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|||||Page|
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|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees'
report||||2-7|
|Independent
auditor's|report|on the financial statements||8-11|
|Statement offinancial|activities|||12|
|Balance sheet||||13|
|Statement ofcash flows||||14|
|Notes to the financial|statements|||15-31|
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
||Note|2021
f|2021
6|2021
E|2020
6|
|Income from:||||||
|Donations
and legacies||18,985|55,661|74,646|85,135|
|Charitable
activities|||2,951|2,951||
|Other trading
activities|||266,106|266,106|130,220|
|Investments|||189|189|811|
|Total income||18,985|324,907|343,892|216,166|
|Expenditure
on:||||||
|Raising funds|7||1,053|1,053|473|
|Charitable
activities|8|39,596|206,651|246,247|410,096|
|Total expenditure||39,596|207,704|247,300|410,569|
|Net income I(expenditure)||(20,611)|117,203|96,592|(194,403)|
|Transfers between funds|16|20,135|(20,135)|||
|Net movement
in funds||(476)|97,068|96,592|(194,403)|
|Reconciliation
offunds:||||||
|Total funds brought
forward||9,301|1,351,351|1,360,652|1,555,055|
|Net movement
in funds||(476)|97,068|96,592|(194,403)|
|Total funds carried forward||8,825|1,448,419|1,457,244|1,360,652|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||6|F|
|Cash flows from operating|activities|||||
|Net cash used
in operating
activities||||52,386|(119,265)|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||189|811|
|Purchase oftangible
fixed assets||||(4,710)|(3,286)|
|Disposal oftangible
fixed assets|||||3,154|
|Net cash (used in)/provided|by investing||activities|(4,521 )|679|
|Cash flows from financing|activities|||||
|Repayments
ofborrowing||||(5,263)|(7,651)|
|New borrowing|||||50,000|
|Net cash (used in)/provided|by financing||activities|(5,263)|42,349|
|Change
in cash and cash|equivalents|in|the year|42,602|(76,237)|
|Cash and cash equivalents|at the beginning||ofthe year|174,431|250,668|
|Cash and cash equivalents|at the end|of|the year|217,033|174,431|
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||6|F|5|6|
|Sponsorship||||2,871|2,871||
|Donations|||15,413|3,090|18,503|19,942|
|Grants||||49,700|49,700|43,942|
|GIR aid|||3,572||3,572|155|
|Annual|subscriptions|and guest badges||||21,096|
|Total 2021|||18,985|55,661|74,646|85,135|
|Total 2020|||13,375|71,760|85,135||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
||||6|6|
|Trade stands||300|300|235|
|Showground|hire|255,202|255,202|118,849|
|Social functions||1,017|1,017|229|
|Sundry income||9,587|9,587|10,907|
|Total 2021||266,106|266,106|130,220|
|Total 2020||130,220|130,220||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021
E|2021
5|2020f|
|Deposit account interest|189|189|811|
|Total 2020|811|811||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||5|E|E|
|Social events|1,053|1,053|473|
|Total 2020|473|473||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||6||6|6|
|Showground|17,963|206,651|224,614|389,913|
|Education|21,633||21,633|20,183|
|Total 2021|39,596|206,651|246,247|410,096|
|Total 2020|20,390|389,706|410,096||
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||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2021
6|2021
6|2021
6|2020f|
|Showground|35,544|189,070|224,614|389,913|
|Education|21,633||21,633|20,183|
|Total 2021|57,177|189,070|246,247|410,096|
|Total 2020|131,833|278,263|410,096||
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
||||||6|6|
|Wages and salaries|||||50,254|145,698|
|Depreciation|||||36,714|33,737|
|Showground|expenses||||26,623|29,382|
|Management|and admin expenses||||53,129|37,247|
|General support costs|||||14,350|24,949|
|Governance|costs||||8,000|7,250|
||||||189,070|278,263|
|Auditor's
remuneration|||||||
||||||2021
6|2020f|
|Fees payable|to the Company's|auditor||for the audit ofthe Company's|||
|annual accounts|||||6,900|5,550|
|Fees payable|to the Company's|auditor||in respect of:|||
|All non-audit|services not included||above||1,100|950|
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|Staff c|osts|||
|---|---|---|---|
|||2021|2020|
|||6|F|
|Wages|and salaries|63,784|181,396|
|Social|security costs|1,012|8,605|
|Other|pension costs|2,210|4,263|
|||67,006|194,264|
|2021|2020|
|---|---|
|No.|No.|
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|||||Office||Other||
|---|---|---|---|---|---|---|---|
||Freehold|Showground||furnishings|Office|fixed||
||property
8|buildings
6|Machinery
6|8 equipment
8|premises
E|assets
5|Total
E|
|Cost or||||||||
|valuation||||||||
|At 1 January
2021|472,882|1,868,715|112,297|73,242|79,178|100|2,606,414|
|Additions||4,710|||||4,710|
|Disposals||||(30,295)|-|-|(30,295)|
|At 31 December||||||||
|2021|472,882|1,873,425|112,297|42,947|79,178|100|2,580,829|
|Depreciation||||||||
|At 1 January
2021||773,184|101,114|69,400|73,320|-|1,017,018|
|Charge for the
year||30,780|2,796|2,578|560|-|36,714|
|On disposals||||(30,295)|-|-|(30,295)|
|At 31 December||||||||
|2021||803,964|103,910|41,683|73,880|-|1,023,437|
|Net book value||||||||
|At 31 December||||||||
|2021|472,882|1,069,461|8,387|1,264|5,298|100|1,557,392|
|At 31 December||||||||
|2020|472,882|1,095,531|11,183|3,842|5.858|100|1,589,396|
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|||2021|2020|
|---|---|---|---|
|||6|6|
|Trade debtors||31,145|48,821|
|Other debtors||63|132|
|Prepayments|and accrued income|10,092|7,904|
|||41,300|56,857|
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|Creditors: Am|ount|s|falling d|ue within on|e year|||
|---|---|---|---|---|---|---|---|
|||||||2021f|2020
6|
|Bank overdrafts||||||2,481|2,818|
|Trade creditors||||||15,552|6,232|
|Other taxation|and|social security||||4,920|25,666|
|Other creditors||||||1,676|19,320|
|Accruals and deferred|||income|||18,525|85,743|
|Bank loans||||||33333|25,000|
|||||||76,487|164,779|
|||||||2021|2020|
|||||||6|6|
|Deferred income at 1|||January|2021||63,200|96,550|
|Resources deferred||during the year||||11,249||
|Amounts
released||/ refunded||from previous|periods|(63,200)|(33,350)|
|||||||11,249|63,200|
##
|Credi|tors: Amounts
falling due after more t|han one year||
|---|---|---|---|
|||2021|2020|
||||6|
|Bank|loans|284,575|298,171|
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1||||31|
||||January|||Transfers|December|
||||2021f|Income
6|Expenditure
6|in/outf|2021
6|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|The Society Building|||1,063,244||(23,472)||1,039,772|
|General funds||||||||
|General funds - a8 funds|||288,107|324,907|(184,232)|(20,135)|408,647|
|Total Unrestricted||funds|1,351,351|324,907|(207,704)|(20,135)|1,448,419|
|Restricted funds||||||||
|Capital reserve|fund||2,989|||(373)|2,616|
|Reach fund|||5,862||(103)||5,759|
|Other restricted|fund||450||||450|
|Education
fund||||1,125|(21,633)|20,508||
|Strategic fund||||17,860|(17,860)|||
||||9,301|18,985|(39,596)|20,135|8,825|
|Total offunds|||1,360,652|343,892|(247,300)||1,457,244|
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|Statement off|unds|- prior ye|ar|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1 January|||Transfers|December|
||||2020|Income|Expenditure|in/out|2020|
||||6||8|6|6|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|The Society Building|||1,086,716||(23,472)||1,063,244|
|General funds||||||||
|General funds - all 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||||||||
|Education
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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|Summary|offunds - current ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||31|
|||January|||Transfers|December|
|||2021|Income|Expenditure|in/out|2021|
|||E|6|F|E|F|
|Designated|funds|1,063,244||(23,472)||1,039,772|
|General funds||288,107|324,907|(184,232)|(20,135)|408,647|
|Restricted|funds|9,301|18,985|(39,596)|20,135|8,825|
|||1,360,652|343,892|(247,300)||1,457,244|
|Summary|offunds - prior year||||||
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Transfers|December|
|||2020
5|Income
6|Expenditure
F|in/out
5|2020f|
|Designated|funds|1,086,716||(23,472)||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|
##
|Analysis ofnet assets between funds
Analysis ofnet assets between funds - current|year|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2021|2021|2021|
||5|5|6|
|Tangible fixed assets|2,616|1,554,776|1,557,392|
|Fixed asset investments||100|100|
|Current assets|6,209|254,605|260,814|
|Creditors due within one year||(76,487)|(76,487)|
|Creditors due in more than one year||(284,575)|(284,575)|
|Total|8,825|1,448,419|1,457,244|
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||Analysis||ofn|et asse|ts|betwe|en|funds|- prior ye|ar||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Restricted|Unrestricted|Total|
||||||||||||funds|funds|funds|
||||||||||||2020|2020|2020|
||||||||||||6|F|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|
|19.|Reconciliation|||ofnet||movement||in funds to net||cash flow|from operating|activities||
|||||||||||||2021|2020|
|||||||||||||6||
||Net
income/expenditure|||||for|the|year|(as per|Statement|of Financial|||
||Activities)|||||||||||96,592|(194,403)|
||Adjustments|||for:||||||||||
||Depreciation
charges|||||||||||36,714|33,737|
||Dividends,||interests||and rents||from investments|||||(189)|(811)|
||Decrease||in debtors|||||||||15,558|47,853|
||Decrease||in creditors|||||||||(96,288)|(5,641)|
||Net cash||provided||by/(used||in) operating
activities|||||52,387|(119,265)|
|20.|Analysis||ofcash and|||cash equivalents||||||||
|||||||||||||2021|2020|
|||||||||||||F|6|
||Cash in hand|||||||||||217,033|174,431|
||Total cash and cash|||||equivalents||||||217,033|174,431|
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|||||At 1||At 31|
|---|---|---|---|---|---|---|
|||||January||December|
|||||2021|Cash flows|2021|
|||||5|E|F|
|Cash|at bank and in hand|||177,249|42,265|219,514|
|Bank|overdraRs|repayable|on demand|(2,818)|337|(2,481)|
|Debt|due within|1 year||(25,000)|(8,333)|(33,333)|
|Debt|due after 1 year|||(298,171)|13,596|(284,575)|
|||||(148,740)|47,865|(100,875)|
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|non-ca|nc|e8able
operating
leases as follows:|||
|---|---|---|---|---|
||||2021|2020|
||||8|5|
|Within|1|year|3,749|9,707|
|Bteween||2 - 5years|3,383|19,047|
||||7,132|28,754|
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