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|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|
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|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)|
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|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|
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|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||
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||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|
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|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|
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||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|
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|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|||
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|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|
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|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|
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||||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|
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|||||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|
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|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|
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||||||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|