REGisfERED cHARy NUMBEK. 511363 Fkncknl S1ts l•r Ibtyew E4dtd JI IQ23 F*tw¢rs Cltybs
f•r th¢ Year Em*d 31 201J 14 w IS
• iA•tublre FederAtl•• •f V•¥•i FnNers Cl Rwrt ofth¢ Truttti fw the Vur JI Awrt 2013 have the Provi%& of A¢rOWl11& Rewiing Dy IJwiiie5'. Slernait o[RLX(ffio P1( •rolicabl¢ dwilit their In tt¢ardw with the Finial Rew)Thin8 si•¥lud applicable iTJ tr UK ¥M1 R¢KAknl¢¢ of {FRS 102> lelTrdi¥e l 2019). ObJt¢llwts bd #£rni To thaiKe the C., You of the Fthli¢ al AYSE L. aRn'uJhwe h(Kn¢ raft& cow lift afyj T¢ird Ind in tr¢ irnttt5t of TAYlfaTe of rneffllm to povid¢ MI Qwmole the provi'on of for rwxEation Ind th ktsurt lirnt knlitiu thich Will irqyove thir £cKdiiiorts of lift ATrJ 11 Lssifjt in the dClopMent of spirimal and mthtal KJfrfdim iryjivil re5wwibillry xj firti mllrity ¥ individu$ and rnemlm ofth¢ wrrtmunity. reviwwiw the Chariry's aim obitrtives in pFnniro is fimwt 1vIlla lft T1911. tr¢ truKe¢s +xwidY Ixjw pIHnned 4thviiies will the aims and obj¢rtiv¢s Iky hve sd. ACHIEVEM AND PWORMAI¥CE CTh¥ity h&%4 Sirearns of iThcom¢". l) Affilison fe 21 SO¢1 ftuthisirg cva 3) Donoti0Tr4 4) Room letti nANCIAL REVIEW Rderves policy The Te8 hdW¢ reviewed the lleY for r¢wvcs for fv ¢hrity. This revicw oax0mp npn•t of ihe iTh)xie ahd expeTh2j¢ure strew. thc need w matth fi]rMlinq itthn¢ with fixed commikncrt5 the of the Tl¢ rev th¥t w 1 the chrity LO efficiaffty •rMI w provide #n uninittn4Aed strvic¢ ¢0 clieN bue. a r¢ thi¢h 41¢5 10 0AlM{[cfy 3 m•ln¢wr. Ai IKld $]ur1¢tlY higkn. l)v¢vEr xldilivmf fi¥xls will k rwwred fimKedefi¢I kTh¥¢r Ic¥e The Board of Tnut¢¢s revi¢wd Wblicy of bMiNainity8 a ruv¥c5 of 3 rurnurg to 5TrUCfURE GOVERWAP4CE AND MNAGEMr Tr dwity 15 LU¢YOtlal by its a deed of trwt •nd¢ttM(is wi(4} ¢hu4ty.
Rert 4ifthTrwtt fo the Yujr 31 2023 srRUrn& GOVERNANCE Af4D MAi%ACLMEr Thttc is a Board of CThaTity Ttuse5 ofwlu)rn arc ovu 11 ycar50f4r Ind w31[1 bt th¢TTuBfces ofthc awity. The Board consists of tk followi. CO Prtsidej County Chair CDunty Vice CThair prevt08Years County Chair County AGM ¢J¢cts a fiuther 5 TnLUCC5 of Thith mug be Vice PrtSidty of thr Cow FedcratioH and thre¢ others arc t1 cwrently elcctr4J otT4£e in the Cthmty FethraiOtL Each elerted TNstee 11 serve foT a of 5 Yr3 Tnuts will eJiEibk tor r¢<lecLion 4Tr1thiTr a F¢riod of12 mortths of Tetiriryg. OryAnisalloBal stivtiure Th¢ PUVFrfM of the B¢)ard of Clwiy Tntyw is the lfflinistrtiM •rd or8anisxtion of the Fedentioft is teinE le8i51atio Th¢ Board ol Tnwct5 rnttt aL le&4 lour lim¢S ycu, with •JdiiM)r•i m¢¢tiftg6 ¢oll¢d as r¢wir¢& Th¢ Manag¢mElli Committ£e meth at I[ six urD¢S tKryew in additionts) the AGM. The trustees h&ve a dltty to Idendfy revlew the risks thwity 15 CAFLwd and wntrolo ¥e in place to provide r¢wnabk aswantt a8ainSt frt1 trn)r. REFERENCE AND ADMINISTRATIVE DKfAIIS RezisterEd Charity 521363 Prixtip*l address YFC Office RibbItsd¢ Certrc Lincolll Way Cliilwoc BB7 IQD E F Clarke Trurtee l Neary Trusicc {res5grtd 24.1122) G P Fitton frustcc a5 Chair 17.123) A Hosdtn TEt- Chair (arwmed 17.123) M5 H A Stknfi¢ld Tnwee M H HwJdley Tnjstee Ircsigtied 24.1112) A D Brixgs Truste¢ {resij Ig.01.221 N HodkiD3nn Trustee laprK)itrt¢d 24.11.22) Ms A R CthrKrTnJstee Ms S Davies Tee M Pewson TN5L¢¢lappJifttd 24.11221 M rner Tnw¢¢ lapwpled 24.11.221
VoiKy & Co LLP I WtJMn•skk%b Stea WAI IJW AppDvaa lry trdErof oftr4*r¢s w...-.....-.-..............
Independent Examiner's Report to the Trustees of The Lancashire Federation of Young Farmers Clubs
Independent examiner's report to the trustees of The Lancashire Federation of Young Farmers Clubs
I report to the charity trustees on my examination of the accounts of The Lancashire Federation of Young Farmers Clubs (the Trust) for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
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 applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Hayley Jardine BFP ACA
Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW
16.04.2024 Date: .............................................
Page 4
St4t¢m¢mt of Fi¥••dAI Adlvili¢s f•r the Yelr E4ded 31 A•Ewt 2•23 31.&23 31.8.22 Tothl INCOME AND ENDOWMEM FROM thn8tion5 and Icg*ie$ 8031 5.039 General 71.487 79,177 InYeAment ineomt 4J98 3,447 7,123 T•tsl 87.713 92,493 FXPENDIIiTRE ON irltsble •c¢lYSlles 76.699 95.839 r4ET INCOME4(EXPEiwfnJRE) i 1.084 (3,346) RECONCIIIATION OF FL74DS TO fijnds bTOU8hi fonvard 311.713 322.059 TOTAL FUNDS CARRIED FORWARD 329.797 318,713 TIK ¢5 ptrtof thae ##t¥r5
FarryeTr Cts l*•tr Sb¢¢¢ 31 Awst 2023 31.8.23 31.8.22 Total FIXED A&SETS TIble ¢15 Ol703 70.183 s[ks 1,453 5,624 271.727 Deb Cash at bank a in hand 12289 27S.627 217.916 278,804 CREDrroiLS Arn fdliTrg dLK within onc yc4r 12&8821 (30,2741 NET CURRENT ASSETS 261.034 248,530 T(YfAL LESS CURRENT UABILrriE5 329.797 31B,713 NET Assfts 329,797 318,713 IJDTEstrictrd fimds 3Z9,797 3ll.713 TOTAL FUNDS 329.797 31t.713 and wcre on its Fthlfby.. A Holid- TnL4tt Ch&r E F Clarkt- TrllA¢e
N•trJ t• the Fln•tk•l St•terntts fgr the Yur ded 31 AuzMJt 2013 ACCOUNTING POLICIES B•sls of prryiriAg Ibe Ilwllcilll statemt•ts The fitwJciaJ statements of thc dwity, l¢b is a wbltt I)¢ crtity urth FRS 101 hawe been in cord4n¢e with awitK5 SORP {FkS 1021 'Ac¢owtting aThl Re¥LtIng by Charitits.. Staitswnt of RewznTn&wJed PT4di¢r wlit&ble charities F¥epwri their a¢¢ounLS in aeeordwe with the Financidi RekThNtin8 Standard applicablc in the LTK aNJ Re11¢ of Ir¢land {FRS 1021 l¢ffextive l January 20191,. f.in¢la1 R¢ St8ndaTd ID2 ThE Firbancial Rep)TTiDg applicable the UK 3Dd Rekwblic of Ircland. and the Charitics ACE 201 l. The fitwn[i staemets havc kn tr"_ All iotom¢ is rets)8ni5cd in thc Slalement of FInX5 A¢ti¥LU¢S ¢)n¢e the charity emitlemert to thc fonds, it 15 proble th the inu)mewill be received al the U1 be measlxed reliably. Affi1110n ftt$ rttognistd in the F0d thc #crvicrf hav¢ been pto¥th lknauons art ¥¢¢ogni%td the ChDrity has bl r¥Jiified in of the and ement date. In thr ¢v¢nt dorl 18 subi¢¢t th ¢ofyliiitifrt fequire A level ofperfonnArt¢ betovt the Charity IÈ entitled to the &)1$, the income is deferred af41 Mi rteolSU1 111 eitrrtr o)li10rL$ are hlly or the lfIlMent of those cor¥liiion5 15 wTr¥)Ily within thr ¢trol ofthe C7wÉty •J ji is txobable CVTMliiiotf5 ivill k fvlfillcd in the reporll pcrio IrKome fwm SovcnlcnI wnd othEr krn wlthr 'c4vi, 01 'Te¥th. gronts,i5 recols¢d wh¢n th¢ Iwity has EMiilenr# fo the fimd> w (Om ayth io tht EranLS have md. il 15 woFAble that thc IrMe will Lx Te¢eived aJMI amow[ k m¢8gJred reliably aNI is defcrrtd. lThterest on hetd m de1¥ is TeLtvabie 8thJ Can be rntTed Teliably by the ity: Ihi5 is EM)rmaity ry)I1fitatx ofthe paid or payable by the Bank Ltabiliites are recogniscd &8 ex[thIre SODn as there is a leRai Oblilon CDmmrtiirtg charity thai eXp1rC. li 15 prob¢ that a vansfe¥ of btsrIts will be rquired in sailcmeni and the of thc obliwion be me49Jrtd rtli4bly. Exp#¥JiDrc is accowrtC41 for on aTh A¢¢n$ blS and h•s ¢ilf1 undrr headings thai •ggrtgae ajl rt13Ad ro the ca¢¢Qry. Whtte costs ¢Tr)i t¢ directly anribuled tD pani¢uiar hcadin thty baye allotknl to &#ivilies¢m a kis cwsiwt with of rtswrtts. Txtible Ilyed wets Depre¢iaiion uswovid¢d at the followittg t4trS in PTtIc0ffe •ss¢t its ¢Aimal Lty¢f lif Fixtsjr fittin 33% Stgrkl Stsxks arr val1 * the h)w¢r of cost aNI r¢alisabk v fflakiDg (or ob)lete slow rnoving It5. The eharity is exempt ort its ekn"iJble xuiviiie Ufvcstri¢ fimds can In withtte ¢lwitabl¢ objtttyves at tr dixREion of rhe mt R¢Mri¢ted firti w only be for pLeI Ttwicd prrx>ses within the oltht dmrrty. Rei¢tion% rrtinued...
ThelAAtuhlrt Federntl• 4•f Y•••z Nots4 to the FIDieiAI SiteThaJlS. t•Atiwd r•rthe Y#r 31 Allg•st 2023 ACCOUNnNG POLICIES. wti4•ed Flltyd a¢t••wtl•s Furtlw explanation of thenaure of etth fiTJd > Ind1 irtts tr) statem Th¢ ¢harity a defined ¢LtiOn GymknrtiOTL8 wable w tl chariiys pe1 Ie ar¢ ¢hars¢d A tk S+2temert of FitWl1 A"":.ri1$ the N"od w Whi TLet:. FlnADtlal ins¢ThrAt•ts ejected w apply the PTtrViSiOnS of S¢aNin I I 'B•5ic PIT11 Ins¢Iwn. aNi SEIXion 12 '01h¢r FinarK1 InJtrumtttts lswJ¢5' of FRS 102 to of its f¢nwKial instnxnems. to the cwrracEual provisions of the FirwKiaJ as8¢ts and liabrlities are offK ith thc afflOU in th¢ financi sratrmcnts. When there is a IlY •ifor¢¢•blt right to sd CÉT I&15j thttt ts zn trw•won mle on a ntt bi# Tlse the ntt &ssct 5etV¢ th liabilit). BAsk IIDABcll amets BLsic fir6anGiaJ 7hi¢h trlU¢ d¢bS aTKI at#t bat blllllrKr4 ¥¢ iltiallY tr(lory wi¢e irKluding traItion costs 2nd are s(ty wied at ro4S wn8 thc effedivt interest rnetr unl¢&8 th¢ aTrwwtm¢m wtLStitu¢&% a finttncing trans&t1 thc fdraaion 1$ tTrW5ured at tht PT¢SCnt valuc of tht fumre Tectipts di5¢oUnt 3L s mth n of inttt£L FIrka1 C1"fied as rEcciv•bk withinoTrYye¥ ar¢ llDI amortist(L hef llllivttsl 55tts 4Jher fmantial asse. incJudinE invegmems cqutry ar¢ sub>ithaTieS. &ssoGiat¢5 or joiril v¢ntur4 are initially mc&5urcd at fair val, hicb. 15 tsJnna15y ttK wice. Such are suFA¢quty arri¢d * fyir Yaluo dwg¢& in fair rv te¢owwJ ITh rit w los$, ex¢ep ,' vc4rnenrs in ryi insrDJments that a miwblicatly trathd fairvatKs meare[l¥blY mwJTrd & c05[ I¢ss impairmcnE. Finanrial 355ets. uther thgn ttw5e tKid al fwrVaITw rKofii iy gre 05cd ts i]11 ofiryairm¢nt ch rep)rtin8 er¥1 da FirMnGl 85sets are impaired whue there is (Arytttive e¥idMtt thaL as a reyjli of one or more events th OCCU 8ft¢r Ihc rw)KnitJon ol th¢ nala] asseL lh¢ lrIed fvDty¢ ¢ash lov¢ atYfftC41 If is i1r¢& the impairment N)ss is ihe diffcTfJKt bcthen the Carryittg •JTh)uni the preseni vlu¢ of ¢#imad ¢Lth ljows dIkoteA atthe a%etS Dr*8it effeitivt iMeTeA The impaEr1s is re¢ognised in rKofit or los& Dentotnltlon •f lknidal ts settled. or when tr company tr•k4fers ike &t sUbstaN.lY all Tisks and rewuds of oThTrrship to anotheF cnlity. ur if )me significaN risks Tcwards of owrtlship ¥¢ rethirwj Inrt conth)l of the assd h&s traAferred to amther party thot ig abkto sell in its elltirdy Ta unrelad third pty. EmployèÈ jntind...
The lNe•J&lrt Ftkntlm •f F•rwYs a•bJ f•r th¢ Yur E•dEI JI AW I•IJ F5aantl41 Tr costs of ihc th0rt4¢mi •t rtcowwed ¥ a ]t•bility •) tXP¥K Lwlas trKJse required recognised &% of5¥Kk QT fr4cd The of qny N3•d IK>lsday trtidemtrn 16 recogftised in py)d in whith employ¢¢'s wvi¢¢s wt receiya. TwmitL*Km t¢rtfrts ar¢ rt¢OWSfAI imned1ty cxpew i5 to the empknym¢nt of a INVESTME INCOME 31.1.23 31.8.22 4.39¥ 1,154 TRusfF.FS' REMUNERATION APID JFWEFrrs 31.823 31.8.22 l J40 .333 ArrhJun¥ Vid * Tn4t¢¢s for ChIrM HorMr1 xrvica wereEI.2CrfII2022I1.3331 Tb¢re wce ld tbr theyear ¢Th1eJ JI Aw 2023 mr fot thE yr¥ ¢ThJ¢d 31 AVI 2022. 31.8.23 31.822 No ¢mployee5 receiv emolwneNJ inexcessof £60,iVJ.
f•r th¢Yur Eadt4 31 A¥r•it lfj TANGlhU FIXEDASI Fixiw¢s Fttth)Id At I 2022 •TrJ 31 Au1 2023 61.132 4J03 7Z.755 DEPRECIATION At I Swember 2022 1572 1,420 Ar 31 Awt 21)23 3.992 NEf BOOK VALUE Al 31 Au8ust 2023 0&452 6(705 31 Awt 2022 68,452 1,731 70,IS3 STOCKS 31.823 31.822 1,453 DEBTOILS: AMOitKIS FALLING DUE wmiiN YFAR 31.12] 31.822 iu 5379 245 IU89 S.024 P¥lO
F•r•*rs Ch f•r Ib¢ Yw E4ded 31 Ayt I CREDYfoRS: Amoirn FALUliG DUE wrrHIN ONE VEAR 31.8.23 31.8.22 1.410 J61 25.D41 1,552 308 2J,414 arwj ge¢wity 26.112 3(1,274 MOVLIl IN VltNtAs At 31.821 1.9.22 Uttrethl¢ted 228.4S2 10.231 5.777 3.949 70J04 lublkt 237,361 10.231 5.877 4,408 71,92 MoohuTrJrEd Club He&$4wnus Building Fw¥A 459 1.616 31L713 329,797 TOTAL FbThD6 311.713 329.797 Na in iKludtyJ in aknTe•r¢ a% follo. Frid$ Of Your¥ Ch MINJhwr¢d Club He¥$ BuiJthDg Fthhj 15.198 (76.289) 169 1.616 1410) 459 1,616 17.781 176.6W} 11,084 (70,099) 11,084
Tr¢ •fYM V•rn¢v¥ N•t¢J t• th¢ FluDci•l SweN¢mts. f•r the Yur 31 AlItl3 MOVEM IN FUNtAS.wRtlThd 1.9.21 31.8.22 G¢tttral fimd 214.167 10231 15.715) 228.452 lo. I Frietrds of LAnGthitt Yow¥ Frn aub hundred Club Headquarter5 Building FLMkl 277 1,672 3,949 70.304 321059 {3.346) 311,713 TOTAL VIINDS 322.059 (3,5461 31&713 Re5c4CeS Movoim in funth V•rtJtrlrid GcncTrl fi]N MtyJhUrred Club H¢AdqUart Buihlin8 Fw4t 89,871 1.925 {95.586) (253) {5,7151 1.672 697 91493 195.839) 13.346} TOTAL FUNtAs 92,493 {95,839) (33461 A current year 12 TWM)ryear 12 mrrdhsttJrnbirYd p)sitiofi Is ts hllow5: Net At 31.8.23 A¢ 1.921 234.167 10231 5.777 Z277 69.607 3.194 237J61 10231 5177 4.408 71.920 Jubtlee Frietlts Yory Club Hcadquuth Building Fw 2.131 1313 322.059 7.738 329.797 TOTAL FUND5 322,059 7.731 329,797 P4¢ 12
Th¢ t•M¢•hire F¢dvAlkn• of YM•i D¢¢•lled St•tetht ArtivlllH fw the Yttr Ewkd 31 A•Rwt 2013 31 K_23 31.822 INCOME AND ENDOWMFNrs Doll¥¢lo And ltytlts DOlonS and sm)motthip &451 5.039 lttvertm¢Dt imeowbt De1 inlciesi 4.398 ChArttablt •ttlYl¢l AtTiliation fces 35,108 10552 25.127 35,675 16,155 27.347 Natiottyl I 71,487 79.177 (hker tnrgrne Sundry incoffle Room hir¢ 3.447 6.740 383 3,447 7.123 Totxl reM•Ytu t7,783 92,493 Ev¢nt COgLS atioMI leyy TvavEI Im¢rnbaJ) Dtp]]ations and 5uEqqiptio 12320 18,956 17,511 32.932 493 345 31116 51.211 Support co 24J02 SS4 539 6.314 1.766 673 3S9 A073 41,080 24.179 3.479 1,732 947 559 4.924 J6.735 Lig1 aThJ TelcplNJnt Su)yJri Carried forw Py14
31.8.23 31.822 41.080 234 36,73S 3.157 850 Photti4Mtt leasit Adv¢rn athl wrb5ite ixttJrÈs ffflin85 lJ99 43,454 42,441 Flma*¢¢ 1240 720 720 1.9fAI 1053 76,699 95,839 11.084 {3.346) Py15