|||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|5| |Report ofthe Independent
Auditors|6|to|7| |Statement ofFinancial Activities|||| |Balance Sheet|9|to|11| |Cash Flow Statement||12|| |Notes to the Cash Flotv Statement||13|| |Notes to the Financial Statements|14|to|25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||for the|Year Ended 31October|2020|| |---|---|---|---|---|---| |||||31.10.20|31.10.19| |||||Unrestricted|Total| |||||fund|funds| ||||Notes||| |INCOME AND ENDOWMENTS||FROM|||| |Charitable
activities|||||| |Annual
Agricultural
Show||||73,551|775,379| |Other trading
activities||||152,211|221,965| |Investment
income||||74,856|72,547| |Total||||300,618|1,069,891| |EXPENDITURE ON|||||| |Raising funds||||185,390|281,043| |Charitable
activities|||||| |Annual
Agricultural
Show||||166,074|835,647| |Total||||351,464|1,116,690| |Net gains on investments|||||78,500| |NET INCOME/(EXPENDITURE)||||(50,846)|31,701| |Other recognised
gains/(losses)
Gains,'(losses) on revaluation
offixed assets|||||~63,265)| |Net movement
in funds||||(50,846)|(31,564)| |RECONCILIATION
OF FUNDS|||||| |Total funds brought
fomvard||||3,823,365|3,854,929| |TOTAL FUNDS CARRIED|FORWARD|||3,772,519|3,823,365| ## ||||Consolidated|Balance Sheet||| |---|---|---|---|---|---|---| ||||31October 2020|||| ||||||31.10,20|31.10.19| ||||||Unrestricted|Total| ||||||fund|funds| ||||Notes||f|| |FIXED|ASSETS|||||| |Tangible|assets||12||2,854,152|2,875,288| |Investment
property|||13||1,021,300|1,021,300| ||||||3,875,452|3,896,588| |CURRENT ASSETS||||||| |Stocks|||14||12,939|14,200| |Debtors|||15||123,532|102,672| |Cash at|bank and in hand||||28,391|65,526| ||||||164,862|182,398| |CREDITORS||||||| |Amounts|falling due within|one year|16||(205,389)|(252,883)| |NET CURRENT ASSETS|||||~40,527)|(70,485)| |TOTAL|ASSETSLESSCURRENT|||||| |LIABILITIES|||||3,834,925|3,826,103| |CREDITORS||||||| |Amounts|falling due after more than one year||17||(62,406)|(2,738)| |NET ASSETS|||||~3,772 519|3,823,365| |FUNDS|||20|||| |Unrestricted
funds|||||3,772,519|3,823,365| |TOTALFUNDS|||||3,772,519|3,823,365| ## |||Charity Balance Sheet||| |---|---|---|---|---| |||31October 2020||| ||||31.10.20|31.10.19| ||||Unrestricted|Total| ||||fund|funds| |FIXED|ASSETS|||| |Tangible|assets||2,846,684|2,866,502| |investment
property|||1,021,300|1,021,300| ||||3,867,984|3,887,802| |CURRENT ASSETS||||| |Stocks|||9,678|10,650| |Debtors|||140,177|114,461| |Cash at|bank and in hand||4,305|51,161| ||||154,160|176,272| |CREDITORS||||| |Amounts|faging due within one year||(197,827)|(239,661)| |NKT CURRENT ASSETS|||~43,667)|~63,389)| |TOTAL|ASSETSLESSCURRENT|||| |LIABILITIES|||3,824,317|3,824,413| |CREDITORS||||| |Amounts|falling due atter more than one year||(45,000)|(2,738)| |NET ASSETS|||3,779,317|3,821,675| |FUNDS||||| |Unrestricted
funds|||~3779,317|3,821 675| |TOTAL|FUNDS||3,779317|3,821,675| ## ## ## ## |||||for the Year Ended|31October 2020|| |---|---|---|---|---|---|---| ||||||31.10.20|31.10.19| |||||Notes||| |Cash flows from operating||activities||||| |Cash generated
from operations|||||(99,466)|(9,572)| |Interest paid||||||(56)| |Interest element ofhire purchase
payments||||||| |paid|||||~194)|| |Net cash used in operating||activities|||(99,660)|~9,628)| |Cash flows from investing||activities||||| |Purchase oftangible
fixed|assets||||(2,550)|(18,140)| |Interest received||||||11| |Net cash used in investing|activities||||~2,550)|(18,129)| |Cash tlows from financing||activities||||| |New loans
in year|||||69,340|| |Capital repayments
in year|||||~4,265|3,874| |Net cash provided
by/(used||in) financing||activities|65,075|~3,874)| |Change in cash and cash|equivalents||in|||| |the reporting
period|||||(37,135)|(31,631)| |Cash and cash equivalents||at the||||| |beginning
ofthe reporting||period|||65,526|97,157| |Cash and cash equivalents||at the end|of|||| |the reporting
period|||||28,391|65,526| ## ## ## ## |||||||31.10.20|31.10.19| |---|---|---|---|---|---|---|---| ||||||||f| |Net (expenditure)/income
Statement ofFinancial
Adjustments
for:||for the reporting
Activities)||period (as per the||(50,846)|31,701| |Depreciation
charges||||||23,685|26,555| |Losses on investments|||||||(78,500)| |Interest received|||||||(11)| |Interest paid|||||||56| |Interest element ofhire|purchase||and finance|lease rental payments||194|| |Decrease in stocks||||||1,261|660| |Increase in debtors||||||(20,860)|(28,320)| |(Decrease)/increase
in|creditors|||||~52,900|38287| |Net cash used in operations||||||~99,466)|~9,572)| |ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)|||||||| ||||||At 1.11.19|Cash flow|At 31.10.20| |Net cash|||||||| |Cash at bank and in hand|||||65,526|~37,135|28,391| ||||||~65 526|~37,135|28,391| |Debt|||||||| |Finance leases|||||(7,197)|4,265|(2,932)| |Debts falling due within
Debts falling due after|1 year
1 year|||||(6,934)
~62,406|(6,934)
~62,406| |||||||~65,075|72 272| |Total|||||58,329|(1~02210|43,881| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |OTHER TRADING ACTIVITIES||| |---|---|---| ||31.10.20|31.10.19| |Rental Income & Service Charge|84,082|81,367| |Other Activities|27,654|63,235| |Government
Covid Grants|21,332|| |Subsidiary
Trading Activity|19,143|77,363| ||152,211|221,965| |INVESTMENT INCOME||| ||31.10.20|31.10.19| |Rents received|74,856|72,536| |Deposit account interest||ll| ||74,856|72,547| ## ## ## ## |4.|INCOME F||ROM|CHAR|ITABLE ACTIVITIES|||| |---|---|---|---|---|---|---|---|---| ||||||||31.10.20|31.10.19| ||||||||Annual|| ||||||||Agricultural|Total| ||||||||Show|activities| ||Show Income||||||32,214|775,379| ||Government|Covid||Grants|||41,337|| ||||||||73,551|775,379| ||Grants received, included||||in the above, are as follows:|||| ||||||||31.10.20|31.10.19| ||||||||f|6| |5.|RAISING FUNDS|||||||| ||Other trading||activities|||||| ||||||||31.10.20|31.10.19| ||||||||f|f| ||Staffcosts||||||46,871|76,124| ||Sundries||||||664|7| ||Bank Charges||||||1,274|2,320| ||Premises Expenses||||||65,271|83,237| ||Administrative||expenses||||20,642|18,400| ||Maintenance|Costs|||||11,270|25,770| ||Other Direct|Costs|||||863|7,859| ||Subsidiary
Trading|||Expenses|||14,139|45,368| ||Professional|fees||||||8,069| ||Accountancy||fees||||1,092|1,330| ||Bad Debt||||||11,991|| ||Depreciation||||||11,184|12,503| ||Interest payable
and|||similar charges|||129|56| ||||||||185,390|281,043| |6.|CHARITABLF. ACTIVITIES COSTS|||||||| ||||||||Support|| |||||||Direct|costs (see|| |||||||Costs|note 7)|Totals| ||Annual
Agricultural|||Show||~130914|35,160|166,074| ## ## |SUPPORT COSTS|||||| |---|---|---|---|---|---| |||||Governance|| ||||Management|cost's|Totals| |Annual
Agricultural
Show|||26,648|8,512|35,160| |NET INCOME/(EXPENDITURE)|||||| |Net income/(expenditure)|is stated after charging/(crediting):||||| |||||31.10.20|31.10.19| ||||||f| |Auditors'
remuneration||||2,217|2,260| |Auditors'
remuneration|for non audit|work|||157| |Other non-audit
services||||2,024|3,318| |Depreciation —owned assets||||21,800|24,459| |Depreciation —assets on|hire purchase|contracts and finance leases||1,886|2,096| ## ## ## ||||||||| |---|---|---|---|---|---|---|---| |REMUNERATION|RECEIV|ED|BYK|EYMANAGEMENT|PERSONNEL||| |||||||31.10.20|31.10.19| |Wages and salaries||||||140,186|250,876| |Social security costs||||||11 884|13994| |||||||152,070|264,870| |The average number|ofemployees||during|the year was as follows:|||| |||||||31.10.20|31.10.19| |Average number of|temporary|staff for August||||Nil|9| |Monthly staff||||||5|8| ## ## ## |COMPARATIVES FOR T|HK ST|ATEMENT OF FINANCIAL AC|TIVITIES| |---|---|---|---| ||||Unrestricted| ||||fund| |INCOME AND ENDOWMENTS||FROM|| |Charitable
activities|||| |Annual
Agricultural
Show|||775,379| |Other trading activities|||221,965| |Investment
income|||72,547| |Total|||1,069,891| |EXPENDITURE ON|||| |Raising funds|||281,043| |Charitable
activities|||| |Annual
Agricultural
Show|||835,647| |Total|||1,116,690| |Net gains on investments|||78,500| |NET INCOME|||31,701| |Other recognised
gains/(losses)
Gains/(losses)
on revaluation
offixed assets|||~63,265)| |Net movement
in funds|||(31,564)| |RECONCILIATION
OF FUNDS|||| |Total funds brought
fomvard|||3,854,929| |TOTAL FUNDS CARRIED|FORWARD||3,823,365| ## ## |TANGIBLE FIXED ASSETS|||| |---|---|---|---| ||Freehold|Plant and|| ||property
f|machinery
f|Tractors
f| |COST|||| |At
1 November
2019|2,641,451|309,174|5,519| |Additions|2,550||| |At 31 October 2020|2,644,001|309,174|5,519| |DEPRECIATION|||| |At
1 November
2019||113,364|2,066| |Charge for year||19,444|346| |At 31 October 2020||132,808|2,412| |NET BOOK VALUE|||| |At 31 October 2020|2,644,001|176,366|3,107| |At 31 October 2019|2,641,451|195,810|3,453| |||PAS|| ||Motor|Promotions|| ||vehicles|Plant|Totals| |COST|||| |At 1 November
2019|38,249|13,476|3,007,869| |Additions|||2,550| |At 31 October 2020|38,249|13,476|3,010,419| |DEPRECIATION|||| |At
1 November
2019|12,461|4,690|132,581| |Charge for year|2,578|1 318|23,686| |At 31 October 2020|15,039|6,008|156,267| |NET BOOK VALUE|||| |At 31October 2020|23,210|7,468|2,854,152| |At 31 October 2019|25,788|8 786|2,875,288| ## ## |||Motor| |---|---|---| |||vehicles| ||COST|| ||At
1 November
2019and 31 October 2020|28,750| ||DEPRECIATION|| ||At
1 November
2019|9,888| ||Charge for year|1,886| ||At 31 October 2020|11 774| ||NET BOOK VALUE|| ||At 31 October 2020|16,976| ||At 31 October 2019|18,862| |13.|INVESTMENT PROPERTY|| ||FAIR VALUE|| ||At
1 November
2019|| ||and 31 October 2020|1,021,300| ||NET BOOK VALUF.|| ||At 31October 2020|1,021,300| ||At 31October 2019|1,021,300| |14.|STOCKS|||||| |---|---|---|---|---|---|---| ||||Charity|Charity|Group|Group| ||||31.10.20|31.10.19|31.10.20|31.10.19| ||||f|||| ||Stocks||9,678|10,650|12,939|14,200| |15.|DEBTORS:AMOUNTS FALLING DUK WITHIN ONK|||YEAR||| ||||Charity|Charity|Group|Group| ||||31.10.20|31.10.19|31.10.20|31.10.19| ||||6|||| ||Trade debtors||111,678|81,926|112,491|88,714| ||Other debtors||4,871|8,359|4,871|8,359| ||PAS Promotions|Inter co a/c|17,458|18,577||| ||Prepayments||6,170|5,599|~6170|5,599| ||||140,177|114,461|123.532|102,672| ## ## ## |16.|CREDITORS:|AMOUN|T|S|FALLING DU|E WITH|IN ONK YE|AR||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Charity|Charity|Group|Group| ||||||||31.10.20|31.10.19|31.10.20|31.10.19| ||||||||||f|f| ||Bank loans and|overdrails||(see note 18)|||5,000||6,934|| ||Hire purchase
(see note 19)||||||2,932|4,459|2,932|4,459| ||Trade creditors||||||26,205|118,034|27,238|122,048| ||Social security|and other|taxes||||15,728|5,134|15,728|5,134| ||VAT||||||52,285|69,539|52,285|69,539| ||Other creditors||||||12,592|2,345|12,592|2,345| ||Accrued expenses||||||16,460|23,876|21,055|33,084| ||Accrued Income||||||66,625|16,274|66,625|16,274| ||||||||197827|239,661|205,389|252,883| |17.|CREDITORS:|AMOUNTS|||FALLING DUE AFTER MORE THAN ONE||||YEAR|| ||||||||Charity|Charity|Group|Group| ||||||||31.10.20|31.10.19|31.10.20|31.10.19| ||Bank loans (see note 18)||||||45,000||62,406|| ||Hire purchase
(see note 19)|||||||2,738||2,738| ||||||||45,000|2,738|62,406|~2738| |18.|LOANS|||||||||| ||An analysis ofthe maturity|||ofloans is given||below:||||| ||||||||||31.10.20|31.10.19| ||Amounts
falling|due within||one year on demand:||||||| ||Bank loans||||||||6,934|| ||Amounts
falling|between|one||and two years:|||||| ||Bank loans - 1-2years||||||||6,934|| ||Amounts
falling|due between|||two and five years:|||||| ||Bank loans
- 2-5 years||||||||20,802|| ||Amounts
falling|due in more than five years:||||||||| ||Repayable
by instalments:|||||||||| ||Bank loans more 5 yr by instal||||||||34,670|| |19.|LEASING AGRKKMKNTS|||||||||| ||Minimum
lease|payments|under hire purchase|||fall due|as follows:|||| ||||||||||31.10.20|31.10.19| |||||||||||f| ||Net obligations|repayable:||||||||| ||Within one year||||||||2,932|4,459| ||Between one and five years|||||||||2,738| ||||||||||2,932|7,197| ## ## ## |MOVEM|ENT|IN FUNDS||||| |---|---|---|---|---|---|---| ||||||Net|| |||||At|movement|At| |||||1.11.19|tn funds|31.10.20| |Unrestricted||funds||||| |General|fund|||3,823,365|(50,846)|3,772,519| |TOTAL|FUNDS|||3,823,365|~50,846)|3,772,519| |Net mo;|ement|in funds, included|in the above are as folloivs:|||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||||f| |Unrestricted||funds||||| |General|fund|||300,618|(351,464)|(50,846)| |TOTAL|FUNDS|||300,618|(351,464)|~50,846)| ## |||||||Net|| |---|---|---|---|---|---|---|---| ||||||At|movement|At| ||||||1.11.18|in funds|31.10.19| |Unrestricted||funds|||||| |General|fund||||3,854,929|(31,564)|3,823,365| |TOTAL|FUNDS||||~3854,929|~31,564)|3,823,365| |Comparative||net movement|in funds, included|in the above are as folloivs:|||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |Unrestricted||funds|||||| |General|fund|||1,069,891|(1,116,690)|15,235|(31,564)| |TOTAL|FUNDS|||1,069,891|~I, I I6,690)|15,235|~31,564)| ## ## ## |||||Net|| |---|---|---|---|---|---| ||||At|movement|At| ||||1.11.18|in funds|31.10.20| ||||I|f.|f| |Unrestricted||funds|||| |General|fund||3,854,929|(82,410)|3,772,519| |TOTAL|FUNDS||3,854,929|~82,410)|3,772,519| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| ||||||f|| |Unrestricted||funds||||| |General|fund||1,370,509|(1,468,154)|15,235|(82,410)| |TOTAL|FUNDS||1,370,509|(1 468,154)|15,235|~82,4 10)| ## ## ## ## ## ## |Profit and Loss|Account|Year ended|Year ended| |---|---|---|---| |||31.10.20|31.10.19| ||||f| |Turnover||19,143|77,363| |Cost ofSales||5,555|25,891| |Gross Profit||13,588|51,472| |Administrative
Expenses
Operating
Profit (Loss) before tax
Tax on loss||(8,489)
22,077|(581)
~627
62 073| |Profit (Loss) for|the financial year|8,489|46| |Balance Sheet||Year ended|Year ended| |||31.10.20|31.10.19| |Tangible Fixed Assets||7,467|8,785| |Stocks||3,261|3,550| |Debtors||812|6,788| |Cash at bank in hand||24 086|14,365| |Creditors due within
one year||(25,019)|(31,797)| |Provisions
for liabilities|||| |Total Assets less|Current Liabilties|10,607|1,691| |Liabilities
due after one year||(17,406)|| |Net (Liabilities)|/ Assets|6,799|1,691| |CAPITAL AND|RESERVES||| |Called up share capital
Retained
earnings||2
~6.807|2
1,689| |||6,799|1,691|