2020-08-31-accounts

		Page
Trustees' Reporl
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		10
Statement ofCash Flows
Notes to the Financial Statements		12

				Note	Unrestricted Funds	Restricted Funds	Total 2020	Total 2019
						f	f	8
Income and Expenditure
INCOME:
Donations and legacies					76,469		76,469	35,992
Income from charitable		activities
Show					6,170		6,170	420,262
Other trading activities					31,615		31,615	120,665
Other income					15,000		15,000	15,000
Investment income					362		362	277
Total Income					129,616		129,616	592,196
EXPENDITURE:
Raising funds				6	275,051		275,051	301,869
Expenditure on charitable			activities
Show					19,675		19,675	313,937
Governance costs					2,450		2,450	2,796
Total Expenditure					297,176		297,176	618,602
Net expenditure					(167,560)		(167,560)	(26,406)
Other recognised	gainsl(losses)
Gains on revaluation	offixed		assets		295,000		295,000
Net movement in funds					127,440		127,440	(26,406)
Reconciliation offunds
Total funds brought	forward				847,822		847,822	874,228
Total funds carried forward					975,262		975,262	847,822

	Note	2020		2019
Fixed Assets
Intangible assets	11		7,542		4,924
Tangible assets	12		964,740		727,797
Investments	13		1		1
			972,283		732,722
Current Assets
Stocks		922		4,850
Debtors	14	48,025		43,231
Cash at bank and in hand		68,156		89,039
Total Current Assets		117,103		137,120
Creditors:
Amounts falling due within one year	15	(114,124)		(22,020)
Net Current Assets			2,979		115,100
Total Assets lees Current
Liabilities			975,262		847,822
Net Assets			975,262		847,822
The funds ofthe charity
Unrestricted Funds	16/17		267,689		435,249
Revaluation Reserve	16/17		707,573		412,573
Total Charity Funds			975,262		847,822

				Note	2020	2019
Cash used in operating activities
Cash generated from operations				18	(9,636)	(24,706)
Interest paid					(1,459)	(1,378)
Net cash used in operating	activities				(11,095)	(26,084)
Cash flows from investing	activities
Purchase of intangible fixed	assets				(6,773)
Purchase oftangible fixed assets					(2,059)	(18,043)
Interest received					206	121
Net cash used in investing	activities				(8,626)	(17,922)
Decrease in cash and cash	equivalents	in the year			(19,721)	(44,006)
Cash and cash equivalents	at the beginning		ofthe year		87,877	131,883
Cash and cash equivalents	at the end	of	the year		68,156	87,877
Cash at bank and in hand					68,156	89,039
Overdraft balance in creditors						(1,162)
					68,156	87,877

. Income	from donations	and sponsors
		Unrestricted	Restricted	Total	2020	Total	2019
		Funds	Funds
Sponsors	&donors	11,101			11,101		35,992
Grants		65,368			65,368
		76,469			76,469		35,992

		Unrestricted	Restricted	Total 2020	Total 2019
		Funds	Funds
		6
Show
Trade stands					113,072
Entrance & entry fees		6,170		6,170	300,369
Hire ofequipment					6,821
		6,170		6,170	420,262
Other Trading	Activities
Members subscriptions		14,765		14,765	18,332
Donation from	Herts Showground	16,850		16,850	102,333
		31,615		31,615	120,665
Other Income
Management	fee	15,000		15,000	15,000
		52,785		52,785	555,927
5. Investment	Income
		Unrestricted	Restricted	Total 2020	Total 2019
		Funds	Funds
		6	f
Wayleaves		156		156	156
Bank interest	received	206		206	121
		362		362	277

6. Cost ofraising funds
	Unrestricted	Restricted	Total 2020	Total 2019
	Funds	Funds
	6	6
Staff costs	159,606		159,606	168,706
Subcontract labour	410		410
Rates, electricity, water &fuel	3,694		3,694	8,972
Insurance	7,218		7,218	20,410
Telephone	4,754		4,754	4,612
Postage &stationery	6,768		6,768	7,228
Showground maintenance	7,263		7,263	30,359
Legal & professional HR and training	5,763 645		5,763 645	750 1,151
Subscriptions	777		777	2,159
Office expenses Donations made	7,384 100		7,384 100	6,612 1,351
	4,215		4,215	6,750
Depreciation and amortisation	64,271		64,271	38,900
Bank charges and interest	2,183		2,183	3,909
Total expenditure	275,051		275,051	301,869
7. Expenditure on charitable	activities
	Unrestricted	Restricted	Total 2020	Total 2019
	Funds	Funds
	6	6
2020 County Show	19,675		19,675	313,937
	19,675		19,675	313,937

8. Expenditure	on governance	on governance	costs
				2020f	2019 6
independent examination		fees		1,170	1,770
Other non-audit	services			1,280	1,026
				2,450	2,796

This is stated	This is stated	after charging:	after charging:	2020	2019
				E	E
Independent	examination		fees	1,170	1,770
Other non-audit		services		1,280	1,026
Depreciation				60,116	36,439
Amortisation				4,155	2,461

	2020	2019
	E	E
Salaries and wages	139,022	146,931
Social security costs	13,945	15,442
Pension costs	6,639	6,333
	159,606	168,706

The av	erage monthly number ofpersons employe	d by the Charity during the year was as foll	ows:
		2020	2019
		Number	Number
Executive	Director
Financial	Controller
Administration

2. Tangible fixed assets
	Freehold land and property	Showground Improvements	Show Equipment	Office Equipment	Total
	6	6	6	F
Cost
At 1 September 2019 Revaluation	605,000 295,000	353,515	135,159	29,652	1,123,326 295,000
Additions			534	1,525	2,059
At 31 August 2020	900,000	353,515	135,693	31,177	1,402,385
Depreciation At 1 September 2019 Charge for the year At 31 August 2020	4,000 4,000 8,000	238,438 49,191 287,629	129,132 3,663 132,795	23,959 3,262 27,221	395,529 60,116 455,645
Net book value
At 31 August 2020	892,000	65,886	2,898	3,956	964,740
At 31 August 2019	601,000	115,077	6,027	5,693	727,797

he charity's investments in the share	capital of comp	capital of comp	anies at the b	alance sh	eet date in	clude the	following:
Name ofundertaking	Registered office		Nature of business	Class shares	of held	% Direct	Holding Indirect
Herts County Showground Limited	England	and	Lettings	Ordinary		100.00
	Wales
14. Debtors
					2020 6		2019f
Trade debtors Amounts owed by group undertakings Prepayments and accrued income Taxation and social security					3,110 30,065 14,850		34,833 7,619 779
					48,025		43,231
15. Creditors: amounts falling due	within one year
					2020		2019
					6		6
Bank loans and overdrafts Trade creditors					3,103		1,162 8,509
Taxation and social security Other creditors Accruals and deferred income					30,629 300 80,092		420 11,929
					114,124		22,020

		Balance at			Balance at
	1	September 2019	Income/ Revaluation	Expenditure	31August 2020
Unrestricted funds		435,249	129,616	(297,176)	267,689
Revaluation		412,573	295,000		707,573
reserve
Restricted
funds
Total		847,822	424,616	(297,176)	975,262

		Balance at			Balance at
	1	September 2018	Income	Expenditure	31 August2019
Unrestricted funds		461,655	592,196	(618,602)	435,249
Revaluation		412,573			412,573
reserve
Restricted
funds
Total		874,228	592,196	(618,602)	847,822

		Free Reserves	Attributable to fixed assets	Total 2020	Total 2019
Balance at beginning ofyear		115,100	732,722	847,822	874,228
Net movement	in funds	(112,121)	239,561	127,440	(26,406)
Balance at end	ofyear	2,979	972,283	975,262	847,822

		Free Reserves	Attributable to fixed assets	Total 2019	Total 2018
			6
Balance at beginning ofyear		120,649	753,579	874,228	934,329
Net movement	in funds	(5,549)	(20,857)	(26,406)	(60,101)
Balance at end	ofyear	115,100	732,722	847,822	874,228

. Reconciliation of	net	move	ment	in funds to net cash flo	w from operating activities
					2020	2019
					E	6
Net movement in funds					(167,560)	(26,406)
Depreciation and amortisation			charge		64,271	38,900
Interest received shown		in investing		activities	(206)	(121)
Interest paid show in	operating		activities		1,459	1,378
Decrease in stocks					3,928	195
(Increase) /Decrease	in	debtors			(4,794)	1,723
Increase / (Decrease)	in	creditors			93,266	(40,375)
					(9,636)	(24,706)

				Unrestricted	Restricted	Total
				Funds	Funds	2019
						6
Income and Expenditure
INCOME:
Donations and legacies				35,992		19,633
Income from charitable	activities
Show				420,262		400,886
Other trading activities				120,665		87,466
Other income				15,000		15,000
Investment income				277		287
Total Income				592,196		523,272
EXPENDITURE:
Raising funds				301,869		289,652
Expenditure on charitable		activities
Show				313,937		289,123
Governance costs				2,796		3,956
Other costs						642
Total Expenditure				618,602		583,373
Net income and net movement funds for the year			in	(26,406)		(60,101)
Reconciliation offunds
Total funds brought forward				874,228		934,329
Total funds carried forward				847,822		874,228