## **Trustees’ Annual Report for the period**
**From 1[st] November 2021 Period start date To 31[st] October 2022 Period end date**
## **Charity name: THE NORTHUMBERLAND FEDERATION OF YOUNG FARMERS CLUBS**
## **Charity registration number: 522171**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance the education of young
members of the public at large in
agriculture, home crafts, country life and
related subjects; and in the interests of the
social welfare of such members of the
public 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.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Led by young people, for young people, the
Northumberland Federation of Young
Farmers Clubs provides anyone aged 10 to
28 with a unique opportunity to develop
skills, work with their local communities,
undertake charitable work, travel abroad,
take part in a varied competitions
programme and enjoy a dynamic social life.
We work with these rural young people to
help them realise their full potential so they
can become active and valuable members
of their local community.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees confirm that they have had
due regard to the Charity Commission
guidance and are clear that the County
meets high standards of benefit to
members of the public.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Our events throughout the year have
continued to achieve our charitable
objectives, these included:
**Competitions:**
The competitions programme was back to
normal with a full programme of County,
Northern Area and National competitions
all taking place in person following 2 years
of adaptation to the rules during the Covid
Pandemic. Members were successful in
reaching the National finals of the following
competitions Performing Arts (Pantomime),
Sheep Shearing, Junior & Senior Dairy
Stockjudging, Junior & Senior Clay Pigeon
Shooting, County Choir, Dodgeball and
Senior Floral Art.
Our County Rally was incredibly successful
and well attended, and the first in person
Rally for 2 years having been held online
during the Pandemic. The day was well
supported with a high standard of entries in
over 70 competitions ranging from crafts,
cookery, sports, machinery handling,
stockjudging, singing/dancing. it was
fantastic seeing members showcasing their
skills and a brilliant opportunity to engage
with the general public to show the best of
the Young Farmers.
**Training & Awareness**
Club office bearer training was provided to
all club office bearers with additional
support provided as necessary during the
year. This ensured club chairs, secretaries|
and treasurers were given the tools to carry out their roles during the year. **Fundraising, Community and Charity Work:** Members have continued to work within their community with Clubs helping at many local agricultural shows assisting with car parking, helping with judging and stewarding. This included the Northumberland County Show where members helped steward in the cattle section. The Federation also had a trade stand which members staffed all day promoting the work and raising awareness of the organisation to the general public. Members also ran one of the show bars raising money for the Federation. In collaboration with the National Farmers Union (NFU) a Well Being Night was held with members and supporters taking part in a quiz and having a general social get together. In July also with the NFU a Farm Safety night was held with practical demonstrations with farm machinery . Donations from food and drink amounted to £160 which was donated to the Farm Safety Foundation. Members attended a presentation evening with the High Sheriff of Northumberland, we were delightened to receive an award in recognition of our contribution towards work in the Community along with a grant of £1500 to continue our work with young people. **Membership:** At the close of the membership year on 31[st] August 2022 the total number of members was 499. This is an increase of 169 members on the previous year. Membership numbers are now back to pre covid numbers.
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
||||
Investment performance Para 1.41 against objectives Other
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The Federation is in a strong financial
position despite the financial difficulties
caused by the Covid pandemic. The charity
operates from membership subscriptions
and annual fundraising activities to meet it’s
budgeted expenses. The charity made a
loss on the year of £3,944. The loss is
attributed to the cancellation of the
fundraising Christmas Party in December
2022 due to rising Covid cases and the
annual County Ball which was budgeted to
be held in October but was held in
November due to venue availability. The
profits from this will fall into the next
financial year. The charity also faced
increased operating costs with
consumables to run events, venue hire all
increasing in cost.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Federation holds approximately one
years running costs in reserves as advised
by the charity commission|
|Amount of reserves held|Para 1.22|n/a|
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
## **Additional information (optional)**
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any social investment policy Para 1.46 adopted A description of the principal Para 1.46 risks facing the charity Other
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated association|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed by the Executive
Committee and in line with our safe
recruitment policy.|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
## **Reference and Administrative details**
|Charity name|Northumberland County Federation of Young Farmers Clubs|
|---|---|
|Other name the charity uses|Northumberland Young Farmers|
|Registered charity number|522171|
|Charity’s principal address|Oak 3
Dissington Hall Enterprise Hub
Dalton
Newcastle upon Tyne
Northumberland, NE18 0AD|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||L LITTLE|EX COUNTY CHAIR||EXECUTIVE COMMITTEE|
||R MAITLAND|EX COUNTY CHAIR||EXECUTIVE COMMITTEE|
||D ROBSON|COUNTY CHAIR||EXECUTIVE COMMITTEE|
||E DUNGAIT|||EXECUTIVE COMMITTEE|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
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||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date**
|**THE NORTHUMBERLAND COUNTY FEDERATION**
**OF YOUNG FARMERS CLUBS**|**THE NORTHUMBERLAND COUNTY FEDERATION**
**OF YOUNG FARMERS CLUBS**|**THE NORTHUMBERLAND COUNTY FEDERATION**
**OF YOUNG FARMERS CLUBS**|Charity No
(ifany)|522171||
|---|---|---|---|---|---|
|Annualaccountsforthe period||||||
|Period start date|**01/11/2021**|**To**|Period end
date|**31/10/2022**||
## **Section A Statement of financial activities**
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
S07
**Resources expended (Note 5)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|
||16,599|-|-|16,599|15,722|
||14,198|750|-|14,948|-|
||8,848|-|-|8,848|3,667|
||64|-||64|-|
||39,709|750|-|40,459|19,389|
|||||||
||23,319|264|-|23,583|13,779|
||19,030|940|-|19,970|14,266|
||850|-|-|850|850|
||43,199|1,204|-|44,403|28,895|
|||||||
||3,490
-|454
-|-|3,944
-|9,506
-|
||-|-|-|-|-|
||3,490
-|454
-|-|3,944
-|9,506
-|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||3,490
-|454
-|-|3,944
-|9,506
-|
|||||||
||42,141|91,308|-|133,449|142,955|
||38,651|90,854|-|129,505|133,449|
1
## **Section B Balance sheet**
|**Fixed assets**
**Tangible assets (Note 9)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 10)**
**Debtors (Note 11)**
**Cash at bank and in hand (Note 13)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Restricted income funds (Note 14)**
**Unrestricted funds**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B02
B05
B06
B07
B09
B10
B11
B12
B13
B14
B15
B16
B18
B19
B21|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**01/11/2021**
**£**
**£**
F02
F03
F04|
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**01/11/2021**
**£**
**£**
F02
F03
F04|
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**01/11/2021**
**£**
**£**
F02
F03
F04|**Total last**
**year**
**31/10/2022**
F05|
|---|---|---|---|---|---|---|
|||694|-|-|694|926|
|||694|-|-|694|926|
||||||||
|||100|-|-|100|100|
|||3,449|-|-|3,449|2,084|
|||36,570|90,854|-|127,424|132,086|
|||40,119|90,854|-|130,973|134,270|
||||||||
|||2,162|-|-|2,162|1,747|
||||||||
|||37,957|90,854|-|128,811|132,523|
||||||||
|||38,651|90,854|**-**|129,505|133,449|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||38,651|90,854|-|129,505|133,449|
||||||||
||||90,854||90,854|91,308|
|||38,651|||38,651|42,141|
|||38,651|90,854|-|129,505|133,449|
||||||||
|||Signature||Print Name||Date of
approval
dd/mm/yyyy|
||||||||
||||||||
2
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by ✓ FRS 102.*
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
|Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
Disclosure of any uncertainties that make the
going concern assumption doubtful;
An explanation as to those factors that support
the conclusion that the charity is a going
concern;|**_N/A_**
|
|---|---|
||**_N/A_**|
||
**_N/A_**|
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
|Yes*
No*|✓|* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
|**_Please disclose_**|**_:_**|||
|**_(i) the nature of_**|**_the chan_**|**_ge in accounting policy;_**|N/A|
|**_(ii) the reasons_**
**_provides more r_**
**_and_**|**_why appl_**
**_eliable an_**|**_ying the new accounting policy_**
**_d more relevant information;_**|N/A|
|**_(iii) the amount_**
**_in the current p_**
**_the aggregate a_**
**_periods before t_**|**_of the ad_**
**_eriod, eac_**
**_mount of_**
**_hose pre_**|**_justment for each line affected_**
**_h prior period presented and_**
**_the adjustment relating to_**
**_sented, 3.44 FRS 102 SORP._**|N/A|
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
|Yes*
No*|✓|* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
|**_Please disclose_**|**_:_**|||
|**_(i) the nature of_**|**_any chan_**|**_ges;_**|N/A|
|**_(ii) the effect of_**
**_assets and liabi_**|**_the chan_**
**_lities for t_**|**_ge on income and expense or_**
**_he current period; and_**|N/A|
|**_(iii) where pract_**
**_more future per_**|**_icable, th_**
**_iods._**|**_e effect of the change in one or_**|N/A|
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
|Yes*
No*
**_Please disclose_**|✓|* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
||**_:_**|||
|**_(i) the nature of_**|**_the prior_**|**_period error;_**|N/A|
|**_(ii) for each prio_**
**_amount of the c_**
**_affected; and_**|**_r period_**
**_orrection_**|**_presented in the accounts, the_**
**_for each account line item_**|N/A|
|**_(iii) the amount_**
**_earliest prior pe_**|**_of the co_**
**_riod pres_**|**_rrection at the beginning of the_**
**_ented in the accounts._**|N/A|
3
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.1 INCOME**
## **31/10/2022**
|**Note 2 Accounting policies**
**2.1 INCOME**|**31/10/2022**|**31/10/2022**|**31/10/2022**|
|---|---|---|---|
|_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a_
_different or additional policy has been adopted then this is detailed in the box below._|Yes
No
N/a|||
|**Recognition of income**
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**2.2 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.||||
||✓||##|
||Yes
No
3904
|||
||✓
||0|
||Yes
No
0|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
18660|||
||||##|
||Yes
No
850|||
|||✓||
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
139381|||
||||##|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
4
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
They are valued at cost.
These are capitalised if they can be used for more than one year.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a|||
||||✓|
||Yes
No
N/a|||
||✓|||
||Yes
No
N/a
|||
||✓|||
||Yes
No
N/a|||
||✓|||
5
## **Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Note 3 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|
|---|---|---|---|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
6,750- -6,750 5,706
General grants provided by government/other
charities
- - - - -
Membership subscriptions and sponsorships
which are in substance donations
9,849- -9,849 10,016
**Total** 16,599 - - 16,599 15,722
**Charitable**
**activities:**
Entertainments and competitions
14,198 750
-14,948-
**Total** 14,198 750
-14,948-
County show
8,573- -8,573-
Stationery/supplies sales
275- -275 3,667
**Total** 8,848 - -8,848 3,667
Interest income
64- -64-
**Total** 64 - -64-
39,709 750
-40,459 19,389
**TOTAL INCOME**
**Other trading**
**activities:**
**Income from**
**investments:**
**Analysis**
**Donations**
**and legacies:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**||||||
||Donations and gifts|6,750|-|-|6,750|5,706|
||General grants provided by government/other
charities|-|-|-|-|-|
||Membership subscriptions and sponsorships
which are in substance donations|9,849|-|-|9,849|10,016|
||**Total**|16,599|-|-|16,599|15,722|
||||||||
||Entertainments and competitions|14,198|750|-|14,948|-|
||**Total**|14,198|750|-|14,948|-|
||||||||
||County show
|8,573|-|-|8,573|-|
||Stationery/supplies sales|275|-|-|275|3,667|
||**Total**|8,848|-|-|8,848|3,667|
||||||||
||Interest income|64|-|-|64|-|
||**Total**|64|-|-|64|-|
||||||||
|||39,709|750|-|40,459|19,389|
6
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Government grant**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants_**
**_that have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Coronavirus Grant|-|-|
||**Total**|-|-|
|||||
|||||
|||||
|||||
7
## **Section C Notes to the accounts (cont)**
## **Note 5 Analysis of expenditure**
|**Expenditure on**
**raising funds:**
Supplies
Countyshow
**TOTAL EXPENDITURE**
**Total other expenditure**
**Total expenditure on charitable**
**activities**
**Other**
National levies
**Total expenditure on raising funds**
Salaries and fieldworker costs
General running costs and
administration
Accountancy
**Expenditure on**
**charitable**
**activities**
Entertainments and competitions
Insurance
Depreciation
Salaries and wages
**Analysis**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|
|---|---|---|---|---|---|---|
||Salaries and wages|8,658|-|-|8,658|1,430|
||National levies|4,861|264|-|5,125|7,237|
||Supplies
Countyshow|3,229|-|-|3,229|5,112|
|||6,571|-|-|6,571|-|
||**Total expenditure on raising funds**|23,319|264|
-|23,583|13,779|
||||||||
||Entertainments and competitions|9,873|940|-|10,813|2,443|
||Salaries and fieldworker costs|578|-|-|578|2,371|
||General running costs and
administration|6,462|-|-|6,462|6,893|
||Insurance|1,885|-|-|1,885|2,254|
||Depreciation|232|-|-|232|305|
||**Total expenditure on charitable**
**activities**|19,030|940|-|19,970|14,266|
||||||||
||Accountancy|850|-|-|850|850|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total other expenditure**|850|-|-|850|850|
||||||||
|||43,199|1,204|-|44,403|28,895|
8
**31/10/2022**
## **Section C Notes to the accounts**
## **01/11/2021 Note 6 Details of certain items of expenditure**
## **6.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
## **Independent examiner’s fees**
|**This year**
**£**|**Last year**
**£**|
|---|---|
|0|0|
9
**Section C Notes to the accounts (cont)**
## **Note 7 Paid employees**
## _**Please complete this note if the charity has any employees.**_
## **7.1 Staff Costs**
|**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||9,236|3,801|
||-|-|
||-|-|
||-|-|
||9,236|3,801|
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
|**Band**|**Number of employees**|
|---|---|
|**£60,000 to £69,999**|0|
|**£70,000 to £79,999**|0|
|**£80,000 to £89,999**|0|
|**£90,000 to £99,999**|0|
|**£100,000 to £109,999**|0|
|||
|||
|||
**Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity**
|**The parts of the charity in which the**
**employees work**
**11.2 Average head count in the year**||**This year**
**Number**|**Last year**
**Number**|
|---|---|---|---|
||**Fundraising**|0.5|0.5|
||**Charitable Activities**|0.5|0.5|
||**Governance**|-|-|
||**Other**|-|-|
||**Total**|1|1|
10
31/10/2022
**Section C Notes to the accounts (cont)**
**Note 8 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
## _**8.1 Please complete this note if a defined contribution pension scheme is operated.**_
**Amount of contributions recognised in £75 the SOFA as an expense Please explain the basis for allocating Allocated in raising funds expenditure the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.**
11
## **Section C Notes to the accounts (cont)**
## **Note 9 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
## **9.1 Cost or valuation**
|At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
**9.3 Net book value**
**9.2 Depreciation and**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**|**Total**
**£**|
|---|---|---|---|---|---|---|
||-|-|-|7,819|7,819||
||-|-|-|-|-||
||-|-|-|-|-||
||-|-|-|-|-||
||-|-|-|-|-||
||-|-|-|7,819|7,819||
||SL or RB|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")|
|||||25% RB|||
||- - - 6,893 6,893
- - - - -
- - - 232 232
- - - - -
- - - - -
- - - 7,125 7,125
- - - 926 926
- - - 694 694||||||
||-|-|-|926|926||
||-|-|-|694|694||
12
**31/10/2022**
## **Section C Notes to the accounts (cont)**
## **Note 10 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **10.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**activities.**||
|---|---|
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**|**Stock**|
||**For resale**|
||**£**|
|||
||100|
||-|
||-|
||-|
||**100**|
|||
13
31/10/2022
**Section C Notes to the accounts (cont)**
## **Note 11 Debtors and prepayments**
_**Please complete this note if the charity has any debtors or prepayments.**_
**11.1 Analysis of debtors Trade debtors Prepayments and accrued income Total**
|**This year**
**£**|**Last year**
**£**|
|---|---|
|520|300|
|2,929|1,784|
|3,449|2,084|
14
31/10/2022
## **Section C Notes to the accounts (cont)**
**Note 12 Creditors and accruals**
_**01/11/2021**_
_**Please complete this note if the charity has any creditors or accruals.**_
## **12.1 Analysis of creditors**
|**Trade creditors**
**Accruals and deferred income**
**Taxation and social security**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||2,162|1,747|-|-|
||-|-|-|-|
||2,162|1,747|-|-|
15
**Section C Notes to the accounts (cont)**
## **Note 13 Cash at bank and in hand**
**Cash at bank and on hand Total**
|**This year**
**£**|**Last year**
**£**|
|---|---|
|127,424|132,086|
|127,424|132,086|
16
## **Section C Notes to the accounts (cont)**
**Note 14 Charity funds**
## **14.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**_funds_**|||||||||
|---|---|---|---|---|---|---|---|---|
|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|Unrestricted Funds|U||42,141|39,709|-43,199|-|-|38,651|
|HuntleyDunnOverseas|R|Members overseas travel|3,627|-|-|-|-|3,627|
|Office &EmergencyFund|R|Office and emergency costs|76,125|-|- 264|-|-|75,861|
|FenwickJackson|R|Legacy|675|-|-|-|-|675|
|ClubDevelopmentFund|R|Newor reviving clubs start up costs|2,811|-|-|-|-|2,811|
|Irene Fund|R|Clubs office bearers training|5,060|750|-850|-|-|4,960|
|NationalCompetition Travel|R|Members traveltonationalcompetitions|1,018|-|-90|-|-|928|
|Northern AreaTravel|R|Members travel|587|-|-|-|-|587|
|Northern AreaWeekend2021|R||1,405|-|-|-|-|1,405|
|**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-|
|**Total Funds**|||133,449
|40,459|- 44,403|-|-|129,505|
17
## **Section C Notes to the accounts (cont)**
**Note 14 Charity funds (cont)**
## **14.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|Unrestricted Funds|U||52,777|16,169|-26,805|-|-|42,142|
|Huntley Dunn Overseas|R|Members overseas travel|3,627|-|-|-|-|3,627|
|Office & Emergency Fund|R|Office and emergency costs|76,125|-|-|-|-|76,125|
|Fenwick Jackson|R|Legacy|675|-|-|-|-|675|
|Club Development Fund|R|New or reviving clubs start up costs|2,811|-|-|-|-|2,811|
|Irene Fund|R|Clubs office bearers training|5,335|-|-275|-|-|5,060|
|National Competition Travel|R|Members travel to national competitions|1,018|-|-|-|-|1,018|
|Northern Area Travel|R|Members travel|587|-|-|-|-|587|
|Northern Area Weekend 2021|R||-|3,220|-1,815|-|-|1,405|
|**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-|
|**Total Funds**|||142,955
|19,389|- 28,895|-|-|133,449|
18
**Section C Notes to the accounts (cont)**
## **Note 15 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **15.1 Trustee remuneration and benefits**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**TRUE**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|---|---|
|||**This year**||||**0**|
|||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**0**|
|||**£**|**£**||**£**|**£**|
||||||||
||||||||
|||||||**18660**|
|||||||**12870**|
|||**850**|||||
||||||||
||||||||
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **15.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
|**_enter "False"._**|||
|---|---|---|
|**No trustee expenses have been incurred (True or False)**||**_TRUE_**|
||||
|**Type of expenses reimbursed**|**This year**|**Last year**|
||**£**|**£**|
|**Travel**|||
|**Subsistence**|||
|**Accommodation**|||
|**Other (please specify):**|||
||||
|**TOTAL**|||
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
## **15.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
**There have been no related party transactions in the reporting period (True or False)**
|||||||||
|---|---|---|---|---|---|---|---|
|**There have been no related party transactions in the reporting period (True or False)**||||||**_TRUE_**||
|||||||||
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**
|
||||**£**|**£**|**£**||**£**|
|||||||||
|||||||||
|||||||||
|||||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
19
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name THE NORTHUMBERLAND COUNTY FEDERATION OF YOUNG **members of** FARMERS CLUBS **On accounts for the year** 31 OCTOBER 2022 **Charity no** 522171 **ended (if any) Set out on pages** 1-19
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** .
**Responsibilities and** As the charity trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with 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 2011 Act and in carrying out my examination, I have followed all the 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 (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect,:
- the accounting records were not kept in accordance with section 130 of the Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
* _Please delete the words in the brackets if they do not apply._
**Signed: Date: Name:** KENNETH ORD FCCA **Relevant professional qualification(s) or body (if any): Address:** TEDCASTLE FARM, HAYDON BRIDGE, HEXHAM,
**October 2018**
1
**IER**
NORTHUMBERLAND, NE47 6DB
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
## **Give here details of any items that the examiner wishes to disclose** .
**October 2018**
2
**IER**