**Beith and District Young Farmers Club** ## **FINANCIAL STATEMENTS** **31/01/2025** **CHARITY NUMBER SCO21894** 1 **Beith and District Young Farmers Club** ## **FINANCIAL ACCOUNTS** ## **YEAR ENDED 31/01/2025** |**CONTENTS**|**PAGES**| |---|---| |Legal and administrative information|3| |Report of the Management Committee|4| |Independent Examiner’s Report|6| |Receipts and payments account|8| 2 ## **Beith and District Young Farmers Club LEGAL AND ADMINISTRATIVE INFORMATION** **YEAR ENDED 31/01/2025** ## **CHARITY NUMBER: SCO21894** **TRUSTEES:** Date appointed: 3[rd] March 2024 Chairman Treasurer: Secretary: Honorary President: Honorary Vice Presidents: Club Leaders: Vice Chairman: Assistant Secretary: Assistant Treasurer: Press Secretary: Drama Secretary: Committee: ## **INDEPENDENT EXAMINER:** 3 **Beith and District Young Farmers Club REPORT OF THE MANAGEMENT COMMITTEE** ## **YEAR ENDED 31/01/25** MANAGEMENT COMMITTEE REPORT The Management Committee submits their report for the year ended 31 January 2025. ## ORGANISATION AND ACTIVITIES The club is a charitable unincorporated organization. As governed by our constitution the club provides activities which further the personal development, cultural and training of young people and make rural life more attractive to the younger members of the community. The Club is administered by the Management Committee who are appointed or elected at the Annual General Meeting. The Club is affiliated to the Scottish Association of Young Farmers Clubs to whom the affiliation fees are payable. The Club can be contracted through the National Secretary, Scottish Association of Young Farmers’ Clubs, Young Farmers’ Centre, Ingilston, Edinburgh, EH28 8NE. quoting Club name ## Management Committee The Members of the Management Committee during the year are listed hereafter. All the members were elected at the Annual General Meeting, held on Monday 4[th] March 2024 and held office throughout the year unless otherwise shown. Honorary President: Honorary Vice Presidents: Club Leaders: Chairman: Vice Chairman: Secretary: Assistant Secretary: Treasurer: Assistant Treasurer: Press Secretary: Drama Secretary: Committee: 4 ## Accounts The Management Committee have elected to produce the alternative form of accounts and the receipts and Payment Account and the Statement of Balances for the year to 31 January 2025. The Accounts have been examined by and the Committee. ## Review of the Year The Club have organised an extensive range of activities during the year, all of which meet the objectives of the Club. This year we gained a number of new members, which is great for the continuation of the Club. However the club has suffered a great financial loss throughout this year. The auditor has highlighted the main areas that have contributed to this. The Beith YFC committee for the year 25/26 aim to improve on these areas and regain a healthy profit for the club and its members. ## Future Development The Club will continue to organise activities which meet the object of the Club. In the coming years we would like to introduce new activities into our syllabus to appeal to all members interests helping to broaden the range of skills. We hope to give our members as much experience in their areas of interest so that they can take this experience further into competition. The clubs long term objective is to continue to promote the cultural education and training of young people giving them the life skills they need to be successful in and outside the club environment. We hope to create a fuller realisation of the duties and responsibilities of citizenship by providing social amenities and means of a healthy recreation. By order on the management Committee on Monday 3[rd] March 2025. The club is affiliated to the Scottish Association of Young Farmers Clubs, contactable through: SAYFC Young Farmers Centre Ingilston Edinburgh EH28 8NE The accounts for the year are attached, and form part of this report. This report was approved by the Management Committee on 3[rd] March 2025. Signed on behalf of the Management Committee: 5 APPENDIX 3 OSCR SCOtt￿h (tsrity. Regukcff Independent examinerfs report on the accounts Report to the Charty narr trusteeslmember5 of Beith & District Young Farn*rs Cl Registered charity SC021894 number On the accounts of the chawity for the period Peri(￿ start date Period end date Year Day Yeer 01 02 2024 31 2025 Set out on pages 5hEe15) Respective The charily's 1ft￿lees are respMSIt￿ for Ihe Fyepar8tiC￿ of the acLounts in aG(x)rdance responsibilities of wilh Ihe lem)s of the Charl*s and TnL%lee Invesfment (ScollarKI) 2￿5 Ad and the trusteos and examinef Charit￿S A(munts (ScolL4nd} R￿J￿￿tIonS 20(￿ {a5 amesMfw4. The charity trustees n5xler that the a￿111 requiiemenl of Regulation 10(1) (d) of the Actounts Regu18tions does not aprAy. K is my responsitmlity to examine the a(￿)UnIS 8$ ￿quir￿j under section 44(1) (cl ofthe Ai* aNI to slate W1￿11*r particAdar matter5 have to my attention. Basis of indepen￿t My examinatK)ll is (2rried out in aC￿[danC£ with Regulation 11 of the 20r￿ Arxounts examtner's slatement RegulatKln5. An eXamirwti￿ 8 tevw4¥ of t*￿ ￿)￿ntir￿J records kept by the tharity and a comparison of the accounts FKesenled with those recoKls. tt also indudes con5M#eration of any unusual itenB or d6ck)sures in the aw)unts and seeks explanat￿n$ frofll the ITU5tees con¢emyr¥J any such rnatters. The procedures undertaken do not provhJe au the e￿jence Ihal wouhj be required in an at¥lit and, consequently, I do ot express an audit opinion on the view given trj the ￿)unts. Independent examinees In the course of my examinatmin. no matter has come to my attention [other Ihan that statement dtsdosed on the attached p¥Je1 which gives me reasonab￿ cause to belie* that in any material resped the requiremenls." lo keep accoUnt￿j iecoqts ￿ accordance w¢th seclion 44(1) (a) ofthe 2005 Act and RegUlat￿n 4 of the 20(￿ Accounts Regulations, and lo p￿pare atXX)tJnts which a(xxTrFtf wth the 8ux>unling records and comply with RegulatKJn g of the 20(hS Al￿)Unts Regulat*Jns have nol teen met, or n ￿ order to enable a proper Signef Namf.. Relevant professio qualifith"on{s} or tjo {if any 21102/25 Addre&. 'Please de*the￿[d% ￿tthe bfack&ts I.. Ibey - folltyww pAge. '"tie Yiorts th awpy. se". iTrLtItr.ose matterswkn h￿e o)me *rtion on th APPENDIX 3 Disclosure section Only tt¢nptete rf the exariner needs to hi￿lIght material pmblems. Give here brief details of any items that the examiner wishes to disclose The Club's Accounts for Year Ending 31 January 2025 show an overall deficit of £9, 819 which 13 a concern. I have highlighted the ll￿1n areas that have contributed to this deficit to the Treasurer and also prepared a Report for the new Office Bearers and CO￿tE￿￿ttee to review early in Year 2025/26. I have made it clear that the Club cannot sustain another Year sM￿lar to 24/25 and I am confident that the areas highlighted TAryII be addressed. William Boyd IThdependent Examinei Beith & District Young Farniefs Club {SC021894) 5tstement ot Balan￿5 For the Deriod from 1st Februarv 2024 to 31st Januarv 2025 Unréstricted funds Restslcted Total funds funds 2025 Total tunds 2024 Cash 1 Ini nniA 1K A7< IncreasellDecreasel to Tuck Shop Cash in Hand Surplus/lDeticiti tor the Year Cash at Bank aD.d in Hand as at 3LJ0112025 1941 £ 19.8191 £ 7,838 (94) £ (9.819) £ 7￿32 1.276 17.751 ank and cash balances Descri tlon FundType Unrestricted furKI Bank Current Account 7,638 17,657 Hthr*A ?nn 7.838 17.751 L￿fter Assets Dè%crl tion FundT È !l¥¢t iF4144*r4nrt rwln?l?n??! I InrA IUidllbll¥ L£OD. jLLIL*. j 5 Subscriptions 2025 Number Amount Totsl kree Members Members- Senior Members- Junior 21 40 £ 30 £ 24 720 1.760 ?n?a Free Members MemDers- >enior Ly i.lbv 630 225 Member5-Junior New Members 21 30 £ 25 £ 6 Donatlonslsponsorships Received 2025 250 £ 2024 J&S Montgomery rr4 Dalry Farmers Society Ellen Kerr Awards nthpr 250 £ 200 20 S(Ml £ 470 7 Fundtai5inglEvents Dr￿fi*ll Income Expend 260 £ 160 £ 767 £ 446 £ £ I.E￿ £ 2.301 £ 2025 I￿ £ 321 £ (7011 £ 2024 288 782 12901 Mock Auction & Valuation Beef & SheeD Stockiudoin Dinner Dance I dierii )yvi jLv£¥j Talent Spot Dance Clay Pigeon Shoot jl.)4Vj £ 2.467 £ 912 £ 170 £ 135 £ 1555 £ 1.813 35 £ 164) ai+h 1AA ??0 Beith Show Dance Dalryshow Car Treasure Hunt Dairy Stockjudging £ 1,215 £ 280 £ 227 £ 51 £ 258 £ 104 £ 969 £ 497 £ 935 £ 176 £ 154 £ 471 £ 149 171 1,905 Dvi¢¥vi 0*1 I￿V Therned Dance Coffee Morning £ 1.504 £ 1,245 £ 576 £ 101 £ 259 £ 475 £ 117411 F rnnr>rt F 47?A *12a77 la1?1 Concert Previous Year120231 Loncert uance 518 £ L 2.JlY £ J,ui2 t 893 £ 368 £ {518) £ IbY4} t 525 £ 1100) £ 16151 L,Lbb 76 Burns Supper Dinner Dance120251 I￿ £ Talent Spot Dance12025) 750 £ £ 30.095 £ 30,433 £ 1750) £ {338) £ 7.711 8 M15cellaneous Incorne Payments towards Club Clothing Exchange weekend- flights 1.576 Other 469 4217 9 Donation515ponsorships Made Li*L4 181 150 250 250 Dc.ia.' 10.1 IJ T ie H... Donation to StAndrews Ambulance VVlldLIUII LV uiuILiI- ndl V&¥l t Iidiik>giviii 630 £ 436 In fnrtt 2Lf15 150 £ 150 £ 2024 150 150 Independent Examiner's Fee 11 Mlscellaneous Expenditure ri.-¢* A';.4T ir.s f.-.r nsRr• R•3r•r Club and Tug OFWaT aothing AAYFLISA YtrL Lompeiition tntne5 Exchange weekend- buses. tickets. flights HandicTaft5 ¥913 4JY 4347 73 Committee Day Outs12024 and 2025} Container Storage nthpr 350 fi?9 8￿1 12 Valuaiion of Trophles r¥..k... carried out b ilmarnoek on 8th February 2023. This gave a total valLte for 1ftsuran￿ purposes of £14.065 at that time.