2021-08-31-accounts - Hertfordshire Agricultural Society

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

				Note	Unrestricted Funds	Total 2021	Total 2020
					5		5
Income and Expenditure
INCOME:
Donations and legacies					69,747	69,747	76,469
Income from charitable			activities
Show					94,289	94,289	6,170
Other trading activities					94,887	94,887	31,615
Other income					15,000	15,000	15,000
Investment income						41	362
Total Income					273,S64	273964	129616
EXPENDI'FURE: .
Raising funds				6	177,075	177,075	275,051
Expenditure on charitable activities
Show					94,893	94,893	19,675
Governance costs					3,790	3,790	2,450
Total Expenditure					275,758	275,758	297,176
Net expenditure					(1,794)	(1,794)	(167,560)
Other recognised	gains/(losses)
Gains on revaluation		offixed assets					295,000
Net movement in funds					(1,794)	(1,794)	127,440
Reconciliation offunds
Total funds brought	forward				975,262	975,262	847,822
Total funds carried		forward			973,468	S73,468	975,262

		Note	2021		2020
			9
Fixed Assets
Intangible assets Tangible assets		11 12		3,387 943,770		7,542 964,740
Investments		13		1		1
				947,158		972,283
Current Assets
Stocks			922		922
Debtors		14	97,211		48,025
Cash at bank and in hand			65,176		68,156
Total Cuirent Assets			163,309		117,103
Creditors: Amounts	falling due within				(114,124)
one year
Net Current Assets				67,977		2,979
Total Assets less Current
Liabilities				1,015,135		975,262
Creditors: Amounts	falling due after			(41,667)
more than one year
Net Assets				973,468		5,26
The funds ofthe charity Unrestricted Funds		17/18		2657895		267,689
Revaluation Reserve		17/18		707,573		707,573
Total Charity Funds				7,		975,262

				Note	2021	2020
						8
Cash used in operating activities
Cash generated from operations				19	(51,921)	(9,636)
Interest paid					(1,100)	(1,459)
Net cash used in operating	activities				(53,021)	(11,095)
Cash flows from investing	activities
Purchase of intangible fixed	assets					(6,773)
Purchase oftangible fixed assets						(2,059)
Interest received					41	206
Net cash from investing activities					41	(8,626)
Cash flows from financing	activities
Bankloans received
					50,000
Net cash from flnancing activities
					50,000
Decrease in cash and cash	equivalents	in the year			(2,980)	(19,721)
Cash and cash equivalents	at the beginning		ofthe year		68,156	87,877
Cash and cash equivalents	at the end	of	the year		65,176	68,156
Cash at bank and in hand					65,176	68,156

. Cast of raising funds
	Unrestricted	Restricted	Total 2021	Total 2020
	Funds	Funds
	8	8
Staff costs	85,061		85,061	159,606
Subcontract labour	25,070		25,070	410
Rates, electricity, water 8 fuel	3,481		3,481	3,694
Insurance	4,774		4,774	7,218
Telephane	5,262		5,262	4,754
Postage 8 stationery	1,165		1,165	6,768
Showground maintenance	5,176		5,176	7,263
Legal &professianal	35		35	5,763
HR and training				645
Subscriptions	868		868	777
Office expenses	14,632		14,632	7,384
Donations made				100
IT	4,701		4,701	4,215
Depreciation and amortisation	25,125		25,125	64,271
Bank charges and interest	1,726		1,725	2,183
Total expenditure	177,075		177,075	275,051

0.0tnatysis ofstaff costs, Trustee expenses, and	the cost of key management personnel
	2021	2020
	6
Salaries and wages	76,567	139,022
Social security costs	3,872	13,945
Pension costs	4,622	6,639
	8 .08'I	260,606

Executive	Director
Financial	Controller
Administration

2021		2020
Number		Number
	2

he.charity's investments in	he.charity's investments in	he.charity's investments in	the share	capital ofcomp	capital ofcomp	anies at the b	alance sh	eet date in	clude t	he following:
Name of undertaking			'	Registered		Nature of	Class	of		%Holding
				office		business	shares	held	Direct	Indirect
Herts County	Showground		Limited	England	and	Lettings	Ordinary		100.00
				V/ales
14. Debtors
								2021 6		2020f
Trade debtors										3,110
Amounts owed by group undertakings								87,900		30,065
Prepayments	and accrued		income					9,311		14,850
								97,211		48,025
15. Creditors: amounts		falling due		within one year
								2021f		2020 6
Bank loans and overdrafts								8,333
Trade creditors								4,479		3,103
Taxation and	social security							7,698		30,629
Other creditors								1,281		300
Accruals and	deferred income							73,541		80,092
								95,332		114,124

16. Creditors: amounts
	2021f	2020 6
Bank loans and overdrafts	41,667
	41,667

		Free Reserves	Attributable to fixed assets	Total 2021	Total 2020
		8	8
Balance at beginning ofyear		2,979	972,283	975,262	847,822
Net movement	in funds	23,331	(25,125)	(1,794)	127,440
Balance at end	ofyear	26,310	947,158	973,466	975,262

	Free Reserves	Attributable to fixed assets	Total 2020	Tots I 2019
		6
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

19. Reconciliation ofnet movement	19. Reconciliation ofnet movement	19. Reconciliation ofnet movement	in funds to net cash flow from operating	activities
				2021	2020
					6
Net movement in funds				(1,794)	(167,560)
Depreciation and amortisation		charge		25,125	64,271
Interest received shown	in investing		activities	(41)	(206)
interest paid show in operating		activities		1,100	1,459
Decrease in stocks					3,928
Increase in debtors				(49,186)	(4,794)
(Decrease) IIncrease in	creditors			(27,125)	93,266
				(51,921)	(9,636)
20. Related party transactions