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|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<br>Accountants||||
||||7 Bournemouth|Road|||
||||Chandler's<br>Ford||||
||||Eastleigh||||
||||Hampshire||||
||||5053 3OA||||
|Bankers|||TSBpic||||
||||6Market Place||||
||||Romsey||||
||||Hampshire||||
||||5051BYS||||
|Investment||Advisors|Rathbones<br>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<br>report|||
|Statement<br>of|Financial Activities|||
|Comparative|Statement<br>of Financial|Activities||
|Summary<br>income and expenditure||account||
|and Statement of Recognised<br>Gains and Losses||||
|Balance Sheet||||
|Notes tothe|Financial Statements||9-15|





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|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||||||||





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||||2020|2020|2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|INCOME||Notes|E|E|E|E|
|Donations<br>and legacies|||6,901||6,901|34,247|
|Charitable<br>activities|||35,535||35,535|364,967|
|Investment<br>income|||6,490||6,490|4,975|
|TOTAL INCOME|||48,926||48,926|404,189|
|EXPENDITURE|||||||
|Cost of raising funds||||||3,265|
|Investment<br>management|costs||2,868||2,868|2,720|
|Charitable<br>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<br>on fixed asset investments|||(538)||(538)|2,254|
|NET INCOME / (EXPENDITURE)|||(48,269)||(48,269)|58,039|
|Unrealised<br>gains / (losses) on investment|||||||
|and inalienable<br>assets|||1,021||1,021|12,159|
|NET MOVEMENT<br>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<br>and legacies||34,247||34,247|
|Charitable<br>activities||364,967||364,967|
|Investment<br>income||4,975||4,975|
|TOTAL INCOME||404,189||404,189|
|EXPENDITURE|||||
|Cost of raising funds||3,265||3,265|
|Investment<br>management|costs|2,720||2,720|
|Charitable<br>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<br>losses on investment|||||
|and inalienable<br>assets||12,159||12,159|
|NET MOVEMENT<br>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<br>gains / (losses) on investment||and inalienable|assets|||
|held by income funds||||1,021|12,159|
|TOTAL RECOGNISED GAINS / (LOSSES)||||(47,248)|70,198|





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||||||||
|---|---|---|---|---|---|---|
|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<br>and|craft marquee||||14,065|
||Horticulture|||||400|
||Meeting<br>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<br>parking|||||4,860|
||Bah Humbug|income|||682||
||Furlough<br>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|





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|||||||||
|---|---|---|---|---|---|---|---|
|6|COST OF RAISING FUNDS|||||2020|2019|
|||||||E|E|
||Farm walk and competition||expenses||||265|
||Countryside<br>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<br>entertainment|||||226|9,788|
||President's<br>hospitality||||||3,223|
||Prizes money, prizes and auction expenses||||||13,731|
||Rosettes and trophies||||||1,535|
||Judges' expenses||||||1,067|
||Bah Humbug<br>expenses|||||162||
||Printing,<br>postage and stationery|||||308|5,444|
||Insurance|||||7,207|12,182|
||Telephone<br>and office expenses|||||25,382|27,478|
||Other costs, including|general||overhead|expenses|18,372|24,648|
|||||||93,789|342,419|



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||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<br>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<br>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<br>ofyear||||



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||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<br>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<br>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<br>Investment||Tat|Pic|—(2019:8,000)||17,880|
||Aberdeen<br>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|





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|2020|2019|
|---|---|
|E|E|
|4,531|5,825|



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|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<br>assets|||124,390|124,390|
||Investments|288,259|44,220||332,479|
||Current assets|44,581|||44,581|
||Current<br>liabilities|(29,714)|||(29,714)|
||Non current<br>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<br>assets|||124,390|124,390|
||Investments|258,302|43,199||301,501|
||Current assets|121,738|||121,738|
||Current<br>liabilities|(26,525)|||(26,525)|
||Non current<br>liabilities|(5,825)|||(5,825)|
||Total net assets|347,690|43,199|124,390|515,279|