#
##
|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|||
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|||||||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|
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||||||||||||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.....||||||
##
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|||||||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|
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|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|
##
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|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|
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|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|
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|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||||||||
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|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|
##
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|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|
##
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|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|
##
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##
||||||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||
##
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|||||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|
##
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##
|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|
##
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|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|
##