2022-09-30-accounts - The Surrey County Agricultural Society

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REGISTERED COMPANY NUMBER: 01855780 (England and Wales) REGISTERED CHARITY NUMBER: 293515

Report of the Trustees and

Financial Statements

for the Year Ended 30 September

2021 for

Surrey County Agricultural Society (The)

AS TAXATION LTD 59 Lancaster Avenue

Guildford Surrey GU1 3JR

Surrey County Agricultural Society (The)

Contents of the Financial Statements for the Year Ended 30 September 2021

		Page
Chairman's Report	`1` - `2`
Report of the Trustees	3	-7
Report of the Independent Auditors	8	-`10`
Statement of Financial Activities		11
Balance Sheet		`12`
Notes to the Financial Statements	13	-`19`

Surrey County Agricultural Society (The)

Chairman's Report

for the Year Ended 30 September 2021

I do not think it possible to start any period of reflection, without first wishing you and your families well. When I took over the role of Chairman of the Society from Angus Stovold in February 2020, the word Covid-19 was only a line in the newspaper and a problem in the Far East.

Few of us guessed at the enormity and effect that the viral pandemic would cause. The very mechanism of globalism (with its positive effect included on UK Agriculture & food and drink production) was the catalyst for the worldwide crisis. Perhaps we had earlier warning and a feeling of foreboding than some, as the first UK reported Covid-19 case was amongst us in Haslemere, south Surrey.

The very nature of our Society and its principal focus (the Surrey Show) meant that within a month of taking over as Chairman, in early March 2020 I convened an emergency meeting of your Council. With guidance and input from our then CEO Tracey Longhurst, together with analysis of the likely effect and length of the lockdown, we took the decision to cancel the May 2020 Surrey Show.

At this point I must refer to the hard work, commitment and support provided by Tracey Longhurst, Lucy Boulie and Andrea Hill in the Society office. They worked efficiently and quickly to deal with the show cancellation administration, including the ramifications of the Show's cancellation policy for traders and exhibitors.

At this stage it became clear that the Society's finances would come under strain. A Finance Committee was created, steered by our Treasurer Paul lbbott. The Committee's aim was (and is) to consider as a team all financial aspects of the Society and advise Council on prudent actions.

I want to recommend to you the work of Paul lbbott: he was worked through the year to take over the accounts first from Christopher Brockhurst, then take a more active role in the daily and monthly running of the Society's finances.

As 2020 progressed, Council maintained contact with the Show office, soon reduced to skeleton staffing and statutory tasks only as the entire staff was placed on furlough under the Coronavirus Job Retention Scheme.

Sadly, in November 2020 we lost Tracey to new opportunities (an exciting new business based around her farming business) and the Society decided not to recruit a new CEO, uncertain as to the needs of 2021.

As flexible furlough was introduced in the early Autumn, Lucy and Andrea returned to the office for a few hours each week, performing the necessary weekly administration and liaison tasks. The loss of full time staff has meant that a number of tasks have been taken over by principally Paul lbbott and some other Council members.

Council also took the decision in October 2020, to not hold a 2021 show. Without a vaccine in place and a second lockdown imminent, it would have been reckless of Council (as charity trustees) to commit our funds to a show that we were not sure could even be held in a then uncertain 2021.

In December I formed a Strategy Committee. Whilst the last quarter of 2021 was a bleak time, it was clear that a new normal way of life could be contemplated (though soon bettered by the announcement of a vaccine). Council needed to consider what the future could hold for the Society and what the Society could hold for future life in Surrey.

Whilst a lot of the Society's year has been negative and reactionary, we have been contemplating the effects of Brexit on 31 December 2020. The Agriculture Act 2020 and its linked Environment Bill (soon to be an Act of Parliament) showed a different future for UK Agriculture. The Society potentially has a role in amongst that change, from an educational perspective.

The Strategy Committee met in late January and reviewed the aims and functions of the Society. In summary, a future Surrey County Agricultural Society may have the same charitable aims and objectives as ever in the past, present and future. However, how the Society delivers its activities and works with other organisations in Surrey would need to change.

We have periodically given updates to members. Our September 2020 update asked for your opinions on the Society's future and the Show. We hope that you can deliver those opinions at the AGM.

Page 1

Surrey County Agricultural Society (The)

Chairman's Report

for the Year Ended 30 September 2021

I wish to thank all my co-Trustees (on Council) for their time, commitment and support to the Society. These have been worrying times for us all, both for our and our families and friends' health, our businesses and organisations. To still show such dedication and help deliver direction for the Society shows the stalwart nature of the trustees.

I must also thank our President Peter Gordon, who after an extended term is stepping down and is being replaced by Noel Grant, to whom we offer a warm welcome as President.

Page 2

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

The Council presents its report and financial statements for the year ended 30 September 2021.

The Council members are directors of the Society for the purposes of the Companies Act 2006 and trustees of the Society for the purposes of the Charities Act 2011 and confirm that the financial statements comply with the current statutory requirements, the requirements of the governing documents of the Society and the provisions of the FRS 102 Charities Statement of Recommended Practice ("SORP") issued in 2015.

The Advisory Board continue to augment the expertise of Council by bringing together individuals with specific areas of knowledge to offer guidance to Council on such matters relating to those areas of expertise. The Advisory Board meet on a quarterly basis and any output from those meetings is fed into Council through the Advisory Board Chairman in his ex officio capacity on Council.

Advisory Board Members at the date of this report:

P J F Stovold A M G More-Molyneux Campbell N Warren L Gates G Jackson C W J Stanton Medhurst R C Dent Gunner PA J Sir Graham Clarke R Wilkinson Bt AJ Hill Meldrum H Broom M Hobbs A E D Watts DL Poulsom P Knight A Simpson

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aims and charitable objectives of the Society are the encouragement of agriculture and agricultural employees in their various crafts, to promote good farming, the advancement of the breeding and rearing of livestock and horses and to maintain the public's interest in the Agricultural Industry generally within the County. This is put into practice by the organisation in the form of the Surrey County Show.

The Council confirms that it has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Page 3

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

ACHIEVEMENT AND PERFORMANCE

Achievements and Performance

The County Show is ordinarily the main income producing event for the society. In March 2020 the Trustees decided to cancel the 2020 Show, due to the anticipated effects of the COVID-19 pandemic. The 2021 County Show was subsequently also cancelled when the COVID-19 pandemic continued to affect the holding of public gatherings.

During the pandemic the Trustees decided it was prudent to convert investments into cash, after the New Finance Committee assessed the situation. The Society no longer holds outside investments.

A further drawdown of funds from the reserve account was made from the investment portfolio to meet the Society's obligations in the outlay of planning for the 2020 Show (before it was cancelled). Refunds continued to be made in 2021 for deposits and payments on account of the 2020 show that did not take place.

The Society is very grateful for the help and support in the past of around 120 volunteers who usually assist annually in various capacities at events (such as judging, trophy management, office assistants, setting out and running the ploughing match) in addition to the many hours of support given by members of the Council at meetings throughout the year and at our events. This gives the Society the equivalent of circa 1500 hour of volunteer time and support annually.

The Society has had no insurance claims this year.

FINANCIAL REVIEW

Financial review

The net outflow of resources after the revaluation of investments amounted to £86,711 which compares with a net outflow of £86,711 in the previous year. This was caused by having no Show and income producing events.

This year we have not had to call on the designated Showground Contingency Fund to cover any reinstatement costs at Stoke Park.

During the year the Chairman proposed, and it was agreed, that a Finance Committee be created, in order to focus the commercial expertise of the Treasurer and three other Trustees onto financial and commercial matters.

Donations

During the year, the Society made no charitable donations (2020:Nil). Our charitable donations are being kept under review but given the financial position of the Society at the current time, it was felt prudent not to make any charitable donations this year.

Pay policy for senior staff

The board of directors and the Charity's trustees, consider that they and the senior management team represent the key management personnel of the charity in charge, directing and controlling, running, and operating the Charity on a day-to-day basis. All members of Council give up their time freely no Council member received remuneration in the year. Details of Council members' expenses and related party transactions are disclosed in Notes 6 and 16 to the Financial Statements.

Page 4

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

The pay of senior staff is reviewed annually and may be increased in

accordance with average earnings. All staff were placed on the Coronavirus

Job Retention Scheme and furloughed.

Page 5

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

FUTURE PLANS

The plans for the Society are being continually reviewed by the Trustees, both in terms of future Surrey County Council Shows and

other future activities.

The structure of agriculture in the United Kingdom is changing, with the Agriculture Act 2020 and the impending Environment Bill.

It is anticipated that there be a role for the Society, in relation to educating members of the public about agriculture and engaging with the farming community. However, 2021 was about stablisation, not long-term planning.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as

defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01855780 (England and Wales)

Registered Charity number

293515

Registered

office 8 Birtley Courtyard Birtley Road Bramley Surrey GUS OLA

Trustees

RAJ Stovold J H Dobson J M R Barton CJ Brockhurst (resigned 28.1.20) PA lbbott I C 5 Lynch (resigned 28.1.20) LE Matthews J Q W Thurnpsun D Whittington P NL Gordon G W Rees RC Patch (appointed 28.1.20) L N Grant (appointed 28.1.20) W Peters (appointed 28.1.20)

Company Secretary

Accountant

Page 6

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

A S Taxation Ltd

Page 7

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Accountant

AS Taxation Ltd 59 Lancaster Avenue Guildford Surrey GU13JR

Solicitors

Barlow Robins LLP The Oriel Sydenham Road Guildford Surrey GUl 3SR

Bankers

NatWest Pie Petersfield Agricultural Unit 4 High Street Petersfield Hanis GU32 3JF

REFERENCE AND ADMINISTRATIVE DETAILS

The Society (registered company number 01855780) is registered as a charity [registered charity number 293515) in England and Wales. The Society is a company incorporated in the United Kingdom and is limited by guarantee and therefore does not have share capital. It is governed by its Memorandum and Articles of Association dated 1984.

Details of the principal business and registered address along with those individuals that have served as Council members can be found in the pages of this report.

TRUSTEES' RESPONSIBILITY STATEMENT

The Council members (who are also directors of The Surrey County Agricultural Society for the purposes of company law) are responsible for preparing the Council report and the financial statements in accordance with applicable law and United Kingdom Accounting Generally Accepted Accounting Practice).

Company law requires the Council to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Society and of the incoming resources and application of resources, including the income and expenditure, of the Society for that period. In preparing these financial statements, the Council are required to:

Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charity SORP;
Make judgements and accounting estimates that are reasonable and prudent.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Society will continue in business

The Council are responsible for keeping proper accounting records that are sufficient to show and explain the Society's transactions and disclose with reasonable accuracy at any time the financial position of the Society and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Page 8

Surrey County Agricultural Society (The) (Registered number: 01855780)

Report of the Trustees for the Year Ended 30 September 2021

ACCOUNTANT

A resolution to reappoint AS Taxation Ltd Accountants will be put to the members at the Annual General Meeting.

In preparing this report, the Council have taken advantage of the small companies' exemptions provided by section 415A of the Companies Act 2006.

Approved by order of the board of trustees on 28 September 2021 and signed on its behalf by:

J Q W Thompson - Trustee

Page 9

Report of the Independent Accountants to the Members of Surrey County Agricultural Society (The)

Opinion

We have prepared the financial statements of Surrey County Agricultural Society (The) (the 'charitable company') for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the accompanying financial statements fairly, in all material respects - give a true and fair view of the financial position of the charity as at 30 September 2021

have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and
in accordance with the requirements of the Companies Act 2006

Basis for qualified opinion

We were unable to obtain sufficient appropriate information we did not have sight of the back up documentation relating to the accounts but did have sight of all the bank statements.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Key matters

No Audit was conducted on these accounts.

During the 2021 financial year, the bookkeeper and other staff had their hours reduced. In addition to that, the charity took advantage of the Furlough grants available.

Because key financial staff members were not working their regular hours and on the resignation of the regular bookkeeper there is an increased risk of material misstatement due to the potential impact of this on the functioning of the controls and record keeping of the company.

During the current financial year, the charity did not have a full-time appointed executive director. The charity however, engaged the services of part time staff with a knowledge of the charity's operations. A Trustee took on the payroll process.

Page 10

Report of the Independent Accountants to the Members of Surrey County Agricultural Society (The)

Other information

The other information comprises the information included in the annual report, other than the financial statements and our accountants report thereon. The directors are responsible for the other information contained within the annual report.

Our opinion on the financial statement does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained or otherwise appears to be materially misstated. If we identify such material consistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the reconciliation of the bank at 30 September 2021. We have concluded that where the other information refers to the bank or related balances such as income and expenses, it may be materially misstated for the same reason.

Opinions on other matters prescribed by the Companies Act 2006

Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken:

the information given in the strategic report and the Trustees report for the financial year for which the financial
the strategic report and the trustees report have been prepared in accordance with applicable legal requirements

Matters on which we are required to report by exception

Except for the matter described in the basis for qualified opinion section of our report, we have not identified material misstatements in the strategic report or the trustees report.

Arising solely from the limitation on the scope of our accounting work relating to inventory, referred to above:

we have not obtained all the information and explanations that we considered necessary for the purpose of preparing the accounts
we were unable to determine whether adequate accounting records have been kept

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you.

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

Report of the Independent Accountants to the Members of Surrey County Agricultural Society (The)

Use of our report

This report is made solely to the charitable company's members, as a body. We do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for this report, or for the opinions we have formed.

AS Taxation Ltd 59 Lancaster Avenue Guildford Surrey GU13JR

29 September 2021

Page 12

Surrey County Agricultural Society (The)

Statement of Financial Activities for the Year Ended 30 September 2021

30.9.21
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
205
Charitable activities
County Show
0
Farming Competitions
Investment income
3
6
Other income 2021 - HMRC JRS GRANT
and rate rebates
40,485
Total
40,696
EXPENDITURE ON
Raising funds
4
3,284
Charitable activities
County Show
0
Farming Competitions
0
Office and administrative expenses
48,404
Other
1,237
Total
52,925
Net gains/(losses) on investments
NETINCOME/(EXPENDITURE)
(12,229)
RECONCILIATION OF FUNDS
Total funds brought forward
143,944
TOTAL FUNDS CARRIED FORWARD
131,715

30.9.20
Total
funds
£
12,102
2,270
3,499
21,724
39,595
16,932
15,706
455
91,969
1,244
126,306
(86,711)
230,655
143,944

The notes form part of these financial statements

Page 13

Surrey County Agricultural Society(The) (Registered number: 01855780)

Balance Sheet 30 September 2021

30.9.21 30.9.20 Unrestricted funds Total funds £ £ 90,688 91,925 _ 90,688 91,925 884 1,299 6,053 49,967 87,201 51,266 94,138 (10,239) (42,119)	30.9.21 30.9.20 Unrestricted funds Total funds £ £ 90,688 91,925 _ 90,688 91,925 884 1,299 6,053 49,967 87,201 51,266 94,138 (10,239) (42,119)	30.9.21 30.9.20 Unrestricted funds Total funds £ £ 90,688 91,925 _ 90,688 91,925 884 1,299 6,053 49,967 87,201 51,266 94,138 (10,239) (42,119)	30.9.21 30.9.20 Unrestricted funds Total funds £ £ 90,688 91,925 _ 90,688 91,925 884 1,299 6,053 49,967 87,201 51,266 94,138 (10,239) (42,119)
41,027 52,019 131,715 143,944			52,019
131,715 143,944
	131,715 143,944 131,715 143,944	143,944

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 September 2021 and were signed on its behalf by:

J Q W Thompson - Trustee

The notes form part of these financial statements

Page 14

Surrey County Agricultural Society(The)

Notes to the Financial Statements for the Year Ended 30 September 2021

1. BASIC FINANCIAL INSTRUMENTS

Financial instruments (i.e. financial assets and liabilities) are classified as basic or non-basic in accordance with the requirements of FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company does not have any non-basic financial instruments.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, except for investments which are included at market value.

The Surrey County Agricultural Society meets the definition of a public benefit entity under FRS 102. The financial statements are therefore prepared in accordance with the additional requirements of such entities.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern on the basis that the charity has sufficient financial resources which will allow the charity to manage its risks in the foreseeable future.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Freehold -2 % on cost property -15% on reducing balance Fixtures and fittings

Stocks

Stocks are valued at the lower of cost or estimated net realisable value.

Taxation

Page 15

continued...

Surrey County Agricultural Society(The)

The charitable company is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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Surrey County Agricultural Society(The)

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

2. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted designated funds can only be used in accordance with the charitable objectives and have been specifically

designated for a particular purpose.

Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Cups and trophies

No value has been included in the financial statements for cups and trophies held by the Society.

3.

4.

5. INVESTMENT INCOME

			30.9.21	30.9.20
			£	£
Deposit account interest Dividends			6 0	16 3,483
			6	3,499
RAISING FUNDS
Investment management
costs
			30.9.21	30.9.20
			£	£
Portfolio management
NET INCOME/(EXPENDITURE)
			30.9.21	30.9.20
£	£
Accountants 2021 remuneration for 2021 ( Audit 2020)			2,700	6,500
Auditor's remuneration for	non-audit work		0	2,800
Less: auditor's donation				(1,500)
		0
Depreciation - owned assets			1,237	1, 244

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Surrey County Agricultural Society(The)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2021

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Trustees ‘expenses

There were no trustees' expenses paid for the year ended 30 September 2021 (2020: £Nil).

7. STAFF COSTS

Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Management	30.9.21 £ 32,464 0 383 32,847 2 30.9.2 0		30.9.20 £ 57,761 350 320 58,431

			2 30.9.19 3

No employees received emoluments more than £60,000.

Key management personnel

The total amount of employee benefits (including employer pension employ national contributions and er insurance contributions) received by key management personnel for their services to the charity was £31,228 (2020: £58,431).

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestrict
	ed
	Funds
	2020
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	12,102
Charitable activities
County Show	2,270
Other income	21,724
Investment income	3,499
Total	39,595
EXPENDITURE ON
Raisingfunds	16,932
Charitable activities
County Show	15,706
FarmingCompetitions	455

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Surrey County Agricultural Society(The)

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

continued
	Unrestricte
	d
	funds
	£
Ofce and administrative	91,969
expenses
	1,244
Other	126,306
Total
	0
Net gains/(losses) on	(86,711)
investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward	230,655
TOTAL FUNDS CARRIED	143,944
FORWARD

9. OTHER INCOME

Other income is Grant income received in respect of salaries as part of the Furlough grant funding provided by the Government.

10. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST At 1 October 2020 Additions Disposals At 30 September 2021 DEPRECIATION At 1 October 2020 Charge for year Eliminated on disposal At 30 September 2021 NET BOOK VALUE At 30 September 2021 At 30 September 2020		Fixture s Freehold Plant and and Computer property machinery fttings equipment Totals £ £ £ £ £ 111,434 10,052 2001 3,868 127,355 111,434 10,052 2,001 3,868 127,355

		20,229 10,052 1,755 3,394 35,430 963 37 237 1,237
		21,192 10,052 1,792 3,631 36,667
		90,242 209 237 90,688 91,205 246 474 91,925

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Surrey County Agricultural Society(The)

for the Year Ended 30 September 2021

Notes to the Financial Statements - continued

11. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

12. 13. 14. 15.	STOCK S Rosettes and prize cards DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Otherdebtors CREDITORS: AMOUNTS FALLINGDUEWITHIN ONE YEAR Trade creditors Social security and other taxes VAT Othercreditors Accruals and deferred income MOVEMENT IN FUNDS Unrestricted funds General fund Showground contingency fund 19,728 TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS	At 1.10.2 1 £ 124,216 19,728 143,944 143,944 Incoming resources £ 40,696 40,696	30.9.21 £ 30.9.20 £ 30.9.21 30.9.20 £ £ 2,1 83 884 2,1 83 884 30.9.21 30.9.20 £ £ 0 9,769 245 (700) 0 1,675 7,711 27,110 2,087 4,265 10,043 42,119 Net movemen t in funds At 30.9.21 £ £ 111,987 124,216 19,728 131,715 143,944 131,715 143,944 Resources expended Movemen t in funds £ £ (52,925) (12,229)
			(52,925) (12,229)

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Surrey County Agricultural Society(The)

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		At 1.10.19 £ 210,927 19,728 -	Net moveme nt At in funds 30.9.20 £ £ (86,711) 124,216 19,728
		230,655	(86,711) 143,944
	230,6 55 Resources expende d £ (126,306 )		(86,711) 143,944 Gains and Movement losses in funds £ £ (86,711)
	(126,306)
( 86,711 )

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Showground contingency fund TOTAL FUNDS	At 1.10.19 £ 210,927 19,728 230,655 230,655	Net moveme nt At in funds £ 30.9.21 £ (98,940) 111,987 19,728	Net moveme nt At in funds £ 30.9.21 £ (98,940) 111,987 19,728
		(98,940) (98,940)	131,715
			131,715

continued ...

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Surrey County Agricultural Society(The)

Notes to the Financial Statements - continued for the Year Ended 30 September 2021

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds Generalfund 80,291 TOTAL FUNDS 80,291	Resources expended £ Gains and losses £ Movemen t in funds £ (179,23 1) (233) (99,173)	Resources expended £ Gains and losses £ Movemen t in funds £ (179,23 1) (233) (99,173)	Resources expended £ Gains and losses £ Movemen t in funds £ (179,23 1) (233) (99,173)	Resources expended £ Gains and losses £ Movemen t in funds £ (179,23 1) (233) (99,173)
		(179,23 1)	(233)	(99,173)

16. RELATED PARTY DISCLOSURES

A member of the Advisory Board is a director in a company that provides services to the Surrey County Agricultural Society. Countryside Contracts Ltd was paid nothing in 2021 (£0 in 2020).

17. CONSTITUTION AND CONTROL

The Surrey Country Agricultural Society is a company limited by guarantee, having no share capital, No. 01855780 and is a registered charity, No. 293515.

Number of members Maximum liability of each member Throughout the year the company was under the control of the Council.	2020 200 £2	2019 200
		£2

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