2020-10-31-accounts

Patron			The Rt. Hon. The Countess Mountbatten	The Rt. Hon. The Countess Mountbatten	The Rt. Hon. The Countess Mountbatten	of Burma
President			Mr and Mrs John and Heather		Whitham
Chair			Miss M J Rawson-Smith
Vice-chair			Mrs R Harper-Adams
Secretary			Mrs A Morson
Treasurer			Mr R N Butler BScFFA
Company	number		02370986
Charity number			1007948
Registered		office	4The Old Carthouses
			Broadlands
			Romsey
			Hampshire
			50519LQ
Independent		Examiners	Knight Goodhead	Limited
			Chartered Accountants
			7 Bournemouth	Road
			Chandler's Ford
			Eastleigh
			Hampshire
			5053 3OA
Bankers			TSBpic
			6Market Place
			Romsey
			Hampshire
			5051BYS
Investment		Advisors	Rathbones Asset	Management	Ltd
			32Southgate Street
			Winchester
			Hampshire
			5023 9EH
Legal Advisors			Footner & Ewing
			50The Hundred
			Romsey
			Hampshire
			5051BXH

Contents			Page
Report ofthe	Council ofTrustees		1-3
independent	Examiners report
Statement of	Financial Activities
Comparative	Statement of Financial	Activities
Summary income and expenditure		account
and Statement of Recognised Gains and Losses
Balance Sheet
Notes tothe	Financial Statements		9-15

P Allwood				J Long
DAmey				C Ludwell
R N Butler				P McVean
M A Carder				R F Monk
M Cardy		(resigned 5 March 2020)		A Passfield		(resigned	5 March 2020)
M 5Cardy				M J Rawson-Smith	(Chair)
D R Coombs				8 Rowe
J Corbin				5 Rowlandson
R Corbin				N Welch
A J A Donald
5 D Edwards		(appointed	5 March 2020)
R Foord
R Harper-Adams	(Vice-chair)
M Hartas
5 A Hillman
G Holmes
J Kell
5M Kibbey

			2020	2020	2020	2019
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
INCOME		Notes	E	E	E	E
Donations and legacies			6,901		6,901	34,247
Charitable activities			35,535		35,535	364,967
Investment income			6,490		6,490	4,975
TOTAL INCOME			48,926		48,926	404,189
EXPENDITURE
Cost of raising funds						3,265
Investment management	costs		2,868		2,868	2,720
Charitable activities			93,789		93,789	342,419
TOTAL EXPENDITURE			96,657		96,657	348,404
NET OPERATING INCOME / (EXPENDITURE)			(47,731)		(47,731)	55,785
Net (loss)/gains on fixed asset investments			(538)		(538)	2,254
NET INCOME / (EXPENDITURE)			(48,269)		(48,269)	58,039
Unrealised gains / (losses) on investment
and inalienable assets			1,021		1,021	12,159
NET MOVEMENT IN FUNDS			(47,248)		(47,248)	70,198
TOTAL FUND BALANCES BROUGHT FORWARD			390,889	124,390	515,279	445,081
TOTAL FUND BALANCES CARRIED FORWARD			343,641	124,390	468,031	515,279

		2019	2019	2019
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME		E	E	E
Donations and legacies		34,247		34,247
Charitable activities		364,967		364,967
Investment income		4,975		4,975
TOTAL INCOME		404,189		404,189
EXPENDITURE
Cost of raising funds		3,265		3,265
Investment management	costs	2,720		2,720
Charitable activities		342,419		342,419
TOTAL EXPENDITURE		348,404		348,404
NET OPERATING EXPENDITURE		55,785		55,785
Net gains on fixed asset	investments	2,254		2,254
NET EXPENDITURE		58,039		58,039
Unrealised losses on investment
and inalienable assets		12,159		12,159
NET MOVEMENT IN FUNDS		70,198		70,198
TOTAL FUND BALANCES	BROUGHT FORWARD	320,691	124,390	445,081
TOTAL FUND BALANCES	CARRIED FORWARD	390,889	124,390	515,279

			2020	2019
			Total	Total
			funds	funds
			E	E
Gross income			48,926	404,189
Profit on disposal	of investment	assets held by income funds	(538)	2,254
Total income			48,388	406,443
Total expenditure	from income	funds	(96,657)	(34&,404)
NET INCOME / (EXPENDITURE)		FOR THE YEAR	(4&i269)	5&,039

				2020	2019
				Total	Total
				funds	funds
				E	E
Net income / (expenditure)	for the year			(48,269)	58,039
Unrealised gains / (losses) on investment		and inalienable	assets
held by income funds				1,021	12,159
TOTAL RECOGNISED GAINS / (LOSSES)				(47,248)	70,198

3	DONATIONS	AND LEGACIES			2020	2019
					E	E
	Subscriptions				5,736	14,682
	Farm walk and competition					583
	Donations				1,165	723
	Auction income					14,064
	Web site link					995
	Fairground					1,200
	Donated services					2,000
					6,901	34,247
4	CHARITABLE	ACTIVITIES INCOME			2020	2019
					E	6
	Gift aid				551	848
	Gate money					208,257
	Trade stands				210	67,717
	Shopping and	craft marquee				14,065
	Horticulture					400
	Meeting room hire					20
	Grant received from Hampshire			County Council	1,000	3,500
	Sponsorship/donations				4,070	30,888
	Refreshment	rights/Public	catering			23,100
	Entry fees					11,312
	Ringside parking					4,860
	Bah Humbug	income			682
	Furlough income				14,022
	COVID grant income				15,000
					35,535	364,967
5	INVESTMENT	INCOME			2020	2019
					E	E
	Income from	listed investments			6,490	4,975

6	COST OF RAISING FUNDS					2020	2019
						E	E
	Farm walk and competition		expenses				265
	Countryside education	costs					3,000
							3,265
7	INVESTMENT MANAGEMENT			COSTS		2020	2019
						E	6
	Portfolio management					2,868	2,720
8	CHARITABLE ACTIVITIES COSTS					2020	2019
						6	E
	Staff costs					41,361	49,395
	Rent ofshowground						32,701
	Public address						12,436
	Tent hire						41,293
	Other contractors					757	102,349
	Publicity						5,149
	Showground entertainment					226	9,788
	President's hospitality						3,223
	Prizes money, prizes and auction expenses						13,731
	Rosettes and trophies						1,535
	Judges' expenses						1,067
	Bah Humbug expenses					162
	Printing, postage and stationery					308	5,444
	Insurance					7,207	12,182
	Telephone and office expenses					25,382	27,478
	Other costs, including	general		overhead	expenses	18,372	24,648
						93,789	342,419

	NOTES TO THE AC	COUNTS FOR THE	YEAR ENDED 31OCTOBER 2020
10	STAFF COSTS
				2020	2019
	The average monthly	number ofemployees	during the year was:	Number	Number
	Administration
				2020	2019
				6	6
	Wages and salaries			38,947	47,503
	Social security costs			1,126	776
	Pension contributions			1,288	1,116
				41,361	49,395

11	TANGIBLE ASSETS	Showground	Office
		equipment	equipment	Total
		6	6	6
	COST
	At beginning and end ofyear	9,087	18,733	27,820
	Additions		1,234	1,234
	At end ofyear	9,087	19,967	29,054
	DEPRECIATION
	At beginning ofyear	9,087	18,733	27,820
	Charge for year		408	408
	At end of year	9,087	19,141	28,228
	NET BOOK VALUE
	At end of year		826	826
	At beginning ofyear

	NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3	NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3	NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3	NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3	1OCTOBER 2020
13	FIXEDASSET INVESTMENTS						Listed
							investments
							E
	MARKET VALUE
	At 1November 2019						301,501
	Additions						45,756
	Disposals						(15,799)
	Revaluations						1,021
	At 31October 2020						332,479
	Historical cost:
	At 31October 2020						288,259
	At 31October 2019						258,302
	Investments representing			more than 5N oftotal investments
	Listed investments				Holding	2020	2019
						E	E
	JP Morgan Asset Mgrs (UK)				23,125 (2019:23,126)	25,414	27,611
	Link Fund Solutions	(Trojan Inc 5 Inc)			13,000 (2019:13,000)	21,635	25,727
	Maitland Inst) Services Ltd				20,000 (2019:20,000)	17,443	23,231
	JP Morgan Japanese	Inv Trust			3,000 (2019:nil)	19,050
	Veritas Funds Pic				20 (2019:na)	18,789
	Mercantile Investment		Tat	Pic	—(2019:8,000)		17,880
	Aberdeen Standard	Fund Mgrs			- (2019:26,000)		15,223
	Schroder Investment		Mgmt		- (2019:26,000)		15,113
	Link Fund Solutions	(Trojan 5 Inc)			(2019:3,000)		9,149
14	DEBTORS					2020	2019
						E	E
	Trade debtors						2,519
	Other debtors					8,933	14,614
						8,933	17,133
15	CREDITORS: amounts		falling due within one year			2020	2019
						E	E
	Trade creditors					138	2,390
	Taxation and social security						732
	Other creditors					29,576	23,403
						29,714	26,525

2020	2019
E	E
4,531	5,825

18	MOVEMENT	IN FUNDS	Balance				Balance
			as at			Gains and	as at
	For the year	ended 31October 2020	1Nov 2019	Income	Expenditure	losses	31Oct 2020
			E	E	E	E	E
	Unrestricted	funds
	Unrestricted	funds	347,690	48,926	(96,657)	(538)	299,421
	Revaluation	Reserve	43,199			1,021	44,220
			390,889	48,926	(96,657)	483	343,641
	Restricted funds		124,390				124,390
	Total funds		515,279	48,926	(96,657)	483	468,031
			Balance				Balance
			as at			Gains and	as at
	For the year	ended 31October 2019	1Nov 2018	Income	Expenditure	losses	31Oct 2019
			E	E	E	E	E
	Unrestricted	funds
	Unrestricted	funds	289,651	404,189	(348,404)	2,254	347,690
	Revaluation	Reserve	31,040			12,159	43,199
			320,691	404,189	(348,404)	14,413	390,889
	Restricted funds		124,390				124,390
	Totalfunds		445,081	404,189	(348,404)	14,413	515,279

19	ANALYSIS OF NET ASSETS BETWEEN FUNDS
		Unrestricted	Revaluation	Restricted	Totalfunds
		funds	reserve	funds	2020
	Asat 31October 2020	6	6	E	6
	Tangible fixed assets	826			826
	Inalienable assets			124,390	124,390
	Investments	288,259	44,220		332,479
	Current assets	44,581			44,581
	Current liabilities	(29,714)			(29,714)
	Non current liabilities	(4,531)			(4,531)
	Total net assets	299,421	44,220	124,390	468,031
		Unrestricted	Revaluation	Restncted	Total funds
		funds	reserve	funds	2019
	Asat 31October 2019	6	6	E	6
	Tangible fixed assets
	Inalienable assets			124,390	124,390
	Investments	258,302	43,199		301,501
	Current assets	121,738			121,738
	Current liabilities	(26,525)			(26,525)
	Non current liabilities	(5,825)			(5,825)
	Total net assets	347,690	43,199	124,390	515,279