Charity number: 524412
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 19 |
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025
| Trustees | Mrs K Morris, President (to 23 October 2025) |
|---|---|
| Mr M Porter, Chair (to 23 October 2025) | |
| Mr R Brooker (resigned 21 October 2024) | |
| Andrew Hardy (appointed 30 January 2025) | |
| Mr D Roberts (resigned 21 October 2024) | |
| Ms C Evans (resigned 21 October 2024) | |
| Mrs R Jones | |
| James Henderson, Chair (from 24 October 2025) (appointed 29 October 2024) | |
| Mrs C Preece | |
| Mr W Warner | |
| Ms R Brooker, President (from 24 October 2025) |
Charity registered number 524412 Principal office YFC County Office Shrewsbury Livestock Market Shrewsbury SY4 3DR Accountants WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG
Page 1
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report together with the financial statements of the Charity for the 1 September 2024 to 31 August 2025.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
a. Policies and objectives
The charity's objectives are:
-
To advance the education of young members of the public at large in agriculture, home crafts, country life and related subjects.
-
The provision of facilities for recreation and other leisure time occupation.
b. Significant activities
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Throughout the year the charity has hosted a wide range of activities all over Shropshire targeted at those aged between 10 and 26. These activities help our members to build self-confidence through public speaking, performing and outdoor events to name but a few. This wide range of activities means that all our members can find something to excel at and opportunities always exist for our members to aid with the organisation of events, further improving transferable skills and self confidence.
Achievements and performance
a. Main achievements of the Charity
Some of the many activities carried out by Shropshire Federation of Young Farmers were as follows:
-
Many events took place throughout the year. It was great to see so many clubs and memberson stage performing, whether in the entertainments competition or in the One Plus competition.
-
The Trustees were also pleased to see increased participation and activities at both the County Show and County Rally.
-
The final event of the year was the Chairman's Ball Shrek theme with just under 800 people enjoying a great evening and an amazing atmosphere. A big thank you to all the helpers, without them it wouldn't have been a success.
Further details of the charities activities for the year are included on the charity's website www.sfyfc.org.uk
Page 2
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Financial review
a. Financial review of the year
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. They have assessed this during the year and are satisfied that systems are in place to mitigate exposure to the major risks.
We are always conscious of the risks of having to cancel fund raising events at very short notice and due to circumstances completely out of our control, for example a rural disease outbreak, weather conditions or as we have seen in the past few years, a global pandemic.
We also normally hold our largest fund raising event, Shropshire Chairman's Ball, only a few days before the end of the year. If this event was to be cancelled, then it would have a catastrophic effect on the years finances.
These past two years have increased our reserves, with Membership numbers also still high and reaching 625 (2024-646) helping boost the federation. As a result of the ever-increasing costs of putting on events, the trustees have continued to be mindful that the organisations reserves are not unlimited and has responded to this by taking action in quarterly meetings throughout the year to assess the major risks and continue to assess controls to stop any unnecessary spending, including authorisation of committees' purchases. This careful monitoring, and continued support from members has again proved itself as the County Federation are in a position where income has exceeded expenditure in the year.
b. Reserves policy
It is the policy of Shropshire Federation of Young Farmers to maintain unrestricted reserves at a level which equates to 12 months operating expenditure. This provides back up funds for situations such as cancelled social arrangements and the replacement of essential assets. At the yearend free reserves stood at £103,090 (2024: £146,106).
c. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Structure, governance and management
a. Constitution
Shropshire Federation of Young Farmers Clubs was registered a charity on 8 January 1973, number 524412, and is constituted under a Trust deed which was adopted on 11 November 2017.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Page 3
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
The business of the Club is conducted and managed by the Management Committee which is made up of the Chair of the Management, County President, Past County Chair, Current County Chair, Vice County Chair, County Treasurer, Chair of Staff Management, Co-opted Members County Organiser and the Chairs of Social, Rally, Competitions and County Show Committees.
Decisions regarding charitable expenditure are discussed and approved by trustees in the Management Committee and then are officially voted on by the members in the Executive Committee. Day to day decisions for operating the club and organising fund raising events are made by the County Chair and County Organiser assisted by the Country Administrator and anyone on the Management Committee.
The Management Committee and the Executive Committee meet every 4 months and decisions require a majority vote of those present.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Ms R Brooker County President
Date:
Page 4
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Independent examiner's report to the Trustees of Shropshire Federation of Young Farmers Clubs ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Bookkeeping services from a seperate WR Partners team have been provided to the Charity during the year The bookkeeping service is independent of the independent examiner's work. I can confirm that the FRC's Revised Ethical Standard has been appropriately applied.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated:
S J Tweedie BSc FCA DChA
WR Partners
Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG
Page 5
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 18,026 138,649 3,768 10,211 170,654 - 182,162 182,162 (11,508) 296,208 (11,508) 284,700 |
Restricted funds 2025 £ - - - - - - - - - 882 - 882 |
Total funds 2025 £ 18,026 138,649 3,768 10,211 170,654 - 182,162 182,162 (11,508) 297,090 (11,508) 285,582 |
Total funds 2024 £ 16,971 97,564 5,658 8,274 |
|---|---|---|---|---|
| 128,467 | ||||
| 699 126,016 |
||||
| 126,715 | ||||
| 1,752 | ||||
| 295,338 1,752 |
||||
| 297,090 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 19 form part of these financial statements.
Page 6
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
BALANCE SHEET AS AT 31 AUGUST 2025
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
11,476 276,602 288,078 (3,091) |
2025 £ 595 595 284,987 285,582 285,582 882 284,700 285,582 |
6,254 304,834 311,088 (14,145) |
2024 £ 147 |
|---|---|---|---|---|
| 147 296,943 |
||||
| 297,090 | ||||
| 297,090 | ||||
| 882 296,208 |
||||
| 297,090 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Ms R Brooker County President
Date:
The notes on pages 8 to 19 form part of these financial statements.
Page 7
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. General information
Shropshire Federation of Young Farmers Clubs is a Charity registered number 524412. It is governed by its constitution adopted November 2017
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Shropshire Federation of Young Farmers Clubs meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Page 8
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs 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 activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Fixtures, fittings & equipment - 50%
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.11 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
3. Income from donations and legacies
| Unrestricted funds 2025 £ Subscriptions 10,272 Sponsorship - Other donations 7,754 18,026 Total 2024 16,971 |
Total funds 2025 £ 10,272 - 7,754 18,026 16,971 |
Total funds 2024 £ 14,950 1,500 521 |
|---|---|---|
| 16,971 | ||
4. Income from charitable activities
| Unrestricted funds 2025 £ Handbook 3,600 Dances & Social Events 31,462 Shropshire County Show 2,857 Chairman's Ball 33,414 Chairman's Events 8,595 Presidents Lunch 360 Competitions 10,662 YFC Rally & Dance 21,482 YFC Trips 25,970 Charity Carol Service and fair 247 138,649 Total 2024 97,564 |
Total funds 2025 £ 3,600 31,462 2,857 33,414 8,595 360 10,662 21,482 25,970 247 138,649 97,564 |
Total funds 2024 £ 4,735 19,607 5,332 36,465 6,275 - 10,847 13,343 - 960 |
|---|---|---|
| 97,564 | ||
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. Income from other trading activities
Income from fundraising events
| Unrestricted funds 2025 £ Training 3,690 Merchandise (182) Craft Fair 260 3,768 Total 2024 5,658 6. Investment income Unrestricted funds 2025 £ Investment income 10,211 Total 2024 8,274 7. Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 £ Charitable activity 182,162 Total 2024 126,016 |
Total funds 2025 £ 3,690 (182) 260 3,768 5,658 Total funds 2025 £ 10,211 8,274 Total 2025 £ 182,162 126,016 |
Total funds 2024 £ 5,177 481 - |
|---|---|---|
| 5,658 | ||
| Total funds 2024 £ 8,274 |
||
| Total 2024 £ 126,016 |
||
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
8. Analysis of expenditure by activities
| Charitable activity Total 2024 Analysis of direct costs Miscellaneous Handbook Dances & Social events Shropshire County Show Chairmans Ball Competitions Rally Chairman's Trip Total 2024 |
Activities undertaken directly 2025 £ 106,610 57,977 |
Support costs 2025 £ 75,552 68,039 Charitable activity 2025 £ 440 2,089 27,929 3,536 35,508 6,948 12,571 17,589 106,610 57,977 |
Total funds 2025 £ 182,162 126,016 Total funds 2025 £ 440 2,089 27,929 3,536 35,508 6,948 12,571 17,589 106,610 57,977 |
Total funds 2024 £ 126,016 |
|---|---|---|---|---|
| Total funds 2024 £ 200 2,664 6,243 4,129 29,097 7,462 8,182 - |
||||
| 57,977 | ||||
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
8. Analysis of expenditure by activities (continued)
Analysis of support costs
| Charitable activity 2025 £ Staff costs 43,673 Depreciation 541 Training courses 4,351 Light, heat & rent 3,930 Telephone 1,718 Postage & stationery 845 Mileage 2,882 Officer expenses 8,716 Office cost 4,093 Accountancy 3,096 Honorarium 982 Bank charges 725 Provision for bad debts - 75,552 Total 2024 68,039 9. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Fees payable to the Charity's independent examiner in respect of: All other services not included above |
Total funds 2025 £ 43,673 541 4,351 3,930 1,718 845 2,882 8,716 4,093 3,096 982 725 - 75,552 68,039 2025 £ 1,020 1,165 |
Total funds 2024 £ 33,061 146 6,317 3,197 1,348 1,054 2,381 7,753 3,185 7,368 1,000 765 464 |
|---|---|---|
| 68,039 | ||
| 2024 £ 936 6,431 |
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
10. Staff costs
| 2025 £ Wages and salaries 42,764 Contribution to defined contribution pension schemes 909 43,673 The average number of persons employed by the Charity during the year was as follows: 2025 No. Employees 2 |
2024 £ 32,505 556 |
|---|---|
| 33,061 | |
| 2024 No. 2 |
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 August 2025, an honorarium to recognise the time, costs and energy taken in visiting clubs, meetings and events during the year, was paid to the County Chair, M Porter, amounting to £1,000 (2024 - £2,750 to R Brooker) No other expenses were claimed in the year by M Porter for travel (2024 - £1,750).
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12. Tangible fixed assets
| Cost or valuation At 1 September 2024 Additions At 31 August 2025 Depreciation At 1 September 2024 Charge for the year At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 |
Office equipment £ 15,718 1,043 |
|---|---|
| 16,761 | |
| 15,571 595 |
|
| 16,166 | |
| 595 | |
| 147 |
13. Debtors
| Due within one year Trade debtors Prepayments and accrued income |
2025 £ 11,476 - 11,476 |
2024 £ 4,134 2,120 6,254 |
|---|---|---|
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. Creditors: Amounts falling due within one year
| Other taxation and social security Pension accrual Other creditors Accruals and deferred income Statement of funds Statement of funds - current year Unrestricted funds Designated funds Future Investment Fund General funds General Funds Total Unrestricted funds Restricted funds Training Grants Total of funds |
Balance at 1 September 2024 £ 150,000 146,208 296,208 882 297,090 |
Income £ - 170,654 170,654 - 170,654 |
2025 £ 744 162 - 2,185 3,091 Expenditure £ - (182,162) (182,162) - (182,162) |
2024 £ 798 173 464 12,710 |
|---|---|---|---|---|
| 14,145 | ||||
| Balance at 31 August 2025 £ 150,000 |
||||
| 134,700 | ||||
| 284,700 | ||||
| 882 | ||||
| 285,582 |
15. Statement of funds
The designated 'Future Investment Fund' is set aside towards future investment in the organsiation.
The restricted fund 'Training Grants' is monies available for members of the charity who wish to receive a grant towards training costs.
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
15. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 September 2023 £ Income £ Unrestricted funds Designated funds Future Investment Fund 150,000 - General funds General Funds 144,456 128,467 Total Unrestricted funds 294,456 128,467 Restricted funds Training Grants 882 - Total of funds 295,338 128,467 16. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 £ Tangible fixed assets 595 Current assets 287,196 Creditors due within one year (3,091) Total 284,700 |
Expenditure £ - (126,715) (126,715) - (126,715) Restricted funds 2025 £ - 882 - 882 |
Balance at 31 August 2024 £ 150,000 146,208 296,208 882 297,090 Total funds 2025 £ 595 288,078 (3,091) 285,582 |
|---|---|---|
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SHROPSHIRE FEDERATION OF YOUNG FARMERS CLUBS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 147 310,206 (14,145) 296,208 |
Restricted funds 2024 £ - 882 - 882 |
Total funds 2024 £ 147 311,088 (14,145) 297,090 |
|---|---|---|---|
17. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £_ (2024 - £556). A balance of £_ (2024 - £173) was payable to the fund at the balance sheet date and is included in creditors.
18. Related party transactions
As disclosed within Note 11, an Honorarium of is presented to the County Chairperson each year to cover the expenses incurred during the year. The Honorarium during the year amounted to £1,000 (2024 - £1,000). Travel costs were also reclaimed to the value of £__ (2024: £1,750). The amount of £____ was outstanding at the year end and is included in creditors.
Apart from the above, the Charity has not entered into any related party transaction during the year, nor are there any other outstanding balances owing between related parties and the Charity at 31 March 2025.
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