BLirgis & Bill1￿k Our Ref.. WAR2299/WAH the natural choice The Board of Trustees Warwickshire County Federation of Young Farmers YFC Centre Tenth Street Stonelei8h Park Kenilworth Warwickshire CV8 2LG Dear Sirs, Communlcatlon of Independent examlnat5on matlerstothtsse charged wlth governance In respect of the ffnanclal ststen)ents for the year ended 31. Au8USt 2025. Independent examlnei$ statement We intend to Issue a Statement which indicate5 that no matter5 have come to ourattention to 5U88est th3t the charity's financial statements lor the year ended 31° August 2024 are materially mi5Stated. However, in carryin8 Out our examination we noted a number of weaknesses in the keeping ol your 3ccounting record5, particularly those recording cash transactions from events held. We would therefore draw your attention io the following points.. The charity operates with significant cash based attivities, however in some instan£es insufficieni records of the cash expenditu￿ incurred at the events was malntained. We appreciate thai improvemenis have been made post year end and records ol cash movements are now bein8 maintained. We would recommend ihat this is continued in order to improve financial accuracy and conrrol. We also recommend obtaininR invoices and documentation for all expenditure iransattions where possible. These records should be regularly reconciled with any remainingcash balances and/or amounts deposited in the bank accounts. Under5taThdin8 and applyin8 accrua15 accounting- that is. r￿ognIsing income aThd expeThse5 in the period they relate to rather than wheTh cash changes hands is key to presenting a true an¢Y fair view of your financial position. We are happy to provide training or support if you would like to Bet a better understanding of this concept. Membership debtors include amounts due from 2023 amountiThg to £4,113 and at the date of this letter these amounts were still outstandinB. If you consider ihat rt Is unlikely that you will receive a particular debt then this should be provided for as a potential baé debt. As specified in the Countyconstitution. eèch member shall be responsible for the collection and payment ol such subscriptions by the 31" January each year, any member subscriptions unpaid by the due date shall. ai the diSc￿tion ol ihe Executive Committee, forfeit the right to panicipate in attivities Finally, we would like to formally extend our thanks to Mary-Ann Beaty. together with other members of staff for the assistance they have given us during the Independent Examination process. T4kiph￿8Ol$26 451fAK FaxhThibo192649)7￿ E￿1 VAT No." 272 9)74 63 Offires at Spa ll L￿dDTr ll NunEatiM ll Rugby ll Stratsd Av Af￿ pattr￿S Is request •TIAG BLirgis & Bill1￿k Yours faithfully the natural choice Buryls & Bullock On behalf of the trustees. l acknowled8e receipt of the above. Chair to the Board of Trustees T4kiph￿8Ol$26 451fAK FaxhThibo192649)7￿ E￿1 VAT No." 272 9)74 63 Offires at Spa ll L￿dDTr ll NunEatiM ll Rugby ll Stratsd Av Af￿ pattr￿S Is request •TIAG Charity reglstratlon number 523045 (England and Wales) WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS LEGAL AND ADMINI￿RATIVE INFORMATION Trustees W Rowland G Payne A Lynch K Walsh Ichairl N Birch R Wilson R Mitchell M Brandreth B Harrison L Paxton TLea O Jones H Burton M Mcmahon (Appointed 10 Ortober 20251 Appointed 25 September 20251 (Appointed 25 September 20251 Appointed 25 September 20251 (Appointed 25 September 20251 (Appointed 25 September 20251 Charlty number 523045 Prlnclpal address YFC Centre Tenth Street Stoneleigh Park Kenilworth Warwickshire CV8 2LG Independent examlner Burgl5 & Bullock 23-25 Waterloo Place LeaminBton Spa Warwickshire CV32 SLA WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS CONTEKf5 Tru5tees' report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-18 WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS TRU￿EE5. REPORT FOR THE YEAR ENDED 31 AUGUST2025 The trustees present their annual ￿port and financial statements for the year ended 31 August 2025. The accounts have been prepared in accordance with the accounting policies set OLrt in note I to the accounts and comply with the charity's constitution adopted 1937 as amended 12th November 1971 and 17th November 2006. the Charities Act 2011 and the Statement of Recommended Practice. Accounting and Reporting by Charities" updated l January 2019. Oblectlves and a¢tlvltles The object of the County federation 15 to advance the education of young member5 of the public at large in agritulture, home crafts, country life and related subjetts. • in the interests of the social welfare of such members, to provide and promote the provision of facilities for iecreation 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 responslbility $0 that they may grow to full maturity as individuals and members of the community. The trustees have paid due regard to guidance issued by the Charity Cornmi55ion regarding public benefit in deciding what activities the charity Should undertake. Publ1¢ Beneflt Wlth members often living In rural and isolated areas, WFYFC gives those members a chance to be a part of a wider community with a network of like-minded individuals. It provides invaluable life lessons for those that Wlsh to harness them such as public speakin8 skills, accounting skills and many, many more. In normal circumstances, the committees within WFYFC work hard to raise money to support not only it's members through activities and competitions, but to also raise money to donate to charities. The countv also helps to facilitate its, clubs to raise money for charities and other local causes - and through this provides support for the public. WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS TRU￿EE5. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Flnantlal revlew 2025 was another challenging year for Warwick5hire YFC but they finished in a more stable position than they started. With the small1055 of £115, a great improvement on the previous year 2024 which a150 was adjusted to show cash in hand at the end of 2024 financial year which wa5 not allocated before. Therefore, showing 3 ££5,9241055 rather than the £11,629 35 previously thought. Membership is slightly down 316 Members for 2025 compared with 349 Members in 2024 and the Federation does rely on a key few Members. Supporters of the Federation including the Presiilent, Vice Presidents and Staff Management Committee are doing all they can to support the Members and will continue to do $0 to keep the Federation in good stead. A slight increase in the levy meant the membership income was maintained. Fundra5slng Is key part of the Federation and continues to grow. The annual Tractor Run was In Its 3Td year and popularity increased revenue. Other events which depend on membership attendance such as the rally 'doo' and competitions day 'doo' are reliant on what other events are on in the area- as we are tied to dates by our generous venue hosts. Another fundraising avenue was set up in June 2025 which is the WFYFC 200 Club. Supporters join for £36 per year and the 3 winners per month receive half the entry money for that month in prizes and the other half goes to support Warwickshire YFC. This is on on80in8 fundraisin8 method and we hope to attract as many supporters as possible. Ensuring the Membership has support when they need it and advice when they ask for it is the Trustees, aim. WFYFC continues as a fantastic membership led organisation. It is the policy of the charity that unrestricted funds which have not been (lesiBnated for a specific use should be maintained at a level equivalent to between three and six month's expendilure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in fundin8, they will be able to continue the charity's current acrivities while consideration is given to ways in which addlt5onal funds may be raised. At 31st August 2025 total reserves stood at £72,682. These include Designated funds of £26,447 split as following,. £10,460 for potential future lease or purchase costs of new premises, £3,987 for use in training and similar costs (Arc reserve), £12.OCKI has been set aside as a contingency fund to cover unforeseen emergency expenditure. The remaining £40.645 are general unrestricted funds to be used in ongoing furtherance of charitable activities. WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS TRU￿EE5. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Stru¢ture. governante and management The charity was established by a charitable trust deed in 1937 which was amended 12th November 1971. The trustees who served during the year and up to the date of Signatu￿ of the financial statements were: E Carvell (Resigned 26 September 20241 M Bailev (Resigned 22 February 20261 M Ingram (Resigned 25 September 20251 A R055 (Resigned 26 September 20241 W Rowland G Payne D Odell (Resigned 26 September 20241 A Lynch J Hall-weblev K Walsh (Chairl l Mason J Polnton L Mann N 8irch (Resigned 26 September 20241 (Resigned 26 September 20241 (Resigned 26 September 20241 (Resigned 25 September 20251 B Chapman H Rowland S Ross M Meadows R Wilson R Jeyes R Mitchell M Brandreth C McDaid (Resigned 26 September 20241 (Resigned 2S September 202SI (Resigned 25 September 20251 (Resigned 2S September 202SI IResi8ned 25 September 20251 IResi8ned 25 September 202SI (Resigned 25 September 20251 (Appointed 10 October 20251 (Appointed 25 September 20251 (Appointed 25 September 20251 Appointed 25 September 20251 (Appointed 25 September 20251 (Appointed 25 September 20251 B Weetman B Harrison L Paxton TLea O Jones H Burton M Mcmahon The Trustees are elected annually at the first Executive Meeting following the Annual General Meeting which aim5 to be held in November. WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS TRU￿EE5. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 The Federation is administrated by the Executive Committee, which is made up of two representatives from every affiliated Young Farmers Club within the County of Warwickshire together with CoLJnty Officers, Vice Presidents and c(fropted members. Only the two representatives from each Club may vote on this committee. The day to day running's of the Federation is managed by the County President. the Chairman. the Vice Chairman. the Treasurer and the County Administrator lan employed member of staff l. Three other Committees have existed during the current financial year, those being Finance and Or8anisation Comrnittee, Activates Committee and Rally Committee. These committee5 concentrate on the detailed work of their respective responsibilities and report to the Executive Committee. The trustees. report was approved by the Board of Trustees. K Walsh (Chalr) Trustee 09 Jul 2026 Dated.. WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS INDEPENDENT LXAMINER'S REPORT TO THE TRUSTEES OF WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CWBS I report to the trustees on my examination of the financial statements of Warwrckshire County Federation of Young Farmers Clubs Ithe charity) for the year ended ai August 2025. Responslbllltles and basls of report A5 the trustees of the charity you are responsible for the preparation of the financial statements in actordance with the requirements of the Charitie5 Act 2011. I report in respect ol my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commisslon under section 1451511bl of the Charities Act 2011. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordènce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charilies.. Statement of Recommended Practice issued on l April 2005 which is referred to Sn the extant regulations but has now been withdrawn. l understand that this has been done In order for financial statements to provide a true and fair view In accordance with Generally Accepted Accounting Practice effertive for reporting periods beginning on or after I january 2019. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Charities Att 2011. the financial Statements do not accord with those record5; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the financial statements 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 financial statement5 to be reached. Wende Hubbard FCCA Burgis & Bullock 23-25 Waterloo Place Leamington Spa Warwickshire CV32 SLA 09 Jul 2026 Date- WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS STATEMENT OF FINANCIAL A￿1VITIES IINCWDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST2025 As rèstated Total Unrestrictedunrestricted funds funds general designated 2024 2024 As reststed Total Unrestrictedunrestricted funds nds general designated 2025 2025 2025 2024 Notes Income from: Donations and legacies Membership Income Charitable activities Investments 400 10,133 37,031 105 1.540 9,374 29,106 114 1,540 9,374 29,106 114 10,133 37.031 105 Total Income 47,669 47,669 40,134 40,134 Expendlture on: Raising funds Charitable activities 5,751 42,033 5,751 42,033 3,511 42,547 3,511 42,547 Totsl expendbture 47,784 47,784 46,058 46,058 Net expendlture and movement In funds 11151 11151 15,9241 15,9241 Re¢oncillatlon of fvnds: Fund balances at I September 2024 46,350 26,447 72,797 52,274 26,447 78,721 Fund balances at 31 August 2025 46.235 26,447 72,682 46,350 26,447 72,797 The Statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie5. WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS BALANCE SHE ASAT31 AUGUST2025 2025 2024 Notes Flxed assets Tangible assets 13 317 423 Current assets Stocks Debtors Investments 14 3.357 32,537 2.399 51,109 15 16 37,625 2,294 45,155 Cash at bank and in hand 89.402 85,074 Credltors,. amounts fallln8 due wlthln one year 18 117,0371 112,7CN)I Net Current assets 72,365 72,374 Total assets less Current Ilabllltles 72,682 72,797 The funds of the char￿V Unrestricted funds- general Unrestricted funds- designated 46.235 26,447 46,350 26,447 19 72,682 72,797 09 Jul 2026 The financial statements were approved by the trustees on . K Walsh (Chairl Trustee WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmE￿r5 FOR THE YEAR ENDED 31 AUGUST2025 A¢¢ountlng poll¢les Charlty Informatlon Warwickshire County Federation of Young Farmers Clubs is an unincorporated charity, based in England and Wales, established by a charitable trust deed in 1937. The charity'5 principal address 15 YFC Centre, Tenth Street, Stoneleigh Park, Kenilworth, Warwickshire, CV8 2LG. 1.1 A¢countlng ¢onventlon The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities- Statement of Recommended Prartice applicable to charities preparing their accounts in atcordante with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191 The charity is a Public Benefit Entity as defined by FRS 102. The charlty has taken advantage of the provSslons in the SORP for charltles applylng FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has Since been withdrawn. The financial statements are prepare(J in sterling, which is the functionJl currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Prlor perlod error The prior year comparatives have been restated to refiert the following changes'.- Unbanked income of £S,705 was not included in the correct period. The effect of this adjustment has been to increase income and petty cash by the same amount. 1.3 Golng concern At the time of approving the financial ststements, the trustees have a ￿asOnable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the Boing concern basis of accounting in preparing the financial statements. 1.4 Charitable fund5 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcles {Contlnuedl 1.5 Income Income is recognised when the charity is legally entitled to it after any perforrnance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Membership subscriptions are recognised over the year in which it they relate. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unle55 performance conditions require deferral of the amount. Social lottery income is recognised when the tickets are sold, where tickets are sold in advance of draw, income is deferred until the draw date. 1.6 Expendlture Empenditure is classified by activity. The costs of each activity are made up of the total of direct C05t5 and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity are apportioned between those activitie5 on a basis con515tent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.7 Tan¢lble flxed assets Tangible fixed a55ets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less thelr residual values over their useful lives on the following bases.. Fixtures, fittings & equipment 25% reducing balance The gain or loss arising on the disposal of an asset is determined a5 the difference between the Sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.8 Impairment of fixed assets At each reporting end date. the charity review5 the carrying amount5 of its tangible a55et5 to determine whether there 15 any indication that those assets have Suffered an impairment 1055. If any such indication e¥i5tS, the recoverable amount of the asset is estimated in order to determine the extent of the impairment1055 lif any). WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcles {Contlnuedl 1.9 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net reallsable value Is the estimated selling price less all estimated costs of completion and costs to be Incurred in marketing, selling and distribution. 1.10 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call wlth banks, other short-term Ilquiil investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin￿ in current liabilities. 1.11 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Sectlon 12 '0ther Financial Instrument$1ssues' of FRS 102 to 311 of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basi¢finon¢iol ossets Basic financial a55et5, which include debtor5 and cash and barbk balantes, are initially measured at transaction price including trarbsaction c05t5 and are subsequently carried at amortised cost Using the effettive interest method unle55 the arrangement constitutes 3 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 10- WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcles {Contlnuedl Bosiclinoncigl li¢7bilities Basic financial liabilitie5. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financin8 transartion, where the debt instrurnent 15 measured at the present value of the future payment5 discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay fof goods or services that have been acquired In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are reco8nised initially at transartion price and subsequently measured at amortised cost using the effective interest method. Derecoqnltlon oAllnonclulllabllltle5 Financial liabilities are derecognised when the chariws contractual obligation5 expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's service5 are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the ernployment of an employee or to provide termination benefits. 1.13 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Donatlons and legacles Unrestrirted Unrestrlcted funds funds 8eneral general 2025 2024 Donations and gifts 400 1,540 WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income from ¢harltable artlvltles Unre5trirted Unrestricted funds funds 2025 2024 MembershSp 5ncome Sales of services by beneficiaries Less.. National levv 24,735 114.6021 23,732 114,3581 10,133 9,374 Income from charbtable 0rtSvStles As restated Unrestrlcted Unrestrlcted funds funds 2025 2024 Competitions & fundraisin8 Social lotteries 36,530 501 29,106 Fundraising 37,031 29,106 Prior year competitions & fundraising income has been reststed to recognise unbanked income of £5,705 not included in the corrert period. Income from Investments Unrestrlcted Unrestrlcted fund5 funds 2025 2024 Interest receivable 105 114 12_ WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Expendlture on ralslng fvnds Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundraising and publicity Seeking donations, grants and legacies Sotial lotteries 5,500 251 3,511 5,751 3,511 Expendbture on charitsble actlvltles Charbtable artl¥ltles 2025 Charltable a¢tlvltles 2024 Dlrect costs Staff costs Depreciation and impairment Competitions & fundraisin8 Insurance Postage. telephone & office expenses Sundry expenses Bank charge5 16,157 106 16,196 319 4.312 936 21 15,271 212 19,561 218 3,944 323 30 38,047 39,559 Share of support and governance ¢05ts (see note 81 Governance 3.986 2,988 42.033 42.547 Analysis by fund Unrestricted funds- general 42.033 42,547 13- WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Support costs Support Governance costs 2025 2024 Independent Examination fees Legal and professional 1,550 2.436 1,550 2.436 1,975 1.013 3,986 3,986 2,988 Analysed between Charitable activities 3,986 3.986 2,988 Net movement In funds 2025 2024 The net movement In funds is ststed after char8in8llc￿dit1n8l'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 1,5SO 106 1,975 212 10 Trustee5 Durin8 the year, one of the trusiees provided a small loan on two separate occasions totalling £750 to id with the running of two events. In both occasions, the amounts were repaid shortly after the event. A related party of one of the trustees ￿ceiVed an amount from the charities lottery draw, this totalled £25.20, there were no preferential terms provided to the trustees and their family. One of the trustees incurred expenses of £375 in relation to travel and mileage during the year. 12024: no expenses were incurred or reimbursed to trustees lor persons connected with themll 11 Ernployee5 The average monthly number of employees during the year was.. 2025 Number 2024 Number 14_ WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 11 Employees {Contlnuedl Employment Costs 2025 2024 Wages and salaries 16.157 15.271 There were no employees whose annual remuneration was more than £60,1￿. 12 Taxatlon The eharity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tanglble Ilxed assets FlAt￿re5, Attlw5 & e9ulpment Cost At I September 2024 2,632 At 31 August 2025 2,632 Depreclatlon and Impalrment At I September 2024 Depreciation charged in the year 2,209 106 At 31 August 2025 2,315 Carrying amount At 31 August 2025 317 At 31 August 2024 423 14 Stocks 2025 2024 Finished goods and goods for resale 3,357 15- WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 15 Debtors 2025 2024 Amounts falllng due wlthln one year- Amounts due from members Other debtor5 32.537 31,596 6,029 32,537 37,625 16 Current a55et Investments 2025 2024 Un15sted Investments 2,399 2,294 17 Cash at bank and at hand As restated 2024 2025 HSBC current account NS&I Investment account Virgin money account Petty cash account 12,261 13,596 38,848 25,453 6,106 $1,109 45,155 Prior year petty cash has been reststed to recognise unbanked income of £5,705 not included in the correct period. 18 Credltors: amounts falllng due wlthln one year 2025 2024 Other taxation and Social security Creditors Accruals and deferred income 262 11,020 5,755 10,725 1,975 17,037 12,71)0 16- WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 19 Unrestrlrted funds- deslgnatsd These are unrestricted funds which are material to the charity's activities. At l At 31 August September 2025 2024 General Reserve Building Fund Arc Reserve 12,C 10,460 3,987 12,C 10,460 3,987 26,447 26,447 Pre¥5ous year: At l At 31 August September 2024 2023 General Reserve Building Fund Arc Reserve 12,CK)O 10,460 3,987 10,460 3,987 26,447 26,447 20 Analysls of net assets between funds Unrestrlcted Unrestrlcted funds funds general deslgnated 2025 2025 Total 2025 At 31 August 2025.. Tan8ible a55et5 Current assetsllliabilitiesl 317 317 45,918 26,447 72,365 46.235 26.447 72,682 17_ WARWICKSHIRE COUNTY FEDERATION OF YOUNG FARMERS CLUBS NOTES TO THE FINANCIAL ￿ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 20 Analysls of net assets between funds {Contlnuedl As ￿$tsted Unrestricted Unrestricted funds funds As reststed Total general designated 2024 2024 2024 At 31 August 2024.. Tangible assets Current a5set5111iabilitiesl 423 45,927 423 72,374 26,447 46,350 26,447 72,797 21 Related party transa¢tlons Other than those specified in Note 10, there were no related party transactions during the year. 18- warwicksh1￿ County Federation of Young Farmer5 Clubs YFC Centre Tenth Street Stoneleigh Park Kenilworth Warwickshire CVÈ 2LG Bur815 & 8ullock 8 Elrncourt Arden Street StratFord upon Avon CV37 6PA Dear Sirs The following representations are made on ihe basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connettion with your independenr examination of Warwickshire County Federation ol Young Farmers Clubs financial statements for rhe year ended 31 August 2025. These enquiries have iniluded inspecrion of supporting documentation where appropriate. representations are made to the best ol our knowledge and belief. General We have fulfilled our responsibilities as directors I trustees as Set out in the terms of your engagement letter dated 25 July 2025. under the Companies Art 2¢J16 and Charitie5 Act 2011, lor preparing lin3ncial 5taternents in accordance with applicable law and Llnited Kingdom Accounting Standard5 (United Kingdorn Generally Accepted At£ountin8 Practice) and bein8 satisfied that they 8ive a true and fair view and for makin8 accurate representations to you. We confirm that the charity was entiiled to exemption under section 144121 of the Charltles Act 2011 from the requirement to have its financial staiements for the financial year ended 31 Au8USt 2025 audited, All the transactions undertaken by ihe charity have been propedy reflected and recorded in the accountln8 records. All the accountin8 records have been made available to you for the purpose ol your Independent examination. We have provided ¥mv with unresiritted access ro all appropriare persons within the charity, and with all other records and relaied inlormatioTh requ￿ted. includin8 minutes of all managernent and trustee rneetings. The financial staternent5 are free of material misstatement5. including omissions. We confirm that it was correct to include adjustments to the financial statements to reflect the corrected opening balance p051tion a5 well those relatin8 to the reco8nition of income and expenditure in the correct financial years. Internal control and fraud We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent anil detect fraud and error. We do not consider the financial statements may be missiated as a result of fraud. There have been no known or susperted instances of fraud affecting the charity, involving management, employees who have a significant role in internal control or others. that could have a material effect on the financial statements. There have been no allegations of fraud or suspected fraud affe(ting the charit￿5 financial statements communicated by current or fortnei employees. analy5t5. vegulators or others. Assets and liabilit￿$ 10 The charity held stock of £3.356.54 ai the year-end. 11 There were no fixed asset additions or disposals in the year. We do not consider that any fixed assets included in the financial statements are overvalued or impaired. 12 The charity has satisfactory title to all asset5 and there are no liens or encumbrances on the charitvs a55ets. except for thosethat are disclosed in the notes to the financial statements 13 We confirm that amount5 due from member5 of £32.537 at the year-en¢J. All material prepayments have been correctly calculated and at the year*nd no income had been accrued for. 14 We have informed you of all of the charitrfs bank accounts, includin8 any amounts held by third parties on behalf of the Charity. 15 We confirm that the petty cash balance of £nil at 31 August 2025 wa5 physicalty held at that date. has been properly recorded in the accouniin8 records. and rhere are no unrecorded petty cash balances 16 The Financial Statements include all known liabilities of the charity as at 31 Au8USt 2025. No security or 8uarantees have been 8iven to third parties in resm of any liabilities of the charity. 17 We have no plans or intentions that may marerially alter the carrying value and where relevant the fair value measurements or classification of assers and liabiliiies reflecred in ihe financial statements. 18 We confirm that where underlying documentation for cash transactions was not available the financial statements accurately reflect those transactions and contain no omissions. Income and expenditure have not been netted off within the firsancial statements. Re5ervts 19 We confirrn that total re5ervt5 held at 31" Au8USt 2025 amounted to E72.682 with £26,447 bein8 treated as Desi8nated Funds lor specific pufposes by the Board. Expendkure 20 All expenditure included in the fjnancial statements was properly intufred for the purposes of the Accountln8 estlmates 21 Significant assumptions used by us in makin8 accountin8 eslimat￿, Includin8 those measuring fair value, are considered ro be reasonably based. Loan5 and arrangements 22 The charity has not granted any asfvance5 or credits to. or made guarantees on behalf ol, directors/trustee5 Other than those disclosed in the financial statements. Legal clalms 23 There have been no claims either made by the charity or made against the charity which could potentially result in any litlgation or fina￿131 settlement. Laws and regulatlons 22. There have been no known instances of non