Company registration number NI003964
YOUNG FARMERS' CLUBS OF ULSTER, THE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
YOUNG FARMERS' CLUBS OF ULSTER, THE
LEGAL AND ADMINISTRATIVE INFORMATION
Executive Committee
Mr Peter Alexander
Mr Bob Esler
Mrs Kristina Fleming
Mr Stuart Mills
Mr Richard Beattie
Mr Matthew Livingstone
Ms Shannen Vance
Ms Laura Patterson
Miss Joyce Allen
Miss Rachel Smith
Mr Timothy Keys
Mr Philip Donaldson
Mr Ian Walker
Ms Eirinn Braniff
Ms Jill Balfour
Ms Sophie Hawthorne
Mr Mitchell Park
Mr Gareth Ritchie
Ms Lauren Vance
Ms Karen Walker
Mr Matthew Wilson
Miss Elizabeth Adair
(Appointed 20 April 2024)
Mr Iain Wlson
Mr Dylan Walker
(Appointed 20 April 2024)
Mr Daniel Thornton
(Appointed 20 April 2024)
Mr Glyn Surgenor
(Appointed 20 April 2024)
Miss Emma Knox
(Appointed 20 April 2024)
Miss Zara Fulton
Miss Natalie Burrows
(Appointed 20 April 2024)
Mr Martyn Blair
(Appointed 20 April 2024)
Miss Helen Laird
Chief Executive Officer
Derek Lough
YOUNG FARMERS' CLUBS OF ULSTER, THE
LEGAL AND ADMINISTRATIVE INFORMATION
Secretary
Cypher Sevices Limited
Charity number
100972
Company number
NI003964
Registered office
50 Bedford Street
Belfast
BT2 7FW
Auditor
Harbinson Mulholland
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT1 3LP
Bankers
Danske Bank
PO Box 183
Donegall Square West
Belfast
BT1 6JS
Solicitors
Cleaver Fulton Rankin
50 Bedford Street
Belfast BT2 7FW
YOUNG FARMERS' CLUBS OF ULSTER, THE
CONTENTS
Page
Executive Committee report
1 - 5
Statement of Executive Committee responsibilities
6
Independent auditor's report
7 - 9
Statement of financial activities
10
Balance sheet
11 - 12
Statement of cash flows
13
Notes to the financial statements
14 - 28
YOUNG FARMERS' CLUBS OF ULSTER, THE
EXECUTIVE COMMITTEE REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

The Executive Committee present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Association's Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The work of the Association's is guided by the mission statement: "... to encourage individual development, creativity, initiative and contribution for the benefit of members, the association, and the community."

As the largest rural youth organisation in Northern Ireland, we inspire our active membership to flourish through the development of life skills and education, while serving the wider rural community as part of a vibrant, inclusive organisation, underpinned by strong governance.

 

As a volunteer led organisation we nurture and develop young people by encouraging participation in a selection of innovative and often unique opportunities in education, training, personal development and fun.

 

Our Values

 

 

People & Partnerships

To have highly valued, enthusiastic and committed members and staff, who work together to make YFCU & each other the best they can be, by communicating and engaging with local partners, sectoral groups and having a positive impact on our local rural communities.

 

Encourage & Equip

To deliver a portfolio of programmes, activities and resources that encourage members to engage and grow, whilst equipping them with the tools and skills needed to develop.

 

Relevant & Resilient

To be relevant in our mission as Northern Ireland’s leading rural youth organisation, using our position to encourage strong communities and build resilient farmers for the future.

 

Our Commitment

 

Our People

To grow our membership as a youth shaped organisation where everyone is valued, encouraged and equipped to grow to their full potential

 

 

Our Community

As a member-led organisation, we seek to make a fundamental difference to young people living in NI, specifically rural and isolated areas, and their associated communities.

 

To provide our services and programmes through our clubs which are geographically spread through rural NI and in collaboration with local community groups and partners.

 

Our Environment

As farmers of the future, YFCU seeks to educate their members to be able to make sustainable, efficient and profitable environmentally friendly choices.

YOUNG FARMERS' CLUBS OF ULSTER, THE
EXECUTIVE COMMITTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -

Achievements and performance

The Association has two key performance indicators, membership and participation. Membership increased reflecting a strong and engaged community. Participation rates in the Association's programme of training and competitions once again increased, reaffirming the relevance and value of these to the membership.

Proficiency Award Scheme- Rewarding Members

When a member competes in the central competitions they are awarded a proficiency. Proficiencies are awarded

as follows:

The competition year runs from 1st September- 31st August. During 2023-2024 a total of 1,900 certificates were issued to recognise the members’ participation in the YFCU activities.

In 2023-2024 Young Farmers’ Clubs of Ulster (YFCU) introduced Cultivating Young Leaders programme, designed to empower and educate members aged between 18 and 30 of which 16 young people completed.

Child Protection Training

Child protection training continues to be a priority for the Association. During 2023/2024 a total of 146 members took part in the Safeguarding training.

As part of our child protection strategy, the YFCU continues to ensure that staff, key elected officials and volunteers/ trainers are checked through Access NI. All members, parents and office bearers are provided with access to the Association's child protection policies and procedures.

 

External Scheme

YFCU continues to be a centre for the Duke of Edinburgh Awards Scheme, thus giving our members the opportunity to take part in this challenging and highly rewarding youth development programme.  This year, we had 10 members achieve their bronze awards, 13 members achieved their silver award and 15 gold award recipients.

Financial review

As in previous years the Association's core funding is from grants, provided by Education Authority (EA) and Department of Agriculture, Environment and Rural Affairs (DAERA). In addition to grants, monies are raised from donations, sponsorship, membership and competition fees.

 

This year there was an decrease in income of £67,565 (2023: Increase of £121,557). Overall the Accounts show a surplus before revaluation of properties of £121,980 (2023: surplus £193,621). A Headquarters surplus of £13,523 is recorded (includes endowment surplus). The principles of 'best value' and 'added value' continue to be applied to all expenditure and activities undertaken.

 

It is the policy of the Association that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The Executive Committee considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Association’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Executive Committee has considered the level of reserves required and has agreed a policy where the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 9-12 months of unrestricted annual expenditure. The unrestricted funds not committed or invested in tangible fixed assets at 31 August 2024 are £654,991 with the unrestricted annual expenditure range being £216,502 (9 months) to £288,670 (12 months). The reserves held are currently in excess of the agreed reserves policy.

YOUNG FARMERS' CLUBS OF ULSTER, THE
EXECUTIVE COMMITTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -

The Executive Committee has assessed the major risks to which the Association is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

 

The Executive Committees' assessment of the major risks has identified that loss of government grants is the major financial risk for the charity. A key element in the management of financial risk includes active discussion with the funders and regular review of funds and active management of trade debtors and creditors balances to ensure sufficient working capital.

 

Attention has also been focused on non-financial risks arising from fire, health and safety, child protection, litigation, etc. These risks are managed by ensuring robust policies and procedures are in place and regular awareness training for members in these areas.

Structure, governance and management

The Young Farmer's Clubs of Ulster (YFCU) is a charitable company limited by guarantee, incorporated on 1st November 1957 and registered as a charity on 6th February 1967 with the Inland Revenue. On the 23rd February 2015 YFCU registered with the Charity Commission for Northern Ireland. The company was established under a Memorandum of Association which set up the objects and powers of the charitable company and is governed under its Articles of Association which were revised at the AGM in 2017. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

 

YOUNG FARMERS' CLUBS OF ULSTER, THE
EXECUTIVE COMMITTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Executive Committee.

 

Under the requirements of the Articles of Association, the members of the Executive Committee are elected to serve for a period of one year after which they must be nominated and elected at the next Annual General Meeting.

 

The Executive Committee comprises of the:

 

1. President

2. Immediate Past President

3. Deputy President

4. Vice-Presidents (4)

5. Honorary Treasurer

6. Two representatives nominated by each County Committee

7. Chairman and Vice Chairman of each Sub-Committee appointed by that Committee

8. One representative of the Ulster Farmers’ Union

9. Two representatives of the persons co-opted to the County Committees

10. Chief Executive Officer of the Association (without vote)

11. Two persons co-opted by the Executive Committee

12. One co-opted as a YFCU representative on Rural Youth Europe Board

 

If appropriate, the Executive Committee may also include the standing Board member representing the Association on the Board of Rural Youth Europe. And if desired, one Life Member of the Association (ex officio).

 

As a young person’s organisation the focus of the Executive Committee is on ensuring that the developmental need of this group are appropriately reflected throughout its membership and activities. To embed this, members nominated for election to the Executive Committee by County Committees must directly represent the membership of senior clubs.

The Charity indemnifies every relevant Trustee against any liability incurred in successfully defending legal proceedings in that capacity, or in connection with any application in which relief is granted by the Court from liability for negligence, default or breach of duty or breach of trust in relation to the Charity.

The company's current policy concerning the payment of trade creditors is to:

 

Trade creditors of the company at the year end were equivalent to 14 day's purchases, based on the average daily amount invoiced by suppliers during the year.

YOUNG FARMERS' CLUBS OF ULSTER, THE
EXECUTIVE COMMITTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -

The governing body of the Association is the Council which meets annually at its AGM in April. The Council appoints an Executive Committee of up to 29 members with the power to manage and administer the business of the Association. The Executive Committee meets a minimum of six times per year.

At its first meeting the Executive Committee annually elects a Special Purposes Committee (SPC) that reports to it on delegated issues such as finance, personnel and strategy.that reports to the Executive Committee on aspects of the Association’s activities. There are four.

Central Committees: Programmes and Development (P&D), Agriculture, Environment and Rural Affairs (AERA), Travel and Wellbeing and Development.

The Chief Executive Officer (CEO) is appointed by the Executive Committee to manage the day-to-day operations of the Association and supervision of the staff team.

Members elected to the Association’s Executive attend the Executive Board training weekend each year to familiarise themselves with aims of the Association and their role, their responsibilities and their duties as directors. These events are jointly led by the Chair of the Executive Committee and the CEO.

Over the last few years these residential events have covered areas such as governance, directors’ duties, policies, communication, finance, departmental priorities, strategic planning and have involved internal and external speakers. The content is reviewed annually inline with strategic need and skill set shortages.

 

All salaries and terms of conditions are considered by the Special Purposes Committee annually and ratified by the Executive.

.

The Executive Committee receives support from the Education Authority (EA) and the Department of Agriculture, Environment and Rural Affairs (DAERA) who fund the work of the Association in providing training and social education opportunities for young people in our rural communities. Members and staff sit on organising committees and working parties of a number of Groups including the EA Regional Advisory Group, the Rural Development Programme Monitoring Committee, The open Farm Weekend Working Party, The Farm Safety Partnership, the Regional Voluntary Youth Organisations’ Reference Group (RVYO Network) and Committees overseeing the work of Grassroots Challenge and Peace IV programmes.

Auditor

In accordance with the company’s articles, a resolution proposing that Harbinson Mulholland be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the Executive Committee has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Executive Committee report was approved by the Board of Executive Committee.

Mrs Kristina Fleming
Mr Robert Esler
Chair, Executive Committee
Honorary Treasurer
Dated: 25 February 2025
Dated: 25 February 2025
YOUNG FARMERS' CLUBS OF ULSTER, THE
STATEMENT OF EXECUTIVE COMMITTEE RESPONSIBILITIES  
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -

The Executive Committee, who are also the directors of Young Farmers' Clubs of Ulster, The for the purpose of company law, are responsible for preparing the Executive Committee Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Executive Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Association and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Executive Committee are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Association will continue in operation.

The Executive Committee are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Association and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

YOUNG FARMERS' CLUBS OF ULSTER, THE
INDEPENDENT AUDITOR'S REPORT
TO THE EXECUTIVE COMMITTEE OF YOUNG FARMERS' CLUBS OF ULSTER, THE
- 7 -

Opinion

We have audited the financial statements of Young Farmers' Clubs of Ulster, The (the ‘Association’) for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Association in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Executive Committee use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Association’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the Executive Committee with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Executive Committee are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

YOUNG FARMERS' CLUBS OF ULSTER, THE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE EXECUTIVE COMMITTEE OF YOUNG FARMERS' CLUBS OF ULSTER, THE
- 8 -
Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts and Reports Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the Executive Committee report; or

-

sufficient accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of Executive Committee

As explained more fully in the statement of Executive Committee responsibilities, the Executive Committee, who are also the directors of the Association for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Executive Committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Executive Committee are responsible for assessing the Association’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Executive Committee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 65(2) of the Charities Act (Northern Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder.

 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

YOUNG FARMERS' CLUBS OF ULSTER, THE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE EXECUTIVE COMMITTEE OF YOUNG FARMERS' CLUBS OF ULSTER, THE
- 9 -

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Angela Craigan (Senior Statutory Auditor)
for and on behalf of Harbinson Mulholland
25 February 2025
Chartered Accountants
Statutory Auditor
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT1 3LP

Harbinson Mulholland is eligible for appointment as auditor of the Association by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

YOUNG FARMERS' CLUBS OF ULSTER, THE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
- 10 -
Unrestricted
Restricted
Endowment
Total
Total
funds
funds
funds
2024
2024
2024
2024
2023
Notes
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
105,341
433,878
-
539,219
621,806
Charitable activities
4
38,795
957,021
-
995,816
1,041,776

Investments

5
27,763
30,820
-
58,583
14,491
Other income
6
6,542
48,531
-
55,073
38,183
Total income
178,441
1,470,250
-
1,648,691
1,716,256
Expenditure on:
Charitable activities
7
288,670
1,278,338
-
1,567,008
1,514,683
Net gains/(losses) on investments
12
1,355
31,677
7,265
40,297
(7,952)
Net (outgoing)/incoming resources before transfers
(108,874)
223,589
7,265
121,980
193,621
Gross transfers between funds
308,646
(172,449)
(136,197)
-
-
Net incoming/(outgoing) resources
199,772
51,140
(128,932)
121,980
193,621
Other recognised gains and losses
Revaluation of tangible fixed assets
-
(1,549,091)
-
(1,549,091)
-
Net movement in funds
199,772
(1,497,951)
(128,932)
(1,427,111)
193,621
Fund balances at 1 September 2023
455,219
4,810,402
319,537
5,585,158
5,391,538
Fund balances at 31 August 2024
654,991
3,312,451
190,605
4,158,047
5,585,159

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 28 form part of these financial statements.
YOUNG FARMERS' CLUBS OF ULSTER, THE
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 11 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
1,215,677
2,818,216
Investments
15
742,741
838,644
1,958,418
3,656,860
Current assets
Stocks
16
1,482
3,897
Debtors
17
96,668
63,664
Cash at bank and in hand
2,178,253
1,990,857
2,276,403
2,058,418
Creditors: amounts falling due within one year
18
(76,774)
(130,119)
Net current assets
2,199,629
1,928,299
Total assets less current liabilities
4,158,047
5,585,159
Capital funds
Endowment funds - general
21
190,605
319,537
Income funds
General restricted funds
3,312,451
4,023,706
Revaluation reserve
-
786,697
22
3,312,451
4,810,403
Unrestricted funds
654,991
455,219
4,158,047
5,585,159
YOUNG FARMERS' CLUBS OF ULSTER, THE
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 12 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024, although an audit has been carried out under section 65 of the Charities Act (NI) 2008. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

The Executive Committee acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Executive Committee on 25 February 2025
Mrs Kristina Fleming
Trustee
Company Registration No. NI003964
YOUNG FARMERS' CLUBS OF ULSTER, THE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
- 13 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
28
(3,518)
219,408
Investing activities
Purchase of tangible fixed assets
(3,867)
(5,322)
Proceeds from disposal of  investments
136,198
-
Investment income received
58,583
14,491
Net cash generated from investing activities
190,914
9,169
Net cash generated from financing activities
-
-
Net increase in cash and cash equivalents
187,396
228,577
Cash and cash equivalents at beginning of year
1,990,857
1,762,280
Cash and cash equivalents at end of year
2,178,253
1,990,857
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 14 -
1
Accounting policies
Charity information

Young Farmers' Clubs of Ulster is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 50 Bedford Street, Belfast, BT2 7FW

1.1
Accounting convention

The financial statements have been prepared in accordance with the Association's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Association is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Association. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Executive Committee have a reasonable expectation that the Association has adequate resources to continue in operational existence for the foreseeable future. Thus the Executive Committee continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Executive Committee in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Association.
1.4
Incoming resources
Income is recognised when the Association is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Association has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Association has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 15 -
1.5
Tangible fixed assets

Tangible fixed assets 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 their residual values over their useful lives on the following bases:

Freehold land and buildings
Over 50 years
Leasehold improvements
2% straight line
Fixtures and fittings
12.5% - 33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7
Impairment of fixed assets

At each reporting end date, the Association reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
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 realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The Association has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Association's balance sheet when the Association 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.

YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 16 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a 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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities 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 for 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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Association’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Association is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the Association’s accounting policies, the Executive Committee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of residual values. Management regularly review these useful lives and change them if necessary to reflect current conditions. Changes in the useful lives can have a significant impact on the depreciation charge for the financial year. The net book value of Tangible Fixed Assets subject to depreciation at the financial year end date was £1,215,677 (2023: £2,818,218).

YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 17 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
105,341
46,298
151,639
96,515
31,784
128,299
Grants
-
308,202
308,202
-
436,588
436,588
Membership fees
-
79,378
79,378
-
56,919
56,919
105,341
433,878
539,219
96,515
525,291
621,806
Donations and gifts
Ulster Farmers' Union
11,000
-
11,000
8,250
-
8,250
NFU Mutual Insurance Society
30,000
-
30,000
30,000
-
30,000
Danske Bank
7,500
-
7,500
7,500
-
7,500
Dunbia
8,000
-
8,000
8,000
-
8,000
Power NI
5,000
-
5,000
5,584
-
5,584
Fance Valley Store
7,000
-
7,000
2,790
-
2,790
Reta Lita Howard Foundation
5,000
-
5,000
9,667
-
9,667
Thomas Henry Foundation
16,000
-
16,000
-
-
-
Other
15,841
46,298
62,139
24,724
31,784
56,508
105,341
46,298
151,639
96,515
31,784
128,299
Grants
Department of Agriculture, Environment and Rural Affairs
-
58,125
58,125
-
131,042
131,042
Education Authority
-
146,250
146,250
-
150,000
150,000
Other
-
103,827
103,827
-
155,546
155,546
-
308,202
308,202
-
436,588
436,588
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 18 -
4
Charitable activities
2024
2023
£
£

Competition and other activities

995,816
1,041,776
Analysis by fund
Unrestricted funds
38,795
68,566
Restricted funds
957,021
973,210
995,816
1,041,776
5

Investments

Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
£
£
£
£

Income received from UK listed investments

12,268
-
12,268
4,629
Interest receivable
15,495
30,820
46,315
9,862
27,763
30,820
58,583
14,491
6
Other income
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
£
£
£
£

Other income

6,542
48,531
55,073
38,183
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 19 -
7
Charitable activities

Charitable activities

Education Authority

DAERA

Total
2024
Total
2023
£
£
£
£
£
Staff costs
98,225
73,592
46,544
218,361
278,497

Competition costs

138,934
-
-
138,934
129,190

Travel & subsistence

9,861
6,463
1,420
17,744
20,187

Postage, stationary & publicity

-
1,206
1,206
2,412
948

Legal & professional fees

15,312
-
-
15,312
11,279

Clubs

763,580
-
-
763,580
688,370
1,025,912
81,261
49,170
1,156,343
1,128,471
Share of support costs
248,377
90,707
63,301
402,385
377,932
Share of governance costs
8,280
-
-
8,280
8,280
1,282,569
171,968
112,471
1,567,008
1,514,683
Analysis by fund
Unrestricted funds
288,670
-
-
288,670
259,922
Restricted funds
993,899
171,968
112,471
1,278,338
1,254,761
1,282,569
171,968
112,471
1,567,008
1,514,683
8
Support costs
Support costs
Governance costs
2024
2023
£
£
£
£
Staff costs
79,368
-
79,368
83,446
Depreciation
57,316
-
57,316
58,838

Premises costs

8,900
-
8,900
8,900

Office costs

53,135
-
53,135
52,780

Bank charges

1,270
-
1,270
2,103

Other costs

21,032
-
21,032
17,436

Clubs

181,365
-
181,365
154,209
Audit fees
-
8,280
8,280
8,280
402,386
8,280
410,666
385,992
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
8,280
8,280
Depreciation of owned tangible fixed assets
57,316
58,838
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 20 -
10
Executive Committee

During the year two members of the executive committee received a combined honorarium payment of £995 (2023: £995).

11
Employees

The average monthly number of employees during the year was: 10

2024
2023
Number
Number
10
11
Employment costs
2024
2023
£
£
Wages and salaries
260,926
318,602
Social security costs
17,134
16,535
Other pension costs
19,669
26,806
297,729
361,943
There were no employees whose annual remuneration was more than £60,000.
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 21 -
12
Gains and losses on investments
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
2024
2024
2024
2024
2023
2023
2023
2023
Gains/(losses) arising on:
£
£
£
£
£
£
£
£
Revaluation of investments
1,355
31,677
7,265
40,297
(1,167)
3,148
(9,933)
(7,952)
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 22 -
13
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 September 2023
2,877,333
120,636
223,895
3,221,864
Additions
-
-
3,867
3,867
Revaluation
(1,715,491)
-
-
(1,715,491)
At 31 August 2024
1,161,842
120,636
227,762
1,510,240
Depreciation and impairment
At 1 September 2023
166,401
24,071
213,176
403,648
Depreciation charged in the year
46,260
2,476
8,580
57,316
Revaluation
(166,401)
-
-
(166,401)
At 31 August 2024
46,260
26,547
221,756
294,563
Carrying amount
At 31 August 2024
1,115,582
94,089
6,006
1,215,677
At 31 August 2023
2,710,932
96,565
10,719
2,818,216

 

During the year the club halls were independently valued by a third party. They were valued on a market value basis as opposed to the depreciated replacement cost previously used. This resulted in a significant decrease in the value which has been applied during the year.

15
Fixed asset investments
Listed investments
Unlisted investments
Total
£
£
£
Cost or valuation
At 1 September 2023
568,593
270,051
838,644
Valuation changes
8,619
31,676
40,295
Disposals
(136,198)
-
(136,198)
At 31 August 2024
441,014
301,727
742,741
Carrying amount
At 31 August 2024
441,014
301,727
742,741
At 31 August 2023
568,593
270,051
838,644
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
15
Fixed asset investments
(Continued)
- 23 -
Fixed asset investments revalued

Investments are included at revalued amounts based on valuations carried out on the individual investments.

16
Stocks
2024
2023
£
£
Finished goods and goods for resale
1,482
3,897
17
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
2,624
Other debtors
1,433
2,000
Prepayments and accrued income
55,235
19,040
56,668
23,664
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
40,000
40,000
Total debtors
96,668
63,664
18
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other taxation and social security
462
-
Deferred income
19
35,666
90,041
Trade creditors
18,196
21,238
Other creditors
4,629
4,134
Accruals
17,821
14,706
76,774
130,119
YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 24 -
19
Deferred income
2024
2023
£
£
DAERA
-
48,125
Education Authority
11,750
12,500
Reta Lita Foundation
22,666
27,666
Power NI
1,250
1,250
Other deferred income
-
500
35,666
90,041
20
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
19,669
26,806

The Association operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Association in an independently administered fund.

YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 25 -
21
Endowment funds

Endowment funds represent assets which must be held permanently by the Association. Income arising on the endowment funds can be used in accordance with the objects of the Association and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Movement in funds
Balance at
1 September 2023
Incoming resources
Resources expended
Transfers

Gains and losses

Balance at
31 August 2024
£
£
£
£
£
£
Expendable endowments
President's appeal fund
9,532
-
-
369
9,901
King George VI Leadership Memorial Fund
21,037
-
-
815
21,852
Public Speaking Competition
897
-
-
104
1,001
Golden Jubilee Endowment Fund
43,198
-
-
1,674
44,872
Richard Chalmers Prize Fund
1,166
-
-
135
1,301
Young Farmers' Clubs of Ulster Trust
136,197
-
-
(136,197)
-
-
Clubs and County Committees
107,510
-
-
4,167
111,677
319,537
-
-
(136,197)
7,265
190,605

The Young Farmers' Clubs of Ulster Trust which was managed by DAVY was wound up during the financial year to 31.08.2024 with the funds deposited into a Fixed Term Deposit account.

YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 26 -
22
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 September 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 August 2024
£
£
£
£
£
£
Clubs and County Committees
4,807,444
1,264,313
(992,337)
(249,554)
(1,517,414)
3,312,452
EA Regional Strategic Fund
2,959
146,250
(171,968)
22,759
-
-
DAERA
-
58,125
(112,471)
54,346
-
-
The Award Scheme
-
1,562
(1,562)
-
-
-
4,810,403
1,470,250
(1,278,338)
(172,449)
(1,517,414)
3,312,452
Previous year:
At 1 September 2022
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 August 2023
£
£
£
£
£
£
Clubs and County Committees
4,581,532
1,254,492
(892,309)
(139,419)
3,148
4,807,444
EA Regional Strategic Fund
16,796
150,000
(163,837)
-
-
2,959
DAERA
26,813
91,042
(122,585)
4,730
-
-
The Award Scheme
-
2,056
(2,056)
-
-
-
DAERA Land Mobility
-
40,000
(73,974)
33,974
-
-
4,625,141
1,537,590
(1,254,761)
(100,715)
3,148
4,810,403

Fund transfers relate to the payment of membership subscriptions by clubs on behalf of their members to the organisation's head office and other transactions between the clubs and the head office.

 

Additional transfers cover any overspend in the DAERA and EA funds.

YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 27 -
23
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 August 2024
£
£
£
£
£
£
General funds
455,219
178,441
(288,670)
308,646
1,355
654,991
Previous year:
At 1 September 2022
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 August 2023
£
£
£
£
£
£
General funds
436,927
178,666
(259,922)
100,715
(1,167)
455,219
24
Analysis of net assets between funds
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2024
2024
2024
2024
£
£
£
£
At 31 August 2024:
Tangible assets
-
1,215,677
-
1,215,677
Investments
250,408
301,728
190,605
742,741
Current assets/(liabilities)
404,583
1,795,046
-
2,199,629
654,991
3,312,451
190,605
4,158,047
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2023
2023
2023
2023
£
£
£
£
At 31 August 2023:
Tangible assets
4,485
2,813,731
-
2,818,216
Investments
249,056
270,051
319,537
838,644
Current assets/(liabilities)
201,678
1,726,621
-
1,928,299
455,219
4,810,403
319,537
5,585,159
25
Events after the reporting date

There have been no significant events after the reporting period.

YOUNG FARMERS' CLUBS OF ULSTER, THE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 28 -
26
Related party transactions

There were no disclosable related party transactions during the year (2023- none).

27
Analysis of changes in net funds

The Association had no material debt during the year.

28
Cash generated from operations
2024
2023
£
£
(Deficit)/surpus for the year
121,980
193,621
Adjustments for:
Investment income recognised in statement of financial activities
(58,583)
(14,491)
Fair value (gains) and losses on investments
(40,297)
7,952
Depreciation and impairment of tangible fixed assets
57,316
58,838
Movements in working capital:
Decrease in stocks
2,415
134
(Increase) in debtors
(33,004)
(8,287)
Increase/(decrease) in creditors
1,030
(11,860)
(Decrease) in deferred income
(54,375)
(6,499)
Cash (absorbed by)/generated from operations
(3,518)
219,408
2024-08-312023-09-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2NI0039642023-09-012024-08-31NI003964bus:Director12023-09-012024-08-31NI003964bus:Director22023-09-012024-08-31NI003964bus:Director42023-09-012024-08-31NI003964bus:Director62023-09-012024-08-31NI003964bus:Director82023-09-012024-08-31NI003964bus:Director92023-09-012024-08-31NI003964bus:Director102023-09-012024-08-31NI003964bus:Director112023-09-012024-08-31NI003964bus:Director132023-09-012024-08-31NI003964bus:Director152023-09-012024-08-31NI003964bus:Director162023-09-012024-08-31NI003964bus:Director182023-09-012024-08-31NI003964bus:Director202023-09-012024-08-31NI003964bus:Director212023-09-012024-08-31NI003964bus:Director222023-09-012024-08-31NI003964bus:Director232023-09-012024-08-31NI003964bus:Director252023-09-012024-08-31NI003964bus:Director262023-09-012024-08-31NI003964bus:Director272023-09-012024-08-31NI003964bus:Director282023-09-012024-08-31NI003964bus:Director292023-09-012024-08-31NI003964bus:Director302023-09-012024-08-31NI003964bus:Director312023-09-012024-08-31NI003964bus:Director322023-09-012024-08-31NI003964bus:Director332023-09-012024-08-31NI003964bus:Director342023-09-012024-08-31NI003964bus:Director352023-09-012024-08-31NI003964bus:Director362023-09-012024-08-31NI003964bus:Director372023-09-012024-08-31NI003964bus:Director382023-09-012024-08-31NI003964bus:Director392023-09-012024-08-31NI0039642024-08-31NI0039642023-08-31NI0039642022-09-012023-08-31NI003964bus:FRS1022023-09-012024-08-31NI003964bus:Audited2023-09-012024-08-31NI003964bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP