2022-12-31-accounts - Rutland Agricultural Society

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees
R D Wood
M Aitchison
J Baker
SBrook-Shanahan
A Grey
Dr A R Leake
R C Mayo
R H Miles
Chief Executive Officer
R D Wood
Senior Statutory		Auditor
Peter Smith ACA
Auditors
J W Hinks LLP
Chartered Accountants
and Statutory	Auditors
19Highfield Road
Edgbaston
Birmingham
B153BH
Solicitors
Knights pic
The Brampton
Newcastle-Under-Lyme
Staffordshire
STS OQW
Bankers
HSBC Bank pic
Mid Lincolnshire		and the Fens Commercial	Centre
Unex House
Bourges Boulevard
Peterborough
PE1 1NG
Investment manager
Charles Stanley	&Co. Limited
4th Floor
Mercury Place
St George Street
Leicester
LE1 1QG

			2022	2021
			Unrestricted	Total
			fund	funds
		Notes	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			126,425	81,218
Charitable activities
Annual show			139,896
Investment income			56,321	25,832
Total			322,642	107,050
EXPENDITURE ON
Raising funds			9,398	2,873
Charitable activities
Charitable activities —direct			324,107	208,688
Charitable activities —support			47,002	54,923
Total			380,507	266,484
Deficit before net loss on investments			(5746S)	(159,434)
Net losses on investments			(265,952)	(6,622)
NET INCOME/(EXPENDITURE)			(323,817)	(166,056)
RECONCILIATION OF FUNDS
Total funds brought forward			3,468,928	3,634,984
TOTAL FUNDS CARRIED FORWARD			3,145,111	3,468,928

		2022	2021
		Unrestricted	Total
		fund	funds
	Notes	E	E
FIXEDASSETS
intangible assets	14	6,273
Tangible assets	15	1,449,418	1,456,927
Investments	16	1,421,012	1,695,384
		2,876,703	3,152,311
CURRENT ASSETS
Debtors	17	84,536	28,750
Cash at bank and in hand		229r458	315,418
		313,994	344,168
CREDITORS
Amounts falling due within one year	18	(45,586)	(27,551)
NET CURRENT ASSETS		268808	316,617
TOTAL ASSEISLESSCURRENT LIABILITIES		3,145,111	3,468,928
NET ASSETS		3,145,111	3,468,928
FUNDS	19
Unrestricted funds		~3,145 111	~3,468928
TOTALFUNDS		3,14S,111	3,468,928

				2022	2021
			Notes	E	E
Cash flows from operating	activities
Cash generated from operations				(102~1)	(193,074)
Net cash used in operating	activities			(102,S41)	(193,074)
Cash flows from investing	activities
Purchase ofintangible fixed assets				(6,273)
Purchase oftangible fixed assets				(12,441)	(7,206)
Purchase offixed asset investments				(50,911)	(1,654,705)
Sale oftangible fixed assets				3,500
Sale offixed asset investments				38,145
Interest received				498	134
Dividends received				44,063	8,698
Net cash provided by/(used	in) investing		activities	16,581	(1,653,079)
Change in cash and cash equivalents		in	the
reporting period				(85,960)	(1,846,153)
Cash and cash equivalents	at the beginning
ofthe reporting period				315,418	2,161,571
Cash and cash equivalents	at the end	ofthe
reporting period				229,458	313,418

RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2022	2021
				E
Net expenditure for	the reporting	period (as per the Statement of
Financial Activities)			(323,817)	(166,056)
adjustments for:
Depreciation charges			17,090	26,301
Losses on investments			265'952	6,622
Profit on disposal of	fixed assets		(639)
Interest received			(498)	(134)
Dividends received			(44,063)	(8,698)
Decrease/(Increase)	in uninvested	cash	21,185	(43,165)
Increase in debtors			(55,786)	(13,940)
Increase in creditors			18,035	5,996
Net cash used in operations			(102,541)	(193,074)

	AI 1.1.22	Cash flow	At 31.12.22
	E	f	E
Net cash
Cash at bank and in hand	315,418	(85,960)	229,458
	315,418	(85,960)	229,458
Total	315,418	(85,960)	229,458

		2022	2021
		E	E
Donations		121,805	57,650
Grants receivable		2,667	19,032
Subscriptions		419	4,106
Miscellaneous	income	1,534	430
		126,425	81,218

		Unrestricted	Restricted
		funds	funds	2022	2021
		E	E	E	E
Rutland	County Council:
Covid-19 revenue grant		2,667		2,667	19,032
		2,667		2,667	19,032

4.	INVESTMENT INCOME
	Rents received
	Dividend income receivable
	Deposit account interest
S.	INCOME FROM CHARITABLE	ACTIVITIES
		Activity
	Annual show income	Annual	show
6.	RAISING FUNDS

	Investment	management fees
7.	CHARITABLE ACTIVITIES COSTS
	Charitable	activities —direct
	Charitable	activities —support

	2022	2021
		E
	11,760	17,000
	44,063	8,698
	498	134
	56,321	25,832
	2022	2021
	E	E
	139,896
	2022	2021
	E	E
	9,398	2,873
Direct	Support
Costs (see	costs (see
note 8)	note 9)	Totals
E	E	E
324,107		324,107
	47,002	47,002
324,107	47,002	371,109

DIRECT COS	TS OF	CHA	RITABL	E ACTIVITIES
						2022	2021
						f	f
Staff costs						42,673	63,328
Annual show expenses						138,147
Insurance						5,727	6,095
Light and heat						11,330	9,301
Telephone						8,034	5,432
Advertising	and promotion					1,529	4,206
Postage and	stationery					2,324	1,072
Sundries						3,274	315
Rates						2,073	509
Facilities management						33,875	30,000
Grounds maintenance						57,208	61,257
Equipment hire						1,462	662
Recruitment	expenses						210
Depreciation						17,090	26,301
Loss on sale	ofassets					(639)
						324,107	208,688
SUPPORT COSTS
					Sundry
					support	Governance
					costs	costs	Totals
					f	f	f
Charitable activities		—support			32,743	14,259	47,002
Support costs, included			in the	above, are as follows:
SUNDRY SUPPORT		COSTS
						2022	2021
						Charitable
						activities	Total
						-support	activities
						f	f
Bookkeeping	and accountancy			fees		19,107	20,580
Bank interest	and charges					1,409	1,051
Subscriptions						436	135
Motor and travel expenses						2,389	1,616
Legal and professional			fees			9,402	21,869
						32,743	45,251

				2022	2021
				Charitable
				activities	Total
				-support	activities
				E	E
Auditors'	remuneration			6,000	6,000
Legal and	professional	fees		7,$09	3,072
Trustees'	expenses			450	600
				14,239	9,672
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				2022	2021
				E	f
Auditors'	remuneration			6,000	6,000
Depreciation —owned		assets		17,089	26,301
Surplus on disposal of		fixed	assets	(639)

12.	STAFF COSTS
							2022		2021
							f		f
	Wages and salaries						41,946		60,923
	Other pension costs							727	2,405
							42,673		63,328
	The average monthly number		of	employees		during the year was as follows:
							2022		2021
	Management and administrative			staff				1	2
	No employees received emoluments				in excess ofE60,000.
13.	COMPARATIVES FOR THE STATEMENT OF					FINANCIAL ACTIVITIES
									Unrestricted
									fund
									E
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies								81,218
	Investment income								25,832
	Total								107,050
	EXPENDITURE ON
	Raising funds								2,873
	Charitable activities
	Charitable activities	—direct							208,688
	Charitable activities	—support							54,923
	Total								266,484
	Net gains/(losses) on investments								(6,622)
	NET INCOME/(EXPENDITURE)								(166,056)
	RECONCILIATION OF FUNDS
	Total funds brought	forward							3,634,984
	TOTAL FUNDS CARRIED FORWARD								3,468,928

INTANGIBLE FIXEDASSETS
	Website
	costs
	f
COST
Additions	6,273
NET BOOK VALUE
At 31December 2022	6,273
At 31December 2021

TANGIBLE FIXEDASSETS
		Buildings
	Freehold	and	Plant and	Computer
	land	facilities	machinery	equipment	Totals
	f	f	f	f	f
COST
At 1January 2022	706,250	705,486	83/75	5,976	1,501,187
Additions		4,359	8,082		12,441
Disposals			(3,300)		(3,300)
At 31December 2022	706,250	709,845	88,257	5,976	1,510,328
DEPRECIATION
At 1January 2022		20,889	20,363	3,008	44,260
Charge for year		6,945	9,165	979	17,089
Eliminated on disposal			(439)		(439)
At 31December 2022		27,834	29,089	3,987	60,910
NET BOOK VALUE
At 31December 2022	706,250	602,011	59, 60	1,909	8,449,410
At 31December 2021	706,250	684,597	63,112	2,968	1,456,927

			2022	2021
			f	E
Listed investments			1,416,876	1,691,248
Investment in trading subsidiary			100	100
Cups and trophies			4,036	4,036
			1,421,412	1,695,384
MOVEMENTS IN FIXEDASSET	INVESTMENTS - LISTED	INVESTMENTS
		Listed
		investments	Total	Total
		2022	2022	2021
		f		E
Market value at 1January 2022		1,648,083	1,648,083
Additions at cost		50,911	50,911	1,654,705
Sale proceeds on disposal		(38,145)	(38,145)
Gain/(loss) in the year:
—realised		(12,960)	(12,960)
—unrealised		(252,991)	(252,991)	(6,622)
Market value at		1,394,898	1,394,898	1,648,083
31December 2022
Cash on deposit at		21,978	21,978	43,165
31December 2022
Total market value		1,416,876	1,416,876	1,691,248
ofinvestments at
31December 2022
Historic cost at		6626,472	1,628,472	1,654,805
31December 2022
ANALYSIS OF INVESTMENTS - LISTED INVESTMENTS
			2022	2021
			f	f
UK quoted equities			1,020,366	1,186,432
UK quoted bonds			374,532	461,651
Cash held for reinvestment			21,978	43,165
			1,416,876	1,691,248

Class ofs Ordinary	ha	re		Holding 100
					2021	2020
					f	f
Aggregate	capital and		reserves		232	232
Profit/(loss)		for the year
ANALYSIS	OF INVESTMENTS - NEITHER			LISTED NOR UNLISTED
Investments		(neither	listed nor unlisted)	were as follows
					2021	2020
					f	E
Cups and	trophies				4,036	4,036
DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2022	2021
					f	f
Trade debtors						3,015
Amounts	owed by group undertakings				30,563	15,426
Tax					447	431
VAT					9,932	4,417
Prepayments		and accrued income			43,594	5,461
					84,536	28,750

CREDITORS:	AMOUNTS	FALLING DUE WITHIN O	NE YEAR
				2022	2021
				E	f
Trade creditors				31,684	7,781
Social security and other taxes				905
Other creditors				1,244	7,175
Accruals and	deferred	income		11,753	12,595
				45,586	27,551
MOVEMENT	IN FUNDS
				Net
				movement	At
			At 1.1.22	in funds	31.12.22
			E	f	E
Unrestricted	funds
General fund			3,468,928	(323,817)	3,145,111
TOTALFUNDS			3,468,928	(323,817)	3,145,111

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		322,642	(380,507)	(265,952)	(323,817)
TOTALFUNDS		322,642	(380,507)	(265,952)	(323,817)

			Net
			movement	At
		At 1.1.21	in funds	31.12.21
		E	E	E
Unrestricted	funds
General fund		3,634,984	(166,056)	3,468,928
TOTAL FUNDS		3,634,984	(166,056)	3,468,928

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		107,050	(266,484)	(6,622)	(166,056)
TOTAL FUNDS		107,050	(266,484)	(6,622)	(166,056)

			Net
			movement	At
		At 1.1.21	in funds	31.12.22
		E	E	6
Unrestricted	funds
General fund		3,634,984	(489,873)	3,145,111
TOTALFUNDS		3,634,984	(489,873)	3,145,111

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		429,692	(646,991)	(272,574)	(489,873)
TOTAL FUNDS		429,692	(646,991)	(272,574)	(489,873)

	2022	2021
	E	E
Within one year	10,000	10,000
Between two and five years	40,000	40,000
In more than five years	33I333	43,333
	83,333	93.333