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||||Page|
|---|---|---|---|
|Members ofthe Board and Professional|Advisers|||
|Trustees'
Annual
Report|||3-8|
|Independent
Examiner's
Report to the|Members|||
|Group Statement
of Financial
Activities
(incorporating
the Income and Expenditure||Account)|10|
|Group and Charity Balance Sheet||||
|Consolidated
Statement
ofCash Flows|||12|
|Notes to the Financial Statements|||13-29|
##
|Registered|Registered|Charity|Name|Name|Southport
Flower|Show|||
|---|---|---|---|---|---|---|---|---|
|Charity Number|||||1000698||||
|Company|Registration|||Number|02103365||||
|Principal|Office||||Southport
Flower|Show|||
||||||Victoria Park||||
||||||Rotten Row||||
||||||Southport||||
||||||Merseyside||||
||||||PR8 2BZ||||
|Trustees|||||Mr M L Steinberg||||
||||||Mr RAnderson||||
||||||Mr A Edwards||||
||||||Mr TJ D Fleming||||
||||||Mrs A P Pope||||
||||||Mr R M Ratcliffe||||
||||||Mrs M Tarpey||||
||||||Mr T Heywood||||
||||||Mr AJ Porter|(Appointed|3November|2020)|
||||||Mr E P Rylands|(Appointed|3 November|2020)|
|Independent||Examiner|||MHA Moore and Smalley||||
||||||Chartered
Accountants||||
||||||Richard House||||
||||||9Winckley Square||||
||||||Preston||||
||||||Lancashire||||
||||||PR1 3HP||||
|Bankers|||||Santander||||
||||||25-29 Chapel Street||||
||||||Southport||||
||||||Merseyside||||
||||||PR8 1AL||||
|Legal advisers|||||MSB Solicitors||||
||||||4 St Pauls Square||||
||||||Liverpool||||
||||||L39SJ||||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
||||Unrestricted|Year ended|Year ended|
||||funds|31 December|31 December|
|||||2021|2020|
|Income and endowments|from:|Note|E|F|6|
|Donations
and legacies||2|3,674|3,674|377|
|Charitable
activities||3|18,772|18,772|31,803|
|Other trading
activities||4|28,419|28,419|2,020|
|Investments||5|111|111|413|
|Other||6|176,244|176,244|72,061|
|Total income and endowments|||227,220|227,220|106,674|
|Expenditure
on:||||||
|Raising funds|||71,095|71,095|108,329|
|Charitable
activities||||||
|Flower show event|||149,355|149,355|231,319|
|Park maintenance|||29,727|29,727|39,112|
|Governance
costs|||4,608|4,608|6,700|
|Total expenditure|||254,786|254,786|385,459|
|Net income/(expenditure)|||27,566|27,566|278,785|
|Net movement
in funds|||(27,566)|(27,566)|(278,785)|
|Reconciliation
offunds||||||
|Total funds brought forward|||903,318|903,318|1,182,103|
|Total funds carried forward|||875,752|875,752|903,318|
##
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||||||||Group||Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
||||||Note|E|E|E|E|
|Fixed assets||||||||||
|Intangible
assets|||||12||4,000||4,000|
|Tangible assets|||||13|673,412|713,988|653,155|692,083|
|Investments|||||14|||52|52|
|||||||673,412|717,988|653,207|696,135|
|Current assets||||||||||
|Debtors|||||15|134,474|79,615|180,223|105,681|
|Cash at bank|and|in|hand|||366,459|322,421|204,176|301,700|
|||||||500,933|402,036|384,399|407,381|
|Creditors: amounts
year|||falling|due within one|16|~260,280|~166,706|~181,003|~83,533|
|Net current|assets|||||240,673|235,330|203,396|312,848|
|Total assets|less|current||liabilities||914,085|953,318|856,603|1,008,983|
|Creditors: amounts
than one year|||falling|due after more|17|~38,333|~50,000|~38,333|~50,000|
|Net assets||||||875,752|903,318|818,270|958,983|
|Unrestricted|funds|||||||||
|General fund|||||19|202,340|185,330|165,115|262,900|
|Fixed assets|fund||||19|254,116|285,960|233,859|238,651|
|Revaluation
fund|||||19|419,296|432,028|419,296|457,432|
|Restricted funds|||||20|||||
|||||||875,752|903,318|818,270|958,983|
##
##
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||Note|E|E|
|Cash (utilised)/generated||by operating|||activities||25|59,044|~190,043|
|Cash flows from investing||activities||||||||
|Investment
income|||||||||413|
|Purchase oftangible|fixed|assets||||||(4,050)|(8,192)|
|Cash (used in)/provided||by investing||activities||||~3,939|~7,779|
|(Decrease)/Increase|in cash and||cash equivalents|||in the year||55,705|(198,422)|
|Cash and cash equivalents||at the|beginning||of the|||272,421|470,843|
|year||||||||||
|Total cash and cash
the year|equivalents||at the||end of|||328,126|272,421|
|Cash at bank
Bank loan||||||||366,459
~30,333|322,421
~50,000|
|||||||||328,126|272,421|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||general|funds|funds|
|||funds|2021|2020|
|||E||E|
|Show|admissions|1,827|1,827|3|
|Grant|income|16,945|16,945|31,800|
|||18,772|18,772|31,803|
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||general|funds|funds|
|||funds|2021|2020|
|||F|F|F|
|Trade|stands|27,713|27,713||
|Sundry|income|706|706|2,020|
|||28,419|28,419|2,020|
##
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|Incom|e from|investments||||
|---|---|---|---|---|---|
||||Unrestricted|Tots I|Total|
||||general|funds|funds|
||||funds|2021|2020|
||||E|||
|Bank|interest|rsceNable|||413|
||||111|111|413|
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||general|funds|funds|
|||funds|2021|2020|
|Coronavirus|Job Retention Scheme grants|25,255|25,255|35,314|
|Hire offacilities||150,989|150,989|36,747|
|||176,244|176,244|72,061|
##
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||general|funds|funds|
|||funds|2021|2020|
|||F|E|F|
|Show infrastructure||235|235|216|
|Event costs||227|227|1,126|
|Hire of equipment||476|476|934|
|Other show costs||1,610|1,610|1,259|
|Securiiy|||||
|Marketing
and promotion||4,232|4,232|19,770|
|Employee costs||43,346|43,346|60,258|
|Office expenses and consultancy||5,464|5,464|7,916|
|Bad debts written|off|||505|
|Depreciation||15,503|15,503|16,281|
|||71,095|71,095|108,329|
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||general|funds|funds|
||||fundsf|2021|2020
K|
|Flower show||event||||
|Competition|costs and prizes||||1,665|
|Show infrastructure|||501|501|457|
|Event costs|||482|482|2,392|
|Hire of equipment|||1,012|1,012|1,982|
|Other show|costs||3,422|3,422|2,675|
|Security|||||140|
|Marketing
and||promotion|8,993|8,993|42,008|
|Employee costs|||90,756|90,756|126,164|
|Office expenses and consultancy|||11,555|11,555|19,516|
|Depreciation|||32,636|32,636|34,320|
||||149,355|149,355|231,319|
|Park maintenance||||||
|Repairs and|renewals||6,719|6,719|10,240|
|Vehicle costs|||3,639|3,639|1,900|
|Rates|||11,184|11,184|16,365|
|Utilities|||1,040|1,040|196|
|Insurance|||7,145|7,145|10,411|
||||29,727|29,727|39,112|
|Governance||costs||||
|Employee costs|||1,354|1,354|1,882|
|Accountancy||fees|2,600|2,600|2,750|
|Depreciation|||486|486|511|
|Office expenses and consultancy|||168|168|1,557|
||||4,608|4,608|6,700|
||||183,691|183,691|277,131|
##
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|This is stated|after charging:|after charging:||2021|2020|
|---|---|---|---|---|---|
|Depreciation||||48,627|51,112|
|Independent|examiner|||||
|- Independent|examination||of the accounts|1,900|1,250|
|- Other fees||||700|1,500|
|Auditor's/Independent||examiner's||||
|fees||||||
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|6|
|Accountancy|||||700|1,500|
|Staff Costs||and Emoluments|||||
||||||2021|2020|
|||||||6|
|Wages|and salaries||||124,859|172,280|
|Social|security costs||||5,568|12,514|
|Other pension costs|||||3,097|3,511|
||||||133,524|188,305|
|Particulars||ofemployees:|||||
|The average||number ofemployees|during|the year was as follows:|||
||||||2021|2020|
||||||No|No|
|Number|of full time staff||||2|2|
|Number|of part time staff||||4|6|
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|Intangible
Fixed Assets|||
|---|---|---|
||Website||
|GROUP|costs|Total|
|Cost or valuation|f|F|
|At 1 January
2021|20,000|20,000|
|Additions|||
|At 31 December 2021|20,000|20,000|
|Depreciation|||
|At 1 January
2021|16,000|16,000|
|Charge
in the year|4,000|4,000|
|At 31 December 2021|20,000|20,000|
|Net book value|||
|At 31 December 2021|||
|At 1 January
2021|4,000|4,000|
||Webaits||
|CHARITY|costs|Total|
|Cost or valuation|E|6|
|At 1 January
2021|20,000|20,000|
|Additions|||
|At 31 December 2021|20,000|20,000|
|Depreciation|||
|At 1 January
2021|16,000|16,000|
|Charge
in the year|4,000|4,000|
|At 31 December 2021|20,000|20,000|
|Net book value|||
|At 31 December 2021|||
|At 1 January
2021|4,000|4,000|
##
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|Tangible
Fixe|d Assets||||
|---|---|---|---|---|
|||Leasehold|Plant &||
|GROUP||premises|Equipment|Total|
|||6|6|6|
|Cost or valuation|||||
|At 1 January|2021|993,345|311,599|1,304,944|
|Additions|||4,050|4,050|
|Disposals|||||
|At 31 December 2021||993,345|315,649|1,308,994|
|Depreciation|||||
|At 1 January|2021|362,312|228,643|590,955|
|Charge
in the|year|27,366|17,261|44,627|
|Disposals|||||
|At 31 December 2021||389,678|245,904|635,582|
|Net book value|||||
|At 31 December 2021||603,667|69,745|673,412|
|At 1 January|2021|631,033|82,956|713,989|
|||Leasehold|Plant &||
|CHARITY||premises|Equipment|Total|
|||6||6|
|Cost or valuation|||||
|At 1 January|2021|993,345|262,479|1,255,824|
|Additions|||||
|Disposals|||||
|At 31 December 2021||993,345|262,479|1,255,824|
|Depreciation|||||
|At 1 January|2021|362,312|201,428|563,740|
|Charge
in the|year|27,366|11,563|38,929|
|Disposals|||||
|At 31 December 2021||389,678|212,991|602,669|
|Net book value|||||
|At 31 December 2021||603,667|49,488|653,155|
|At 1 January|2021|631,033|61,051|692,084|
##
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|Investments||||
|---|---|---|---|
|||Total Funds|Total Funds|
|||2021|2020|
|Group||5||
|Other investments||||
|Shares held|in subsidiaries|||
|||Total Funds|Total Funds|
|||2021|2020|
|Charity|||E|
|Other investments||||
|Shares held|in subsidiaries|52|52|
##
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Turnover|||||24,263||
|Cost of sales|||||(12,668)|(42,312)|
|Gross loss|||||11,595|(42,312)|
|Administrative|expenses||||(52,897)|(67,213)|
|Other operating||income|||154,440|36,747|
|Interest receivable|||||6|67|
|Operating
profit|||||113,144|(72,711)|
|Tax on profit|||||||
|Profit for the|financial year||||113,144|(72,711)|
|Retained
earnings|||brought forward||(55,664)|143,753|
|Distributions|to|parent charity||under gift aid||(126,706)|
|Retained
earnings|||carried forward||57,480|55,664|
##
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|Creditors: Amou|nts
falling due within o|ne year||||
|---|---|---|---|---|---|
||||Group||Charity|
|||2021|2020|2021|2020|
|||6|K|K||
|Trade creditors||16,687|4,977|6,606|4,808|
|Taxation and social security||4,335|854|||
|Deferred
income||226,364|157,845|162,220|87,546|
|Other creditors||10,277|149|10,277|149|
|Accruals||2,597|2,881|1,900|2,030|
|||260,260|166,706|181,003|94,533|
|Deferred income||||||
|||2021|2020|2021|2020|
|||6||E|F|
|Deferred income|as 1 January|157,845|78,465|67,287|67,287|
|Released from previous year|||(78,465)||(67,287)|
|Income deferred|in the year|68,519|157,845|94,933|87,546|
|Deferred income|at 31 December|226,364|157,845|162,220|87,546|
##
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|||Fixed asset/|General|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Reval Fund|Fund|2021|2020|
|Group||E|E|F|E|
|Movement
for the period||||||
|Balance|at start of period|717,988|185,330|903,318|1,182,103|
|(Deficit)/surplus
for the period||(44,576)|17,010|(27,566)|(278,785)|
|Transfers||||||
|Balance|at the end of the period|673,412|202,340|875,752|903,318|
|Analysis|ofassets and liabilities|||||
|Fixed assets and investments||673,412||673,412|717,988|
|Current|assets||500,933|500,933|402,036|
|Current|liabilities||(260,260)|(260,260)|(166,706)|
|Creditors|due after more than one year||38,333|38,333|50,000|
|Balance|at end of period|673,412|202,340|875,752|903,318|
|||Fixed asset/|General|Total Funds|Total Funds|
|||Reval Fund|Fund|2021|2020|
|Charity||E|E|E|E|
|Movement
for the peiod||||||
|Balance|at start of period|696,083|262,900|958,983|1,038,348|
|(Deficit)/surplus
for the period||(42,928)|(97,785)|(140,713)|(79,365)|
|Transfers||||||
|Balance|at the end of the period|653,155|165,115|818,270|958,983|
|Analysis|ofassets and liabilities|||||
|Fixed assets and investments||653,155|52|653,207|696,135|
|Current|assets||384,399|384,399|407,381|
|Current|liabilities||(181,003)|(181,003)|(94,533)|
|Creditors|due after more than one year||(38,333)|(38,333)|(50,000)|
|Balance|at end of period|653,155|165,115|818,270|958,983|
##
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|||Fixed asset/|General|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Reval Fund|Fund|2020|2019|
|Group|||f|E|E|
|Movement
for the period||||||
|Balance|at start of period|760,908|421,195|1,182,103|1,165,945|
|(Deficit)/surplus
for the period||(42,920)|(235,865)|(278,785)|16,158|
|Transfers||||||
|Balance|at the end of the period|717,988|185,330|903,318|1,182,103|
|Analysis|ofassets and liabilities|||||
|Fixed assets and investments||717,988||717,988|760,908|
|Current|assets||402,036|402,036|530,597|
|Current|liabilities||(166,706)|(166,706)|(109,402)|
|Creditors|due after more than one year||50000|50000||
|Balance|at end of period|717,988|185,330|903,318|1,182,103|
|||Fixed asset/|General|Total Funds|Total Funds|
|||Reval Fund|Fund|2020|2019|
|Charity||E|E|||
|Movement
for the peiod||||||
|Balance|at start of period|731,538|306,810|1,038,348|1,050,448|
|(Deficit)/surplus
for the period||(35,455)|(43,910)|(79,365)|(12,100)|
|Transfers||||||
|Balance|at the end of the period|696,083|262,900|958,983|1,038,348|
|Analysis|ofassets and liabilities|||||
|Fixed assets and investments||696,083|52|696,135|731,590|
|Current|assets||407,381|407,381|409,060|
|Current|liabilities||(94,533)|(94,533)|(102,302)|
|Creditors|due after more than one year||50000|50,000||
|Balance|at end of period|696,083|262,900|958,983|1,038,348|
##
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|Within
the fixed assets fund
is a balance
relating
t
reserve may be summarised
as follows:|o the revaluation
reserve.
The mov|ement
on this|
|---|---|---|
||2021|2020|
|Group and Charity|F|F|
|Balance at the start ofthe year
Transfer to fixed assets|432,028
~12732|444,760
~12672|
|Balance at end ofthe year|419,296|432,028|
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
||||||6|6|
|Net movement|in funds||||(27,570)|(91,022)|
|Depreciation|||||48,627|51,112|
|Interest income|shown||in investing|activities|(111)|(413)|
|(Increase)/decrease||in|debtors||(54,859)|(53,688)|
|(Decrease)/increase||in|creditors||93,557|256,761|
|Net cash generated||by|operating|actigties|59,644|162,750|