#
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##
|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|Trustees and advisers|1-2|
|Trustees'
report||||3-17|
|Independent|auditors'
report|on the financial statements||18-20|
|Consolidated|statement offinancial activities|||21|
|Consolidated|balance sheet|||22|
|Company
balance sheet||||23|
|Consolidated|statement ofcash flows|||24|
|Notes tothe|financial statements|||25-49|
##
##
|Trustees|||M Curtis CMG, Deputy|M Curtis CMG, Deputy|Chairman&|Chairman&|Chairman&|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||J Drysdalet|||||||||||
||||Professor J|Freeman-Attwoods||||||||||
||||N P Higginst|||||||||||
||||C Ingramss|||||||||||
||||N King QChs|||||||||||
||||I F Mackinnonhz|||||||||||
||||Lady Marks,|Treasurer&||||||||||
||||D Suratgart|||||||||||
||||BJTaylor CBE DL, Chairman'|||||||||||
||||" Members|ofthe Garsington||Opera Finance and General Purposes||||||Committee||
||||s Members|ofthe Garsington||Opera Audit and|||Governance||Committee|||
||||Members|of the Garsington|||Opera|Artistic|Advisory|Committee||with|Douglas|
||||Boyd, Laura|Canning,|John Cox, Nicola|||Creed,|Brian Dickie, Sarah|||Playfair||
|Company|registered|||||||||||||
|number|||02567390|||||||||||
|Charity registered||||||||||||||
|number|||1003042|||||||||||
|Registered||office|The Old Garage|||||||||||
||||The Green|||||||||||
||||Great Milton|||||||||||
||||Oxon|||||||||||
||||OX44 7NP|||||||||||
|Company|secretary||Whittingham|Riddell Resources|||Ltd|||||||
||||Belmont House|||||||||||
||||Shrewsbury|Business|Park|||||||||
||||Shrews
bury|||||||||||
||||Shropshire|||||||||||
||||SY26LG|||||||||||
|Independent||auditors|WR Partners|||||||||||
||||Chartered
Accountants|||||||||||
||||Belmont House|||||||||||
||||Shrewsbury|Business|Park|||||||||
||||Shrews
bury|||||||||||
||||Shropshire|||||||||||
||||6Y26LG|||||||||||
##
|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|
|||||(CONTINUED)|
|||FOR THE YEAR ENDED 31OCTOBER 2020|||
|Bankers||National
Westminster||Bank PLC|
|||121 High Street|||
|||Oxford|||
|||OX14DD|||
|||CCLA|||
|||Senator House|||
|||85 Queen Victoria|Street||
|||London|||
|||EC4V4ET|||
|Investment|Managers|Sarasin
& Partners|LLP||
|||Juxton House|||
|||100St. Paul's Churchyard|||
|||London|||
|||EC4M SBU|||
|Advisory Council||The Hon. Mrs Susan||Baring OBEJP|
|||Dr Margaret
Bent CBEFBA|||
|||Dame Hilary Boulding||DBE|
|||Dominic Burke|||
|||Annette
Campbell|White||
|||Sir Stuart Hampson|||
|||Diana Hiddleston|||
|||Peter Maniura|||
|||Sir Curtis Price (retired June 2020)|||
|||Bernard Taylor CBE||DL, Chairman|
|President||Rosalind
Ingrams|||
|Executive|Director|Nicola Creed|||
|Artistic Director||Douglas Boyd|||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020|2020|2020|2019|
|||Note|6|6|||
|Income from:|||||||
|Donations
and legacies|||1,082,424|1,499,188|2,581,612|3,285,899|
|Charitable
activities||||141,418|141,418|2,657,258|
|Other trading
activities||||306,385|306,385|478,855|
|Investments||||70,127|70,127|71,576|
|Other income||||158,062|158,062|383,648|
|Total income|||1,082,424|2,175,180|3,257,604|6,888,246|
|Expenditure
on:|||||||
|Raising funds||9||525,206|525,206|655,666|
|Charitable
activities||10|756,453|1,741,531|2,497,984|5,680,853|
|Total expenditure|||756,453|2,266,737|3,023,190|6,336,519|
|Net gains on investments||||29,168|29,168|134,265|
|Net movement
in|funds||325,971|(62,389)|263,582|585,992|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||1,418,409|5,066,505|6,484,914|5,798,922|
|Net movement
in funds|||325,971|(62,389)|263,582|685,992|
|Total funds carried forward|||1,744,380|5,004,116|6,748,496|6,484, 914|
##
|||CONSOLIDATED|CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AS AT 31OCTOBER 2020||||
|||||2020||2019|
||||Note|5|||
|Fixed assets|||||||
|Tangible assets|||16|2,414,095||2,471,831|
|investments|||17|1,979,533||1,888,275|
|||||4,393,628||4,360,105|
|Current assets|||||||
|Stocks|||18|33,470|11,444||
|Debtors|||19|1,458,537|1,158,755||
|Cash at bank and|in hand|||3,040,983|1,926,710||
|||||4,532,980|3,095,909||
|Creditors: amounts|falling due within one|year|20|(2,178,122)|(972101)||
|Net current assets||||2,354,868||2 124,808|
|Total assets less current liabilities||||6,748,496||6,484,914|
|Total net assets||||6,748,496||6,484,914|
|Charity funds|||||||
|Restricted funds|||21|1,744,380||1,418,409|
|Unrestricted
funds|||21|5,004,116||5,066,505|
|Total funds||||6,748,496||6,484,914|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating
activities||||||
|Net cash used
in operating
activities|||23|1,624,389|1,545,00f|
|Cash flows from investing
activities||||||
|Purchase oftangible
fixed assets||||(348,026)|(144,487)|
|Proceeds from sale of investments|||||501,255|
|Purchase ofinvestments||||(62090)|(56f472)|
|Net cash used in investing
activities||||(410,116)|(204,704)|
|Change
in cash and cash equivalents|in the year|||1,114,273|1,340,297|
|Cash and cash equivalents
at the beginning|ofthe year|||1,926,710|585,413|
|Cash and cash equivalents
at the end ofthe year|||24|3,040,983|1,925,Tf0|
|The notes on pages 25to49form part ofthese financial||statements||||
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##
|l
value, o|ver their expecte|d useful lives on th|
|---|---|---|
|Wormsley|Assets|- 10Years|
|Garden||- 15Years|
|Production|buildings|- 15-50Years|
|Marquee||- 10Years|
|Opera Equipment||- 10Years|
|Walled Garden
Barn||- 15Years|
|Ofgce Equipment||- 5Years|
|Auditorium||- 10-15Years|
|Fixtures
&|Fittings|15Years|
##
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##
##
||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2020|2020|2020|2019|
||||||6|6|||
|Donations|||||||||
|General
Donations|including||Coronavirus|Support||482,196|482,196|1,039,935|
|Friends Donations||||||755,240|755,240|907,163|
|Arts Hub Donations|||||584,000||584,000||
|Subtotal|||||584,000|1,237,436|1,821,436|1,947,098|
|Trusts and Foundations||Donations|||162,254||162,254|251,800|
|Productions
Syndicate|||||336,170||336,170|624,802|
|Tax Recovery||||||261,687|261,687|394,485|
|Legacy Donations||||||65|65|58,714|
|Subtotal|||||498,424|261,752|760,176|1,339,801|
|Total 2020|||||1,082,424|1,499,188|2,581,812|3,286,899|
|Total 2019|||||876,602|2410,297|3,286,899||
##
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|Ticket income||95,030|95,030|2,218,269|
|Programme|& libretti sales|||75,384|
|Concessions||5,083|5,083|210,996|
|Sundry sales||41,305|41,305|160,207|
|Tour group sponsorship||||2412|
|Total 2020||141,418|141,418|2667,268|
|Total2019||2667,268|2,667,268||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
|Income from subsidiary|785|785|129,470|
|Sponsomhip|305,600|305,600|323,600|
|Advertising
& other income|||25,785|
|Total 2020|306,385|306,385|478,855|
|Total2019|478,855|478,855||
##
##
##
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
||6|F||
|Dividend
income|62,093|62,093|58,984|
|Bank interest|8,034|8,034|7,810|
|Gain/(loss)
on foreign exchange|||4,782|
|Total 2020|70,127|70,127|71,575|
|Total 2019|71,576|71,576||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020f|2020
6|2019
E|
|Theatre tax relief claim|158,062|158,062|383,648|
|Total 2020|158,062|158,062|383,648|
|Total 2019|383,648|383,648||
##
##
##
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
||6|||
|Fundraising
&press officer|6,161|6,161|10,839|
|Rent, rates and utilities|7,284|7,284|8,729|
|General
administration|12,460|12,460|18,918|
|Computer
supplies|24,999|24,999|22,949|
|Bank charges|9,770|9,770|13,359|
|Staff costs|220,178|220,178|211,531|
|National
insurance costs|24,048|24,048|24,484|
|Pension costs|3,275|3,275|2,895|
|Depreciation|781|781|589|
|Total 2020|308,956|308,956|314,293|
|Total 2019|314,293|314,293||
##
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020
6|2020f|2019|
|Expenditure|from subsidiary|8,889|8,889|104,68S|
|Fundraising|&press officer|32,569|32,569|58,965|
|Rent, rates and utilities||7,284|7,284|8,72S|
|General
administration||21,442|21,442|30,094|
|Hire of auditodum||4,222|4,222|6,703|
|Wages and|salaries|125,490|125,490|116,527|
|National
insurance costs||13,706|13,706|13,488|
|Pension costs||1,867|1,867|1,595|
|Depreciation||781|781|589|
|Total 2020||216,250|216,250|341,373|
|Total 2019||341,373|341,373||
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
|||6|E|K||
|Opera||1,752,991|478,757|2,231,748|5,328,814|
|Learning|& Participation|163,364|102,872|266,236|352039|
|Total 2020||1,916,355|581,629|2,497,984|5680853|
|Total2|019|5,080,519|600,334|5,680,853||
##
##
##
##
||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Opera|Education|funds|funds|
||||||2020|2020|2020|2019|
||||||6|6||5|
|Depreciation|||||403,156||403,156|387,084|
|Opera perfonnance||fees|||262,411||262,411|877,397|
|Production
teams|||||120,475||120,475|359,258|
|Orchestra fees|||||82,243||82,243|634,692|
|Costumes, sets,|props||||47,479||47,479|509,857|
|Stage &technical|staff||||224,650||224,650|574,962|
|Seasonal fees|||||19,165|124|19,309|88,720|
|Production
administration|||||77,013||77,013|97,208|
|Music hire & royalties|||||2,967||2,967|32,132|
|Other production|costs||||44,468||44,488|158,676|
|Site costs|||||123,085|220|123,305|243,835|
|Performance
refreshments|||||197||197|8,881|
|Irrecoverable
VAT|||||124,314||124,314|295,847|
|Transport|||||23,081||23,081|95,588|
|Photography|||||1,040||1,040|3,250|
|Seasonal
printing|-|programme|||13,400||13,400|33,504|
|Seasonal costs|||||18,260||18,260|34,109|
|Facility rent|||||70,916||70,916|281,593|
|Administration
expenses|||||165||165|3,285|
|Scenery barn rental|||||63,059||63,059|36,174|
|Health
&safety -|opera &||site||691||691|1,302|
|Other costs|||||2,124||2,124|15,067|
|Understudy
performance|||costs|||||3,086|
|Recording costs|||||26,612||28,612|90,423|
|Schools, education||and community||projects||163,020|163,020|214,828|
|Total 2020|||||1,752,991|163,364|1,916,355|5,080,519|
|Total 2019|||||4,829,050|251,489|5,080,519||
##
##
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Opera|Education|funds|funds|
|||||2020
6|2020f|2020
6|2019|
|Staff costs||||296,778|93,853|390,631|382,093|
|Depreciation||||651|130|781|589|
|Fundraising|&press officer|||22,879||22,879|38,574|
|Rent, rates &utilities||||6,070|1,214|7,284|8,726|
|Boxoffice system and computer|||supplies|24,103|890|24,993|22,953|
|Bank charges||||16,244|3,296|19,540|26,719|
|Insurance||||7,657|589|8,246|12,072|
|Printing,
postage 8 stationery||||1,597|319|1,916|4,435|
|Telephone 8|fax|||1,916|383|2,299|2501|
|General administration||||8,969|2,129|11,098|15,177|
|Bookkeeping|&accountancy|||343|69|412|1,090|
|Provision
for|doubtful|debts||(349)||(349)||
|Governance|costs (note 11)|||91,899||91,899|84,405|
|Total 2020||||478,757|102,872|581,629|600,334|
|Total 2019||||499,764|'l00,570|600,334||
##
##
##
|||||||||||2020|20'l9|
|---|---|---|---|---|---|---|---|---|---|---|---|
||Auditors'
remuneration|||||||||14,065|13,780|
||Other costs|||||||||6,196|10,785|
||I egal &professional||fees|||||||12,469|5,100|
||Accountancy|fees||||||||137|363|
||Wages &salaries|||||||||56,772|53,200|
||Depreciation|||||||||260|198|
|||||||||||91,699|84,405|
|12.|Net incomel(expenditure)|||||||||||
||Net income/(expenditure)||||for|the year includes:||||||
|||||||||||2020|2019|
|||||||||||5||
||Operating
lease rentals|||||||||63,416|281,593|
||Depreciation|oftangible||fixed|assets|||||405,762|389,052|
||Fees paid to|auditors|for:|||||||||
||-audit|||||||||11,770|11,530|
||-other services|||||||||2,295|2,250|
|||||||||||503,243|684,425|
|13.|Auditors'
remuneration|||||||||||
|||||||||||2020|2019|
|||||||||||5|5|
||Fees payable
accounts|to the Company's||||auditor||for the audit ofthe Group's|annual|11,770|11,530|
||Fees payable|to the Company's||||auditor||in respect of:||||
||All non-audit|services|not included||||above|||2,295|2250|
##
##
##
|Staffcosts|||||
|---|---|---|---|---|
||Group|Group|Company|Company|
||2020|2019|2020|2019f|
|Wages and salaries|743,681|713,464|743,681|713,464|
|Social security costs|81,224|82,583|81,224|82,583|
|Pension costs|11,062|9,766|11,062|9,766|
||836,967|805,813|836,967|805,813|
||Group|Group|
|---|---|---|
||2020|2019|
||No.|No.|
|Employees|13|13|
##
##
##
||||Protlucgott||Wonnaley||Walled|Opera|Office|Other Fixed||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||Auditorium|Bugdlngs|Marquess|Assets|Garden|Garden Bam|Equipment|Equipment|Assets|Total|
|||6|2||6|2|2|2|2|E||
|Cost or valuation||||||||||||
|At I November|2D19|4r43IL047|1$9,0D2|267,388|20,057|49,400|10,867|216,764|58,700|41,264|0,231,966|
|Additions||87,00D|267,164|||||17,S95|6,177||348,026|
|At 31 October|2D20|4,605,947|396,750|2S7,388|20,067|49,406|10,867|233v449|64,877|41,264|5,579,991|
|Depmclctloh||||||||||||
|At I November|2019|2,294,639|76,232|157,588|ttdt22|29,666|6,614|109,187|5$,632|EIAMS|2,760,134|
|Charge for the|year|329,764|10,629|26,730|2,000|3,307|724|27,176|2,008|3,913|406,762|
|AI31 October2020||2,624,403|86,701|183,327|13,428|32,S72|7,238|136,362|66,137|26,$68|3,165,S96|
|Net book value||||||||||||
|At 31 Odober2020||1,081,044|309,995|74,061|6,629|16,634|3,619|97,087|8,740|16,886|2,414,095|
|At 3f Ocfober20f9||2,f44,306|63,370|99,800|S,635|19,84f|4,343|106,567|5,168|10,790|2,471,831|
##
##
##
##
||Listed|
|---|---|
||investments|
|Group|K|
|Cost or valuation||
|At 1 November 2019|1,888,275|
|Additions|62,090|
|Revaluations|29,168|
|At 31October 2020|1,979,533|
##
##
##
##
##
##
||||||||Investments|||
|---|---|---|---|---|---|---|---|---|---|
||||||||In|||
||||||||subsidiary|Listed||
||||||||companies|investments|Total|
|Company|||||||E|E|E|
|Cost or valuation||||||||||
|At 1 November||2019|||||20|1,888,275|1,888,295|
|Additions|||||||15,000|62,090|77,090|
|Revaluations||||||||29,168|29,168|
|At 31October 2020|||||||15,020|1,979,533|1,994,553|
|Principal subsidiaries||||||||||
|The following||were subsidiary||undertakings||ofthe Company:||||
|Names||||||||Company|Holding|
|||||||||number||
|Garsington|Opera Enterpdses||Ltd|||||06511222|100%|
|Garsington|Opera Productions|||Ltd||||09341623|100%|
|The financial||results ofthe subsidiaries|||for|the year were:||||
|||||||Income|Expenditure|Profit/(Loss)|Net Assetsl|
|||||||F|E|ISurplus/|(Liabilities)|
|||||||||(Deficit) for||
|||||||||the year||
|||||||||E||
|Garsington|Opera Enterprises|||Ltd||785|(12,640)|(11,855)|(11,845)|
|Garsington|Opera Productions|||Ltd||839,704|(999,871)|(2,105)|1,370|
##
##
|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||6|5|
|Finished|goods|and|goods|for|resale|33,470|11,444|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020|2019|2020|2019|
|||6||||
|Due after more than one year||||||
|Prepayments|and accrued income|584,080|333,942|584,080|333,942|
|||584,080|333,942|584,080|333,942|
|Due within|one year|||||
|Trade debtors||55,144|199,270|66,773|208,889|
|Amounts
owed by group undertakings||||200,029|391,645|
|Other debtors||261,386|384,916|103,259|1,268|
|Prepayrnents|and accrued income|557,927|240,627|557,927|240,627|
|||1,458,537|1,158,755|1,512,068|1,176371|
##
##
##
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2020
6|2019f|2020f|2019f|
|Trade creditors||||291,322|ff4,444|290,169|110,003|
|Amounts|owed to group undertakings||||||f0|
|Other taxation and||social security||7,240|143,076|7,239|144,402|
|Other creditors||||631,483|7,680|631,483|7,680|
|Accruals||||94,224|275,975|88,529|270,471|
|Deferred|income|||1,153,853|430,926|1,153,853|430,926|
|||||2,178,122|972,10f|2,171,273|953,492|
|||||Group|Group|Company|Company|
|||||2020|2019f|2020|2019f|
|Deferred|income at t November||2019|430,926|299,345|430,926|299,345|
|Resources deferred||during the year||1,153,853|430,926|1,153,853|430,926|
|Amounts|released|from previous|periods|f430,926)|(299,345)|(430,926)|(299,345)|
|||||1,153,853|430,926|1,153,853|430,92S|
##
##
|21.|Statement offunds|||||||||
|---|---|---|---|---|---|---|---|---|---|
||Statement offunds|-|current|year||||||
|||||Balance at 1|||||Balance at|
|||||November||||Gains/|31October|
|||||2019
6|Income
5|Expenditure|f|(Losses)
6|2020
6|
||Unrestricted
funds|||||||||
||Designated
funds|||||||||
||Auditorium
and infrastructure|||2,400,000|||||2,400,000|
||Creative and Strategic
Development|||1,606,750|||||1,606,750|
|||||4,006,750|||||4,006,750|
||General funds|||||||||
||General funds|||1,059,755|2,175,180|(2,266,737)||29,168|997,366|
||Total Unrestricted|funds||5,066,505|2,175,180|(2,266,737)||29,168|5,004,116|
||Restricted funds|||||||||
||Auditorium
Appeal fund|||1,418,409||(258,029)|||1,160,380|
||Learning
and Participation||fund||162,254|(162,254)||||
||Opera Production||||336,170|(336,170)||||
||Arts Hub Appeal fund||||584,000||||584,000|
|||||1,418,409|1,082,424|(756,453)|||1,744,380|
||Total offunds|||6,484,914|3,257,604|(3,023,190)||29,168|6,748,496|
##
##
|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
||Balance at|||||Balance at|
||1November|||Transfers|Gains/|31October|
||2018|income|Expenditure|inrout|(Losses)|2019|
|||E|5|L'|||
|Designated|||||||
|funds|||||||
|Auditorium
and|||||||
|Infrastructure|2,400,000|||||2400,000|
|Creative and|||||||
|Strategic
Development|872485|||734,265||1,606,750|
||3,272,485|||734,265||4,006,750|
|General funds|||||||
|General Funds-|||||||
|all funds|850,000|6,011,644|(5,201,889)|(734,265)|134,265|1,059,755|
|Total|||||||
|Unrestricted|||||||
|funds|4,122,485|6,011,644|(5,201,889)||134265|506S505|
|Restricted|||||||
|funds|||||||
|Auditorium
Appeal
fund|1,676,437||(258,028)|||1,418,409|
|Learning
and
Participation
fund||251,800|(251,800)||||
|Opera Production||624,802|(624,802)||||
||1,676,437|876,602|(1,134,630)|||1,418,409|
|Total offunds|5,798,922|6,888,246|(6,33S,519)||134,265|6,484,914|
##
##
##
##
##
##
##
##
##
##
##
|Analysis of net assets between funds - prior p|eriod|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2019
f|2019|2019
5|
|Tangible fixed assets|1,418,409|1,053,422|2,471,831|
|Fixed asset investments||1,888,275|1,888,275|
|Debtors due after more than one year||333,942|333,942|
|Current assets||2,762,967|2,752,957|
|Creditors due within one year||(972,101)|(972,101)|
||1,418,409|5,066,505|5,484,914|
##
|Reconciliation
of|net movement|in funds|to net cash flow from opera|ting
activities||
|---|---|---|---|---|---|
|||||Group|Group|
|||||2020|2019|
|||||6|6|
|Net income for the|period (as per|Statement|of Financial Activities)|263,582|685,992|
|Adjustments
for:||||||
|Depreciation
charges||||405,762|389,052|
|Gains on investments||||(29,168)|(134,255)|
|Increase
in stocks||||(22,026)|(6,113)|
|(Increase)
/ decrease|in debtors|||(299,782)|472345|
|Increase
in creditors||||1,206,021|137,990|
|Net cash provided|by operating|activities||1,524,389|1,545,001|
##
##
##
##
|At 1||At 31|
|---|---|---|
|November||October|
|2019|Cash flows|2020|
|6|6|6|
|1,926,710|1,114,273|3,040,983|
|1,926,710|1,114,273|3,040,983|
##
##
##
|Operating
lease commitments|Operating
lease commitments||||||
|---|---|---|---|---|---|---|
|At 31 October 2020 the Group||and the|Company
had
commitments
to||make
future
minimum
lease||
|payments|under non-cancellable|operating|leases as follows:||||
||||Group|Group|Company|Company|
||||2020f|2019f|2020f|2019f|
|Nct later than
1 year|||207,418|190,534|207,418|190,534|
|Later than|1 year snd not later than|5years|791,213|705,452|791,213|705,452|
|Later than|5years||1,929,980|352 726|1,929,980|352,726|
||||2,928,611|1,248,712|2,928,611|1,248,712|
##
##
##