2021-10-31-accounts

Patron			The Rt. Hon. The	The Rt. Hon. The	Countess Mountbatten	Countess Mountbatten	of Burma
President			Mr and Mrs John		and Heather	Whitham
Chair			Miss M J Rawson-Smith
Vlcewhair			Mrs R Harper-Adams
Secretary			Mrs A Morson
Treasurer			Mr R N Butler BScFFA
Company	number		02370966
Charity number			1007948
Registered		ofgce	4The Old Carthouses
			Broadlands
			Romsey
			Hampshire
			50519LQ
Independent		Examiners	Knight Goodhead		Limited
			Chartered	Accountants
			7 Bournemouth		Road
			Chandler's	Ford
			Eastleigh
			Hampshire
			5053 3DA
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
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 to the Financial Statements			9-15

P Allwood		(resigned 29April 2021)	J Long
D Amey			C Ludweg		(resigned 29July 2021)
R N Butler			P McVean
M A Carder			R F Monk
M 5 Cardy		(resigned 4 March 2021)	M 1Rawson-Smith	(Chair)
D R Coombs			8 Rowe
J Corbin			5Rowlandson
R Corbin			N Welch
A J A Donald		(resigned 4 March 2021)	N J Hatchley		(appointed 4 March 2021)
5 D Edwards
R Foord
R Harper-Adams	(Vice-chair)
M Hartas
5A Hillman
6 Holmes
J Kell
5 M Kibbey

			2021	2021	2021	2020
			Unrestricted	Restdcted	Total	Total
			funds	funds	funds	funds
INCOME		Notes	E	E	E	6
Donations and legacies			5,645		5,645	6,901
Charitable activities			18,210		18,210	35,535
Investment income			6,471		6,471	6,490
TOTAL INCOME			30,326		30,326	48,926
EXPENDITURE
Cost of raising funds
Investment management	costs		3,528		3,528	2,868
Charitable activities			68,777		68,777	93,789
TOTAL EXPENDITURE			72,305		72,305	96,657
NET OPERATING INCOME / (EXPENDITURE)			(41,979)		(41,979)	(47,731)
Net gains/(loss) on fixed asset investments			5,920		5,920	(538)
NET INCOME / (EXPENDITURE)			(36,059)		(36,059)	(48,269)
Unrealised gains on investment
and inalienable assets			49,252		49,252	1,021
NET MOVEMENT IN FUNDS			13,193		13,193	(47,248)
TOTAL FUND BALANCES BROUGHT FORWARD			343,641	124,390	468,031	515,279
TOTAL FUND BALANCES	CARRIED FORWARD		356,834	124,390	481,224	468,031

		2020	2020	2020
		Unrestiicted	Restricted	Total
INCOME		funds	funds	funds
		6	6	E
Donations and legacies
Charitable activities Investment income		6,901 35,535 6,490		6,901 35,535 6,490
TOTAL INCOME
		48,926		48,926
EXPENDITURE
Cost ofraising funds
Investment management	costs
Charitable activities		2,868 93,789		2,868 93,789
TOTAL EXPENDITURE
		96,657		96,657
NET OPERATING EXPENDITURE
		(47,731)		(47,731)
Net gains on fixed asset investments
		(538)		(538)
NET EXPENDITURE
		(48,269)		(48,269)
Unrealised losses on investment
and inalienable assets
		1,021		1,021
NET MOVEMENT IN FUNDS
		(47,248)		(47,248)
TOTAL FUND BALANCES BROUGHT FORWARD		390,889	124,390	515,279
TOTAL FUND BALANCES CARRIED FORWARD		343,641	124,390	468,031

				2021	2020
				Total	Total
				funds	funds
				E	E
Gross	income			30,326	48,926
Profit	on disposal	of investment	assets held by income funds	5,920	(538)
Total	income			36,246	48,388
Total	expenditure	from income	funds	P2,305)	(96,657)
NET	INCOME / (EXPENDITURE)		FOR THE YEAR	(36,059)	(48,269)

STATEMENT OF RECOG	NISED GAIN	S AND LOSSE	SFOR THE YEAR EN	DED 31OCTOBER
				2021	2020
				Total	Total
				funds	funds
				E	E
Net income / (expenditure)	for the year			(36,0591	(48,269)
Unrealised gains / (losses) on investment held by income funds		and inalienable	assets	49,252	1,021
TOTAL RECOGNISED GAINS / (LOSSES)				13,193	(47,248)

				2021	2020
				6
		Subscriptions Farm walk and competition		4,844	5,736
		Donations
		Auction income		801	1,165
		Web site link
		Fairground
		Donated services
				5,645	6,901
	4	CHARITABLE ACTIVITIES	INCOME	2021	2020
				E	6
		Gift aid
		Gate money		219	551
		Trade stands
		Shopping and craft marquee			210
		Horticulture
		Meeting room hire in«orna
		Grants received
		Sponsorship/donations Refreshment rights/Public	catering	14,500	6,000 4,070
		Entry fees
		Ringside parking
		Bah Humbug income
		Furlough COVID grant income		3,491	682 14,022 10,000
				18,210	35,535
5		INVESTMENT INCOME		2021	2020
				E	6
		Income from bated investments		6,471	6,490

6	COST OF RAISING FUNDS	COST OF RAISING FUNDS				2021	2020
						E	F.
	Farm walk and competition		expenses
	Countryside education	costs
7	INVESTMENT MANAGEMENT			COSTS		2021	2020
						6	E
	Porffolio management					3,528	2,868
&	CHARITABLE ACTIVITIES COSTS					2021	2020
						E	E
	Staff costs					12,848	41,361
	Rent of showground					15,000
	Public address
	Tent hire
	Other contractors					325	757
	Publicity
	Showground entertainment					133	226
	President's hospitality
	Prizes money, prizes and auction expenses					399
	Rosettes and trophies					10	14
	Judges' expenses
	Bah Humbug expenses						162
	Printing, postage and	stationery				738	308
	Insurance					2,607	7,207
	Telephone and office expenses					14,208	25,382
	Other costs, including	general		overhead	expenses	22,509	18,372
						68,777	93,789

	NOTES TO THE AC	COUNTS FOR THE	YEAR ENDED 31OCTOBER 2021
10	STAFF COSTS
				2021	2020
	The average monthly	number ofemployees	during the year was:	Number	Number
	Administration
				2021	2020
				6	E
	Wages and salaries			11,691	38,947
	Social security costs				1,126
	Pension contributions			1,157	1,288
				12,848	41,361

11	TANGIBLE ASSETS	Showground	Office
		equipment	equipment	Total
		6	6	6
	COST
	At beginning and end ofyear	9,087	19,967	29,054
	Additions		598	598
	At end ofyear	9,087	20,565	29,652
	DEPRECIATION
	At beginning ofyear	9,087	19,141	28,228
	Charge for year		604	604
	At end ofyear	9,087	19,745	28,832
	NET BOOK VALUE
	At end ofyear		820	820
	At beginning ofyear		826	826

	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 2021
13	FIXED ASSET INVESTMENTS					Listed
						investments
						E
	MARKET VALUE
	At 1November 2020					332,479
	Additions					30,345
	Disposals					(46,284)
	Revaluations					49,252
	At 31October 2021					365,792
	Historical cost:
	At 31October 2021					272,320
	At 31October 2020					288,259
	investments representing		more than 5%oftotal investments
	Usted investments			Holding	2021	2020
					6	E
	JP Morgan Asset Mgrs	(UK)		23,125 (2020:13,J25)	33,069	25,414
	Link Fund Solutions (Trojan inc S(nc)			13,000 (2020:13,ooo)	24,885	21,635
	Maitland(nstl Services Ltd			.(2020:20,000)		17,443
	JP Morgan Japanese Inv	Trust		3,000 (2020: ndl	19,950	19,050
	Veritas Funds Pic			20 (2020: nil)	18,789	18,789
	Mercantile Investment	Tst Pic		8,000 (1020:nd)	21,240
	Baigie Gifford UK Growth			8,500 (2020:nd)	19,380
14	DEBTORS				2021	2020
					E	E
	Trade debtors
	Other debtors				10,115	8,933
					10,115	8,933
15	CREDITORS: amounts	falling due within one year			2021	2020
					6	6
	Trade creditors				539	138
	Taxation and social security
	Other creditors				34,775	29,576
					35,314	29,714

1
6 CREDITORS	: amounts	falling due	after more	tha	n	one year						2021	2020
												f
Other creditors												3,237	4,531
17 COMMITMENTS
At 31October 2021the charitable			company	had		annual commitments		under non-cancellable				operating leases as follows:
Showground		f20,000per annum,				rising to625,000per		annum,		expiring	in 2030(total
		payable E210,000			over a9year period)
Offices		f4,800per annum,				expiring in 2026 (total		payable		E24,000)
18 MOVEMENT	IN FUNDS					Balance							Balance
						asat						Gains and	asat
For the year	ended 31October 2021				1Nov 2020		Income		Expenditure			losses	31Oct 2021
						E		f		f		f	f
Unrestricted	funds
Unrestricted	funds					299,421	30,326			(72,305)		5,920	263,362
Revaluation	Reserve					44,220						49,252	93,472
						343,641	30,326			(72,305)		55,172	356,834
Restricted funds						124,390							124,390
Totalfunds						468,031	30,326			(72,305)		55,172	481,224
						Balance							Balance
						asat						Gains and	asat
For the year	ended 31October 2020				1	Nov 2019	Income		Expenditure			losses	31Oct 2020
						E		E		f		f	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
Totalfunds						515,279	48,926			(96,657)		483	468,031

	NOTES TO THE ACCOUNTS FOR THE YEAR E	NDED 31OCTOBER	2021
19	ANALYSIS DF NET ASSETS BETWEEN FUNDS
		Unrestricted	Revaluation	Restricted	Totalfunds
		funds	reserve	funds	2021
	As at31October 2021	6	f	f	f
	Tangible fixed assets	820			820
	Inalienable assets			124,390	124,390
	Investments	272,320	93,472		365,792
	Current assets	28,773			28,773
	Current liabilities	(35,314)			(35,314)
	Non current liabilities	(3,237)			(3,237)
	Total net assets	263,362	93,472	124,390	481,224
		Unrestricted	Revaluation	Restricted	Totalfunds
		funds	reserve	funds	2020
	As at31October 2020		f	f	f
	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