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|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|
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||||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|
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||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|
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|||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||
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||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||
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|||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||
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||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||
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|||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||
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||||||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|
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||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|
|---|---|
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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|
##
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##
##
|||||||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|
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|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|
##
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||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|
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##
|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|
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|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|
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|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)|
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