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|||||Page|
|---|---|---|---|---|
|Trustees'<br>report||||1-10|
|Trustees'<br>responsibilities|||statement||
|Independent|auditors'|report on the financial statements||12 —15|
|Consolidated|statement||offinancial activities|16|
|Consolidated|balance sheet|||17|
|Society balance sheet||||18 —19|
|Consolidated|statement||ofcash flows|20|
|Notes to the|financial statements|||21 -45|





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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||Note|E|E|F|
|Income from:|||||||
|Donations,<br>legacies|and grants|||214,536|214,536|167,902|
|Charitable<br>activities||||170,701|170,701|46,984|
|Other trading<br>activities||||652,750|652,750|742,678|
|Investments||||19,548|19,548|7,095|
|Other income||||31,947|31,947|361,794|
|Total income||||1,089,482|1,089,482|1,326,453|
|Expenditure<br>on:|||||||
|Raising funds||||94,203|94,203|157,887|
|Charitable<br>activities||||989,054|989,054|1,223,110|
|Total expenditure||||1,083,257|1,083,257|'l,380,997|
|Net income/(expenditure)||before net gains on|||||
|investments||||6,225|6,225|(54,544)|
|Net gains on investments||||50,263|50,263|4,322|
|Net movement<br>in funds||||56,488|56,488|(50,222)|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward|||3,525,886|3,525,886|3,576, 108|
|Net movement<br>in funds||||56,488|56,488|(50,222)|
|Total funds carried|forward|||3,582,374|3,582,374|3,525,886|





## 

## 

|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||E|||
|Fixed assets|||||||
|Tangible assets||18||3,661,710||3,834,464|
|Investments||20||701,568||405,361|
|Investment<br>property||||525,000||525,000|
|||||4,888,278||4,764,825|
|Current assets|||||||
|Debtors||21|265,391||113,669||
|Cash at bank and|in hand||532,430||605,578||
||||797,821||719,247||
|Creditors: amounts|falling due within one||||||
|year||22|(482,885)||(377,177)||
|Net current assets||||314,936||342,070|
|Total assets less|current liabilities|||5,203,214||5,106,895|
|Creditors: amounts|falling due after more||||||
|than one year||23||(1,620,840)||(1,522,858)|
|Provisions<br>for liabilities||||||(58,151)|
|Total net assets||||3,582,374||3,525,886|
|Charity funds|||||||
|Restricted<br>funds||26|||||
|Unrestricted<br>funds||26||3,5&2,374||3,525,886|
|Total funds||||3,582,374||3,525,886|





## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||E||E|
|Fixed assets||||||||
|Tangible assets|||18||3,661,710||3,834,464|
|Investments|||20||701,573||405,366|
|Investment<br>property|||||525,000||525,000|
||||||4,888,283||4,764,830|
|Current assets||||||||
|Debtors|||21|447,633||102,309||
|Cash at bank and|in hand|||126,423||490,654||
|||||574,056||592,963||
|Creditors: amounts||falling due within one||||||
|year|||22|(262,987)||(254,760)||
|Net current assets||/ liabilities|||311,069||338,203|
|Total assets less|current liabilities||||5,199,352||5,103,033|
|Creditors:<br>amounts||falling due after more||||||
|than one year|||23||(1,620„840)||(1,522,858)|
|Provisions<br>for liabilities|||||||(58,151)|
|Total net assets|||||3,578,512||3,522,024|
|Charity funds||||||||
|Restricted<br>funds|||26|||||
|Unrestricted<br>funds|||26||3,578,512||3,522,024|
|Total funds|||||3,578,512||3,522,024|





## 

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## 



## 

## 

||||2021|2020|
|---|---|---|---|---|
||||E||
|Cash flows from operating<br>activities|||||
|Net cash|used<br>in operating<br>activities||(50,290)|(128,389)|
|Cash flows from investing<br>activities|||||
|Dividends,|interests<br>and rents from investments||19,548|7,545|
|Proceeds|from the sale oftangible<br>fixed assets|||581,500|
|Purchase|oftangible<br>fixed assets|||(1,335)|
|Proceeds|from sale of investments||46,716|58,099|
|Purchase|of investments||(291,684)|(95,529)|
|Net cash|(used in)/provided<br>by investing|activities|(225,420)|550,280|
|Cash flows from financing<br>activities|||||
|Increase/(repayments)<br>of borrowing|||202,562|(61,137)|
|Net cash|provided<br>by/(used<br>in) financing|activities|202,562|(61,137)|
|Change<br>in cash and cash equivalents<br>in||the year|(73,148)|360,754|
|Cash and|cash equivalents<br>at the beginning|ofthe year|605,578|244,824|
|Cash and|cash equivalents<br>at the end of|the year|532,430|605,578|
|The notes|on pages 21 to 45 form part ofthese financial statements||||





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|Donations,|legacies and grants|||
|---|---|---|---|
|||2021|2020|
|Membership|subscriptions|17,734|19,681|
|Donations||||
|Government|grants|196,802|148,221|
|||214,536|167,902|



## 

## 

|||2021|2020|
|---|---|---|---|
|||E||
|Interest receivable||9,712|603|
|Dividends|receivable|9,836|6,492|
|||19,548|7,095|



## 

|Other|income|||
|---|---|---|---|
|||2021|2020|
|||E|F|
|Profit|on disposal||333,096|
|Other|income|31,947|28,698|
|||31,947|361,794|



## 



## 

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## 

## 

## 

|Direct|costs|||
|---|---|---|---|
|||Total|Total|
|||Unrestricted|Unrestricted|
|||2021|2020|
|||E|F|
|Finance|income and expenses|71,819|65,298|
|Show expenditure||335,712|322,301|
|Wages|and salaries|147,319|259,643|
|National|insurance|7,974|16,926|
|Pension|cost|10,213|10,659|
|||573,037|674,827|





## 

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## 

## 

## 

|Support|cost|s f|or Soci|ety Activities|||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||Unrestricted|Unrestricted|
||||||2021|2020|
||||||E||
|Salaries|and temporary|||staff|141,956|254,836|
|National|insurance||||12,677|23,521|
|Pension|costs||||8,851|14,365|
|Other employment|||costs||396|660|
||||||163,880|293,382|
|Insurance|||||24,188|26,471|
|Property|and equipment|||maintenance|7,855|8,251|
|Depreciation|||||134,268|134,762|
|Loss on disposal|||offixed|assets|38,486||
||||||204,797|169,484|
|Governance costs|||||||
|Audit|||||11,155|10,575|
|Accountancy|||||4,531|4,171|
|Professional|||||14,168|30,505|
|Marketing|||||16,460|24,135|
|Society costs|||||1,026|16,031|
||||||47,340|85,417|
||||||416,017|548,283|
|Professional||fees|||||
||||||2021|2020|
||||||E|E|
|Stockbroking|||||6,389|4,398|
|Legal|||||7,779|27,921|
|Other||||||(1,814)|
||||||14,168|30,505|





## 

## 

## 

||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021f|2021f|2020f|
|Society|989,054|989,054|1,223,110|
|Total 2020|1,223,110|1,223,110||



|||||Total|Total|
|---|---|---|---|---|---|
||Staff costs|Depreciation|Other costs|funds|funds|
||2021<br>f|2021<br>f|2021<br>f|2021f|2020f|
|Society|328,990|134,268|525,796|989,054|1,223,110|
|Total 2020|579,950|134,762|508,398|1,223,110||



||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2021|2021f|2021f|2020f|
|Society|573,037|416,017|989,054|1,223,110|
|Total 2020|674,827|548,283|1,223,110||





## 

## 

## 

|||||2021|2020|
|---|---|---|---|---|---|
|||||E||
|Fees payable|to the|Society's auditor|for the audit ofthe Society's annual|||
|accounts||||11,355|10,575|
|Fees payable|to the|Society's auditor|in respect of:|||
|The auditing|ofaccounts ofassociates||of the company|1,050|1,000|
|Taxation compliance||services||1,025|500|



## 

|||||Group|Group|Society|Society|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||||E|F|
|Wages and|salaries|||289,275|514,479|289,275|514,479|
|Social security costs||||20,651|40,447|20,651|40,447|
|Contribution|to defined|contribution|pension|||||
|schemes||||19,064|25,024|19,064|25,024|
|||||328,990|579,950|328,990|579,950|



|Group|Group|Society|Society|
|---|---|---|---|
|2021|2020|2021|2020|
|No.|No.|No.|No.|
|13|23|13|23|



## 



## 

## 

## 

## 

||||2021|2020|
|---|---|---|---|---|
||||F|E|
|On|other loans||?1,819|64,031|
|On|finance leases and hire purchase|contracts||1,267|
||||71,819|65,298|



## 

|||Assets<br>in|||
|---|---|---|---|---|
|||the course|||
||Freehold|of|Fixtures and||
||property|construction|fittings|Total|
||F|F|E|F|
|Cost or valuation|||||
|At 1 October 2020|6,927,965|40,311|628,798|7,597,074|
|Disposals||(38,486)||(38,486)|
|At 30 September 2021|6,927,965|1,825|628,798|7,558,588|
|Depreciation|||||
|At 1 October 2020|3,234,162||528,448|3,762,610|
|Charge for the year|103,048||31,220|134,268|
|At 30 September 2021|3,337,210||559,668|3,896,878|
|Net book value|||||
|At 30 September 2021|3,590,755|1,825|69,130|3,661,710|
|At 30 September 2020|3,693,803|40,311|100,350|3,834,464|





## 

## 

## 

## 

||||2021|2020|
|---|---|---|---|---|
|||||F|
|Plant|and|machinery|13,838|18,450|



## 

|||Freehold|
|---|---|---|
|||investment|
|||property|
|||E|
|Valuation|||
|At 1 October 2020||525,000|
|Surplus<br>on revaluation|||
|At 30September|2021|525,000|





## 

## 

## 

||Listed|
|---|---|
||investments|
|Group||
|Cost or valuation||
|At 1 October 2020|405,361|
|Additions|291,684|
|Disposals|(46,906)|
|Revaluations|51,429|
|At 30 September 2021|701,568|
|Net book value||
|At 30 September 2021|701,568|
|At 30 September 2020|405,361|





## 

## 

## 

||Listed|Unlisted||
|---|---|---|---|
||securities|securities|Total|
|Society|E||E|
|Cost or valuation||||
|At 1 October 2020|405,361|5|405,366|
|Additions|291,684||291,684|
|Disposals|(46,906)||(46,906)|
|Revaluations|51,429||51,429|
|At 30 September 2021|701,568|5|701,573|
|Net book value||||
|At 30 September 2021|701,568|5|701,573|
|At 30 September 2020|405,361|5|405,366|



## 

|||||||Class of||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Name||||||shares|Holding|Principal|activity|||
|Kent Event|and Exhibition|||Centre|Limited|Ordinary|100'/o|Raising funds for||the Kent||
|||||||||County Agricultural||Society|by|
|||||||||the hire of|the showground||to|
|||||||||outside users||||
|Why Farming||Matters|in Kent Limited|||Ordinary|100'/o|Dormant||||
|Farm Expo|Limited|||||Ordinary|100'/o|Dormant||||
|Biddenden|Tractorfest||Limited|||Ordinary|100'/o|Dormant||||





## 

## 

## 

|||||||Group|Group|Society|Society|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|||||||||F|F|
|Due after more than||||one year||||||
|Other debtors||||||22,500|22,500|22,500|22,500|
|||||||22,500|22,500|22,500|22,500|
|Due within one year||||||||||
|Trade debtors||||||214,582|47,450|62,587|36,090|
|Amounts<br>owed|by|group undertakings||||||334,237||
|Other debtors||||||28,309|43,719|28,309|43,719|
|||||||265,391|113,669|447,633|102,309|
|Creditors: Amounts||||falling due|within one year|||||
|||||||Group|Group|Society|Society|
|||||||2021f|2020<br>E|2021|2020|
|Bank loans||||||148,121|37,828|148,121|37,828|
|Trade creditors||||||44,695|45,764|15,753|36,419|
|Amounts<br>owed|to group undertakings|||||||2|45,520|
|Other taxation|and|social security||||79,833|67,343|29,402|67,343|
|Obligations<br>under finance lease and hire||||||||||
|purchase<br>contracts||||||615|7,380|615|7,380|
|Other creditors|||||||25,736||838|
|Accruals<br>and deferred||||income||209,621|193,126|69,094|59,432|
|||||||482,885|377,177|262,987|254,760|
|Deferred income||||||||||
|||||||||Group|Society|
|||||||||F|E|
|Deferred<br>income at|||1|October||||159,943|49,666|
|Resources deferred|||during<br>the year|||||132,789|11,754|
|Amounts<br>released||from previous|||years|||(122,874)|(12,597)|
|||||||||169,858|48,823|



## 



## 

## 

## 

|||||Group|Group|Society|Society|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||E|E|E|E|
|Bank loans||||1,607,836|1,508,187|1,607,836|1,508, 187|
|Net obligations||under|finance lease and hire|||||
|purchase|contracts||||615||615|
|Accruals and||deferred|income|13,004|14,056|13,004|14,056|
|||||1,620,840|1,522,858|1,620,840|1,522,858|




## 



## 

## 

## 

## 

||Deferred|income||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Group|Society|
||Deferred|income at 1 October||||||14,056|14,056|
||Resources deferred||during|the year||||||
||Amounts|released|from previous||years|||(1,052)|(1,052)|
|||||||||13,004|13,004|
|24.|Financial|instruments||||||||
|||||||Group|Group|Society|Society|
|||||||2021|2020|2021|2020|
|||||||F|E|E||
||Financial|assets||||||||
||Financial|assets measured||at fair|value|||||
||through|income and expenditure||||1,226,579|930,361|1,226,579|930,361|



## 

|Grou p a|nd Society||
|---|---|---|
|||Redundancy|
|||provision|
|||E|
|At 1 October 2020||58,151|
|Amounts|used|(58,151)|



## 



## 

## 

## 

|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at 1|||||30|
||||October|||Transfers|Gains/|September|
||||2020|Income|Expenditure|in/out|(Losses)|2021|
||||||E|E||E|
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|Awards|Fund||35,971|||||35,971|
|Tangible||fixed|||||||
|assets|||2,804,394|||(374,256)||2,430,138|
|Womens|||||||||
|Farming||Union|2,160|||||2,160|
||||2,842,525|||(374,256)||2,468,269|
|General||funds|||||||
|General|Funds||683,361|1,089,482|(1,083,257)|374,256|50,263|1,114,105|
|Total|||||||||
|Unrestricted|||||||||
|funds|||3,525,886|1,089,482|(1,083,257)||50,263|3,582,374|



## 



## 

## 

|Stateme|n|t<br>offund|s - prior year||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||Balance at|||||30|
||||1 October|||Transfers|Gains/|September|
||||2019|Income|Expenditure|in/out|(Losses)|2020|
|||||||||F|
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|Awards|Fund||36,471||(500)|||35,971|
|Tangible||fixed|||||||
|assets|||3,139,172|||(334,778)||2,804,394|
|Women|s||||||||
|Farming||Union|2,171||(18)|||2,160|
||||3,177,814||(518)|(334,778)||2,842,525|
|General||funds|||||||
|General|Funds||398,294|1,326,446|(1,380,479)|334,778|4,322|683,361|
|Total|||||||||
|Unrestricted|||||||||
|funds|||3,576,108|1,326,453|(1,380,997)||4,322|3,525,886|



## 

|Summary<br>offu|nds - current yea|r|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at 1|||||30|
||October|||Transfers|Gains/|September|
||2020|Income|Expenditure|in/out|(Losses)|2021|
|||E|||||
|Designated|||||||
|funds|2,842,525|||(374,256)||2,468,269|
|General funds|683,361|1,089,482|(1,083,257)|374,256|50,263|1,114,105|
||3,525,886|1,089,482|(1,083,257)||50,263|3,582,374|





## 

|Summary<br>offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||||30|
||1 October|||Transfers|Gains/|September|
||2019|Income|Expenditure|in/out|(Losses)|2020|
||E|F|E||F||
|Designated|||||||
|funds|3,177,814|7|(518)|(334,778)||2,842,525|
|General funds|398,294|1,326,446|(1,380,479)|334,778|4,322|683,361|
||3,576,108|1,326,453|(1,380,997)||4,322|3,525,886|



|Analysis||of n|et assets between<br>funds - current year|||
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021<br>E.|2021f|
|Tangible|fixed||assets|3,661,710|3,661,710|
|Fixed asset investments||||701,568|701,568|
|Investment||property||525,000|525,000|
|Debtors|due after more than one year|||22,500|22,500|
|Current|assets|||775,321|775,321|
|Creditors||due|within one year|(482,885)|(482,885)|
|Creditors||due|in more than one year|(1,620,840)|(1,620,840)|
|Total||||3,582,374|3,582,374|





## 

## 

## 

## 

## 

|28.|Analysis|of net assets|of net assets|between|funds (continued)|||
|---|---|---|---|---|---|---|---|
||Analysis|of net assets||between|funds - prior year|||
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2020|2020|
||||||||F|
||Tangible|fixed|assets|||3,834,464|3,834,464|
||Fixed asset investments|||||405,361|405,361|
||Investment<br>property|||||525,000|525,000|
||Debtors due after more|||than one|year|22,500|22,500|
||Current assets|||||696,747|696,747|
||Creditors|due|within one year|||(377,177)|(377,177)|
||Creditors|due|in more than one year|||(1,522,858)|(1,522,858)|
||Provisions|for|liabilities|and charges||(58,151)|(58,151)|
||Total|||||3,525,886|3,525,886|
|29.|Reconciliation||of net|movement|in funds to net cash flow from operating|activities||



|||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021|2020|
||||||||||||E|
|Net<br>income/expenditure||for|the|year|(as|per|Statement|of|Financial|||
|Activities)||||||||||56,488|(50,222)|
|Adjustments<br>for:||||||||||||
|Depreciation<br>charges||||||||||134,268|134,762|
|Losses on investments||||||||||(51,239)|(4,472)|
|Dividends,<br>interests|and|rents|from|investments||||||(19,548)|(7,545)|
|(Increase)/decrease|in debtors|||||||||(151,722)|22,860|
|Increase<br>in creditors||||||||||1,129|54,350|
|(Decrease)/increase|to provisions|||||||||(58,151)|41,951|
|Profit on disposal of|fixed asset|||||||||38,485|(320,073)|
|Net cash used in operating|||activities|||||||(50,290)|(128,389)|





## 

## 

## 

|Cash|in hand|
|---|---|
|Total|cash and cash equivalents|



|Group|Group|
|---|---|
|2021|2020|
||f.|
|532,430|605,578|
|532,430|605,578|



## 

||||At 1||At 30|
|---|---|---|---|---|---|
||||October||September|
||||2020|Cash flows|2021|
|||||E|E|
|Cash at bank and||in hand|605,578|(73,148)|532,430|
|Debt due within|1|year|(37,828)|(110,293)|(148,121)|
|Debt due after 1 year|||(1,508,187)|(99,649)|(1,607,836)|
|Finance leases|||(7,995)|7,380|(615)|
||||(948,432)|(275,710)|(1,224,142)|



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|payments|un|der non-cancellable<br>operating<br>lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Society|Society|
||||2021|2020|2021|2020|
||||E|E|||
|Not later than||1 year|13,880|13,880|13,880|13,880|
|Later than|1|year and not later than 5 years|26,661|40,421|26,661|40,421|
|Later than|5 years|||300||300|
||||40,541|54,601|40,541|54,601|



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