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|Trustees'
Report|||
|Independent
Examiner's|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Statement ofCash Flows||10|
|Notes to the Financial Statements|||
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|||||Mote|Unrestricted
Funds|Restricted
Funds|16months
ended 31
Dec 2022
f|12months
ended 31
Aug 2021
f|
|---|---|---|---|---|---|---|---|---|
|Income and Expenditure|||||||||
|INCOIIIIE:|||||||||
|Donations
and legacies|||||53,860|3,000||69,747|
|Income from charitable||activities|||||||
|Show|||||389,701||389,701|94,289|
|Other trading
activiTies|||||175,858||175,858|94,887|
|Other income||||||||15,000|
|Investment
income|||||298||298|41|
|Total Income|||||619.717||622|336,|
|EXPENDITURE:|||||||||
|Raising funds|||||304,273||304,273|177,075|
|Expenditure
on charitable|||activities||||||
|Show|||||297,735||297,735|94,893|
|Schools|||||10,819|3,000|13,819||
|Governance
costs|||||6,480||6,480|3,790|
|Total Expenditure|||||6'I9,307|3,000|622,307|275,758|
|Net incomei(expenditure)
movement
in funds|||and||410||410|(1,794)|
|Reconciliation
offunds|||||||||
|Total funds brought|forward||||973,468||973,468|975,262|
|Total funds carried|forward||||973,878||973,878|973,468|
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|||Note|31 Dec
f|2022|31 Aug
f|2021|f|
|---|---|---|---|---|---|---|---|
|Fixed Assets
Intangible
assets
Tangible assets
Investments||11
12
13||1,128
926,585
1||3,387
943,770
1||
|||||927,714||947,158||
|Current Assets||||||||
|Stocks|||||922|||
|Debtors||14|84,676||97,211|||
|Cash at bank and in hand|||74,510||65,176|||
|Total Current Assets|||159,186||163,309|||
|Creditors:
Amounts|falling due within||||(95,332)|||
|one year||||||||
|Net Current Assets||||74,497|||67,977|
|Total Assets less Current
Liabilities||||1,002,211||1,015,135||
|Creditors: Amounts|falling due afier|||(28,333)||(41,667)||
|more than one year||||||||
|Net Assets||||73,3|||97,|
|The funds ofthe charity
Unrestricted
Funds||17/18||266,305|||265,895|
|Revaluation
Reserve||17/18||707,573|||707,573|
|Total Charity Funds||||73,|||973,468|
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|||||Note|2022|2021f|
|---|---|---|---|---|---|---|
|Cash used in operating
activities|||||||
|Cash generated
from operations|||||27,370|(51,921)|
|Interest paid|||||(1,300)|(1,100)|
|Net cash used
in operating|activities||||26,070|(53,021)|
|Cash flows from investing|activities||||||
|Purchase oftangible
fixed assets|||||(5,102)||
|Interest received|||||33||
|Net cash from investing
activities|||||(5,069)|41|
|Cash flows from fmancing|activities||||||
|Bank loans received||||||50,000|
|Repayment
of bank loans|||||(11,667)||
|Net cash from financing
activities|||||(11,667)|50,000|
|Increase/(decrease)
in cash and cash equivalents|||in the year||9,334|(2,980)|
|Cash and cash equivalents|atthe beginning|ofthe|year||65,176|68,156|
|Cash and cash equivalents|at the end of|the year|||74,510|65,176|
|Cash at bank and in hand|||||7il,510|65,176|
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|||||Unrestricted|Restricted||Total 2022|Total 2021|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds||||
|||||5|||||
|Sponsors|&donors|||50,078|3,000||53,078|9,753|
|Grants||||3,782|||3,782|59,994|
|||||53,860|3,000||56,860|69,747|
|Grants includes||63,782 (2021:F30,937)received under the Government||||furlough|scheme.||
|4. Income from charitable|||activities||||||
|||||Unrestricted|Restricted||Total 2022|Total 2021|
|||||Funds|Funds||||
|||||8|5||||
|Show|||||||||
|Entrance|8 entry fees|||389,701|||389,701|94,289|
|||||||||94,289|
|Other Trading||Activities|||||||
|Members|subscriptions|||16,148|||16,148|11,773|
|Donation|from|Heris Showground||159,710|||159,710|83,114|
|||||'I75,858|||175,858|94,887|
|Other Income|||||||||
|Management
fee||||||||15,000|
|||||565,559|||565,559|204,176|
|5. Investment||income|||||||
|||||Unrestricted|Restdcted||Total 2022|Total 2021|
|||||Funds|Funds||||
||||||8||||
|Wayleaves||||265|||265||
|Bank interest received||||33|||33|41|
|||||298|||298|41|
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|. Costofraising funds|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total 2022|Total 2021|
||Funds|Funds|||
|||F|||
|Staff costs|124,453||124,453|85,061|
|Subcontract
labour|60,213||60,213|25,070|
|Rates, electricity, water 6fuel|6,483||6,483|3,481|
|Insurance|9,560||9,560|4,774|
|Telephone|7,348||7,348|5,262|
|Postage &stationery
Showground
maintenance|2,896
29,371||2,896
29,371|1,165
5,176|
|Legal 8 professional
HR and training|70
2,683||70
2,683|35|
|Subscriptions|2,153||2,153|868|
|Ofgce expenses|10,580||10,580|14,632|
|IT|14,399||14,399|4,701|
|Depreciation
and amortisation|24,546||24,546|25,125|
|Bank charges and interest|9,518||9,518|1,725|
|Total expenditure|304,273||304,273|177,075|
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|. Expen|diture|on|charitable
a|ctivities||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restncte d|Total 2022|Total 2021|
|||||Funds|Funds|||
|||||6|6|||
|County|Show|||297,735||297,735|94,893|
|Schools|Food|and|Farming|10,819|3,000|13,819||
|||||308,554|3,000|311,554|94,893|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||6|6|
|Independent|examination||fees|1,300|1,170|
|Other non-audit||services||5,180|2,620|
|||||6,480|3,790|
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|This is stated|This is stated|after charging:|after charging:|2022|2021|
|---|---|---|---|---|---|
||||||E|
|Independent|examination||fees|1,300|1,170|
|Other non-audit||seniices||5,180|2,620|
|Depreciation||||22,287|20,970|
|Amortisation||||2,259|4,155|
||2022|2021|
|---|---|---|
||E|E|
|Salaries and wages|113,059|76,567|
|Social security costs|6,854|3,872|
|Pension costs|4,540|4,622|
||i2,A|NO81|
||2022|2021|
|---|---|---|
||Number|Number|
|Executive Director|||
|Administration|||
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|1.Intangible
fixed assets||
|---|---|
||Website|
||8|
|Cost||
|At 1 September 2021 and 31 December 2022|,31|
|Amortisation||
|At 1 September 2021|13,232|
|Charge for the pedod|2,259|
|At31 December 2022||
|Net book value||
|At 31 December 2022||
|At 31 August 2021|3,3 1|
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|2. Tangible fixed assets||||||
|---|---|---|---|---|---|
||Freehold land
and property|Showground
improvements|Show
Equipment|Office
Equipment|Total|
||f|5||8||
|Cost or valuation||||||
|At 1 September 2021
Additions|900,000|353,515
3,449|135,693
820|31,177
833|1,420,385
5,102|
|At 31 December 2022|900,000|356,964|136,513|32,010|1,425,48?|
|Depreciation||||||
|At 1 September 2021|12,000|300,934|134,458|29,223|478,615|
|Charge for the period
At 31 December 2022|5,333
17,333|13,557
314,491|1,419
135,877|1,978
31,201|22,287
498,902|
|Net book value||||||
|At 31 December 2022|882,667|42,473|638|809|926,585|
|At 31 August 2021|888,000|52,581|1,235|1,954|943770|
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|Name of undertaking|Name of undertaking|Name of undertaking||Registered|Registered|Nature of|Class|of||%Holding|
|---|---|---|---|---|---|---|---|---|---|---|
|||||office||business|shares|held|Direct|Indirect|
|Herts County|Showground||Limited|England|and|Lettings|Ordinary||100.00||
|||||Wales|||||||
|14. Debtors|||||||||||
|||||||||2022||2021|
|||||||||5||5|
|Trade debtors||||||||15,319|||
|Amounts
owed by group||undertakings||||||42,947||87,900|
|Prepayments|and accrued||income|||||9,292||9,31'I|
|VAT reciaimabie||||||||353|||
|Other debtors||||||||16,765|||
|||||||||84,676||97,211|
|15. Creditors:|amounts|falling due||within one year|||||||
|||||||||2022||2021|
|||||||||5||5|
|Bank loans and overdralts||||||||10,000||8,333|
|Trade creditors||||||||6,723||4,479|
|Taxation and social security||||||||3,101||7,698|
|Other creditors||||||||1,173||1,281|
|Accruals and deferred income||||||||63,692||73,541|
|||||||||84,689||95,332|
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|16. Creditors: amounts|falling dus after more than one year|||
|---|---|---|---|
|||2022|2021|
|||6||
|Bank loans and overdraits||28,333|41,667|
|||28,333|41,667|
|Bnil (2021:r1,667)ofthe|above balance is payable after more than 5years.|||
|||Balance at|||Balance at|
|---|---|---|---|---|---|
||1|September 2021|Income|Expenditure|31 December 2022|
|Unrestricted
funds||265,895|619,717|(619,307)|266,305|
|Revaluation
reserve||707,573|||707,573|
|Restricted
funds|||3,000|(3,000)||
|Total||973,468|622,717|(622,274)|973,878|
|||Balance at|||Balance at|
|---|---|---|---|---|---|
||1|September 2020|incomel
Revaluation|Expenditure|31August 2021|
|Umestricted
funds||267,6as|273,964|(275,758)|265,895|
|Revaluation||707,573|||707,573|
|reserve||||||
|Restricted||||||
|funds||||||
|Total||975,262|273,964|(275,758)|973,468|
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|||||Balance at 1|income|Expenditure|Balance at 31|
|---|---|---|---|---|---|---|---|
|||||September|||December 2022|
|||||2021||||
|Schools|Food|Farming|and||3,000|(3,000)||
|Day||||||||
|Total|||||3,000|(3,000)||
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|||Free
Reserves|Attributable
to
fixed assets|Total 2022|Total 2021|
|---|---|---|---|---|---|
|||6||||
|Balance at beginning
ofyear||26,310|947,158|973,468|975,262|
|Net movement|in funds|19,854|(19,444)|410|(1,794)|
|Balance at end|ofyear|46,164|927,714|973,878|973,468|
|||Free
Reserves|Attributable
to
fixed assets|Total 2021|Total 2020|
|---|---|---|---|---|---|
|||6|6|6||
|Baiance at beginning
ofyear||2,979|972,283|975,262|847,822|
|Net movement|in funds|23,331|(25,125)|(1,794)|127440|
|Balance at end|ofyear|26,310|947,158|973,468|975,262|
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|20.
Reconciliation
ofnet movement|20.
Reconciliation
ofnet movement|20.
Reconciliation
ofnet movement|20.
Reconciliation
ofnet movement|20.
Reconciliation
ofnet movement|in funds to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f||
|Net movement
in funds||||||410|(1,794)|
|Depreciation
and amortisation|||charge|||24,546|25,125|
|Interest received shown||in investing|||activiTies|(33)|(4'I)|
|Interest paid shown
in|operating|||activities||1,300|1,100|
|Decrease
in stocks||||||922||
|Decrease I(increase)|in|debtors||||12,535|(49,186)|
|Decrease
in creditors||||||(12,310)|(27.'I25)|
|||||||27,370|(51,921)|
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||||Unrestricted|Rsstt icted|Total|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
|||||6||
|Income and Expenditure||||||
|INCOME:||||||
|Donations
end legacies|||69,747||69,747|
|Income from charitable|activities|||||
|Show|||94,289||94,289|
|Other trading activities|||94,887||94,887|
|Other income|||15,000||15,000|
|Investment
income|||41||41|
|Total Income|||3 3||3336|
|EXPENDITURE:||||||
|Raising funds|||177,075||177,075|
|Expenditure
on charitable||activrties||||
|Show|||94,893||94,893|
|Governance
costs|||3790||3790|
|Total Expenditure|||275,758||275,758|
|Net movement
in funds|||(1,794)||(1,794)|
|Reconciliation
offunds||||||
|Total funds brought
forward|||975,262||975,262|
|Total funds carried forward|||973,468||973,468|