## **HEREFORDSHIRE FEDERATION OF YOUNG FARMERS' CLUBS**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
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 Annabel Beaumont **Vice - Chair of Executive Committee** Mrs Chloe Watkins **Chair of Management Committee** Mr Robin Knott (to 12 February 2024) Mrs Wendy Davies (from 12 February 2024) **Treasurer** Mrs Heather Hadley **Trustees To 5 February 2024 From 5 February 2024** Miss A Beaumont Miss A Beaumont Mrs W Davies Mrs F Bevan Mrs H Farndon Mrs W Davies Miss L Legge Mrs H Farndon Miss I Manning Mrs R Wall Mrs R Wall Mrs C Watkins Mr A Baker Mr A Baker Mr R Knott Mr R Knott Mr T Richards Mr T Richards Mr S Rogers Mr S Rogers **Custodian Trustees** Mr N Evans Mr R Knott Mr C Mayson **Bankers** Lloyds Bank plc CAF Bank Ltd Scottish Widows Bank 8 High Town 25 Kings Hill Avenue PO Box 883 Hereford Kings Hills Leeds HR1 2AE West Malling LS1 9TY Kent ME19 4JQ
**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 2024**
The trustees present their report and financial statements for the Federation for the year ending 31 August 2024. 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**
**On accounts for the year ended**
**Set out on pages**
520998
31 AUGUST 2024
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 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
**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**
## **Report to the trustees of**
HEREFORDSHIRE COUNTY FEDERATION OF YOUNG FARMERS' CLUBS
**Registered charity number** 520998 **On accounts for the year ended** 31 AUGUST 2024 4 TO 11
**Set out on pages**
## **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
**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; and
- 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**
## MAAT
## **Address**
7 Cottons Meadow, Kingstone, Hereford, HR2 9EW
3
## **Herefordshire Federation of Young Farmers' Clubs Statement of Financial Activities for the year ended 31 August 2024**
|Unrestricted
funds
2024
Note
£
**INCOME FROM:**
2
Voluntary income
9,527
YFC activities and events
77,409
Other incoming resources
4,448
Membership
6,870
Investments
2,535
100,789
**EXPENDITURE ON:**
3
Staff and volunteers
25,088
YFC activities and events
50,376
Cost of the YFC programme
6,134
Equipping and running the YFC Centre
18,991
Governance costs
2,300
Other costs
660
103,549
**NET INCOME / (EXPENDITURE) AND**
**NET MOVEMENT IN FUNDS**
4
(2,760)
**RECONCILIATION OF FUNDS**
TOTAL FUNDS BROUGHT FORWARD
155,559
**TOTAL FUNDS CARRIED FORWARD**
152,799|Unrestricted
funds
2024
Note
£
**INCOME FROM:**
2
Voluntary income
9,527
YFC activities and events
77,409
Other incoming resources
4,448
Membership
6,870
Investments
2,535
100,789
**EXPENDITURE ON:**
3
Staff and volunteers
25,088
YFC activities and events
50,376
Cost of the YFC programme
6,134
Equipping and running the YFC Centre
18,991
Governance costs
2,300
Other costs
660
103,549
**NET INCOME / (EXPENDITURE) AND**
**NET MOVEMENT IN FUNDS**
4
(2,760)
**RECONCILIATION OF FUNDS**
TOTAL FUNDS BROUGHT FORWARD
155,559
**TOTAL FUNDS CARRIED FORWARD**
152,799|Designated
funds
2024
£
-
-
-
-
-|Restricted
funds
2024
£
-
-
-
-
-|**Total**
**funds**
**2024**
£
9,527
77,409
4,448
6,870
2,535|**Total**
**funds**
**2023**
£
6,285
67,111
17,019
4,258
831|
|---|---|---|---|---|---|
||100,789|-|-|100,789|95,504|
||25,088
50,376
6,134
18,991
2,300
660|-
-
-
406
-
-|-
-
-
-
-
-|25,088
50,376
6,134
19,397
2,300
660|14,494
31,605
7,781
26,768
1,904
1,169|
||103,549|406|-|103,955|83,721|
|||||||
||(2,760)
155,559|(406)
9,263|-
83,116|(3,166)
247,938|11,783
236,155|
||152,799|8,857|83,116|244,772|247,938|
4
## **Herefordshire Federation of Young Farmers' Clubs Balance Sheet as at 31 August 2024**
|Note
**FIXED ASSETS**
Tangible assets
8
Intangible assets
9
Investments
10
**CURRENT ASSETS**
Stock
11
Debtors
12
Cash at bank and in hand
13
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**
**YEAR**
14
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS OF THE CHARITY**
15
**Unrestricted income funds**
General funds
Designated funds
**Restricted income funds**
**TOTAL CHARITY FUNDS**|£
£
£
£
89,382
91,101
420
599
86,800
85,220
176,602
176,920
3,223
3,053
755
17,294
74,313
65,154
78,291
85,501
(10,121)
(14,483)
68,170
71,018
244,772
247,938
152,799
155,559
8,857
9,263
83,116
83,116
244,772
247,938
2024
2023|£
£
£
£
89,382
91,101
420
599
86,800
85,220
176,602
176,920
3,223
3,053
755
17,294
74,313
65,154
78,291
85,501
(10,121)
(14,483)
68,170
71,018
244,772
247,938
152,799
155,559
8,857
9,263
83,116
83,116
244,772
247,938
2024
2023|
|---|---|---|
|||176,920
71,018|
||78,291
(10,121)||
||||
|||247,938|
|||155,559
9,263
83,116|
|||247,938|
5
**Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2024**
**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 2024**
**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**
Grants
Donations
Sponsorship
Membership
Events
Other activities
Hire of facilities
Other income
Investment income
**Designated funds**
Donations
**Restricted funds**
Grants
**Total**|Voluntary
income
£
-
172
9,355
-
-
-
-
-
-
9,527
-
-
9,527|YFC
activities
and events
£
-
-
-
-
67,919
9,490
-
-
-
77,409
-
-
77,409|Other
income
£
-
-
-
-
-
578
3,860
10
-
4,448
-
-
4,448|Income from
members
and
investments
-
-
-
6,870
-
-
-
-
2,535
9,405
-
-
9,405|2024
£
-
172
9,355
6,870
67,919
10,068
3,860
10
2,535
100,789
-
-
100,789|2023
£
-
100
6,185
4,258
57,122
10,450
4,423
12,135
831|
|---|---|---|---|---|---|---|
|||||||95,504|
|||||||-|
|||||||-|
|||||||95,504|
7
**Herefordshire Federation of Young Farmers' Clubs Notes to the Financial Statements for the year ended 31 August 2024**
**3 EXPENDITURE**
|Staff
costs
Events and
activities
Other costs
Depreciation
and
amortisation
£
£
£
£
**Unrestricted general funds**
Staff and volunteers
20,080
-
5,008
-
YFC activities and events
-
50,376
-
-
Cost of the YFC programme
-
5,227
728
179
-
-
17,468
1,523
Governance costs
-
-
2,300
-
Other costs
-
-
660
-
20,080
55,603
26,164
1,702
**Designated funds**
Competitor expenses
-
-
-
-
-
-
-
406
-
-
-
406
**Restricted funds**
Staff costs
-
-
-
-
Other costs
-
-
-
-
-
-
-
-
**Total**
20,080
55,603
26,164
2,108
**4**
**NET MOVEMENT IN FUNDS**
The net movement in funds is stated after charging:
Staff costs
Amounts payable to independent examiner
Depreciation of owned tangible fixed assets
Amortisation of owned intangible fixed assets
**5**
**TRUSTEE EXPENSES AND TRANSACTIONS WITH RELATED PARTIES**
Number of trustees to whom expenses were payable
Total trustee expenses
Equipping and running the
YFC Centre
Equipping and running the
YFC Centre|2024
£
25,088
50,376
6,134
18,991
2,300
660
103,549
-
406
406
-
-
-
103,955
2024
£
20,080
475
1,929
179
2024
No.
7
2024
£
1,998|2023
£
14,494
31,605
6,995
26,421
1,904
1,169|
|---|---|---|
|||82,588|
|||-
347|
|||347|
|||-
786|
|||786|
|||83,721|
|||2023
£
10,354
450
2,469
180|
|||2023
No.
2|
|||2023
£
1,750|
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 2024**
|**6**
**STAFF COSTS**|||
|---|---|---|
|Wages and salaries
Social security costs (net of employment allowance)
Other pension costs|2024
£
20,080
-
-
20,080|2023
£
10,181
-
173|
|||10,354|
The average numbers of persons employed by the charity during the year was 1 (2023 - 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 in the prior year. There were no contributions outstanding at the end of the year (2023 £Nil).
## **7 GOVERNANCE COSTS**
|Expenditure relating to meetings of trustees
Trustee liability insurance
Independent examination of the accounts
**8**
**TANGIBLE FIXED ASSETS**
**Net book value**
At 1 September 2023
Additions
Depreciation
At 31 August 2024|Land &
Buildings
£
82,636
-
-
82,636|Equipment
£
3,664
210
(1,204)
2,670|2024
£
1,514
311
475
2,300
Fixtures
£
4,801
-
(725)
4,076|2023
£
1,151
303
450|
|---|---|---|---|---|
|||||1,904|
|||||Total
£
91,101
210
(1,929)|
|||||89,382|
All tangible fixed assets are primarily used for charitable purposes.
## **9 INTANGIBLE FIXED ASSETS**
|**Net book value**
At 1 September 2023
Additions
Amortisation
At 31 August 2024|Website
£
599
-
(179)|
|---|---|
||420|
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 2024**
Cash equivalents on deposit
|2024
£
86,800|2023
£
85,220|
|---|---|
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**
**STOCKS**
2024
£
Branded goods
1,652
Consumables
1,571
3,223
Consumables include postage and stationery, heating oil and items used for competitions and events.
**12**
**DEBTORS**
2024
£
Trade debtors
261
Prepayments and accrued income
494
Other debtors
-
755
**13**
**CASH AT BANK AND IN HAND**
2024
£
Cash in hand
303
Cash at bank
74,010
74,313
Cash at bank is held with banks and building societies in the United Kingdom.
**14**
**CREDITORS: AMOUNTS FALLING DUE WITHIN DUE YEAR**
2024
£
Trade creditors
1,227
Accruals and deferred income
8,437
Taxation and social security
448
Other creditors
9
10,121
No amounts relate to restricted funds in the current or prior year.|2023
£
2,022
1,031|
|---|---|
||3,053|
||2023
£
313
4,796
12,185|
||17,294|
||2023
£
296
64,858|
||65,154|
||2023
£
6,221
8,173
-
89|
||14,483|
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 2024**
## **15 FUNDS OF THE CHARITY**
|**Current year**
**General - unrestricted**
**Designated - unrestricted**
Competitors Expenses Fund
**Total designated funds**
**Restricted**
Headquarters Fund
**Total restricted funds**
**TOTAL FUNDS**
**Prior year**
**General - unrestricted**
**Designated - unrestricted**
Competitors Expenses Fund
**Total designated funds**
**Restricted**
Headquarters Fund
**Total restricted funds**
**TOTAL FUNDS**
Chairman's Ball Fund
The Prince's Countryside Fund
The Prince's Countryside Fund
Chairman's Ball Fund|At 1
September
2023
£
155,557
535
8,728
9,263
81,193
1,923
83,116
247,936
At 1
September
2022
£
142,641
535
9,075
9,610
81,193
2,709
83,902
236,153|Income
£
100,789
-
-
-
-
-
-
100,789
Income
£
95,504
-
-
-
-
-
-
95,504|Expenditure
£
(103,549)
-
(406)
(406)
-
-
-
(103,955)
Expenditure
£
(82,588)
-
(347)
(347)
-
(786)
(786)
(83,721)|Transfers
between
funds
-
-
-
-
-
-
-
-
Transfers
between
funds
-
-
-
-
-
-
-
-|At 31
August
2024
£
152,797
535
8,322|
|---|---|---|---|---|---|
||||||8,857
81,193
1,923|
||||||83,116|
||||||244,770|
||||||At 31
August
2023
£
155,557
535
8,728|
||||||9,263
81,193
1,923|
||||||83,116|
||||||247,936|
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 2024 are represented by
|Tangible and intangible fixed assets
Investments
Net current assets / (liabilities)|General -
unrestricted
£
7,138
86,800
58,859
152,797|Designated -
unrestricted
£
1,471
-
7,386
8,857|Restricted
£
81,193
-
1,923
83,116|Total funds
£
89,802
86,800
68,168|
|---|---|---|---|---|
|||||244,770|
11
# **HEREFORDSHIRE FEDERATION OF YOUNG FARMERS' CLUBS**
**ADDITIONAL INFORMATION FOR THE YEAR ENDING 31 AUGUST 2024**
## **Herefordshire Federation of Young Farmers' Clubs Income and Expenditure Account for the year ending 31 August 2024 Unrestricted Fund**
|Note
**INCOME**
Levies
Grants and Donations
1
Rally and Dance
2
Drama
2
Dances and Events
2
Chairman's Balls
2
Sponsorship
Net Surplus on Hire of Facilities
Net (Deficit) / Surplus on Publications
Net Surplus on Catering
Net Surplus on Branded Goods
Sundry Income
3
Insurance Claim for Property Repairs
Investment Income
**EXPENDITURE**
Salaries and Employment Costs
Administrative Support
Officers Expenses
Travelling Expenses
Events and Activities
Website
Light and Heat
Rates and Water
Insurances
Property and Equipment Costs
Printing and Stationery
Computer Software and Applications
Telephone and Internet
Postages
Professional Fees
Governance Costs
Sundries and Cleaning
Training
Trophies and Engraving
Trailer Costs
Bank Charges and Interest
Depreciation
**NET SURPLUS**|£
£
6,870
172
12,061
4,583
7,240
43
9,355
3,860
(51)
3,157
285
10
-
2,535
50,120
20,080
-
4,823
185
4,197
823
3,314
955
691
4,906
1,097
1,365
694
30
475
1,825
2,255
1,030
84
2,289
60
1,702
52,880
(2,760)
2024|£
£
4,258
100
10,726
3,630
10,805
5,424
6,185
4,423
323
4,598
34
50
12,085
831
63,472
10,354
1,770
4,050
90
3,216
677
2,133
676
659
15,736
1,072
1,022
714
17
450
1,454
2,399
1,320
12
257
176
2,302
50,556
12,916
2023|£
£
4,258
100
10,726
3,630
10,805
5,424
6,185
4,423
323
4,598
34
50
12,085
831
63,472
10,354
1,770
4,050
90
3,216
677
2,133
676
659
15,736
1,072
1,022
714
17
450
1,454
2,399
1,320
12
257
176
2,302
50,556
12,916
2023|
|---|---|---|---|
||||63,472
50,556|
|||||
||||12,916|
**3**
## **Herefordshire Federation of Young Farmers' Clubs Notes to the Income and Expenditure Account for the year ending 31 August 2024 Unrestricted Fund**
## **1 Grants and Donations**
## **2**
|**Grants and Donations**||||
|---|---|---|---|
|Other
**Fund Raising Events**
Income Expenditure
£
£
Rally and Dance
24,607
12,546
Drama
9,473
4,890
Chairman's Balls
14,662
14,619
Dances
16,990
11,082
Other Events
2,187
855
67,919
43,992
2024|Net
£
12,061
4,583
43
5,908
1,332
23,927|2024
£
172
Income Expenditure
£
£
23,866
13,140
8,053
4,423
11,051
5,627
10,203
3,142
3,949
205
57,122
26,537
2023|2023
£
100|
||||Net
£
10,726
3,630
5,424
7,061
3,744|
||||30,585|
## **Sundry Income**
Fines, Penalties and Entry Fees
|2024|2023|
|---|---|
|£|£|
|10|50|
## **Herefordshire Federation of Young Farmers' Clubs Income and Expenditure Account for the year ending 31 August 2024 Designated and Restricted Funds**
|**INCOME**
Grants and Donations
Fines and Penalties
**EXPENDITURE**
Training
Depreciation
Administration and Co-ordination
Promotional Costs
**NET (DEFICIT) / SURPLUS**|||2024||Total
£
-
-
-
-
406
-
-
406
(406)|2023
Total
£
-
-|
|---|---|---|---|---|---|---|
|||Competitors
Expenses
Fund
£
-
-
-
-
-
-
-
-
-|Chairman's
Ball Fund
£
-
-
-
-
406
-
-
406
(406)|Princes
Countryside
Fund (2)
£
-
-
-
-
-
-
-
-
-|||
|||||||-
544
347
242
-|
|||||||1,133|
|||||||(1,133)|