two years as vice county chairman and a year as county chairman followed. I can honestly say becoming county chairman and by saying ‘yes’ is by far my greatest accomplishment to date. I really have had the best four years helping to run this wonderful federation and giving back to an organisation that has shaped my life and career in a way I never thought imaginable 10 years ago. 

My year as county chairman started back in October last year and I had two main goals I wanted to achieve. Firstly, I wanted to get the membership figures over the 601 mark which enables us to have two competing entries at west midlands area and national competition rounds. Unfortunately we fell 34 members short of the mark but I honestly hope the 567 competing members we did have had the best year being part of such a range of fantastic clubs. All those members were welcomed to such a wide and varied competitions and events programme thanks to the wonderful team of county officers this federation has. 

The competitions year started with the Ploughing Match held at Woodmanton which was a hugely successful day with around 40 ploughman and a large competition entry in the domestic section. As a federation we decided not to hold the competitions programme planned at the Kington Show that September following the passing of the National Young Farmers patron Queen Elizabeth. 

The Ploughing match was closely followed by our two annual stock judging competitions both the live and carcase and the Hereford Cattle Judging. With the current membership being largely junior dominant we knew the Junior Quiz would be a big evening with multiple teams entering the quiz. December rolled around and it was our Public Speaking Day and I would like to take this moment to thank the Herefordshire Chairman of Council for their generous offer of the use of the Town Hall for this competition. 

During this pre Christmas period the events team were busy organising bus trips to Cardiff to watch the international rugby and our annual pub games competition which all the intermediate and senior members seem to thoroughly enjoy! After Christmas we once again put on our finest shirts and schoffels to hit Play Night club for the first of four take over events this year. 

As we moved into the New Year, the senior members took part in the annual Senior Quiz and Craswall once again dominated the hedge laying competition held on the Duchy of Cornwall estate thanks to the Williams Family. We then moved on into the busiest four monthsof the young farmers calendar starting off with the Entertainments week, held at Kingstone High School. Three nights containing a wide variety of onstage talents, it was fantastic to see what a gifted membership we have here within the county. 

Sports Day closely followed with the juniors running riot on the basketball court and the seniors making strides on the hockey pitches. The membership then started getting ready for the jam packed two months of rally preparations ahead. The first competition of rally season was our Stock Judging competitions. The forever growing popularity of stock judging is incredibly impressive as all the clubs tried to get in the early rally points and take home as many prize cards as they could. Pre-Rally closely followed, with 12 teams competing in the fencing competition and members also taking part in the Farm Safety Skills competition, one of the most important competitions in our young farmers calendar. 

May finally hit us and so did the Rally, this year kindly hosted by the Watkins family at Arkstone Court. It was a hugely successful day with over 400 members competing and hundreds of supporters arriving through the gates to cheer on their clubs. The theme of the Rally this year was Country Pursuits so members got stuck into the 30 competitions we held on the day involving the ever impressive Lip Sync Battle, Chariot Racing, Morris Dancing and the Tug of War. Huge congratulations must go to Craswall Young Farmers for lifting the rally shield this year especially in their 75th anniversary year, a celebratory year to remember. Our Annual Rally Dance then followed, the drinks were flowing, the dance floor was packed and members of Herefordshire and neighbouring counties had a blast celebrating all their Rally successes. A huge thanks has to go to the Rally Task Group and the Officer Team for their tremendous efforts in organising the event this year and making the day and dance such a wonderful success. 

The Royal Three Counties rolled around again where members from Herefordshire got to compete against the finest competitors from Worcestershire and Gloucestershire in a repeat of the Rally competitions held back in May. It was one of the most competitiveyears we have had for a while competing and I’m pleased that we came away with the win as well as a huge number of other trophies and prizecards. My second goal I wanted to achieve this year was inspired from a quote from one of my favourite Disney characters Dumbo who said ‘Don’t just Fly, Soar’. I can sincerely say how proud I am at how this county has soared this year and has achieved such great heights. We have had over 100 members represent Herefordshire at the West Midlands Area round of competitions including all our public speakers, stock judgers, our entertainment winners, sports teams, fencers, shearers, tug of war pullers, needleworkers, metalworkers and junior and senior member of the year entries. From those entries we have had over 50 members go onto to represent the county at national competitions andwe have come away with numerous trophies this year. 

At the English Winter Fair in November last year the Herefordshire teams took away six first placed trophies and prize cards including 1[st] and 4[th] in the beef and pig live and carcase overall team results. First in the Intermediate Team Results and First in the Senior Team results. First in the Pig Team Results and second in the Beef Team results. Chloe Watkins also came first in the Senior Pig Live and Carcass competition and Tom Garlick came first in the Intermediate Beef Live and Carcass Competition. I think its fair to say Herefordshire wiped thefloor with the competitors at the national stockjudging finals this year. 



In April, Eardisley YFC travelled to Leamington Spa where they went on to compete at the National Performing Arts Final wherethey came a very amicable 3[rd] place. Herefordshire also had members competing at the National Competitions Finals this year and it was Dilwyn’s turn to soar as they picked up a first place in the Fence Erecting, and Lucy Hall was also crowned NFYFC Junior Member of the Year which is an absolutely incredible achievement. We did also had members from Allensmore, Hereford, Welsh Newton, Pencombe, Golden Valley, Eardisley, Lugg Valley, Pontrilas and Craswall represent Herefordshire at national finals this year. All their results can be found in the back of the Annual Report Booklet and I am so proud of all they have achieved. 

Herefordshire also went on to compete at the Dairy Stockjudging Finals where Chloe Watkins was at it again coming first in the Senior Dairy class, Isabel Mason came 2[nd] in the Junior Dairy Class and the team came 1[st] in the Dairy Stock judging Team competition. 

The national finals were completed at the Malvern Show this year where our cookery team wowed the judges with their culinary skills and the floral art competitors smashed their competition too. I’m sure you can all agree with me our members have well and truly soared this year! 

I would like to say a massive thank you to our current president Max Jenman for all the support he has given me during my year in post. A huge thank you must also go to our annual sponsors Becky and Charles Wall from A Plush Flush for supporting my year as countychairman and always be on hand for advice and support. And a huge thank you to Robin and the management committee for allowing me to be me and run things the way I have this year. 

I must say a huge thank you to Lisa and Wendy who have run the office this year in the absence of a county administrator and good luck to Ally who continues to thrive in her new role. Thank you also must go to my family who have allowed me to take the time away from the farm which has allowed me to try and do the best job I possibly can as county chairman. Finally a huge thank you must go to the wonderful county officer team who have all been there to help me steer the ship this year. I have made you all wear bright orange shirts and jumpers and you have had to put up with my terrible jokes and lively chat but I honestly couldn’t have asked for a better group of friends to have hadthis journey with. 

I would like to wish Bell and her team all the success for next year and to enjoy every moment of running the best county in this federation. 

**Imi Miss Imi Manning County Chairman 2022-23** 

