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|CONTENTS||PAGE|
|---|---|---|
|Reference and administrative
information|||
|Trustees'
annual
report|||
|Chief Executive's annual
report|||
|Auditors'
report to the Trustees|||
|Statement offinancial activities|||
|(including
Income and Expenditure|account)||
|Balance sheet||13|
|Notes to the financial statements||14|
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|YEAR ENDED 31 OCTOBE|R|2022||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2022|2021|
|Note|||E|F|6|
|INCOME||||||
|Income from generated||||||
|funds:||||||
|Donations and legacies||||||
|Subscriptions||27,586||27,586|26,484|
|Donations||||||
|income from other||||||
|trading activities||||||
|Grazing and land letting,||||||
|etc||93,629||93,629|66,252|
|Room hire||3,167||3,167|1,038|
|Investment
income||||||
|Investment
income||48,837||48,837|44,449|
|Interest receivable||182||182|24|
|income from charitable||||||
|activities||632,143|46,464|678,607|698,408|
|Other operating income||||||
|Job Retention Scheme||||||
|income|||||1,694|
|TOTAL INCOMING||||||
|RESOURCES||805,544|46,464|852,008|838,349|
|EXPENDITURE||||||
|Costs on raising funds||||||
|Grazing and land letting, etc||15,613||15,613|20,309|
|Room hire||41,811||41,811|28,211|
|Investment
manager fees||12,746||12,746|13,013|
|Charitable
activities||828,877|46,464|875,341|665,945|
|TOTAL EXPENDITURE|4|899,047|46,464|945,511|727,478|
|NET
INCOME/EXPENDITURE||||||
|BEFORE INVESTMENTS||(93,503)||(93,503)|110,871|
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|YEAR ENDED 31 OCTOBE|R 2022||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total Funds|Total Funds|
||Funds|Funds|2022|2021|
|Note||6|||
|NET INCOME /EXPENDITURE|||||
|BEFORE INVESTMENTS|||||
|CARRIED FORWARD|(93,503)||(93,503)|110,871|
|Realised gains/(losses)|||||
|on disposal offixed asset|||||
|investments|(19,727)||(19,727)|34,969|
|Unrealised
(losses)/gains|||||
|on revaluation
of|||||
|investments|(259,171)||(259,171)|338,101|
|Unrealised
gain on|||||
|revaluation
of investment|||||
|property|140,000||140,000||
|NET MOVEMENT
IN FUNDS|||||
|RELATING TO THE YEAR|(232,401)||(232,401)|483,941|
|Balances brought forward|4,703,769||4,703,769|4,219,828|
|Balances carried forward|4,471,368||4,471,368|4,703,769|
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|31OCTOBER2|022||||||
|---|---|---|---|---|---|---|
||||Note|31"October||31"October|
||||||2022|2021|
|||||6|F||
|FIXEDASSETS|||||||
|Tangible assets|||||2,141,614|2,006,609|
|Intangible
assets|||||||
|Investments|||||1,985,962|2,261,393|
|Investment
Property|||||343,618|343,618|
||||||4,471,194|4,611,620|
|CURRENT ASSETS|||||||
|Debtors|||10|194,043||108,550|
|Investments|||11|17,479||19,380|
|Stock||||||370|
|Cash at bank and|in hand|||257,181||457,376|
|||||468,703||585,676|
|CREDITORS: Amounts||falling due within one|||||
|year|||12|(370,523)||(351,165)|
|NET CURRENT ASSETS|||||98,180|234,511|
|TOTAL ASSETS|LESSCURRENT LIABILITIES||||4,569,374|4,846,131|
|CREDITORS: Amounts||falling due after more|||||
|than one year|||13||(98,006)|(142,362)|
|NET ASSETS|||||4,471,368|4,703,769|
|FUNDS|||||||
|Unrestricted:|||||||
|Designated
funds|||14||577,404|895,119|
|Other charitable|funds||||3,893,964|3,808,650|
||||||4,471,368|4,703,769|
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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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|TOTAL EXPENDITURE|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total Funds|Total Funds|
||Funds|Funds|2022|2021|
|||6||6|
|Activities for generating|||||
|funds|70,170||70,170|61,533|
|Show expenses|560,321||560,321|424,068|
|Room hire, courses etc|2,315||2,315|5,083|
|Other charitable expenses|243,363|46,464|289,827|219,038|
|Governance|22,878||22,878|17,756|
||899,047|46,464|945,511|727,478|
||Charitable|Charitable|Activities|Activities|Activities|||
|---|---|---|---|---|---|---|---|
|||Room||||||
|||hire,||||||
|||courses||||Total|Total|
||Show|etc|||Other|2022|2021|
||||E||8|6||
|Salaries|36,000||2,052||52,364|90,416|81,480|
|Office costs|17,876|||75|10,241|28,192|24,405|
|Subscriptions 8||||||||
|Donations|||||2,013|2,013|1,703|
|Legal 8 professional|||||1,187|1,187||
|Depreciation|||||57,924|57,924|60,071|
|Rural links|||||15,424|15,424|1,777|
|C Lambert Bursary|||||||175|
|Audit &||||||||
|accountancy fees|||||10,100|10,100|5,875|
|Training|||||491|491|907|
|Showground||||||||
|Proposals||||||||
|Bad debts written||||||||
|Off|||||247|247||
|Other expenses|506,445|||188|139,836|646,469|471,796|
||560,321||2,315||289,827|825,463|648,189|
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||The aver|age number ofs|taff em|ployed
by the charity during the fi|nancial year|amounted|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||No.|No.|
||Number|ofadministrative|staff||5|3|
||Other staff||||1|1|
||Total||||6|4|
|5.|NET INCOMING/(OUTGOING)|||RESOURCES FOR THE YEAR|||
||This is stated after charging:-||||||
||||||2022|2021|
||||||6||
||Depreciation||||57,924|60,071|
||Auditors'|remuneration|||||
||-Audit|services|||10,100|5,750|
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||Freehold|Freehold|Plant 8|Fixtures|Motor||
|---|---|---|---|---|---|---|
||Property||Equip't 8 Fittings||Vehicles|Total|
|||6||6|6|6|
|COST|||||||
|At 1 Nov 2021|2,786,168||272,317|36,761|16,228|3,111,474|
|Additions||12,554|40,376|||52,930|
|Transfer from|||||||
|Investment|||||||
|Property||140,000||||140,000|
|Disposals|||||||
|At 31 Oct 2021|2,938,722||312,693|36,761|16,228|3,304,404|
|DEPRECIATION|||||||
|At 1 Nov 2021||806,904|247,401|34,333|16,228|1,104,866|
|Charge for the|||||||
|year||40,338|15,641|1,945||57,924|
|Disposals|||||||
|At 31Oct 2021||847,242|263,042|36,278|16,228|1,162,790|
|NET BOOK VALUE|||||||
|At 31Oct 2022|2,091,480||49,651|483||2,141,614|
|At 31 Oct 2021|1,979,264||24,916|2,428||2,006,608|
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|INTANGIBLE FIX|EDASSETS||
|---|---|---|
||Website|Total|
||8|6|
|COST|||
|At 1 Nov 2021|9,042|9,042|
|Additions|||
|Disposals|||
|At 31Oct 2022|9,042|9,042|
|DEPRECIATION|||
|At 1 Nov 2021|9,042|9,042|
|Charge for the|||
|year|||
|Disposals|||
|At 31 Oct 2022|9,042|9,042|
|NET BOOK VALUE|||
|At 31Oct 2021|||
|At 31 Dct 2020|||
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|VESTMENT P|ROPE|RTY||
|---|---|---|---|
||||Investment|
||||Property|
||||E|
|Cost orValuation||||
|At 1 November|2021||343,619|
|Revaluation
in|year||140,000|
|Transfer to tangible||fixed assets|(140,000)|
|At 31 October|2022||343,619|
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|DEBTORS||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||8||
|Trade debtors||||66,781|36,929|
|VAT recoverable||||28,319|18,828|
|Prepayments||||98,943|52,793|
|||||194,043|108,550|
|INVESTMENTS||||||
|||||2022|2021|
|Stockbroker|Dealing Account|||9,297|13,566|
|Stockbroker|Dealing Account-Bursary|||865|1,424|
|Stockbroker|Income Account|||539|(508)|
|Stockbroker|Income Account-Bursary|||6,778|4,898|
|||||17,479|19,380|
|CREDITORS: Amounts|||falling due within one year|||
|||||2022|2021|
|||||E||
|Bank loan||||17,440|17,440|
|CBILS loan||||30,000|30,000|
|Trade creditors||||131,375|78,297|
|PAYE, social|security|and pension||4,729||
|Accruals and|deferred|income||76,000|91,170|
|Funds held as custodian||||110,979|134,258|
|||||370,523|351,165|
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|||||Movement
in r|esources:|||
|---|---|---|---|---|---|---|---|
|||||New||||
|||||designationsl||||
||||Balance at|investment|Utilisedl|Investment|Balance at|
||||1 Nov 2021|income|Released|Revaluation|31 Oct 2022|
||||E|8|f|8|8|
|Chris Lambert||Bursary Fund|68,403|2,765|-|(114)|70,694|
|Farm and Food Business||||||||
|Development||and||||||
|Resource Centre|||12,805||(516)||12,289|
|Revaluation|Fund||814,271|||(319,850)|494,421|
||||895,119|2,765|(516)|(319,964)|577,404|
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|ANALYSIS OF NETASSETS BETW|EEN FUNDS —CURR|ENT YEAR|||
|---|---|---|---|---|
||General|Designated|Restricted|Total|
||Funds
f|Funds
f|Funds
f|Fundsf|
|Tangible fixed assets|1,989,325|152,289||2,141,614|
|Investments|1,560,847|425,115||1,985,962|
|Other net assets/(liabilities)|343,792|||343,792|
|Net assets at 31 October 2022|3,893,964|577,404||4,471,368|
|ANALYSIS OF NET ASSETSBETWEEN FUNDS —PRIOR YEAR|||||
||General|Designated|Total||
||Funds
f|Funds
f|Fundsf||
|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||
##
|ped
|iod the following trus|tees were invo|iced
b|
|---|---|---|---|
|||2022
f|2021
f|
|Miss L Bennett||237||
|Mr|JC Mason|25||
|Mr|D Martin|25||
|Mr|I K Grisedale|3,253|4,100|
|Mr|M H Robinson|25||
|Mr|N JSowerby|13||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||8|E|
|Financial|assets|||||||
|Financial|assets measured||at fair value|through|profit and|||
|loss||||||2,260,622|2,738,149|
|Financial|assets measured||at amortised|cost||194,043|108,920|
|Financial|liabilities|||||||
|Financial|liabilities|measured|at amortised cost|||(318,354)|(303,725)|
|||||||1,958,083|2,082,394|
##
|||2022|2021|
|---|---|---|---|
|||6|8|
|Not later than 1 year||2,701|2,701|
|Later than|1 year and not later than 5years|10,803|10,803|
|Later than|5years|13,431|16,132|
|||26,935|29,636|