2021-10-31-accounts

CONTENTS		PAGE
Reference and administrative information
Trustees' annual report
Chief Executive's annual report
Auditors' report to the Trustees
Statement of financial activities
(including Income and Expenditure	account)
Balance sheet		13
Notes to the financial statements		14

YEAR ENDED 31 OCTOBE	R	2021
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2021	2020
Note		6		6
INCOME
Income from generated
funds:
Donations and legacies
Subscriptions		26,484		26,484	19,074
Donations
income from other
trading activities
Grazing and land letting,
etc		66,252		66,252	50,466
Room hire		1,038		1,038	7,602
Investment income
Investment income		44,449		44,449	52,900
Interest receivable		24		24	23
income from charitable
activities		698,408		698,408	104,154
Other operating income
Job Retention Scheme
income		1,694		1,694	15,234
TOTAL INCOMING
RESOURCES		838,349		838,349	249,453
EXPENDITURE
Costs on raising funds
Grazing and land letting, etc		20,309		20,309	15,109
Room hire		28,211		28,211	38,075
Investment manager fees		13,013		13,013	7,550
Charitable activities		665,945		665,945	290,071
TOTAL EXPENDITURE	4	727,478		727,478	350,805
NET INCOME/EXPENDITURE
BEFORE INVESTMENTS		110,871		110,871	(101,352)

YEAR ENDED 31 OCTOBE	R 2021
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds	2021	2020
Note	E	E	E	E
NET INCOME /EXPENDITURE
BEFORE INVESTMENTS
CARRIED FORWARD	110,871		110,871	(101,352)
Realised gains/(losses)
on disposal offixed asset investments	34,969		34,969	(32,072)
Unrealised (losses)/gains
on revaluation of
investments	338,101		338,101	(69,049)
NET MOVEMENT IN FUNDS
RELATING TO THE YEAR	483,941		483,941	(202,473)
Balances brought forward	4,219,828		4,219,828	4,422,301
Balances carried forward	4,703,769		4,703,769	4,219,828

			Note	31"October 2021	Restated 31"October 2020
FIXEDASSETS
Tangible assets				2,006,609	1,999,462
Intangible assets
Investments				2,261,393	1,885,696
Investment Property				343,618	343,618
				4,611,620	4,228,776
CURRENT ASSETS
Debtors			10	108,550	84,728
Investments			11	19,380	24,811
Stock				370	448
Cash at bank and	in hand			457,376	291,093
				585,676	401,080
CREDITORS: Amounts		falling due within one
year			12	(351,165)	(231,822)
NET CURRENT ASSETS				234,511	169,258
TOTAL ASSETS	LESSCURRENT LIABILITIES			4,846,131	4,398,034
CREDITORS: Amounts		falling due after more
than one year			13	(142,362)	(178,206)
NET ASSETS				4,703,769	4,219,828
FUNDS
Unrestricted:
Designated funds			14	895,119	624,134
Other charitable	funds			3,808,650	3,595,694
				4,703,769	4,219,828

e useful e	conomic life of	that asset as foll	ows:
Freehold	Buildings	Over 5 -50	years
Plant and	Machinery	20%Straight	Line
Fixtures and Fittings		20%Straight	Line
Motor Vehicles		25%Straight	Line
Roads		20%Straight	Line
Computer	Equipment	33% - 50% Straight Line
Website		33.3%Straight Line

	Value 31"October	Value 31"October	Value 31"October	Income	Income
	2021	f	2020f	2021	2020f
UK quoted investments	2,257,964		1,882,430	44,449	52,900
B4RN investment	3,429		3,266
	2,261,393		1,885,696	44,449	52,900
In 2020, the total income from Investments		off52,900was to		unrestricted funds.
Movement in market value				2021f	2020
Market value at 1 November 2020				1,882,430	2,102,461
Acquisitions at cost				310,366	116,458
Disposals at opening book value				(272,933)	(267,440)
Net (losses)/gains on revaluations	in the period
ended 31 October 2021				338,101	(69,049)
Market value at 31 October 2021				2,257,964	1,882,430
Historical cost at 31 October 2021				1,450,338	1,333,820

TOTAL EXPEND	ITU	RE
			Unrestricted		Restricted	Total Funds Total Funds
				Funds	Funds	2021 2020
				6	6		8
Activities for generating funds				61,533		61,533 60,734
Show expenses Room hire, courses		etc		424,068 5,083		424,068 5,083 39,521 6,149
Other charitable Governance	expenses			219,038 17,756		219,038 17,756 219,260 25,141
				727,478		727,478 350,805
In 2020, expenditure		of	6337,851	was to unrestricted funds,		and F12,954was to restricted
			Charitable Activities
				Room
				hire,
				courses		Total	Total
			Show	etc	Other	2021	2020
			6	6	E	8	E
Salaries			34,500	4,977	42,003	81,480	81,790
Office costs			15,833	50	8,522	24,405	14,215
Subscriptions & Donations					1,703	1,703	1,998
Legal &professional
Depreciation Rural links					60,071 1,777	60,071 1,777	64,395 2,170
C Lambert Bursary					175	175	3,412
Audit &
accountancy fees Training					5,875 907	5,875 907	5,460 1,368
Showground
Proposals
Bad debts written
Off
Other expenses			373,735	56	98,005	471,796	90,122
			424,068	5,083	219,038	648,189	264,930

	The avera	ge number ofs	taff em	ployed by the charity during the fi	nancial year	amounted
					2021	2020
					No.	No.
	Number	of administrative	staff		3	4
	Other staff					1
	Total				4	5
5.	NET INCOMING/(OUTGOING)			RESOURCES FOR THE YEAR
	This is stated after charging:-
					2021	2020
					6
	Depreciation				60,071	64,395
	Auditors'	remuneration
	-Audit	services			5,750	5,500

TANGIBLE FIXE	DASSETS
	Freehold	Plant &	Fixtures	Motor	Restated
	Property	Equip't	8 Fittings	Vehicles	Total
	E	E	E	E
COST
At 1 Nov 2020	2,720,847	288,142	47,257	16,228	3,072,474
Additions	65,321	1,897			67,218
Disposals		17,722	10,496		28,218
At 31 Oct 2020	2,786,168	272,317	36,761	16,228	3,111,474
DEPRECIATION
At 1 Nov 2020	768,764	245,137	42,884	16,228	1,073,013
Charge for the
year	38,140	19,986	1,945		60,071
Disposals		17,722	10,496		28,218
At 31 Oct 2020	806,904	247,401	34,333	16,228	1,104,866
NET BOOK VALUE
At 31Oct 2021	1,979,264	24,916	2,428		2,006,608
At 31 Oct 2020	1,952,083	43,005	4,373		1,999,461

INTANGIBLE FIX	EDASSETS
	Website	Total
		E
COST
At 1 Nov 2020	9,042	9,042
Additions
Disposals
At 31Oct 2021	9,042	9,042
DEPRECIATION
At 1 Nov 2020	9,042	9,042
Charge for the
year
Disposals
At 31 Oct 2021	9,042	9,042
NET BOOK VALUE
At 31Oct 2021
At 31 Oct 2020

DEBTORS
			2021	2020
			6
Trade debtors			36,929	19,357
VAT recoverable			18,828	28,201
Prepayments			52,793	37,170
			108,550	84,728
INVESTMENTS
			2021	2020
			6
Stockbroker	Dealing Account		13,566	21,154
Stockbroker	Dealing Account-Bursary		1,424	273
Stockbroker	Income Account		(508)	160
Stockbroker	Income Account-Bursary		4,898	3,224
			19,380	24,811
CREDITORS: Amounts		falling due within one year
			2021	2020
Bank loan			17,440	17,440
CBILSloan			30,000	10,000
Trade creditors			78,297	34,293
PAYE, social	security and pension		0	1,846
Accruals and	deferred income		91,170	66,183
Funds held as custodian			134,258	102,060
			351,165	231,822

13.	CREDITORS: Amounts	falling due after one year
			2021	2020
			E
	Bank loan		29,862	38,206
	CBIIS loan		112,500	140,000
			142,362	178,206

			Movement in r	esources:
			New
		Balance at	designationsl investment	Utilisedl	Investment	Balance at
		1 Nov 2020	income	Released	Revaluation	31 Oct 2021
		E	E	E	E	E
Chris Lambert Bursary Fund		62,203	2,373	(175)	3,641	68,043
Farm and Food Business
Development	and
Resource Centre		13,321		(516)		12,805
Revaluation	Fund	548,610			265,661	814,271
		624,134	2,373	(691)	269,302	895,119

				Movement in r	esources:
				New
				designationsl
			Balance at	investment	Utilisedl	Investment	Balance at
			1 Nov 2019	income	Released	Revaluation	31Oct 2020
			E	8	E	8	8
Chris Lambert		Bursary Fund	65,801	3,255	(3,412)	(3,441)	62,203
Farm and Food Business
Development		and
Resource Centre			13,837		(516)		13,321
Revaluation	Fund		731,476			(182,866)	548,610
Building fund
			811,114	3,255	(3,928)	(186,307)	624,134

ANALYSIS OF NET ASSETS BETW	EEN FUNDS —CURR	ENT YEAR
	General	Designated	Restricted	Total
	Funds	Funds	Funds	Funds
	8	8		8
Tangible fixed assets	1,993,804	12,805		2,006,609
Investments	1,379,079	882,314		2,261,393
Other net assets/(liabilities)	435,767			435,767
Net assets at 31 October 2021	3,808,650	895,119		4,703,769
ANALYSIS OF NETASSETS BETWEEN FUNDS —PRIOR YEAR

ANALYSIS OF NETASSETS BETWE	EN FUNDS —PRIO	R YEAR
	General	Designated	Total
	Funds	Funds	Funds
	8	8	E
Tangible fixed assets	2,329,759	13,321	2,343,080
Investments	1,274,883	610,813	1,885,696
Other net assets/(liabilities)	(8,948)		(8,948)
Net assets at 31 October 2020	3,595,694	624,134	4,219,828

		2021	2020
		6	F
Miss L Bennett			25
Mr	J A Dixon		210
Mr	D Martin		25
Mr	I K Grisedale	4,100	625

					2021f	2020
Financial	assets
Financial loss Financial	assets measured assets measured	at fair value at amortised	through cost	profit and	2,738,149 108,920	2,201,600 85,176
Financial	liabilities
Financial	liabilities measured	at amortised cost			(303,725)	(204,382)
					2,082,394	2,082,394

			2021f	2020
Not later than 1 year Later than 1 year and not later than 5years Later than 5years			2,701 10,803 16,132	1,733 6,932 16,897
			29,636	25,562