2020-10-31-accounts

Registered	office	The Showground	The Showground	The Showground
		New Park
		Brockenhurst
		Hampshire
		SO42 7QH
Independent	Examiners	Fiander Tovell		Limited
		Stag Gates	House
		63/64 The Avenue
		Southampton
		Hampshire
		SO17 1XS
Bankers		Lloyds
		39 High Street
		Lymington
		Hampshire
		9041 9ZF
Solicitors		Blake Morgan		LLP
		New Kings	Court
		Tollgate
		Chandlers	Ford
		Eastieigh
		Hampshire
		90533LG
		Heppenstalls
		Lymington	Office
		75 High Street
		Lymington
		SO41 9YY
Investment	advisors	Sanlam
		Solent House
		Cannon Street
		Lymington
		Hampshire
		SO41 9BR

						Unrestricted	Restricted	Total	Total
						funds	funds	2020	2019
					Notes
Income nd endowments			fr m:
Donations and legacies						12,141	2,237	14,378	6,923
Charitable activities						50,948		50,948	1,752,006
Other trading activities						480,200		480,200	389,952
Investments						90,164		90,164	89,747
Total Income and endowments						633,453	2,237	635,690	2,238,628
di
Expenditure on raising	funds from:
Other trading activities:
Direct costs					4	293,940		293,940	294,360
Property costs									2,046
						293,940		293,940	296,406
Net incoming resources		available				339,513	2,237	341,750	1,942,222
Charitable activities					7	496,572	500	497,072	1,783,549
Other resources expended
Corporation tax					12
Total resources expended						790,512	500	791,012	2,079,955
Other recognised gains		and losses
Realised gains/(losses)	on		investmsnt	assets		(3,689)		(3,689)	(135)
Net income/(expenditure)			for the year/
Net incoming/(outgoing)			resources			(160,748)	1,737	(159,011)	158,538
Other recognised gains		and losses
Unrealised gains/(losses)		on investment		assets		165		165	201,313
Net movement in funds						(160,583)	1,737	(158,846)	359,851
Fund balances at 1 November 2019						2,009,643	71,300	2,080,943	1,721,092
Fund balances at 31 October 2020						1,849,060	73,037	1,922,097	2,080,943

											Group	Group	Group		Charity	Charity
											2020		2019		2020	2019
								Notes							6	6
Fixed assets
Tangible assets									13		530,064		593,005		152,548	171,239
Investments									14	1,337,890			1,336,334		1,337,990	1,336,434
										1,867,954			1,929,339		1,490,538	1,507,673
Current assets
Stocks									15				4,000			4,000
Debtors									16		22,448		64,249		461,833	477,652
Cash at bank	and in		hand								663,696		200,979		348,891	91,539
											686,144		269,228		810,724	573,191
Creditors: amounts			falling due within
one year									17		(268,365)		(117,624)		(257,811)	(107,360)
Net current	assets										417,779		151,604		552,913	465,831
Total assets	less current				liabilities					2,285,733			2,080,943		2,043,451	1,973,504
Creditors: amounts			falling due after
one year									18		(363,636)				(363,636)
Net assets										1,922,097			2,080,943		1,679,815	1,973,504
Income funds
Restricted funds									21		73,037		71,300		73,037	71,300
Unrestricted	funds									1,849,060			2,009,643		1,606,778	1,902,204
										1,922,097			2,080,943		1,679,815	1,973,504
The company	is	entitled to			the exemption		from the audit requirement					contained in		Section 477 ofthe
Companies Act		2006, for		the year ended			31	October 2020. No member					ofthe company has deposited a
notice, pursuant		to section			476, requiring		an	audit ofthese			financial statements.
The trustees	acknowledge				their responsibility			for	complying		with the	requirements		of	the Companies	Act 2006
with respect	to accounting				records and	the preparation				of	accounts.
These financial		statements			have been		prepared		in accordance with			the provisions			applicable to	companies
subject to the small			companies regime			within		Part 15		ofthe Companies			Act 2006.
The financial	statements			were approved			by the board			on .	. .28 July 2021.....

						2020		2019
						6	6	6
Cashflows from operating	activities:
Net cash provided by/(used	in) operating		activities				(6,434)		115,251
Cashf lowe from investing	activities:
Dividends, interest and rent	from investments					90,164		89,747
Proceeds from sale of property, plant and			equipment			9,391
Purchase of property, plant and equipment						(21,229)		(153,528)
Proceeds from sale of investments						133,272		111,515
Purchase of investments					(138,352)			(130,345)
Net cash provided by/(used	in) investing	activities					73,246		(82,611)
Cashflows from financing	activities:
Receipts from new loans						306,800
Repayment of loans								(24,761)
Net cash provided by/(used	in) investing	activities					306,800		(24,761)
Change in cash and cash	equivalents						373,612		7,879
Cash and cash equivalents	at the beginning			ofthe	reporting		200,979		193,100
period
6 h d h qt I I	th	d	fth	9dfqp		id	663,696		200,979
Reconciliation of net income/(expenditure)			to	net cash	flow	from operating	activities
Net income/(expenditure) for the reporting			period			(159,011)			158,538
Adjustments for.
Depreciation charges							77,316		85,160
Gains/(losses) on investment	assets						3,689		135
(Profit)/loss on disposal							(2,537)		868
Interest income							(90,164)		(89,747)
(Increase)/decrease in stock							4,000		(1,525)
(Increase)/decrease in debtors							41,801		42,454
Increase/(decrease) in creditors							118,472		(80,632)
Net cash provided by operating activities							46,4343		115,251

Voluntary Income
	2020	2019
	E	E.
Donations	14,378	6,923

Activities for generating funds
		2020	2019
		E	E
Incoming resources		480,200	389,952
Direct costs		(293,940)	(294,360)
Net income from activities for generating	funds	186,260	95,592

Investm	ent income
			2020	2019
			E	E
Rental	income		78,540	81,576
Interest	and dividends	receivable	11,624	8,171
			90,164	89,747

Incoming resources from	charitable activities
		2020	2019
		E	E
Show income		50,948	1,752,006
Show costs		(497,072)	(1,783,549)
Net income from charitable	activities	is 6,12 i	isi.t ti

Total resources expended
		Notes	2020f	2019
Other trading activities:
Direct costs			293,940	294,360
Property costs				2,046
Charitable activities
Show costs			497,072	1,783,549
Other costs - corporation	tax
			791,012	2,079,955

							2020	2019
							6	f
Auditors'	remuneration		for audit	services				13,185
Independent		examiner/Auditors'		remuneration	for non-audit	services	2,823	6,632
Investment		management	fees				2,405	2,521
							5,228	22,338

During the year income trustees	was received in t	he normal course of business	from businesses contro	lled by
			2020	2019
Trustee	Business		F	E
Mrs A M Jennings	Heppenstalls	Solicitors		1,694
M Stewart	Stewarts Garden Centres			35,445
M Smales	Hunt Forest	Group

Number ofe The average	mployees number ofemployees during the year was:
		2020	2019
		Number	Number
Management	and administration	9	9
Part time
Full time
		9	9
Full time equivalents		6s	6

10	Employees (Continued) Employment costs
											2020	2019
											6	6
	Wages and salanes										315,369	313,801
	Social security costs										25,239	25,134
	Other pension costs										24,813	19,098
											365,421	358,033
	There were no employees		with emoluments			exceeding 860,000(2019				660,000)
11	Remuneration of key management				personnel
											2020	2019f
	The remuneration ofkey		management		personnel		is as follows:				57,172	54,038
12	Taxation
											2020	2019
											6
	UK Corporation tax
	Corporation tax relates	to tax		payable	on the profits ofthe			trading	subsidiary.
	Factors affecting the tax (credit)/charge					for the year
	Profit/(loss) of subsidiary		undertaking		on ordinary		activities	before	taxation		153,771	47,896
	Profit/(loss) on ordinary	activities before taxation					multiplied	by standard		rate of	29,216	9,100
	UK corporation tax of 19%(2019 - 19%)
	Effects of:
	Change in unrecognised		deferred tax								4,900	(8,285)
	Depreciation on assets	not qualifying			for tax allowances						3,176	3,756
	Permanent timing differences
	Other differences										1	(975)
	Gift Aid transfer to parent										(37,293)	(3,596)
											(29,216)	(9,100)
	Current tax (credit)/charge			for the	period

Tangible fixed assets
Group		Leasehold
	Showground	improve-	Show	Office
	and office	ments	equipment	equipment	Tractors	Total
	E	E	E	E	E	E
Cost
At 1 November 2019	561,972	511,296	346,539	55,281	18,500	1,493,588
Additions	14,187			7,042	—	21,229
Disposals		(8,064)	(4,255)			(12,319)
At 31 October 2020	576,159	503,232	342,284	62,323	18,500	1,502,498
Depreciation
At 1 November 2019	412,115	166,879	258,303	55,286	8,000	900,583
On disposals		(1,210)	(4,255)	-	-	(5,465)
Charge for year	27,579	24,972	18,941	2,324	3,500	77,316
At 31 October 2020	439,694	190,641	272,989	57,610	11,500	972,434
Net book Value
At 31 October 2020	136,465	312,591	69,295	4,713	7,000	530,064
41319 1 3 2919	149837	344,417	88.233	(5)	10,500	593,005

Tangible fixed	assets	(continued)
Charity			Leasehold
		Showground	improve-	Show	Office
		and office	ments	equipment	equipment	Tractors	Total
		E	6	E	E		E
Cost
At 1 November	2019	561,972		224,901	55,281	5,500	847,654
Additions		14,187			7,042		21,229
Disposals				(4,255)			(4,255)
At 31 October 2020		576,159		220,646	62,323	5,500	864,628
Depreciation
At 1 November	2019	412,115		204,264	55,286	4,750	676,415
On disposals				(4,255)			(4,255)
Charge for year		27,579		9,767	2,324	250	39,920
At 31 October 2020		439,694		209,776	57,610	5,000	712,080
Net book Value
At 31 October 2020		136,465		10,870	4,713	500	152,548
At 31 October 2019		149,857		20,637	(5)	750	171,239

Fixed a	sset investments
		Investment	Quoted
		Property	investments	Total
		E	E
Market	Value at 1 November 2019	1,028,000	308,334	1,336,334
Acquisitions at cost			138,352	138,352
Disposals in year			(136,961)	(136,961)
Change	in value for the year		165	165
Market	value at 31 October 2020	1,028,000	309,890	1,337,890
Historic	cost:
At 31 October 2020		1,024,125	295,187	1,319,312
At 31 October 2019		1,024,125	292,287	1,316,412

Stock
	Group		Charity
	2020	2019	2020	2019
	F		E	E
Stock		4,000		4,000

Debtors
		Group		Charity
		2020	2019	2020	2019
		E	E	E	E
Trade debtors		11,014	38,508	11,013	38,160
Amounts owed by group undertakings				442,820	416,201
Prepayments	and accrued income	8,000	23,291	8,000	23,291
Other debtors		3,434	2,450
		22,448	64,249	461,833	477,652

			Group		Charity
			2020	2019	2020	2019
			E	E	E
Loans			32,269		32,269
Trade creditors			52,974	78,917	43,277	71,323
Taxes and	social security costs		6,953	5,433	7,205	5,433
Corporation	tax
Other creditors			2,831	2,203	4,222	2,203
Accruals and deferred		income	173,338	31,071	170,838	28,401
			268,365	117,624	257,811	107,360

rate and the loan is repayable over	6years.
Deferred income:
At 1 November 2019	12,822	81,768	12,822	29,217
Income deferred	161,772	12,822	161,772	12,822
Transfers to income	(12,822)	(81,768)	(12,822)	(29,217)
	161,772	12,822	161,772	12,822

					Group and	charity
					2020	2019
						f.
Loans					274,531
Other creditors
					274,531
Analysis of loans
Not wholly repayable		within		five years by instalments:
Loans					306,800
					306,800
Included within	current		liabilities		(32,269)
					274,531
Loan maturity	analysis
Debt due in one year		or less			32,269
In 2-5 years					274,531
In more than 5	years				72,727
					306,800

				Balance			Balance
				at1	Movement	in funds	at 31
				November	incoming	Resources	October
			Notes	2019 E	resources	expended E	2020f
Mill	Building	Fund		60,000			60,000
Sam	and Florence Bailey Bursary fund			11,300	2,237	(500)	13,037
				71,300	2,237	(500)	73,037

Analysis o	f net a	ssets between funds
				Unrestricted	Restricted
				funds	funds	Total
					E	E
Fund balances at		31 October 2020 are represented	by:
Tangible fixed assets				530,064		530,064
Investments				1,277,890	60,000	1,337,890
Current assets				673,107	13,037	686,144
Creditors;	amounts	falling due within one year		(268,365)		(268,365)
Creditors'	amounts	falling due after more than one	year	(347,258)		(347,258)
				1,865,438	73,037	1,938,475

under no	n-cancell	able operating leases wh	ich fall due as follows:	ich fall due as follows:
			Group		Charity
			2020	2019	2020	2019
			E	E		F
Within one year			53,784	108,784	53,784	108,784
Between	two and	five years	421,633	436,584	421,633	436,584
In over five years			3,004,167	3,107,167	3,004,167	3,107,167
			3,479,584	3,652,535	3,479,584	3,652,535
Lease payments		recognised as an
expense	during the period		62951	103,859	62951	103859

At 31 October 2020, the group had contr	acted with tenants for the	following mi	nimum lease pa	yments:
	Group		Charity
	2020	2019	2020	2019
	E	E	6	E
Within one year Between two and five years	55,990 117,354	55,490 171,354	55,990 117,354	55,490 171,354
	173,344	226,844	173,344	226,844

The total taxable	profits	are gifte	d to the charity. A summary of the results ofthe	subsidiary	is shown
				2020	2019
				5	6
Turnover				421,104	250,623
Direct and administration		costs		(257,907)	(248,104)
Other operating	income			3,980	60,420
Interest paid				(13,406)	(15,043)
Interest received
Corporation tax
Net profitr(toss)				153,771	47,896
The aggregate assets,		liabilities	and reserves of New Park Events Limited were:
Assets				695,755	534,003
Liabilities				(453,374)	(426,465)
Capital and reserves				242,381	107,538