| 2022 | 2022 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| INCOME | Notes | funds f |
fundsf | funds f |
fundsf | |
| Donations and legacies |
18,237 | 18,237 | 5,645 | |||
| Charitable activities |
339,733 | 339,733 | 18,210 | |||
| Investment income |
6,751 | 6,751 | 6,471 | |||
| TOTAL INCOME | 364,721 | 364,721 | 30,326 | |||
| EXPENDITURE | ||||||
| Cost of raising funds | ||||||
| Investment management |
costs | 2,763 | 2,763 | 3,528 | ||
| Charitable activities |
296,908 | 296,908 | 68,777 | |||
| TOTAL EXPENDITURE | 299,671 | 299,671 | 72,305 | |||
| NET OPERATING INCOME / (EXPENDITURE) | 65,050 | 65,050 | (41,979) | |||
| Net gains on fixed asset investments | 16,626 | 16,626 | 5,920 | |||
| NET INCOME / (EXPENDITURE) | 81,676 | 81,676 | (36,059) | |||
| Unrealised (losses) / gains on investment |
||||||
| and inalienable assets |
(64,594) | (64,594) | 49,252 | |||
| NET MOVEMENT IN FUNDS | 17,082 | 17,082 | 13,193 | |||
| TOTAL FUND BALANCES BROUGHT FORWARD | 356,834 | 124,390 | 481,224 | 468,031 | ||
| TOTAL FUND BALANCES | CARRIED FORWARD | 373,916 | 124,390 | 498,306 | 481,224 |
| 2021 | 2021 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME | f | f | f | |
| Donations and legacies |
5,645 | 5,645 | ||
| Charitable activities |
18,210 | 18,210 | ||
| Investment income |
6,471 | 6,471 | ||
| TOTAL INCOME | 30,326 | 30,326 | ||
| EXPENDITURE | ||||
| Cost of raising funds | ||||
| Investment management |
costs | 3,528 | 3,528 | |
| Charitable activities |
68,777 | 68,777 | ||
| TOTAL EXPENDITURE | 72,305 | 72,305 | ||
| NET OPERATING EXPENDITURE | (41,979) | (41,979) | ||
| Net gains on fixed asset | investments | 5,920 | 5,920 | |
| NET EXPENDITURE | (36,059) | (36,059) | ||
| Unrealised losses on investment |
||||
| and inalienable assets |
49,252 | 49,252 | ||
| NET MOVEMENT IN FUNDS | 13,193 | 13,193 | ||
| TOTAL FUND BALANCES | BROUGHT FORWARD | 390,889 | 124,390 | 468,031 |
| TOTAL FUND BALANCES | CARRIED FORWARD | 404,082 | 124,390 | 481,224 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Total | Total | |||
| fundsf | fundsf | |||
| Gross income | 364,721 | 30,326 | ||
| Profit on disposal | ofinvestment | assets held by income funds | 16,626 | 5,920 |
| Total income | ||||
| Total expenditure | from income | funds | (299,671) | (72,305) |
| NET INCOME / (EXPENDITURE) | FOR THE YEAR | 81,676 | (36,059) |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| funds | funds | ||||
| f | f | ||||
| Net income / (expenditure) | for the year | 81,676 | (36,059) | ||
| Unrealised (losses) / gains on investment |
and inalienable | assets | |||
| held by income funds | (64,594) | 49,252 | |||
| TOTAL RECOGNISED GAINS / (LOSSES) | 17,082 | 13,193 |
| 3 | DONATIONS AND LEGACIES |
2022 f |
2021 f |
|
|---|---|---|---|---|
| Subscriptions Donations |
12,936 8 |
4,844 801 |
||
| Web site link | 750 | |||
| Fairground Winter Fayre |
1,500 3,043 |
|||
| Donated services | ||||
| 18,237 | 5,645 | |||
| 4 | CHARITABLE ACTIVITIES INCOME | 2022 f |
2021 f |
|
| Gift aid | 237 | 219 | ||
| Gate money Trade stands |
213,342 45,015 |
|||
| Shopping and craft marquee Grants received |
13,868 6,000 |
14,500 | ||
| Sponsorship/donations Refreshment rights/Public |
catering | 24,364 26,179 |
||
| Entry fees Ringside parking Furlough income |
8,248 2,480 339,733 |
3,491 18,210 |
||
| 5 | INVESTMENT INCOME | 2022 f |
2021 f |
|
| Income from listed investments | 6,751 | 6,471 |
| NOTES TO THE | ACCOU | N | TS FOR | THE YEAR EN | DED 31OCTOBER 2022 | |||
|---|---|---|---|---|---|---|---|---|
| 6 | COST OF RAISING | FUNDS | ||||||
| 2022 | 2021 | |||||||
| f | E | |||||||
| Farm walk and competition | expenses | |||||||
| Countryside education costs |
||||||||
| 7 | INVESTMENT MANAGEMENT | COSTS | ||||||
| 2022 | 2021 | |||||||
| f | f | |||||||
| Portfolio management | ||||||||
| 2,763 | 3,528 | |||||||
| 8 | CHARITABLE ACTIVITIES COSTS | |||||||
| 2022 | 2021 | |||||||
| f | E | |||||||
| Staff costs | ||||||||
| Rent ofshowground | 34,789 | 12,848 | ||||||
| Showground water |
24,690 | 15,000 | ||||||
| Public address | 27 | |||||||
| Tent hire | 9,799 | |||||||
| Other contractors | 24,454 | |||||||
| Publicity | 106,596 | 325 | ||||||
| Showground entertainment |
4,392 | |||||||
| President's hospitality |
7,105 | 133 | ||||||
| Prizes money, prizes Rosettes and trophies |
and auction expenses | 2,416 7,173 |
399 | |||||
| Winter Fayre | 1,559 | 10 | ||||||
| Judges' expenses | 328 | |||||||
| Printing, postage and |
stationery | 537 | ||||||
| Insurance | 3.332 | 738 | ||||||
| Telephone and office |
expenses | 13,499 | 2,607 | |||||
| Other costs, including | general | overhead | expenses | 19,336 36,876 |
14,208 22,509 |
|||
| 296,908 | 68,777 | |||||||
| Other costs include amounts | payable to | the independent | examiner off2,000(2021:f2,040). |
| 10 | STAFF COSTS | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| The average monthly |
number | ofemployees | during the | year was: | Number | Number | ||||
| Administration | ||||||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Wages and salaries | 33,819 | 11,691 | ||||||||
| Social security costs | ||||||||||
| Pension contributions | 970 | 1,157 | ||||||||
| 34,789 | 12,848 | |||||||||
| Key management | personnel | were paid a | total off33,819during the year (2021:f11,691). | |||||||
| There were no employees | whose annual | emoluments | were f60,000or more. | |||||||
| 11 | TAN6IBLE ASSETS | Showground | Office | |||||||
| equipment | equipment | Total | ||||||||
| f | f | f | ||||||||
| COST | ||||||||||
| At beginning and end |
ofyear | 9,087 | 20,565 | 29,652 | ||||||
| Additions | ||||||||||
| At end ofyear | 9,087 | 20,565 | 29,652 | |||||||
| DEPRECIATION | ||||||||||
| At beginning ofyear |
9,087 | 19,745 | 28,832 | |||||||
| Charge for year | 615 | 615 | ||||||||
| At end ofyear | 9,087 | 20,360 | 29,447 | |||||||
| NET BOOK VALUE | ||||||||||
| At end ofyear | 205 | 205 | ||||||||
| At beginning ofyear |
820 | 820 |
| NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 | NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 | NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 | NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 | OCTOBER | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| 13 | FIXED ASSET INVESTMENTS | Usted | ||||||
| investments | ||||||||
| f | ||||||||
| MARKET VALUE | ||||||||
| At 1November 2021 | 365,792 | |||||||
| Additions | 40,423 | |||||||
| Disposals | (51,729) | |||||||
| Revaluations | (64,594) | |||||||
| At 31October 2022 | 289,892 | |||||||
| Historical cost: | ||||||||
| At 31October 2022 | 261,014 | |||||||
| At 31October 2021 | 272,320 | |||||||
| Investments representing |
more than 5%oftotalinvestments: | |||||||
| Listed investments | Holding | 2022 | 2021 | |||||
| f | f | |||||||
| JP Morgan Asset Mgrs | (UK) | 23,125 | (2021:23,125) | 37,601 | 33,069 | |||
| Finsbury Grwth L Inc |
Tst | Pic | 2,000 | (2021:2,000) | 16,120 | 17,692 | ||
| Link Fund Solutions (Trojan lnc SInc) | (2021:13,000) | 24,885 | ||||||
| JP Morgan Japanese | lnv Trust | (2021:3,000) | 19,950 | |||||
| Veritas Funds Pic | (2021:20) | 18,789 | ||||||
| Mercantile Investment |
Tst Pic | (2021:8,000) | 21,240 | |||||
| Baillie Gifford UK Growth | (2021:8,500) | 19,380 | ||||||
| 14 | DEBTORS | 2022 | 2021 | |||||
| f | f | |||||||
| Trade debtors | 657 | |||||||
| Other debtors | 4,469 | 10,115 | ||||||
| 5,126 | 10,115 | |||||||
| 15 | CREDITORS: amounts | falling due within one year | 2022 | 2021 | ||||
| f | f | |||||||
| Trade creditors | 3,501 | 539 | ||||||
| Taxation and social security | 2,866 | |||||||
| Other creditors | 20,201 | 34,775 | ||||||
| 26,568 | 35,314 |
| 16 | CREDITORS: amounts | falling due after more than one year | 2022 f |
2021 f |
|---|---|---|---|---|
| Other creditors | 3,945 | 3,237 |
| 18 | MOVEMENT | IN FUNDS | Balance | Balance | |||
|---|---|---|---|---|---|---|---|
| as at | Gains and | asat | |||||
| For the year | ended 31October 2022 | 1Nov 2021 f |
Income f |
Expenditure f |
losses f |
31Oct 2022 f |
|
| Unrestricted | funds | ||||||
| Unrestricted | funds | 263,362 | 364,721 | (299,671) | 16,626 | 345,038 | |
| Revaluation | Reserve | 93,472 | (64,594) | 28,878 | |||
| 356,834 | 364,721 | (299,671) | (47,968) | 373,916 | |||
| Restricted funds | 124,390 | 124,390 | |||||
| Total funds | 481,224 | 364,721 | (299,671) | (47,968) | 498,306 | ||
| Balance | Balance | ||||||
| as at | Gains and | as at | |||||
| For the year | ended 31 October 2021 | 1Nov 2020 f |
Income f |
Expenditure f |
losses f |
31Oct 2021 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 | |||||
| Total funds | 468,031 | 30,326 | (72,305) | 55,172 | 481,224 |
| NOTES TO THE ACCOUNTS FOR THE YEAR E | NDED 31OCTOBER | 2022 | |||
|---|---|---|---|---|---|
| 19 | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| Unrestricted | Revaluation | Restricted | Total funds | ||
| As at31October 2022 | funds f |
reserve f |
funds f |
2022 f |
|
| Tangible fixed assets Inalienable assets |
205 | 205 | |||
| Investments Current assets Current liabilities Non current liabilities Total net assets |
261,014 114,332 (26,568) (3,945) 345,038 |
28,878 28,878 |
124,390 124,390 |
124,390 289,892 114,332 (26,568) (3,945) 498,306 |
| Unrestricted | Revaluation | Restricted | Total funds | |
|---|---|---|---|---|
| Asat31October 2021 | funds f |
reserve | funds | 2021 f |
| Tangible fixed assets Inalienable assets |
820 | 820 | ||
| Investments Current assets Current liabilities Non current liabilities Total net assets |
272,320 28,773 (35,314) (3,237) 263,362 |
93,472 93,472 |
124,390 124,390 |
124,390 365,792 28,773 (35,314) (3,237) 481,224 |