2020-10-31-accounts

			Page
Trustees' annu a I report
Independent	examiner's report to the trustees
Statement	offinancial	activities
Statement	of financial	position
Notes to the financial statements			10

				Trustees' Annual	Trustees' Annual	Trustees' Annual	Report	Report	(continued)
				Year ended		31October			2020
Reference	and	administrative		details
Registered	charity		name	The Penrith	Agricultura			I Society
Charity registration			number	1178874
Principal office				c/o Dodd 8	Co
				Fifteen Rosehill
				Montgomery		Way
				Carlisle
				CA1 2RW
The trustees
				G0 Sharp
				F A Kidd
				K Williamson						(Resigned	20January	2020)
				M J Bland
				R C Utting
				R W Gardiner
				S J Little
				C J Wilson						(Appointed	23January	2020)
Independent		examiner		Helen Little	BSc(Hans),			ACA
				4 Mason Court
				Gillan Way
				Penrith 40 Business Park
				Penrith
				Cumbria
				CA11 9GR

				2020		2019
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	E	E	f	E
Income and endowments
Donations and legacies			7,458		7,458	27,297
Other trading activities			957		957	72,991
Investment income			(52)		(52)	313
Total income			8,363		8,363	100,601
Expenditure
Expenditure on charitable	activities	8,9	15,800		15,800	101,534
Total expenditure			15,800		15,800	101,534
Net expenditure			(7,437)		(7,437)	(933)
Funds transferred from old Charity		14				55,917
Net movement in funds			(7,437)		(7,437)	54,984
Reconciliation offunds
Total funds brought fonvard			52,013	2,971	54,984
Total funds carried forward			44,576	2,971	47,547	54,984

						2020	2019
					Note	f	E
Fixed assets
Tangible fixed assets					15	10,035	11,726
Current assets
Stocks					16	4,938	5,009
Debtors					17	1,975	1,990
Cash at bank	and	in	hand			36,046	36,519
						42,959	43,518
Creditors: amounts			falling due within one year		18	5,447	260
Net current assets						37,513	43,258
Total assets less		current		liabilities		47,547	54,984
Net assets						47,547	54,984
Funds ofthe	charity
Restricted funds						2,971	2,971
Unrestricted	funds					44,576	52,013
Total charity	funds				20	47,547	54,984

Donations and legacies
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
	f	f	f	E
Donations
Donations	2,188	2,188	10,908	10,908
Sponsorship
Sponsorship	1,697	1,697	11,999	11,999

					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
					f	f	f	f
Subscriptions
Subscriptions					3,573	3,573	4,390	4,390
					7,458	7,458	27,297	27,297
Charitable	activities
							Total Funds	Total Funds
							2020	2019
							f	f
Opening	stock						(5,009)
Sale of books							71
Closing stock							4,938
Other trading		activities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
					f	f	f	f
Gate and	Catalogue		Receipts		18	18	41,672	41,672
Trade Stands					(285)	(285)	14,671	14,671
Advertising							1,155	1,155
Entry Fees					1,019	1,019	9,420	9,420
Concessions					205	205	6,073	6,073
					957	957	72,991	72,991
Investment income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
					f	f	f	f
Bank interest		receivable			(52)	(52)	313	313
Expenditure		on charitable		activities	by fund type
					Unrestricted	Total Funds	Unrestricted	TotalFunds
					Funds	2020	Funds	2019
					f	f	f	f
Penrith	Show				7,549	7,549	83,056	83,056
Support	costs				8,251	8,251	18,478	18,478
					15,800	15,800	101,534	101,534

9.	Expenditure	on	charitable		activit	ies by act	ivity type
							Activities
							undertaken		Total funds	Tota	I fund
							directly	Support costs	2020		2019
							E	f	E		E
	Penrith Show						7,549		7,549	83,056
	Governance	costs						8,251	8,251	18,478
							7,549	8,251	15,800	101,534
10.	Net expenditure
	Net expenditure		is stated		after charging/(crediting):
									2020		2019
									E		E
	Depreciation	of	tangible	fixed assets					1,691		2,165
11.	Independent	examination			fees
									2020		2019
									E		E
	Fees payable	to	the independent			examiner	for:
	Independent	examination			of the	financial	statements		600		582

14.	Funds transferr	ed fro		m old charity
						2020	2019
						f	f
	Extraordinary	income					55,917
	On the 1st November			2018 the trade and assets were transferred	from The	Penrith Agricultural	Society
	(Charity Number 701320).
15.	Tangible fixed	assets
				Freehold
				property f		Equipment f	Total f
	Cost
	At 1November 2019			and 31October 2020	3,425	10,466	13,891
	Depreciation
	At 1November	2019				2,165	2,165
	Charge for the	year				1,691	1,691
	At 31October	2020				3,856	3,856
	Carrying amount
	At 31October	2020			3,425	6,610	10,035
	At 31October	2019			3,425	8,301	11,726
16.	Stocks
						2020	2019
						f	f
	Raw materials	and consumables				4,938	5,009
17.	Debtors
						2020	2019
						f	f
	Prepayments	and accrued income				1,928	1,737
	Other debtors					47	253
						1,975	1,990
18.	Creditors: amounts		falling due within one year
						2020	2019
						f	f
	Accruals and	deferred		income		5,447	260

19.	Deferred	income	income	income
										2020	2019
										f	E
	Amount	deferred			in year					5,447
20.	Analysis	of	charitable			funds
	Unrestricted			funds
								At				At
							1November	2019	Income	Expenditure	31October 2020
								f	f	E		E
	General	funds					52,013		8,363	(15,800)	44,576
								At				At
							1November	2018	Income	Expenditure	31October	2019
								E	E	E		E
	General	funds							153,547	(101,534)	52,013
	Restricted		funds
								At				At
							1 November	2019	Income	Expenditure	31October	2020
								E	E	E		E
	Guardians of			Eden			2,971				2,971
								At				At
							1November	2018	Income	Expenditure	31October	2019
								E	f	E		f
	Guardians		of	Eden					2,971		2,971

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	f	f
Tangible fixed assets Current assets		10,035 39,988	2,971	10,035 42,959
Creditors	less than 1year	(5,447)		(5,447)
Net assets		44,576	2,971	47,547
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
		f	E	E
Tangible	fixed assets	11,726		11,726
Current	assets	40,547	2,971	43,518
Creditors	Iess tha n 1year	(260)		(260)
Net assets		52,013	2,971	54,984