||||Page|| |---|---|---|---|---| |Report ofthe Trustees||I|to|6| |Report ofthe Independent
Auditors||7|to|8| |Statement of Financial|Activities|||| |Balance Sheet||10|to|12| |Cash Flow Statement|||13|| |Notes to the Cash Flow Statement|||14|| |Notes to the Financial|Statements|15|to|25| |Detailed Statement of|Financial Activities|26|to|27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||for t|he Year Ended 31Octobe|r 2021|| |---|---|---|---|---|---| |||||31,10.21|31.10.20| |||||Unrestricted|Total| |||||fund|funds| ||||Notes||| |INCOME AND ENDOWMENTS||FROM|||| |Charitable
activities|||||| |Annual
Agricultural|Show|||134,939|73,551| |Other trading activities||||141,916|152,211| |Investment
income||||75,484|74,856| |Total||||352,339|300,618| |EXPENDITURE ON|||||| |Raising funds||||129,593|185,390| |Charitable
activities|||||| |Annual
Agricultural|Show|||90,282|166,074| |Edates Accounts||||2,629|| |Total||||222,504|351,464| |NET INCOME/(EXPENDITURE)||||129,835|(50,846)| |RECONCILIATION|OF FUNDS||||| |Total funds brought|forward|||3,772,519|3,823,365| |TOTAL FUNDS CARRIED FORWARD||||3,902,354|3,772,519| ## |Pembro|keshire
Agric|ultural
Society Ltd||| |---|---|---|---|---| ||Consolidated|Balance Sheet||| ||31 October 2021|||| ||||31.10.21|31.10.20| ||||Unrestricted|Total| ||||fund|funds| ||Notes|||| |FIXEDASSETS||||| |Tangible assets
Investment
property|12
13||2,838,113
~1022,650|2,854,152
~1,021 300| ||||3,860,763|3,875,452| |CURRENT ASSETS||||| |Stocks
Debtors
Cash at bank and in hand|14
15||11,708
2!5,971
~53690|12,939
123,532
28,391| ||||281,369|164,862| |CREDITORS||||| |Amounts
falling due ivithin one year|16||(180,084)|(205,389)| |NET CURRENT ASSETS|||101285|~40 527)| |TOTAL ASSETS LESSCURRENT||||| |LIABILITIES|||3.962,048|3,834,925| |CRLDITORS||||| |Amounts
falling due aher more thon nne year|17||(59,694)|(62,406)| |NFT ASSETS|||~3.902354|3,772,519| |FUNDS|20|||| |Unrestricted
fiinds|||~3902,354|3.772,519| |TOTAL FUNDS|||3,902,354|~3,772 519| ## ## ||31.10.21|31.10.20| |---|---|---| ||Unrestricted|Total| ||fund|funds| |FIXEDASSETS||| |Tangible assets
Investment
property|2,832,294
1,022,650|2,846,684
1.021 300| ||3,854,944|3,867,984| |CURRENT ASSETS||| |Stocks
Debtors
Cash at bank and in hand|8,857
232,788
~25 420|9,678
140,177
4 305| ||267,065|154,160| |CREDITORS||| |Amounts
falling due within one year|(166,330)|(197,827)| |NET CURRENT ASSETS|100,735|~43 667)| |TOTAL ASSETSLESSCURRENT||| |LIABILITIES|3,955,679|3,824,317| |CREDITORS||| |Amounts
falling due after more than one year|(43,057)|(45,000)| |NET ASSETS|3,912,622|3,779,317| |PUNDS||| |Unrestricted
funds|~3,912622|3,779,317| |TOTAL FUNDS|3,912,622|~3779,317| ## ## ## ||||Pe|mbrokesh|ire
Agricultural
Socie|ty Ltd|| |---|---|---|---|---|---|---|---| ||||||Cash Flow Statement||| |||||for the|Year Ended 31October|2021|| |||||||31.10.21|31.10.20| |||||Notes|||| |Cash flows from operating||activities|||||| |Cash generated
from operations
Interest element ofhire purchase
payments
paid||||||44,631
~76)|(99,466)
~194)| |Net cash provided
by/(used||in) operating||activities||44 555|~99,660)| |Cash flows from investing||activities|||||| |Purchase oftangible
fixed assets
Purchase ofinvestment
property||||||(13,045)
~1350|(2,550)| |Net cash used in investing|activities|||||~I4 395)|~2,550)| |Cash flows from financing||activities|||||| |New loans in year
Loan repayments
in year
Capital repayments
in year||||||(1,929)
~2,932)|69,340| |Net cash (used in)/provided||by financing||activities||~4,861)|~65 075| |Change
in cash and cash equivalents|||in||||| |the reporting
period
Cash and cash equivalents||at the||||25,299|(37,135)| |beginning
ofthe reporting||period||||28,391|65,526| |Cash and cash equivalents||at the end|of||||| |the reporting
period||||||53690|28,391| ## ## ## |||||||||31.10.21|31.10.20| |---|---|---|---|---|---|---|---|---|---| ||Net income/(expenditure)
for the reporting
Statement ofFinancial Activities)
Adjustments
for:|||||period (as per the||129,835|(50,846)| ||Depreciation
charges
Interest element ofhire
Decrease in stocks
Increase
in debtors
Decrease in c editors|purchase|||and finance lease rental payments|||29,085
76
1,231
(92,439)
~23.157)|23,686
194
1,261
(20,860)
~52 901| ||Net sash provided
by/(used||in)||operations|||44,631|~99,466)| |2.|ANALYSIS OF CHANGES|||114NET DEBT|||||| |||||||At|1.11.20|Cash iloiv|At 31.10.21| ||Net cash||||||||| ||Cash at bank and in hand||||||~28 391|~25 299|~53 690| ||||||||28.391|~25 299|53,690| ||Debt||||||||| ||Finance leases
Debts falling doe within
Debts falling due ager
I|I year
year|||||(2,932)
(6,934j
~62 406)|2,932
(784)
~2712|(7,718)
~59694)| ||||||||(72,272)|~4860|~67412)| ||Total||||||(43,881)|30,159|(13,722)| ## ## ## ## ## ## ## ## ## ## ## ## ## |OTHER TRADING ACTIVITIES||| |---|---|---| ||31.1021|31.10.20| |Itental Income 8:Servi eCharge|119,902|84,082| |Other Activities|5,095|27,654| |Government
Covid Grants|500|21,332| |Subsidiary
Trading Activity|~16419|19,143| ||14~1916|152,211| |INVESTMENT INCOME||| ||31.10.21|31.10.20| |Rents received|75,484|74,856| ## ## ## ## |4.|INCOME FROM CHA|RITABLE ACTIVITIES||| |---|---|---|---|---| ||||31.10.21|31.10.20| ||||Annual|| ||||Agricultural|Total| ||||Show|activities| ||Show Income
Government
Covid Grants||67,823
67,116|32,214
41.337| ||||134,939|73,551| ||Grants received, included|in the strove, are as follows:||| ||||31.10.21|31.10.20| |5.|RAISING FUNDS|||| ||Other trading
activities|||| ||||31.10.21|31.10.20| ||||f|| ||Staff costs
Sundries||1,165|46,871
664| ||Bank Charges
Premises Expenses
Administrative
expenses
Maintenance
Costs
Other Direct Costs||1,208
61,270
5,549
15,015
220|1,274
65,271
20,642
11,270
863| ||Subsidiary
Trading Expenses
Accountancy
fees
Bad Debt
Depreciation
In!crest payable
and similar charges||12,690
1,100
17,583
13,717
76|14,139
1,092
11,991
11,184
129| ||||129,593|~185390| ## |CHAR|ITABLE A|CTIVITIES COSTS|||| |---|---|---|---|---|---| |||||Support|| ||||Direct|costs (see|| ||||Costs
f|note 7)|Totals| |Annual
Fstates|Agricultural
Accounts|Show|83,491
131|6,791
~2498|90,282
~2629| ||||83622|~9289|~92 911| ## ## ## |||||Governance|| |---|---|---|---|---|---| ||||Management
f|costs|Totals| |Annual
Estates|Agricultural
Accounts|Show|2,819|3,972
2,498|6,791
2,498| ||||2,819|6,470|~9289| ## ||||31.10.21|31.10.20| |---|---|---|---|---| ||||f.|| |Auditors'
remuneration
Other non-audit
services
Depreciation
-owned assets
Depreciation
- assets on hire purchase contracts||and finance leases|2,200
1,180
29,084|2,217
2,024
21,800
1,886| ## ## ## ## |||||||31.10.21|31.10.20| |---|---|---|---|---|---|---|---| |||||||f,|| |Wages and salaries
Social security costs||||||6,762|140,186
11,884| |||||||~6762|152,070| |The average|monthly|number ofemployees||during|the year was as follows:||| |||||||31.10.21|31.10.20| |||||||I|5| |No employees|received emoluments||in excess off60,000.||||| ## ## |11.|COMPARATIVES|FOR THE ST|ATEMENT OF|FINANCIAL ACTIVITI|ES|| |---|---|---|---|---|---|---| |||||||Unrestricted| |||||||fund| |||||||f| ||INCOME AND ENDOWMENTS||FROM|||| ||Charitable
activities|||||| ||Annual
Agricultural|Show||||73,551| ||Other trading activities|||||152,211| ||Investment
income|||||74,856| ||Total|||||300,618| ||EXPENDITURE ON|||||| ||Raising funds|||||185,390| ||Charitable
activities|||||| ||Annual
Agricultural|Show||||166,074| ||Total|||||351,464| ||NET INCOhtE/(EXPENDITURE)|||||(50,846)| ||RECONCILIATION|OF FUNDS||||| ||Total funds brought|forward||||3,823,365| ||TOTAL FUNDS CARPIED FORWARD|||||~3772,519| |12.|TANGIBLE FIXED|ASSETS||||| |||||Freehold|Plant and|| |||||property|machinery|Tractol's| |||||I|6|6| ||COST|||||| ||At I November
2020|||2,644,001|30'),174|5,519| ||Additions|||7315|5~730|| ||At 31 October 2021|||~2,651316|314,904|5,519| ||DEPRECIATION|||||| ||At I November
2020||||132,808|2,412| ||Charge for year||||24,804|310| ||At 31 October 2021||||157,612|~2722| ||NET BOOK VALUE|||||| ||At 31 October 2021|||2,651,316|157,292|2,797| ||At 31 October 2020|||2,644,001|176,366|~3107| ## ## ## |TANGIBLE FIXEDASSETS- continued|||| |---|---|---|---| |||PAS|| ||Motor|Promotions|| ||vehicles|Plant|Totals| |COST|||| |At
1 November
2020
Additions|38,249|13,476|3,010,419
~13045| |At 31 October 2021|38,249|~13476|~3,023 464| |DEPRECIATION|||| |At I November
2020
Charge for year|15,039
2,321|6,008
1 649|156,267
~29084| |At 31 October 2021|17,360|~7657|~185351| |NET BOOK VALUE|||| |At 31 October 2021|~20 889|5,819|~2838, 113| |At 31October 2020|23,210|7468|2,854,152| |Fixed nssets, i|ncluded
in the above, which are held under hi|re purchase contracts are as follows:| |---|---|---| |||Motor| |||vehicles| |COST||| |At I November
2020
Transfer to oivnership||28,750
~28,750)| |At 31 October|2021|| |DEPRECIATION||| |At
1 November
2020
Transfer to ownership||11,774
~tl,774)| |At 31 October|2021|| |NET BOOK VALUE||| |At 31 October|2021|| |At 31 October|2020|| ## ## |13.|INVESTMENT PROPERTY||||| |---|---|---|---|---|---| ||FAIR VALUE||||| ||At I November
2020
Additions||||1,021,300
1,350| ||At 31 October 2021||||~1022,650| ||NET BOOK VALUE||||| ||At 31 October 2021||||1 022 650| ||At 31 October 2020||||~1021300| |14.|STOCKS|Charity
31.10.21|Charity
31.10.20|Group
31.10.21|Group
31.10.20| ||Stocks|f.
~8857|9678|f,
11,708|12,939| ## |DFBTORS: A|MOUNTS FALLING|DUE WITHIN ONE YEA|R||| |---|---|---|---|---|---| |||Charity
31.10.21
f|Charity
31.10.20|Group
31.10.21
f|Group
31.10.20| |Trade debtors
Other debtors
PAS Promotions|Limited|195,588
7,918
24,123|111,678
4,871
17,458|202,894
7,918|112,491
4,871| |Prepayments||5 159|6 170|5,159|~6170| |||232,788|1~40 177|215,971|~123 532| ## |CREDITORS: AMOUN|TS FALLING DU|E WITHIN ONE|YEAR||| |---|---|---|---|---|---| |||Charity
31.10.21|Charity
31.10.20|Group
31.10.21|Group
31.10.20| |||6||f.|| |Bank loans and overdratts
(see note 18)
Hire purchase (see note 19)
Trade creditors
Social security
and other taxes
VAT
Other credito s
Accrued expenses
Accrued Income||5,556
42,973
8,019
50,444
29,106
15,001
~15231|5000
2,932
26,205
15,728
52,285
12,592
16,460
66.625|7,718
49,334
8,019
50,444
29,106
20,232
~15231|6,934
2,932
27,238
15,728
52,285
12,592
21,055
66,625| |||~166 333300|197827|180084|205,389| ## ## ||||||for the Year Ended 31Octob|for the Year Ended 31Octob|for the Year Ended 31Octob|er 2021||| |---|---|---|---|---|---|---|---|---|---|---| |17.|CREDITORS: AMOUNTS||||FALLING DUE AFTER MORE|||THAN ONE|YEAR|| ||||||||Charity
31.10.21|Charity
31.10.20|Group
31.10.21|Grollp
31.10.20| ||Bank loans (see note 18)||||||f,
43,057|f,
~45 000|59,694|62,406| |18.|LOANS|||||||||| ||An analysis ol'the maturity||cf||loans is given|below:||||| ||||||||||31.10.21|31.10.20| ||Amounts
falling
due within||one year on demand:|||||||| ||Bank loans||||||||7,718|6,934| ||Amounts
falling betsveen|one||and two years.||||||| ||Bank loans - 1-2 years||||||||7718|6 934| ||Amounts
falling due between
Bank loans - 2-5 years|||two and five years:|||||23,153|~20 802| ||Amounts
falling due in more||than tive years:|||||||| ||Repayable
by instalment".|;||||||||| ||Bank loans more 5 yr by|instal|||||||28,823|34,670| |19.|LEASING AGREEMENTS|||||||||| ||Minimum
lease payments|under|||hire purchase|fall due as follows:||||| ||||||||||31.10.21|31.10.20| ||Net obligadons
repayable:||||||||f|f| ||Within one year|||||||||~2932| |20.|MOVEMENT
IN FUNDS|||||||||| ||||||||||Net|| |||||||||At|movement|At| |||||||||1.11.20|in funds|31.10.21| |||||||||f.||| ||Unrestricted
funds|||||||||| ||Ger eral fund|||||||3,772,519|129,835|3,902,354| ||TOTAL FUNDS|||||||3,772,519|129,835|~3902,354| ||Net movement
in funds, included||||in the above|are as|follows:|||| |||||||||Incoming|Resources|Movement| ||Unrestricted
funds|||||||resources
f|expended
f|in funds
f.| ||General
fund|||||||352,339|(222.504)|129,835| ||TOTAL II'UNDS|||||||352,339|~222 504)|129,835| ## ## ## |||||Net|| |---|---|---|---|---|---| ||||At|movement|At| ||||1.11.19
f|in funds|31.10.20
f.| |Urrestricted||funds|||| |Gieneral|fund||3,823,365|(50,846)|3,772,519| |TOTAL|FUNDS||3 823 365|~50,846)|3,772,519| ||||||Incoming|Resources|lvlov
em en t| |---|---|---|---|---|---|---|---| ||||||resources|expended|in funds| |Unrestricted||funds|||||| |General|fund||||300,618|(351,464)|(50,846)| |TOTAL FUNDS|||||300.618|(351,464)|~50,846)| |A current year||12months|and prior year 12 months|combined|position
is as fo!Iowa:||| |||||||Net|| ||||||At|movement|At| ||||||1.11.19|in funds|31.10.21| |Unrestricted||fumls|||||| |General|fund||||3,823,365|78,989|3,902,354| |TOTAL|FUNDS||||3,823,365|78,989|3,902,354| ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| ||||f.||f,| |Unrestricted||fends|||| |General|fund||652,957|(573,968)|78,989| |TOTAL|FUNDS||652,957|L573,968)|78,989| ## ## ## ## ## ## ## ## |an oss ccou|t|Year|Year ended| |---|---|---|---| |||ended|| |||31.10.21|31.10.20| |Turnover
Cost ofSales
Gross Protit||16,419
3,795
12,624|19,143
5 I
15
13,588| |Administrative
Expenses
Operating
Profit (Loss) before tax
Other operating
income
Profit (Loss) for the financial year||17,595
(4,971)
I 500
~3.471|22,077
(8,489)
~8489| |Balance Sheet||Year|Year ended| |||ended|| |||31.10.21|31.10.20| |||8|| |Tangible Fixed Asseus
Stocks
Debtors
Cash at bank in hand||5,818
2,851
7,307
28270|7,467
3,261
812
24 086| |Creditors
due within
one
Provisions
for liabilities|year|(37,879)|(25,019)| |Total Assets less Current|Liabilties|.367|1060| |Liabilities
due aller one year||(16,637)|(17,406)| |Net (Liabilities) /Assets||~50.270|~6,799| |CAPITAL AND RESERVES|||| |Called up share capital
Retained
earnings||2
~50272
~50~270|2
~6,105
~6~799| ## ||Detailed Statement|ofFinancial|Activities||| |---|---|---|---|---|---| ||for the Year Ended 31October 2021||||| |||||31.10.21|31.10.20| |||||f|| |INCOME AND ENDOWMENTS|||||| |Other trading
activities|||||| |Rental Income dt Service Charge
Other Activities
Government
Covid Grants||||119,902
5,095
500|84,082
27,654
21,332| |Subsidiary
Trading Activity||||16,419|19 143| |||||141,916|152,211| |Investment
income|||||| |Rents received||||75,484|74,856| |Charitable
activities|||||| |Show Income||||67,823|32,214| |GOvernment
Covid Grants||||~67 116|~41 337| |||||134,939|73.551| |Total incoming
resources||||352,339|300,618| |EXPENDITURE|||||| |Other trading
activities|||||| |Wages||||1,165|42,968| |Social security|||||3,903| |Sundries|||||664| |Bank Charges||||1,208|1,274| |Premises Expenses||||61,270|65,271| |Administrative
expenses||||5,549|20,642| |Maintenance
Costs
Other Direct Costs||||15,015
220|11,270
863| |Subsidiary
Trading
Expenses||||12,690|14,139| |Accountancy
fees
Bad Debt||||1,100
17,583|1,092
11,991| |Plant and machinery
Depreciation ofTractors||||12,402
155|9,722
173| |Motor vehicle"||||1,160|1,289| |Hire purchase||||76|129| |||||129,593|185,390| |Charitable
activities|||||| |Wages||||5,597|75,492| |Social security|||||6,773| |Telephone||||2,483|3,676| |Sundries||||131|| |Attractions|||||1,500| |Prize Money||||9,590|27| |Carried forward||||17,801|87,468| ## ## ||for the Year Ended 31O|ctober 2021|| |---|---|---|---| |||31.10.21|31.10.20| |Charitable
activities|||| |Brought
fomvard
Rosettes
Catering
Security and Parking
Shotvground
Site Infrastructure
Emergency
service & Veterinary
Grounds
Maintenance
Sanita'. ion ard Cleaning
Stable hire and stock sundries
Fuel & Oils
Judges Expenses
Equipment
Hire
Showground
repairs
Sub show expenses
Affiliation
fees
Commission
Licentes
Goods for resale
Electricity
Grounds
P.cnt
Water||17,801
668
3,632
5,912
9,994
1,773
36
6,078
67
863
2,018
578
4,912
50
1,117
203
240
167
133|87,468
989
(359)
1,555
24
170
537
241
(16)
380
4,235
1,903
(12)
105
2,102
3,415
133
442| |Computers
and Software
Advertising
Depreciation
Plant
Depreciation
Tractors
Depreciation
Motor
Postage, Stationery & Printing
Bad debt provision||4,350
3,350
12,40?
155
1,160
1,713
4,250|7,723
2,074
9,722
I73
1,289
6,358
263| |||83,622|130,914| |Support costs|||| |Management|||| |Wages
Social security
Sundries
Bank Charges
' Bank Interest paid||91
2,415
313|21,726
1,208
162
2,816
736| |||2,819|26,648| |Governance
costs|||| |Auditors'
remuneration
Auditors'
remureration
Legal and Professional|for non audit work
fees|2,200
1,180
3,090|2,217
2,024
4.271| |||6,470|~8512| |Total tesources expended||222,504|~351 464| |Net inromel(expenditure)||129,835|~50 846)|