| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| Independent auditor's |
report to | the members | ||||
| Statement offinancial | activities | (including | income and | |||
| expenditure account) |
13 | |||||
| Statement offinancial | position | 14 | ||||
| Notes to the financial | statements | 15 |
| Reference | and adm | inistrative |
inistrative |
details | ||
|---|---|---|---|---|---|---|
| Registered | charity | name | Bridgwater Agricultural | Society Limited | ||
| Charity registration | number | 275593 | ||||
| Company | registration | number | 01355085 | |||
| Principal office and | registered | 7Castle Street | ||||
| office | 6ridgwater | |||||
| TA6 3DT | ||||||
| The trustees | ||||||
| Mr G Groves | ||||||
| Mr P Irish | ||||||
| Mr A Rowe | ||||||
| Mr L Bagg | ||||||
| Mr T Miller | ||||||
| Mr R Rood | ||||||
| Mr JWalker | ||||||
| Mr R Heal | ||||||
| Mr SAdams | ||||||
| Mr D Dosson | ||||||
| Mr M Snook | ||||||
| Mr D House | ||||||
| Mr K Barrow | ||||||
| Mr A Bult (Chairman) | ||||||
| Mr JWinslade | ||||||
| Mrs A Wills | ||||||
| Company | secretary | Mrs M Adams | ||||
| Auditor | Thomas Westcott | |||||
| Chartered Accountants |
&Statutory | Auditor | ||||
| Tallford House | ||||||
| 38Welliscote Road | ||||||
| Weston-super-Mare | ||||||
| North Somerset | ||||||
| BS231LP | ||||||
| Bankers | HSBC pic | |||||
| 23 Fore Street | ||||||
| Bridgwater | ||||||
| Somerset | ||||||
| TA6 3LE |
| s, or in th | eir roles in support ofthese sectors: | |
|---|---|---|
| 2021 | ||
| Ploughing | Match | 600 |
| South West Winter Fair | 1,400 | |
| Somerset | YFC Yearbook | 150 |
| Somerset | YFC Mental Health Training | 500 |
| RAB I | 10,000 | |
| FCN | 5,000 | |
| Somerset | Mental Health Group | 3,000 |
| Total gran | ts | 20,650 |
| 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Totalfunds | Total funds | |||||
| Note | r | E | E | ||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 9 | 9 | 2,009 | |||
| Investment income |
42,656 | 42,656 | 58,273 | ||||
| Total income | 42,665 | 42,665 | 60,282 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 6,633 | 6,633 | 7,102 | |||
| Expenditure on charitable |
activities | 8,7 | 27,148 | 27,148 | 40,790 | ||
| Other expenditure | 9 | 2,706 | 2,706 | 3,881 | |||
| Total expenditure | 36,487 | 36,487 | 51,773 | ||||
| Net (gains)/losses on investments |
10 | (1,688) | (1,688) | 40,325 | |||
| Net income/(expenditure) | and net movement | in funds | 7,866 | 7,866 | (31,816) | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward | 1411,891 | 1411891 | 1 | 1,443,707 | |||
| Total funds carried forward | 1,419,757 | 1,419,757 | 1,411,891 |
| 28 February 202 |
1 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | ||||
| Fixed assets | ||||
| Investments | 15 | 1,320,718 | 1,320,748 | |
| Current assets | ||||
| Debtors | 16 | 4,989 | 4,903 | |
| Cash at bank and in | hand | 105,099 | 95,999 | |
| 110,088 | 100,902 | |||
| Creditors: amounts | falling due within one year | 17 | 11,049 | 9,759 |
| Net current assets | 99,039 | 91,143 | ||
| Total assets less current liabilities | 1,419,757 | 1,411,891 | ||
| Net assets | 1,419,757 | 1,411,891 | ||
| Funds ofthe charity | ||||
| Unrestricted funds |
1,419,757 | 1,411,891 | ||
| Total charity funds | 18 | 1,419,757 | 1,411,891 |
| Expenditure on charitable |
activities by fund type | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| 6 | 5 | |||
| Grants paid | 20,650 | 20,650 | 32,406 | 32,406 |
| Supportcosts | 6,498 | 6,498 | 8,384 | 8,384 |
| 27,148 | 27,148 | 40,790 | 40,790 |
| Expenditure | on charitable |
activities by activity type |
|||
|---|---|---|---|---|---|
| Grant funding | Support | Total funds | Total fund | ||
| ofactivities | costs | 2021 | 2020 | ||
| 5 | 5 | 6 | |||
| Grants paid | 20,650 | 20,650 | 32,406 | ||
| Governance | costs | 6,498 | 6,498 | 8,384 | |
| 20,650 | 6,498 | 27,148 | 40,790 |
| Analysis ofgrants | ||
|---|---|---|
| 2021 | 2020 | |
| Grants to institutions | ||
| Grants to institutions | 20,650 | 24,409 |
| Grants to individuals | ||
| Grants to individuals | 7,997 | |
| Total grants | 20,650 | 32,406 |
| Grants awarded by activitiy |
||
| 2021 | 2020 | |
| K | 5 | |
| Agricultural Events and Purposes |
20,650 | 24,726 |
| Travel scholarships | 7,680 | |
| 20,650 | 32,406 |
| Other expe | nditure | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 K |
Funds | 2020 f |
||||
| Printing, stationery |
and | telephone | 109 | 109 | |||
| Presentation | dinner | 1,060 | 1,060 | ||||
| Companies | House | filing | fee | 13 | 13 | 13 | 13 |
| Honorarium | 2,500 | 2,500 | 2,500 | 2,500 | |||
| Sundry expenses | 160 | 160 | 160 | 160 | |||
| Hall hire | 33 | 33 | |||||
| Bank charges | 39 | 39 | |||||
| 2,706 | 2,706 | 3,881 | 3,881 | ||||
| Net (gains)/losses | on investments | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| 5 | K | F | |||||
| Unrealised | (gains)/losses | on listed | |||||
| investments | 5,199 | 5,199 | (34,345) | (34,345) | |||
| Realised (gains)/losses | on listed | ||||||
| investments | (3,511) | (3,511) | (5,980) | (5,980) | |||
| 1,688 | 1,688 | (40,325) | (40,325) |
| 2021 | 2020 |
|---|---|
| K | F |
| 2,600 | 3,354 |
| Tangible fixed assets | ||
|---|---|---|
| Equipment | ||
| E | ||
| Cost | ||
| At 1 March 2020 and 28 February | 2021 | 1,107 |
| Depreciation | ||
| At 1 March 2020 and 28 February | 2021 | 1,107 |
| Carrying amount |
||
| At 28 February 2021 | ||
| At 29 February 2020 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| 5 | |
| Cost or valuation | |
| At 1 March 2020 | 1,320,748 |
| Additions | 15,984 |
| Disposals | (21,213) |
| Fair value movements | 5,199 |
| At 28 February 2021 | 1,320,718 |
| Impairment | |
| At 1 March 2020 and 28 February 2021 | |
| Carrying amount |
|
| At 28 February 2021 | 1,320,718 |
| At 29 February 2020 | 1,320,748 |
| The trustees consider that there were many material inves those being: |
tment equity holdings at th |
e year-end, |
|---|---|---|
| 2021 6 |
2020 f |
|
| Diageo Pic Ord 28 101/108p | 70,313 | 69,138 |
| Astrazenca Pic Ord USD0.25 |
50,351 | 49,257 |
| BHP Group Pic Ord USD0.50 Prudential Ord GBP0.05 |
45,390 57,044 |
28,368 51,313 |
| Glaxosmithkline Ord GBP0.25 |
47,632 | 62,488 |
| Reckitt Benckiser Group Pic Ord GBP0.10 | 42,000 | 40,047 |
| Relx Pic 1451/116p | 42,312 | 46,688 |
| Rio Tinto Ord GBP0.10 | 94,352 | 55,022 |
| Smiths Group Pic 37 1/2p | 36,366 | 38,080 |
| Unilver Pic Ord 3.11p | 59,728 | 66,720 |
| Walt Disney Company Com Stk USD0.25 |
37,326 | 25,241 |
| National Grid ORD GBP0.12431289 |
31,046 | 37,838 |
| Land securities Group Ord GBP0.10661 |
30,390 | 38,141 |
| 644,250 | 608,341 |
| Debtors | |||
|---|---|---|---|
| 2021 | 2020 | ||
| 6 | |||
| Prepayments and accrued income |
4,989 | 4,903 | |
| Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | ||
| 6 | F | ||
| Bank loans and overdraRs | 836 | ||
| Accruals and deferred | income | 10,213 | 9,759 |
| 11,049 | 9,759 |
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | 28 February | |||||
| 1 | March 2020 f |
Income | Expenditure 6 |
losses | 2021 f |
||
| General | funds | 1,411,891 | 42,665 | (36,487) | 1,688 | 1,419,757 | |
| At | |||||||
| At | Gains and | 29 February | |||||
| 1 | March 2019 | Income 6 |
Expenditure 6 |
losses f |
2020 F |
||
| General | funds | 1,443,707 | 60,282 | (51,773) | (40,325) | 1,411,891 |
| Investments | |
|---|---|
| Current assets | |
| Creditors less than | 1 year |
| Net assets | |
| Investments | |
| Current assets | |
| Creditors less than | 1 year |
| Net assets |
| Unrestricted | Total Funds |
|---|---|
| Funds | 2021 |
| 6 | |
| 1,320,718 | 1,320,718 |
| 110,088 | 110,088 |
| (11,049) | (11,049) |
| 1,419,757 | 1,419,757 |
| Unrestricted | Total Funds |
| Funds | 2020 |
| F | |
| 1,320,748 | 1,320,748 |
| 100,902 | 100,902 |
| (9,759) | (9,759) |
| 1,411,891 | 1,411,891 |