## ## |||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|Restricted
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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |. Income|from donations
|and sponsors|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|2021|Total|2020| |||Funds|Funds||||| |||f|6||||| |Sponsors|&donors|9,753|||9,753||11,101| |Grants||59,994|||59,994||65,368| |||69,747|||69,747||76,469| ||||Unrestricted|Restricted|Tote I 2021|Total 2020| |---|---|---|---|---|---|---| ||||Funds|Funds||| ||||8|||| |Show||||||| |Entrance|& entry fees||94,289||94,289|6,170| ||||94,289||94,289|6,170| |Other Trading||Activities||||| |Members|subscriptions||11,773||11,773|14,765| |Donation|from|Herts Showground|83,114||83,114|16,850| ||||94,887||94,887|31,615| |Other Income||||||| |Management||fee|15,000||15,000|15,000| ||||204,176||204,176|52,785| |5. Investment||Income||||| ||||Unrestricted|Restricted|Total 2021|Total 2020| ||||Funds|Funds||| |||||5||| |Wayieaves||||||156| |Bank interest||received|||41|206| ||||41||41|362| ## ## ## |. 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| ## ||||||Unrestricted|Restricted|Total2021|Total 2020| |---|---|---|---|---|---|---|---|---| ||||||Funds|Funds||| |County Show|||||94,893||94,893|19,675| ||||||94,893||94,893|19,675| |.|Expenditure||on governance||costs|||| ||||||||2021|2020| ||||||||8|8| |independent||examination||fees|||1,170|1,170| |Other non-audit|||services||||2,620|1,280| ||||||||3,790|2,450| ## ## ## |9. Net movement
in funds|9. Net movement
in funds|9. Net movement
in funds||| |---|---|---|---|---| |This is stated|after charging:||2021|2020| ||||6|E| |Independent
examination||fees|1,170|1,170| |Other non-audit|services||2,620|1,280| |Depreciation|||20,970|60,116| |Amorlisation|||4,155|4,155| |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|| ## ## |11. Intangible
fixed assets||||||| |---|---|---|---|---|---|---| |||||||Website| |Cost||||||| |At 1 September 2020 and 31|August|2021||||| |Amortisatlon||||||| |At 1 September 2020||||||9,077| |Charge for the year||||||4 155| |At 31August
2D21||||||| |Net book value||||||| |At 31 August 2021||||||3,387| |At 31 August 2020||||||7,542| |12. Tangible fixed assets||||||| ||Freehold land||Showground|Show|Office|Total| ||and property
5||Improvements|Equipment
f|Equipment
9|| |Cost or valuation||||||| |At 1 September 2020and||||||| |31 August 2021|900,000||353,515|135,693|31,177|1,420,385| |Depreciation||||||| |At 1 September 2020||8,000|287,629|132,795|27,221|4ss,64s| |Charge for the year||4,000|13,305|1,663|2,002|20,970| |At 31 August 2021||12,000|300,934|134,458|29,223|476,615| |Net book value||||||| |At 31 August 2021|888,000||52,581|1,235|'I,954|943,770| |At 31 August 2020|892,00D||65,886|2,898|3,956|964,740| ## ## ## |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|failing due after more than one year||| |---|---|---|---| |||2021f|2020
6| |Bank loans and overdrafts||41,667|| |||41,667|| |||Balance at|||Balance at| |---|---|---|---|---|---| ||1|September
2020|Income|Expenditure|31 August2021| |Unrestricted
funds||267,689|273,964|(275,758)|265,895| |Revaluation
reserve||707,573|||707,573| |Restricted|||||| |funds|||||| |Total||975,262|273,964|(275,758)|973,468| |||Balance at|||Balance at| |---|---|---|---|---|---| ||1|September 2019|Incomel
Revaluation|Expenditure|31August2020| |Unrestdcted
funds||435,249|129,616|(297,175)|267,689| |Revaluation
reserve||412,573|295,000||707,573| |Restdcted|||||| |funds|||||| |Total||847,822|426,616|(297,176)|975,262| ## ## |||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|||||| ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||Funds|Funds|2020| |Income and Expenditure||||||| |INCONIE:||||||| |Donations
and legacies||||76,469||76,469| |Income from charitable|activities|||||| |Show||||.6,170||6,170| |Other trading
activities||||31,815||31,615| |Other income||||15,000||15,000| |Investment
income||||362||362| |Total Income||||129,616||129,616| |EXPENDITURE:||||||| |Raising funds||||275,051||275,051| |Expenditure
on charitable||activities||||| |Show||||19,675||19,675| |Governance
costs||||2,450||2;450| |Other costs||||||| |Total Expenditure||||297,176||297,176| |||||(167,560)||(167,560)| |Net income and net mpvement|||In|||| |funds for the year||||295,000||295,000| |||||127,440||127,440| |Reconciliation
offunds||||||| |Total funds brought
forward||||847,822||847,822| |Total funds carried forward||||975,262||975,262|