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|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<br>report|||
|Statement<br>of|Financial Activities|||
|Comparative|Statement of Financial|Activities||
|Summary<br>income and expenditure||account||
|and Statement of Recognised<br>Gains and Losses||||
|Balance Sheet||||
|Notes to the Financial Statements|||9-15|





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|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||||||





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||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restdcted|Total|Total|
||||funds|funds|funds|funds|
|INCOME||Notes|E|E|E|6|
|Donations<br>and legacies|||5,645||5,645|6,901|
|Charitable<br>activities|||18,210||18,210|35,535|
|Investment<br>income|||6,471||6,471|6,490|
|TOTAL INCOME|||30,326||30,326|48,926|
|EXPENDITURE|||||||
|Cost of raising funds|||||||
|Investment<br>management|costs||3,528||3,528|2,868|
|Charitable<br>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)<br>on fixed asset investments|||5,920||5,920|(538)|
|NET INCOME / (EXPENDITURE)|||(36,059)||(36,059)|(48,269)|
|Unrealised<br>gains on investment|||||||
|and inalienable<br>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<br>and legacies|||||
|Charitable<br>activities<br>Investment<br>income||6,901<br>35,535<br>6,490||6,901<br>35,535<br>6,490|
|TOTAL INCOME|||||
|||48,926||48,926|
|EXPENDITURE|||||
|Cost ofraising funds|||||
|Investment<br>management|costs||||
|Charitable<br>activities||2,868<br>93,789||2,868<br>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<br>losses on investment|||||
|and inalienable<br>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<br>gains / (losses) on investment<br>held by income funds||and inalienable|assets|49,252|1,021|
|TOTAL RECOGNISED GAINS / (LOSSES)||||13,193|(47,248)|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||6||
|||Subscriptions<br>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<br>and craft marquee|||210|
|||Horticulture||||
|||Meeting room hire<br>in«orna||||
|||Grants received||||
|||Sponsorship/donations<br>Refreshment<br>rights/Public|catering|14,500|6,000<br>4,070|
|||Entry fees||||
|||Ringside parking||||
|||Bah Humbug<br>income||||
|||Furlough<br>COVID grant income||3,491|682<br>14,022<br>10,000|
|||||18,210|35,535|
|5||INVESTMENT INCOME||2021|2020|
|||||E|6|
|||Income from bated investments||6,471|6,490|





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|6|COST OF RAISING FUNDS|COST OF RAISING FUNDS||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|F.|
||Farm walk and competition||expenses|||||
||Countryside<br>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<br>entertainment|||||133|226|
||President's<br>hospitality|||||||
||Prizes money, prizes and auction expenses|||||399||
||Rosettes and trophies|||||10|14|
||Judges' expenses|||||||
||Bah Humbug<br>expenses||||||162|
||Printing, postage and|stationery||||738|308|
||Insurance|||||2,607|7,207|
||Telephone<br>and office expenses|||||14,208|25,382|
||Other costs, including|general||overhead|expenses|22,509|18,372|
|||||||68,777|93,789|





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||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<br>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<br>ofyear||826|826|





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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|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<br>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<br>Services Ltd|||.(2020:20,000)||17,443|
||JP Morgan Japanese<br>Inv|Trust||3,000 (2020: ndl|19,950|19,050|
||Veritas Funds Pic|||20 (2020: nil)|18,789|18,789|
||Mercantile<br>Investment|Tst Pic||8,000 (1020:nd)|21,240||
||Baigie Gifford<br>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<br>commitments||under non-cancellable||||operating<br>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<br>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|





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||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<br>assets|||124,390|124,390|
||Investments|272,320|93,472||365,792|
||Current assets|28,773|||28,773|
||Current<br>liabilities|(35,314)|||(35,314)|
||Non current<br>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<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|