REGisfERED cHAR￿y NUMBEK. 511363
Fkn*cknl S￿1*￿ts 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
F*nNers Cl
Rwrt ofth¢ Truttti
fw the Vur JI Awrt 2013
have the Provi%￿￿& of A¢rOW￿l11& Rewiing Dy IJwiiie5'. Sl*ernait o[RLX(ffio￿ P￿1(* •rolicabl¢
dwilit* their In tt¢ardw with the Fin**ial 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¢i*rd
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
d￿ClopMent of spirimal and mthtal KJfrfdi*m iryjivi￿l re5wwibillry xj firti
m*llrity ¥ individu￿$ and rnemlm ofth¢ wrrtmunity.
reviwwiw the Chariry's aim obitrtives in pF*nniro is fimwt ￿1vIlla lft T￿1911￿. 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) Affili*son fe
21 SO¢1￿ ftuthisirg cva
3) Donoti0Tr4
4) Room letti
n￿ANCIAL REVIEW
Rderves policy
The T￿￿￿e8 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 it*thn¢ 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 4￿1¢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 M￿NAGEM￿￿r
Tr dwity 15 LU¢YOtlal by its a deed of trwt •nd¢ttM(i￿s wi￿￿(4} ¢hu4ty.

Re￿rt 4ifthTrwtt
fo* the Yujr 31 2023
srRUrn& GOVERNANCE Af4D MAi%ACLMEr
Thttc is a Board of CThaTity Ttus*e5 ofwlu)rn arc ovu 11 ycar50f4r Ind w￿31￿[1 bt th¢TTuBfces ofthc awity.
The Board consists of tk followi￿.
CO￿ Prtsidej
County Chair
CDunty Vice CThair
prevt0￿8Years County Chair
County AGM ¢J¢cts a fiuther 5 TnLUCC5 of T*hith mug be Vice PrtSid￿ty of thr Cow FedcratioH and thre¢
others arc t￿1 cwrently elcctr4J ￿ otT4£e in the Cthmty FethraiOtL
Each elerted TNstee ￿11 serve foT a of 5 Yr3￿ Tnu*ts 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 *lfflinistr*tiM •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 frt￿1 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 T￿￿Et- Chair (arwmed 17.123)
M5 H A Stknfi¢ld Tnwee
M H HwJdley Tnjstee Ircsigtied 24.1112)
A D Brixgs Truste¢ {resi￿j Ig.01.221
N HodkiD3nn Trustee laprK)itrt¢d 24.11.22)
Ms A R CthrKrTnJstee
Ms S Davies T￿￿ee
M Pewson TN5L¢¢lappJifttd 24.11221
M ￿￿rner Tnw¢¢ lapwpl￿ed 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: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out  in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no 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¥r￿￿5

FarryeTr Cts
l*•tr Sb¢¢¢
31 Awst 2023
31.8.23
31.8.22
Total
FIXED A&SETS
T￿Ible ￿¢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•ternt*ts
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¥L￿tIng 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 Re￿￿11¢ 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￿ staeme￿ts 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
pro￿ble th* the inu)mewill be received al￿ the ￿U￿1 be measlxed reliably.
Affi11￿10n ftt$ rttognistd in the F￿0d 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 dor￿l￿ 18 subi¢¢t th ¢ofyliiitifrt fequire A level ofperfonnArt¢ betovt the Charity IÈ entitled to
the &)￿1$, the income is deferred af41 Mi rteo￿lSU1 ￿111 eitrrtr o)￿li10rL$ 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 Sovcn￿lcnI wnd othEr kr*n￿ wlthr 'c4vi￿, 01 'Te¥th￿. gronts,i5 reco￿ls¢d wh¢n th¢
Iwity has EMiilen*r# fo the fimd> w ￿(Om￿￿ ayth io tht EranLS have md. il 15 woFAble
that thc Ir￿Me will Lx Te¢eived aJMI amow[￿ k m¢8gJred reliably aNI is defcrrtd.
lThterest on hetd m de￿1¥ is TeL*tvabie 8thJ Can be rnt￿Ted Teliably by the
ity: Ihi5 is EM)rmaity ry)I1fitatx￿ ofthe paid or payable by the Bank
Ltabiliites are recogniscd &8 ex[￿thI￿re SODn as there is a leRai Obli￿lon CDmmrtiirtg charity
thai eXp￿￿1￿rC. li 15 prob*¢ that a vansfe¥ of bts￿rIts will be rquired in sailcmeni and the
of thc obliwion be me49Jrtd rtli4bly. Exp#¥JiDrc is accowrtC41 for on aTh A¢¢n￿$ b￿lS and h•s ¢i￿lf1
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 k*is cwsiwt with of rtswrtts.
T*xtible Ilyed wets
Depre¢iaiion uswovid¢d at the followittg t4trS in PTtIc0ffe￿ •ss¢t its ¢Aima￿l Lty¢f￿ lif
Fixtsjr￿ fittin
33%
Stgrkl
Stsxks arr val￿1 * the h)w¢r of cost aNI ￿ r¢alisabk v* fflakiDg (or ob*)lete ￿ slow
rnoving It￿5.
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 p￿Le￿I* Ttwic*d prrx>ses within the oltht dmrrty. Re*i¢tion%
rrtinued...

ThelAAtuhlrt Federntl•* 4•f Y•••z
Nots4 to the FID*ieiAI Si*teThaJlS. 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 >* Ind￿￿1 irtts tr) statem
Th¢ ¢harity a defined ￿¢L￿tiOn GymknrtiOTL8 wable w tl* chariiys pe￿1￿￿ I￿￿￿e
ar¢ ¢hars¢d A tk S+2temert of FitW￿l￿1 A"":.ri1￿$ the N"od w Whi￿ TLet:.
FlnADtlal ins¢ThrAt•ts
ejected w apply the PTtrViSiOnS of S¢aNin I I 'B•5ic PIT￿1￿1￿ 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
I￿lY •ifor¢¢•blt right to sd CÉT I￿&￿15￿j thttt ts zn trw•won ￿ mle on a ntt b*i#
T￿lse the ntt &ssct 5etV¢ th liabilit).
BAsk IIDABcl*l amets
BLsic fir6anGiaJ 7*hi¢h tr￿lU￿¢ d¢b￿S aTKI at#t bat* blllllrKr4 ¥¢ i￿ltiallY tr￿￿(lory wi¢e
irKluding traI￿￿tion costs 2nd are s*(ty wied at ro4S wn8 thc effedivt interest rnetr￿ unl¢&8
th¢ aTrwwtm¢m wtLStitu¢&% a finttncing trans&t1￿ thc fdr*aaion 1$ tTrW5ured at tht PT¢SCnt valuc of tht
fumre Tectipts di5¢oUnt￿ 3L s mth n* of inttt£L FIr￿￿ka1 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¢qu￿ty
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 mea￿￿re[l¥blY ￿ mwJTrd & c05[ I¢ss
impairmcnE.
Finanrial 355ets. uther thgn ttw5e tKid al fwrVaI￿Tw rKofii iy gre 05￿cd ts i￿]1￿1￿ ofiryairm¢nt
ch rep)rtin8 er¥1 da
FirMnG*l 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¢ ￿na￿la] asseL lh¢ ￿l￿rIed fvDty¢ ¢ash lov¢ atYfftC41 If is
i￿￿1r¢& the impairment N)ss is ihe diffcTfJKt bcthen the Carryittg •JTh)uni the preseni vlu¢ of ¢#ima*d
¢Lth ljows dIko￿teA atthe a%*etS Dr*8it￿ effeitivt iMeTeA The impaEr￿1￿s 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
traA*ferred to amther party thot ig abkto sell in its elltirdy Ta unrela*d third pty.
EmployèÈ
jntin￿d...

The l*Ne•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
imned1￿ty 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 Au￿1 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&$4wnus Building Fw¥A
459
1.616
31L713
329,797
TOTAL FbThD6
311.713
329.797
Na in iKludtyJ in aknTe•r¢ a% follo￿.
Fri￿d$ Of Your¥ Ch
MINJhw￿r¢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 A￿lIt￿l3
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
Re5c4￿CeS Movoim
in funth
V•rtJtrlrid
GcncTrl fi]N
MtyJhUr￿red 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•teth*t ArtivlllH
fw the Yttr Ewkd 31 A•Rwt 2013
31 K_23
31.822
INCOME AND ENDOWMFNrs
Doll¥¢lo￿ And lty*tlts
DO￿lonS and sm)motthip
&451
5.039
lttvertm¢Dt imeowbt
De￿￿1 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