## |||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|