National Federation of Young Farmers' Clubs "Fun, Learning and Achievement"

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" What is the Levy? The levy is a pot of money that provides the income from the NFYFC membership every year – pot is currently £299, It is a fixed figure that gets divided by the number of members at year end (31 st Aug) - 31 st Aug 2014 = 22,519 levy paying members (10-26yrs) There are 2 reasons for a levy pot: 1.It enables NFYFC to budget accurately as membership income is known 2.It means if the membership increases in a year, members pay less In order to increase the levy pot (membership income) it has to be done by a % figure and voted on at AGM meeting at convention weekend

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" Current Situation The Board of Management are recommending a 20% increase of the Levy pot this year That would increase the levy pot from £299,157 to £358,988 (+£59,831) If membership numbers remained static this would mean a £2.66 increase to membership for 2015 Currently members pay £13.28 this would increase to £15.94 The reason for requesting a levy increase is simple. We have a gap in our income vs expenditure which we need to address The Board has 2 choices: 1. We look to increase our income by increasing the levy pot 2. We look at cutting services (decrease our expenditure) Currently the Board of Management do not wish to make cuts to any services

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" What is HOPS Labour Solutions Ltd? HOPS –has provided more than £2.2 million since 2004 and more than £3.2 million since it started 25 yrs ago to NFYFC What is HOPS? Commercial arm of NFYFC HOPS is a labour provider to UK land based industry

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" HOPs – current situation SAWS Home office scheme ended – no longer USP Operating in an open market – non profitable currently Zero profit leaving gap in 2015 budget of approx £270,000 (£11.99 per member) Remodeling business HOPS - the future By end of 2015 should be profit making Projected contribution into NFYFC once again in the 2016 financial year

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" NFYFC Income Streams Levy without increase 32% with 20% increase 39% Annual Convention 13.88% Fees 1.06% Sponsorship & Grants 13.00% HOPS 5.53%** Investments 4.88%* **rental income from HOPS - they rent office space from NFYFC *Income earned on cash and shares held by NFYFC in investments

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" 47% 23% 30% 53% 47%

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" Benchmarking against other organisations OrganisationAnnual SubscriptionAdditional payments The Pony Club Nationawide Including insurance £64 Entry fees for comps/events Scouts Nationwide Including insurance £90 Payable termly - 3 x £30 Plus activity costs Guides Nationwide Including insurance £80 Payable weekly 40 weeks x £2 Plus activity costs St Johns Ambulance Nationwide Including insurance £72 Hockey Club Midlands based South West based Including insurance £150 (new to club £175 (full member) £110 (full member) Match fee £6 to £10 Match fee £5 Rugby Club South East based Mid Wales based Including insurance £215 £75 Incl match fee Match fee £5 NFYFC Levy Insurance premium £13.29 plus 20% £15.95 £5.53 incl IPT expected to be £5.53 Total £18.82 New total £21.48 Contributions made for specific events (usually the residential element of an event) or event tickets are purchased for events that are fundraising/social.

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement" Summary We have a deficit budget for 2015 Board of Management recommended 20% levy increase - £2.66 per member If no increase will have to look at cutting services We have a GAP to fill from reserves - £11.99 per member HOPS hope to start making a contribution (above their rental payments) in 2016

National Federation of Young Farmers' Clubs "Fun, Learning and Achievement"