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|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|
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|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|||
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|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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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|2021|2020|
|---|---|
|K|F|
|2,600|3,354|
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|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|||
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|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|
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|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|
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|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|
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||||||||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|
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|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|