2020-12-31-accounts

				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Trustees' report				2-9
Independent auditor's	report	on the financial statements		10-13
Statement offinancial	activities			14
Balance sheet				15
Statement ofcash flows				16
Notes to the financial	statements			17-35

			Restricted	Unrestricted	Total		Total
			funds	funds	funds		funds
		Note	2020f	2020 6	2020		2019 6
Income from:
Donations and legacies			13,375	71,760	85,135		282,926
Charitable activities							445,726
Other trading activities				130,220	130,220		582,804
Investments				811	811		1,771
Total income			13,375	202,791	216,166		1,313,227
Expenditure on;
Raising funds				473	473		127,371
Charitable activities			20,390	389,706	410,096		1,200,408
Total expenditure			20,390	390,179	410,569		1,327,779
Net expenditure			(7,015)	(187,388)	(194,403)		(14,552)
Transfers between	funds	16	4,322	(4,322)
Net movement in	funds		(2,693)	(191,710)	(194,403)	'	(14,552)
Reconciliation of	funds:
Total funds brought	forward		11,994	1,543,061	1,555,055		1,569,607
Net movement in funds			(2,693)	(191,710)	(194,403)		(14,552)
Total funds carried forward			9,301	1,351,351	1,360,652		1,555,055

	FOR TH	E	YEAR ENDED 31 DECEMB	ER 2020
				2020	2019
				6	F
Cash flows from operating	activities
Net cash used in operating	activities			(119,265)	20,878
Cash flows from investing	activities
Dividends, interests and rents from investments				811	1,771
Purchase oftangible fixed assets				(3,286)	(6,476)
Disposal oftangible fixed assets				3,154
Net cash provided by/(used in) investing			activities	679	(4,705)
Cash flows from financing	activities
Repayments ofborrowing				(7,651)	(18,925)
New borrowing				50,000
Net cash provided by/(used in) financing			activities	42,349	(18,925)
Change in cash and cash	equivalents	in	the year	(76,237)	(2,752)
Cash and cash equivalents	at the beginning		ofthe year	250,668	253,420
Cash and cash equivalents	at the end	of	the year	174,431	250,668

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
		8	8	6
Trade stands		235	235	326,274
Electricity				780
Tables, chairs, water etc				1,298
Catering concession				65,000
Showground	hire	118,849	118,849	157,698
Social functions		229	229	5,825
Sundry income		10,907	10,907	25,929
Total 2020		130,220	130,220	582,804
Total 2019		582,804	582,804

	Unrestricted	Total	Total
	funds	funds	funds
	2020	2020	2019
	6	6	E
Deposit account interest	811	811	1,771
Total 2019	1,771	1,771

		Unrestricted	Total	Total
		funds	funds	funds
		2020f	2020 6	2019 6
Admissions	-Show			373,940
Entry fees -	Show			25,005
Car parking	- Show			27,504
Stable and penning - Show				13,601
Programmes	and catalogues - Show			5,676
Total 2020				445,726
Total 2019		445,726	445,726

	Unrestricted	Total	Total
	funds	funds	funds
	2020	2020	2019
	6	F	6
Trade stands			47,426
Social events	473	473	7,111
Support costs			13,203
Wages and salaries			55,180
Social security costs			3,200
Other pension costs			1,251
Total 2020	473	473	127,371
Total 2019	127,371	127,371

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
		6	8	8	6
Show		2,320	387,593	389,913	' 1,170,166
Education		18,070	2,113	20,183	30,242
Total 2020		20,390	389,706	410,096	1,200,408
Total 2019			1,200,408	1,200,408
Analysis ofexpenditure	by activities
		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2020	2020	2020	2019
			E	6	8
Show		111,650	278,263	389,913	1,170,166
Education		20,183		20,183	30,242
Total 2020		131,833	278,263	410,096	1,200,408
Total 2019		813,320	387,088	1,200,408

					Total	Total
					funds	funds
					2020	2019
					6	6
Wages and salaries					145,698	156,694
Showground	expenses				63,119	105,903
Management	and admin expenses				37,247	54,987
General support costs					24,949	61,804
Governance	costs				7,250	7,700
					278,263	387,088
Auditor's remuneration
					2020	2019
					6	F
Fees payable to the Company's		auditor		for the audit ofthe Company's
annualaccounts					5,550	6,000
Fees payable to the Company's		auditor		in respect of:
All non-audit	services not included		above		950	950

	2020 6	2019 f
Wages and salaries	181,396	198,522
Social security costs	8,605	12,801
Other pension costs	4,263	5,002
	194,264	216,325

2020	2019
No.	No.

2020	2019
No.	No.

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		2020 6	2019f
Trade debtors		48,820	65,074
VAT repayable			11,629
Other debtors		133	2,492
Prepayments	and accrued income	7,904	25,515
		56,857	104,710

						2020f	2019f
Bank overdrafts						2,818
Trade creditors						6,232	12,474
Other taxation and	social security					25,666	4,298
Other creditors						19,320	4,094
Accruals and deferred			income			85,743	121,736
Bankloans						25,000	24,419
						164,779	167,021
						2020 8	2019f
Deferred income at		1	January	2020		96,550	35,268
Resources deferred		during the year					96,550
Amounts released	/	refunded		from previous	periods	(33,350)	(35,268)
						63,200	96,550

		2020	2019
			2
Bank	loans	298,171	256,403

Statement offun	ds	- curren	t year
							Balance at
			Balance at 1				31
			January			Transfers	December
			2020 6	Income f	Expenditure 6	in/out 6	2020
Unrestricted funds
Designated funds
The Society Building			1,086,716		(23,472)		1,063,244
General funds
General funds - ell funds			456,345	202,791	(366,707)	(4,322)	288,107
Total Unrestricted		funds	1,543,061	202,791	(390,179)	(4,322)	1,351,351
Restricted funds
Educagon Fund				13,375	(18,070)	4,695
Capital Reserve Fund			3,362			(373)	2,989
Reach Fund			8,182		(2,320)		5,862
Other Restricted	Fund		450				450
			11,994	13,375	(20,390)	4,322	9,301
Total offunds			1,555,055	216,166	(410,569)		1,360,652

	Statement offun	ds	- prior y	ear
								Balance at
				Balance at				31
				1 January			Transfers	December
				2019	Income	Expenditure	in/out	2019
				8				8
	Unrestricted funds
	Designated funds
	The Society Building			1,110,188		(23,472)		1,086,716
	General funds
	General Funds -	all	funds	452,205	1,295,330	(1,291,563)	373	456,345
	Total Unrestricted		funds	1,562,393		(1,315,035)	373	1,543,061
	Restricted funds
	Education Fund			3,479	2,207	(5,686)
	Capital Reserve Fund			3,735			(373)	3,362
	Reach Fund				15,190	(7,008)		8,182
	Other Restricted	Fund			500	(50)		450
				7,214	17,897	(12,744)	(373)	11,994
'	Total offunds			1,569,607	17,897	(1,327,779)		1,555,055

Summary	offunds - current y	ear
						Balance at
		Balance at 1				31
		January			Transfers	December
		2020	Income	Expenditure	in/out	2020
		F	6	F.	6
Designated	funds	1,086,716		(23,4721		1,063,244
General funds		456,345	202,791	(366,707)	(4,322)	288,107
Restricted	funds	11,994	13,375	(20,390)	4,322	9,301
		1,555,055	216,166	(410,569)		1,360,652
Summary	offunds - prior year
						Balance at
		Balance at				31
		1 January			Transfers	December
		2019f	Income f	Expenditure f	in/out 5	2019 E
Designated	funds	1,110,188		(23,472)		1,086,716
General funds		452,205	1,295,330	(1,291,563)	373	456,345
Restricted	funds	7,214	17,897	(12,744)	(373)	11,994
		1,569,607	1,313,227	(1,327,779)		1,555,055

Analysis ofnet assets between funds Analysis ofnet assets between funds - current	period
	Restricted	Unrestricted	Total
	funds	funds	funds
	2020	2020	2020
	6	6	6
Tangible fixed assets	2,989	1,586,407	1,589,396
Fixed asset investments		100	100
Current assets	6,312	227,794	234,106
Creditors due within one year		(164,779)	(164,779)
Creditors due in more than one year		(298,171)	(298,171)
Total	9,301	1,351,351	1,360,652

Analysis ofnet assets between funds - prior pe	riod
	Restricted	Unrestricted	Total
	funds	funds	funds
	2019	2019	2019
		6	6
Tangible fixed assets	3,362	1,619,639	1,623,001
Fixed asset investments		100	100
Current assets	8,632	346,746	355,378
Creditors due within one year		(167,021)	(167,021)
Creditors due in more than one year		(256,403)	(256,403)
Ttl	11,994	1,543,061	1,555,055

19.	Reconciliation ofne	t m	ovem	ent in funds	to net cash flow	from operating	activities
							2020	2019
							E
	Net expenditure for the period			(as per Statement of Financial		Activities)	(194,403)	(14,552)
	Adjustments for:
	Depreciation charges						33,737	38,121
	Dividends, interests and rents			from investments			(811)	(1,771)
	Decrease/(increase)	in debtors					47,853	(48,675)
	Increase/(decrease)	in creditors					(5,641),	47,755
	Net cash provided by/(used			in) operating	activities		(119,265)	20,878
20.	Analysis ofcash and cash equivalents
							2020 6	2019f
	Cash in hand						174,431	250,668
	Total cash and cash equivalents						174,431	250,668
21.	Analysis ofchanges	in	net debt
						At 1		At 31
						January	December
						2020	Cash flows	2020
							F
	Cash at bank and in	hand				250,668	(73,419)	177,249
	Bank overdrafts repayable		on	demand			(2,818)	(2,818)
	Debt due within 1 year					(24,419)	(581)	(25,000)
	Debt due after 1 year					(256,403)	(41,768)	(298,171)
						(30,154)	(118,586)	(148,740)